The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-02-27
FINANCIAL And COMMERCIAL.
Stocks Irregular and Specula-
ton Without Feature.
GOLD ADVANCED TO ia l-2.
Money 10 and 3 Per Cent on Call-BOnds
Generally Steady.
FOREIGN EXCHANGE FIRM.
WALL STREET,
90 n

WALL STREET, I
FRIDAY, Feb. 26-6 P. NJ.
The results OF business in the Stock Exchange
to-day are indicative OF the difficulty with winch
the market Is moved without strong artificial pro-
pel!ing power, and oil the doubt that inspires the
majority OF operators as TO the effect OF the pres.
ent manipulation. Those who are buying Stocks
and more thrust upon them than they want, and
the probability OF strong advance IL therefore
not specially encouraging; while those whose dis
position 1t is to sell "short" ind their ambition
suddenly checked by counter movements that are
Tor the time being rejected upon the market. SO,
between the two opposing elements, the financial
situation Is made to appear dull aud unsuggestive.
There were
THE USUAL FLUCTUATIONS
during the day, but no remarkable advance or de-
cline. Erie was notably weak in sympathy with
London prices, and lost y per cent from the clos.
ing prices yesterday. 1t opened to-day at 81, al
vanced e and gradually receded to 26ls. the pre-.
fsrred stock tell of from As to 43h. Northwest
common was likewise depressed, showing loss
since yesterdays transactions OF z per cent, and
on the preferred stock IL per cent. No action
was taken to-day, was expected, In regard TO
the bill pending in the Wisconsin Legislature, and
this may account Tor the decline. The common
stock opened al 423s touched 421a and steadily Tell
on to 4lh the close being made at AN The pre-
Ierred stock sold at SAX SAX 53h. closing Ut
53X. Lake Shore considering the amount Of deal
!ngs, suffered trining fluctuations, selling at 73k
AIS 1871.
THE MOST ACTIVE BUSINESS
was again done IN Pacific Mail, which opened at
32.I, sold at 32js 32X 33H 322< a S31S, and
finally at 1874. About $4,000 shares changed
hands. Union Pacific was next on the list In point
,t activity and was firmly upheld at 403S 40 and
thence upward to 407s, closing at 401s. Western
Union sold at IS 72s4 and closed at 1877, and like
some other stocks. was chiefly dealt IN by mem.
bers Of the Board who could make quick turns ana
small profits without the payment or an exor.
bitant commission. In TACT, the rule which regu-
iates the latter continues 10 withhold business
from the street. The transactions In Wabash were
moderate-only $500 shares-and the price ranged
between l1A l1I, with a close at H. ''seller
SIXTY" OHIO and Mississippi ranged from %
l51s to Pan, ending at PAX. c., G. and l. Q. sold
At 81 5ss. ST.. Paul common opened at "a, sold
down to 33S and closed at "a; the preferred stock
was 63x SO 53H.
THE SALES OF ACTIVE STOCKS
amounted to about COO shares, which are divided
as f,lows:-New York Central and Hudson, $50;
Erie, 70 SEQ; Lake Shore, 1880; Cleveland and
Plttsburg, 2o); Northwestern, 2oo do. preferred,
2l0o; Rock Island TOO; Pacific MAIL 90, 700; st.
Paul, $500; do. preferred, 1000; Ohio. $500;
western Union, % 100; wabash, $500; Union Pa.
ctAc. %, 500.
ADVANCE AND DECLINE.
The following are the changes at the close of
the market compared with those Of yesterday
ADvANCE-Delaware and Lackawanna.H Pacific
Nail "a; Union Pacific. 4 western Union, q.
DECLNE-C., q. and l. g., y; Erie, y; North
western common, X; Ohio and MISSISSIPPI p;
Nortnwestern preferred, IL.
The stocks that remained steady at the close
were Atlantic and Pacific preferred New YORK
Central, Hannibal and st. Joseph Harlem Lake
Shore Quicksilver, Rock Island, ST. Paul, Wabash,
Atlantic and Pacific Telegraph and Canton.
HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest