The New York herald., 1875-03-24
FINANCIAL And COMMERCIAL.
4 Reaction in the Stock Mar
kst and Prices Lower.
GOLD FIRM AT ll6 IA A ll6.
Money Abundant al ! and 4 Per Cent-GOy-
eminent Bonds Strong.
WALL SrsEEr,
TUESDAY, March 23-6 p. N.

IN connection with the stock market to-day
there Is little TO be added TO the suggestive fgures
hereafter quoted. The recent advance has been
followed by an expected reaction, and in pronta-
bly, realizing the customers OF the street have
doubtless received fresh encouragement. TO buy
again. That they will do so IS almost beyond per-
adventure, for the temptations OF the future are
fascinating and ull or promise. Whether the con-
dition be true or false is not matter OF conse-
ouence, or when man has taken IN a pro1t OF
ten or fifteen per cent he will be pretty sure 70
make lresn venture, and add to yhe pis inertia
Of speculation
The prevailing feeling is strongly favorable TO
aigher prices, aud the oc1ces or brokers are
scenes OF more active business than mas been
done for many mouths. Securities heretofore
aormant wiil 1t is SAID, soon become more lively,
and thus all along the line we are likely to have .
series OF speculative skirmishes. The following Is
THE RANGE PRICES.
western Union opened at 7eX, advanced 10 Tx,
md declined 165s. The close was made after
IN exhibition OF considerable business at 76Is IL
Pacific Mail opened at AK, ana moved steadily up
TO A3 ~ when 1t suffered rom realizing sales and
fell OF to 42H. Near the close, however, IL ad-
vanced TO 43 and ended at 42X. Erie was steady
II 26x q q 251. Rock Island sold at 1861
l05A. In connection with this stock the attention
OF the holders or sinking fund bonds Is directed TO
the fact given to Us that the company has resolved
70 call in sl5o.ooo OF the same, which they are
entitled do at los ana accrued interest. At any
tune pror the issue OF the cali 1t Is said that the
company are ready to pay the above price for any
pf the bonds that may be presented. Lake Shore
opened 1T TAX and receoed to FAX, but was gen.
orally steady. wabash ranged from l3h to 1917,
ending at the lower price Northwestern common
Is said TO be in course OF quiet manipulation, and
to-day was more active. 1t opened at 44's, ad-
yanced to As, and ended at Az. The secrecy at
tending the movements IN this stock IS exciting
considerable comment The preferred stock was
. trine stronger than yesterday. Union Pacific
was again leader in point OF interest, and so-
vanced from 53s4 TO 54't. 1t retreated slightly
nnoer pressure, but ended firm at 54x. Large
earnings are reported as the result OF increased
rates. ST. Paul common sold at 3o1s a 3e,I a 49,
rhe preferred closed at 81 bid. Ohio and Missis-
uppi was without much speculative feature,
opening at 27K ana ending at 27t@. Delaware and
Lackawanna sold steadily at lllX. c., c. and
[ C. ~ 6x 6I 5h. Hannibal and St. Joseph at
ss1 2aX 23A. Atlantic and Pacific Telegraph
at23H.
THE SALES
to-day we're again large and encouraging. We
note transactions In 3Ol, 900 shares, which are dis
tributed among the following stocks New York
Central and Hudson River, 800; Erie, 5000; Lake
Shore, $780, Cleveland ana Pittsburg. 200; North
western "A, 100; do. preferred SEQ; Rock Island,
$500; Pacific Mail, Ito, 300; 81. Paul, 3,30O DO.
preferred 100; Ohio, $500; western Union IS. 600;
wabash l5oo; Onion Pacific, so, 200; c., c. and l.
c., 500.
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest
and lowest prices oil the day