The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-05
FINANCIAL and COMMERCIAL.
Stocks Depressed and the
Market Feverish.
GOLD LID rs A 115 So.
Rag Paper S6.6S-Money on Call Recedes from
5 to and Per Cent-Railway
Securities Fairly Active.
THE FOREIGN MARKET

X, y
The iutimation given In the HERALD this morning
that the 'bull" speculation on the Stock exchange
had reached its elimination to have been con-
frmed by to-day's market We have frequently eau
toned the public against taking stock in the roseco
ored which have found believers In Wall street
for the that tho real facts and i'm
mediate prospects Of the business OF the
country were in direct conflict with them
Nor do yet see any reason to change the opinions
often expressed concerning those properties which,
during the flush times Immediately preceding the panic
OF 1873 paying at least portion of the dividends
upon their stocks out OF the proceeds OF increasing
debts, and have since then increased their abli
ties instead of liqudang 1t that irrespective
of the manipulation of Wall street. all such properties
have simply bridged obstacles only to go down
with greater smash In the end. At the opening this
morning the market was disturbed by the reported
sudden death Of Mr. J. L. Jewett, prominent oper-
ator in Lake Shore and Erie stocks. Lake Shore
opened at 6lk q decline from last night Of u per
cent quickly sold down to COY, and subsequently
rallied 61X, while Erie opening at l7,S against 176
last night, sold at IT. Although the assigned for
these changes the death referred to, in
formed by the brokers who usually transacted the
business Mr. Jewett that he had material interests
In the market Whether he had not the sales made
easily traced TO other parties, and It not
improbable that the incident furnished market for
the sale of stock that otherwise could not have been
obtained the reason given for tho decline was by
operators considered to be only temporary After
the furry Lake Shore remained steady At
about 81, with final sales at 6os and Erie, after rally
TO 17H, closed Tx Less said to-day than usual
about advanced rates for transportation the pooling OF
earnings &c. these 'po!nts" being perhaps held in
for future should the market become
comfortably weak the bears become again too cour
Ageous in their sales
A PROMINENT
Of the day, however has been tho sharp decline in
Union Pacific bonds and stocks and Pacific Mail stock
for which no such excuse could be offered as that
referred TO in Lake Shore The stock OF Union Pacific
has been unusually active with sales amounting TO
$4,000 shares, at 6544 631< 6411 637l GA 62a
62, while the sinking funds declined from S5H to so
81 s03l Pacific Mail, after fair amount of transac
tions at 401S 39a< 4o sold down to 3szs, rallied to
S9k and then broke to 37Z 3s 37JSthe final sales
The fluctuations and changes in other stocks
sufficiently described by the Official list of transactions
While 1t evident that the clques have succeeded
In unloading considerable quantity of their stocks, 1t
is by means probable that they have done to
such an extent as not to gladly welcome another
short interest which would give them the
necessary impetus for sharp rally.
The confeence between the parties interested in Atlantic
and Pacific preferred and Missouri Pacific held to-
day but nothing of material importance developed
beyond the fact that three persons from ST. Louis
accompanied by lawyer have come to New York to
hold autopsy the remains and to carry away
with them whatever gold filed teeth they may be able
TO find on the corpse. In to a question by
OF the New York stockholders, member Of the 81.
Louis delegation stated that his interest amounted TO
about two hundred shares Missouri Pacific for which
he paid $40 share several years ago and has been
handsomely repaid since In iact outside OF them uni
cipality the people OF 81 Louis said to be iden-
tilted with the stock 10 comparatively small extent,
the bulk of the being In the hands OF Eastern capi
lalists Tho steamship Faraday to-day repaired the d.
rect cable The fracture found in seventy fathoms
Of water and probably caused by either anchor
or grapnel
The transactions on the Stock Exchange to-day az
gregated 16s 900 shares, which were distributed
among stocks follows-New York Central and
Hudson sl5; Erie, 100; Lake Shore 40 900; Clevc
land and Pittsburg 226; Northwestern $780, do pre-
ferred, 800; Rock Island, 7oO Pacific Mail 1880;
st. Paul. 400; do preferred 800; ohios, 1000; West
Union, % 900; Wabash. $50; Union Pacific 1920
O., c. and l. c., 1900; Panama. 1oo Missouri Pacific,
1900 Michigan Central 1000.
ADVANCE AND DECLINE.
The following the changes in closing prices
pared with those OF yesterday
ADvAScr-Harlem, Il; Panama, x; Quicksilver, u;
gold, y.
DEcLISE-Atantic and Pacific Telegraph u; Allan
tic and Pacific preferred u; New York Central, Il;
c., c. and l. c., 4 Delaware and Lackawanna, y
Erie y; Hannibal and ST. Joseph, u; Lake Shore,
IL Northwestern common, 4 do preferred, =;
Pacific Mail. ga St. Paul. ~; Union Pacific, 2; West
ern Union " Missouri Pacific, II Michigan Central,
!; Erie In London, a.
STATIoSARY.--ohio and Mississippi, Rock Island, St.
Paul preferred, Wabash and Now Jersey Central.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening highest and
lowest prices OF the day
Opening. Highest Lowest