The New York herald., 1875-09-23
FINANCIAL and COMMERCIAL.
The Stock Market Feverish
and Lower.
GOLD 1l6 3-4 A 1l6 IA A 116 1-2.
Government Bonds F;rm--FOreign Exchange
Dull, but Firner-MOnev on Gail
2 and Per Cent.
WALL STREET.

WBDSxyDAY, Sept 22-6 T. b.
Every days experience the stock market is one OF
Increasing distrust Cheap they seem to be, secur-
ties are right and left offered for salo without other
buyers than those who may havo been on the short
Sidc a few among the chronic bulls who are patient
enough to ''wat the good time coming" For such
Tiocks as New York Central, Delaware and Lacka-
wanna Rock Island, Fort Wayne and others, which
have steadily pursued their way without default the
future Is all bright The investors in them are solid
men. But for the ancies, the non-dvidend pay
Ing securities the class of bubbles that havo been
blown up only to collapse, the condition Is purely
speculative and whatever strength weakness they
manifest is the work of manipulation. The truth Is
that men are unable to the bottom OF things and
the lessons OF disaster too fresh in mind to mako
even tempting bait attractive Months OF steady de-
cline exposures OF rottenness and revelations OF fraud
have bred suspicious that surround almost every stock
which show clean bill OF health and every
pany which dare not publish to tho world balance
sheet from fear OF bad results When reports that bc
long the great community of stockholders with
held further the of directors and allow
cessfu speculation only to themselves and friends 1t is
but natural that the great outside public should take
alarm and shun Wall street rs they do post house.
STOCK SAHKBr
was feverish and as will be below, the tendency
was downward notwithstanding the occasional slight raj
lies OF the day. The transactions likewise show falling
or The principal business done in Lake Shore, Of
which some e5, 900 shares changed hands between
64k and 53k, with the closing price 531s bid. Erie
was next most active, and sold down from Tx to
7GA-the extromes OF the day. The preferred stock
was quoted at 40 the call with subsequent sales ut
s25i Tho comments of London papers on Sir Edward
Watkins report will be found hereafter Pacific Mail
was heavy and rcceded from 36H to 35K, the closing
price, Northwest common receded from 39B to 10,
ending at 39H; do preferred 54H u 54H 54A. St.
Paul common sold at 35x 34h, the last being the
closing price; do. preferred at 63A 64A 63K. Ohio
and Mississippi declined from 16H to 15H, the lowest
price in its history Western Union ex dividend sold
ut 76k 76H a 75| 75H the rumor being industri-
ousy circulated by tho bears that some negotiations
would soon be reopened between Atlantic and Pacific
Telegraph and the National line Of California
AS the latter since the failures in San Francisco has
shown only paper existence, it Is well enough to
wait while before sacrificing per cent security
30 what may be candrd The changes in other
stocks were unmportant
ADVANCE AND DECLINE
The changes in closing prices, compared with those
Of yesterday, arc all on one side, and show
pas York
fake Shore X; ST. Paul, X; Delaware and Lacka.
wanna, X; ohio and Mississippi y; Western Union,
q; Enc, Ia
The stocks unmentioned remained stationary.
ACTIVE STOCKS.
The transactions the Stock Exchange to-day aggre
gated 1s7, 900 shares:-New York Central and Hudson
River, 4s5; Erie, 34e5o; Lake Shore 64,soo North
western 300; do preferred, 700; Rock Island 200;
Pacific Mail, 13,4oo; St Paul. 1000; do preferred.
l2oo; ohios, 10000; Western Union, Sl,49o; Union
Pacific, 500.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and
of the