The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-11
FINANCIAL AND COMMERCIAL.
Stocks Unsettled--A Raid on the Market and
Prices Temporarily Lower
GOLD STEADY AT l16 So.
The Government Sale-MOney
and Bond Market.
WALL STREET,
THURSDAY. June I0-6 p. M.

THURSDAY, June lO-6 Il. M.
To-day, In its speculative events on the Stock
Exchange. has amply Illustrated the suggestions
recently made in this column that, unless man
Is capitalist ana can afford 10 lose money pa
tiensly and persistently Wall street is place for
him 1T the present moment. At no time is there
an established rule whereby he can secure profit
although there are periods when, on rising or
falling Market he may be tolerably sale in the ex-
ercise OF his Judgment. But just now one s liable
TO deception and disappointment every hour In
the day. This morning, for instance, prices were
nrm and for q time appeared to be advancing.
heavy purchasing movement was developed IN
Lake Shore, Western Union, Northwest, Pacific
Mall, st. Paul and other active securities. 1t was
Freely given out, and not without reasonable
iounoation, that we are on the eve or
cessation or the destructive antago-
nsm that has existed between the
Baltimore and ohio and kindred lines TO the west
A director OF the former road is alleged to have
declared that the fight would end in less than
two weeks. Hon. Reverdy Johnson Is accredited
with advice to an influential relative in this city
10 close up his short contracts in anticipation or
the sudden change that would follow suspension
Of hostiiities. and some OF the leading operators
are known TO have withdrawn their support Of
the market and o have counseed their friends
10 .'Seep hands on7' until the financial panorama
there occurred another or the sudden cyclones
that nave periodically swept over Wall street dur
Ing the last two months.
ACTIVE STOCKS
The following are the prices OF several Of the
active stocks :-Northwest and st. Paul were es-
pecially weak, the former declining from 80 TO
,614 for the common. ana from So TO 511S for the
preferred, and the latter from 1924 TO 3o3S for tne
common, and from SIS to "a for the preferred.
fnlln f~ana DNal Ic1n
rom 1929 to 1917, Union Pacific from tx to 1914
Western Union from 754 to 1917, ohios from 23h
10 22sS, New YORK Central from lo3A to 1927 and
Atlantic and Pacific Telegraph from 26 10 "a.
This stock is said to be the coming feature.
Pacific Mail closed at 32. after selling at 323S and
S3h. Erie ranged between 175s and tx, closing
Nl7I.
THE SALES TO-DAY
amounted to about 100000 shares, which
we're distributed among active securities as
follows New York Central and Hudson, $40;
Erie, $4,000; Lake. Shore, $4,000; Cleveland
and Pttsburg, 100; Northwestern, 17,3Oo do
preferred 600; Rock Island, 500; Pacific MAIL
1900; ST. Paul, 5000; do. preferred, 800; opios,
$3.50; Western Union, 7s,Soo; Wabash, 45o; Union
Pacific, $4,000
ADVANCE AND DECLINE.
The following are the changes Tor twenty -four
hours
ADvANcE-Union Pacific, X; three sixty-nve
DRcIfSE.~Atlantic and Pacidc Telegraph, x;
New York Central "a; Lake shore, ~ North
% ono a WSns MlSssspP wes,sr5 S0eE
ST. Paul preferred u Erie In London, u. Gold, u.
the securities that remained stationary were
c., G. and l. c., Delaware and Lackawanna,
Pacific MAIL Panama and Quicksilver
OPENING, HIGHEsr AND LOWEST PRICES.
The following table shows the opening highest