The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-05-04
FINANCIAL and COMMERCIAL.
The Stock Market Dull and
Irregular.
CAPITAL ABUNDANT AND MONEY EASY.
The Bond Market Firm, Gold LIS and For
sign Exchange Steady.
WALL STREET,
MONDAY. NAV SO z. M.


The FIRST day OF the week presents few features
that have not been the subject of recent comment.
Certain securities were firm and show led up
ward tendency. Others. Of more speculative
character, suffered from heavy pressure. The
general tone OF the market, however, was some
what stronger at the close, although there are
lingering doubts that raid may occur at any
moment for the purpose OF reducing prices to a
point at which fresh purchases may be probably
made. The reported sudden and serious illness OF
tine President OF the Rock Island road, VINO is
likewise regarded as one OF the leading spirits in
other Western lines, was not without effect in dis
arranging the calculations OF spectators, and it
aided the plans Of those VINO were engaged in the
work of depression. This report was founded on
q slight attack of vertigo, which the Jobbers mag
nined to paralysis, apoplexy and other usually
dangerous comp aints. The most active and the
best tanned security OF the day was the new Dis
trlct OF Columbia three-sixty-nve bond, oil which
BOT GOO sold, at prices ranging from " TO 12H.
THE COURSE or PRICES
was as follows New orK Central was steady at
about los, Harlem at 1874; Lake Shore weakened
Rom 7O% to 7oA, endIng at 7o& st. Paul common
opened at 37s4, sou at SO, then down to 37% and
reacted to 37A. A circular signed by the Presi-
dent, some OF the directors and bond and stock
holders OF the company circulated to-day to the
We invite YOU TO sign and return the enclosed
authority to vote for you at the annual meeting OF
the stockholders of this company, 10 be neld at
Milwaukee on the 18th OF June next. We are In
favor o. accepting the law OF winch we enclose
copy, and shall, II empowered vote on your shares
In accordance Win this view. unless Otherwise ln-
gtructed. Among other contemplated reior ms 1t
il In ended that the ONCE IN New York snail be
used exclusively Tor che business OF the company,
and be under MANAGEMENT mat win nave no IN
lerest IN the stock market inconsistent with that
Of tne shareholders.
Erie weakened from 30H to 297s, in sympathy
with the rest OF the market. but on the announce
ment OF greater strength In London advanced to
an closed at 500 3ojS. Wabash fell on from 13H
to 1917 Western Union opened at SOh, moved up
to soM, subsequently declined to 1873, and recov-
cred TO 500 a 500 so. Atlantic and Pacific Tel
egraph sold at 26A 25S. Union Pacific all
vauced from 773S to 7Sh, thence declined TO 76K,
the closing price. Pacific Mail dropped
on from Asa to Az AK. Delaware aud
Lackawanna sold at 1875 1201S 119A.
New Jersey Central receded from 1881 TO 112H.
Rock Island sold at 1052S 1861 lo4}S 1o4%.
Missouri Pacific opened at SAX, declined to 90,
aud SOLD at the close again at 81. ST. Louis, Kan
sas Chy and Northern was steady, at about 431l
l3A. Concerning tns stock IL Is said tnat It's
streng h is due 10 recent combinations with the
Kansas Pacific and Union Pacific, heretofore de-
scribed IN this column. Inquiries from parties
supposed 10 lie informed result in the statement
that the contract between these corporations has
been ''signed, sealed and delivered" few days
win determine whether this be the truth. Mean
while more activity is displayed IN both the COM
mon and preferred stock.
THE SALES TODAY
amounted to about 100000 SHARES, the active
business being distributed as folloTs:-New York
Central and Hudson, l,40o; Erie. 1880; Lake
shore, 1880; Cleveland and Pittsourg. 500:
Northwestern, 600; do. preferred, 500; Rock
Island, lO.7oo; Pacific Mail, lO,3co; st. Paul.
2,Soo; do. preferred, 500; ohio, 21Oo; western
Union. 56,500; wabash, 10000; Union Pacific,
ss,4oo; c.. @. and /. G., 100; Panama, 1900.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest
a. IN a.