The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-16
FINANCIAL and COMMERCIAL.
A Strong Stock Market
Prices Advancing.
LARGE ENGLISH FAILURES.
Gold ll6 "a ll6 Mooney Easy at Recent
Rates and Foreign Exchange Steady.
WALL STREET,


The course or the market to-day verihes the
comments that have recently been made concern
Ing IL In this column. Although more or less or
duness prevailed owing TO the absence oil many
D the operators, prices were generally strong and
rewarded those WHO confident enough to
hold securities through the late decline. A hrmer
andertoEe was also felt, aud many brokers were
encouraged by orders from outside buyers who
doubtless recognize the present AS q good oppor-
tunity for investment notable advance TOOK
place In 81. Paul common. which opened at 81,
after selling yesterday at 80. and moved up to and
closed at 32H, with large demand from the West.
The preferred stock sold at So q $50. Union Pa
elnc was like wise one OF the firm features rising
rom TAX to 1874, the last price to-day. The state
nent or April business 10 published elsewhere.
Northwest common sold at 371 SO; Pacific Mail
was comparatively steady at 33H 333S. The
meeting OF the Executive Committee announced
for to-day was postponed until tomorrow. Lake
Shore was active and sold at 6Sh TO 63S. the last
being the closing figure. Western Union moved
from TAX to 76, ending at this price. 1t is init
mated that some
NEW COMBINATIONS
win be made In this STOCK ut an early day, but
concerning the immediate effect upon its value
little can be learned New YORK Central sold at
l04 1887. Inc New York Central and Union
Pacific transfer books FOR the quarterly dividend
closed this afternoon, and IN the late sales those
stocks sold ex dividend. the former per cent
and the latter 11s Kansas Pacific advanced per
cent. from IS to 10. New Jersey Central made the
greatest advance, selling at lo7 1o0A closing at
l09k.
telegram fiom Philadelphia that the Read
ing road had not yet passed Its dividend had
something to do with the rise In New Jersey Gen.
tra, for the same reason that the contrary re-
port yesterday caused decline III the stock.
Should the company be Obliged TO omit this dlvi-
demo it would be mainly on account oil Its large
advances to the Reading Coal and Iron Company,
whose bonds it guaranteed TO the extent OF about
$n,000.000
ADVANCE AND DECLINE.
The following are the changes since the close
yesterday
ApvAGcE-Atlantlc and Pacific preferred. u;
New YORK Central, "a; O., Q. and /. c., u; Deia-
ware aud LacKawanna, u Hannibal and 1T.
Joseph, "a Harlem, Ia; LAKE Snore, -; North
Panama, !; Quicksilver, common, u; Rock Island,
u; ST. Paul. az; Union Pacific, TX; western
Union, x: ST. Paul preferred. l.
DEcLINE.-Erie In London. u.
Pacific Telegraph. Ene Pacific Mali, Wabash,
three sixty-fve bonds and gold.
THE SALES TO-DAY
were less than 100 900 shares, winch were divided
among the most active securities, 4s follows:-
New York Central and HUDSON. 572 shares; Erie
$500; Lake shore, 20. 700; Northwestern, 1906 do
preferred. 1000; Rock Island, 400; Pacific MAIL
11.Ioo; ST. Paul, 1900; do preferred, COO; onios
1850; Western Union, 2l.Soo; wabash, 1000;
Union Pacific, 1850.
HIGHEST AND LOWEST PRICES.
The following table shows The opening. highest