The New York herald., 1875-08-31
FINANCIAL and COMMERCIAL.
Stocks Depressed and q Feverish
Feeling Prevailing.
GOLD ia A ia Ia.
Money on Call Firmer-BOnds Steady-The
Situation in California and at Home.
WALL STREET, \
~ a ~

WALL STREET,
MONDAY August 500 p. NJ
desperate attempt made to-day depress
stocks The leading operators taking advantage tho
fever that has been engendered by tho failures San
Francisco and Baltimore led the market in sales, and a
feeling Of unrest thereby quickly communicated TO
their followers, who threw overheard thousands OF
shares, and instances loss The move
uent however, has attached TO it all the symptoms OF
raid" In the early hours of the day it reported
lint heavy loans had been called in from certain
spcculator Later it passed from mouth TO mouth
Ihat the banks Baltimore in trouble as
consequence of the sugar failure of Stirling Ahrens
Co. Still later, the statement was current that mis-
Ortune hanging over several OF our principal
Sankng houses In short, the most
DrscouRAGSG RuMoRs
vore set aoat and but for the caution conservatism
Of some Of the principal brokers there might have been
response TO these efforts that would have turned out
most damaging the best interests OF tho street These
rumors amount nothing. They arc merely the
weapons of speculators Dispatches from Baltimore
arc 10 the effect that the banks of that city will not
Yuer from the msfortunes which have there occurred
Late advices state that 'there foundation what
,ver for the rumors started in New York. Everything
quiet The rumors concerning called loans likewise
urned out to be largely exaggerated and the whole,
hiking into consideration first tho evidence and
econd the interests OF the financial institutions OF the
country there is good for the assertion that
svery effort will be made by capitalists general
disaster They cannot afford II after 1873 and
prevention is within their power In connection with
local affairs that the book publishing firm of
Lee, Shepard & Co. and the gentlemen's furnishing
house Of Union Adams Co have been obliged to
cumb. The news
CALIFORNIA
soday is that the Merchants Exchange Bank and the
National Gold Bank and Trust Company did open,
Is was expected Both institutions require aid and II
q is not Immediately forthcoming the disappointment
s doubtless the tardness of confidence and the
natural that attaches the general situation
The dispatches by no means discouragng, and If
General Sheridan, who has tcegraphed to the Union
National Bank OF Chicago, be good judge of the stua
non ''therc grounds for the apprehcnsions
.eraincd in the East for affairs the Pacific coast"
From the annual statement balance sheet of tho
AngloCalforna Bank Qmited, to be presented to tho
stockholders their annual meeting in London tomor-
row august 81 appears that the subscribed capital
Is So OOO on which f1O share $50 has been
paid up, giving working capital OF ST. 500 600
On this the dividends for the year ending
Juno 30, to which date the statement Is
made up four per cent paid March and five cent
proposed TO be paid September. There authority
for doubling subscribed capital TO So 900 0o0 The
bought out organization the old estab
lished business of the Messrs Seligman, San Fran
rsco and placed Ex-Governor Low in charge chief
manager The London directors are Messrs. Hugh
hcCuloch, Isaac Seligman, f. H. Lushngton, W. f.
schoncld, J. Sebag and l. sngton.
THE
Stocks were heavy and irregular, yet active, the
transactions amounting about 49, 600 shares. The
leader was Western Union, it closely followed
by Lake Shore, Pacific Mail and Northwest common
The chief point OF assault the former which, after
an opening at s3s rcceded sO1s with closing prices
na.aH There arc not few who look for lower
prices in this security, but equal num-
Der declare their faith in two per cent stock
and to the price recede in order that
they may the property. The rest Of the market
was sympathetic Pacific Mail declined from IS TO 81
ending at s71S Union Pacific sold down from 741s to
72a72< Northwest common, declined from Al s. to 40,
closing at 4O do preferred ended at 5475, after sales
at 56l1 So Rock Island sold at los 107l4; Ohio and
Mississippi declined from 10 1sss closing at the last
namcd price; Erie was exceptionally firm 16sS 16<;
Lake Shore fell or from 81 to 60; ST. Paul ended at
36X, AFTER selling at 3714: Hannibal and ST. Joseph
closed at 221< Atlantic and Pacific Telegraphic closed
loa after sales 81 The other changes unm-
portant and will be found below
ADVANCE AND DECLINE ''
The changes since the closing prices of Saturday
rc follows:-
ADvAScE.-Erie, -; gold, 1si Ere IN London, II
DECLINE E-Atlantic and Pacific Telegraph, l New
York Central q G., c. and l. C., Il Delaware and
Lackawanna, q Hannibal and ST. Joseph, =; Lake
Shore /; Northwestern common, ~ do. preferred,
q; OHIO and Mississippi a Pacific Mail n Qucksil-
YER q Rock Island, - 81 Paul common l; Wabash,
a Union Pacific "a Western Union, 20; ST. Paul
preferred, Ia.
srEADY.-Atantic and Pacific preferred, Harlem,
Panama Mariposa and District OF Columbia g. 65
bonds
THE TRANSACTIONS TODAY
amounted to 136 900 shares, which were distributed
among active stocks folows:-New York Central and
Hudson, 200; Erie, $500; Lake Shore, 17,5oO North
western IL 6Oo do. preferred, 3,2oO; Rock Island,
l425; Pacific Mail, II 500; ST. Paul, 4s5O; do pre-
ferrcd, 100; Ohios, 1000; Western Union, 65,9OO;
Wabash 200; Union Pacific, 2 100
The following table shows the opening, highest and