The New York herald., 1875-07-17
FINANCIAL And COMMERCIAL.
The Stock Market Firmer---WeStern
Securities Advancing.
THE MOVEMENT IN WHEAT.
Gold Unsteady-MOney as Usual-FOreign
Exchange Firmer.
WALL STREET,

The advance in whea,, and the succession Of
misfortunes IN England. France and Hungary
were the principal subjects OF discussion to-day
among those who are accustomed TO take large
views OF the commercial situation. Possibly
much OF the rise abroad and at home in this
product is owing to speculative influences, but
whatever augments our exports strengthens our
national resources and makes its power felt
among the humblcst Of producers. The latter
will act wisely II they avail themselves OF
the opportunity TO sell on so active a market
and thus secure what are certainly profitable
results. With wheat showing an advance
Of twelve or fifteen cents per pusnel in a week,
and ree buyers In the market from San Francisco
and England, to say nothing OF our home opera
tors, there Is every reason to LOOK ior
REVIVAL OF BUSINESS
In the West, and its correspondent reflection in
other portions or the country. Weeks ago IL was
evident TO those who accustomed to survey
the possibilities or the future that the autumn
would be rich with the signs OF prosperity. These
have come sooner than most of US expected, for q
mysterious dspensaton OF Providence IN making
ruin elsewhere has caused a demand here lor our
surplus crops thaC Will sooner or later rebound
the common welfare. How quickly Wall street.
with It's sensitive needle and compass responds
10 the expectation, as shown'by
THE STRENGTH TO-DAY
IN nearly every stock OF Western railroad. The
earnings OF some Of the lines already snow an in
crease. Rock Island for instance, is said to have
gained during the FIRST week in July $4,000. and
during The month Of June $4,000 The annual
statement OF Northwest Will also be ready
next week. and, 1t Is stated, will present an en-
couraglng exhibit OF gross earnings for the year.
Erie, too, II Its friends are to be believed, will
through It's receiver make such presentation OF
az vviiI 10 M Ivh
lre desirous OF seeing the stock wiped out. MIL
waukee and st. Paul are reported to be carrying
aouble the grain ireights OF last year at this tme
All these are encouraging incidents, and justify
ine hopeful outlook which our columns have long
maintained.
THE STOCK MARKET
The stock market to-day presented q somewhat
more attractive aspect than usual to those who
have been patiently awaiting a developments OF
Ereater 1rmness In several OF the Western secur-
hes 81. Paul common was notably strong, ad.
Vancing from 34A TO 35T, and closing at 35z; do.
preferred sold at So. Northwest rose from 3e% to
l0H, and ended on moderate transactions at 40.
Lake Shore stifened TO 597S, after opening at SO;
the close was 50G. Erie also showed signs Of ad-
ditonal interest, and moved from 1877 10 14X.
Pacific Mall on the contrary was barely steady at
B8A 3SX q 3S q 39H 1t being freely rumored tnat
The leading operator in the stock had withdra wn
and was disposed, for the present az least to let
IL take care o. itself. Western Union sold all day
between 7eA 7oN closing at 1917; Atlantic and
Pacific Telegraph at 1917 192l 1917. and Union
Pacific at 72X a 1871 a 721l Tx. Hannibal and
st. Joseph improved to PAX; Rock Island sold at
lO41< 1o4X; New York Central at 1o4 1881.
THE SALES TO-DAY
amounted TO 1os 400 shares, as folows:-New York
Central and Hudson. LOGO; Erie, 5000; Lake
Shore 215Oo; Cincinnati and Plttsburg, 9oo North
western, 1000; DO, preferred $50; Rock Island,
10; Pacific Mail, 20, 5oo st. Paul, $500; do, pre-
ferred, $50; uhios, 300; western Union, 4,20o I;
Wabash, 500; Union Pacific, 5000; o., G. and l. o.,
100; Delaware, Lackawanna AMI western, 700.
ADVANCE AND DECLINE.
The changes for twenty.iour hours are as fol-
lows:--
ApvANcE.-Atlanuc ana Pacific Telegraph, 4;
New YORK Central. q Erie, y; Hannlba and ST.
Joseph, u Harlem, 4 ; Lake Snore, q: Northwest
common, u; ONO and Mississippi u: Qulcksll-
yer common, !; Rock Island. u /; 81. Paul common,
~ do. preferred, 4; Western Union, Il.
DECLINE.-C, q. and l. c., u F.; Delaware and
tackawanna, y; Pacific Mall u; Wabash u.
other stocks were stationary.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highes
md Iowaat nricea OF the dnv.-