The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-05-21
FINANCIAL AND COMMERCIAL.
Stocks FGyerish, Prices Unsettled and Specu-
latiOn Active.
MONEY EASY AT 2 IL AND 8 PER CENT.
Gold Firm ut lie 1.-THE Government Sale
Bonds Generally Steady.
WALL STREET,

THURSDAY May 20-6P. M.
There is comparatively little change in the
financial situation. The stock market Is Btlll
feverisn and unsettled, and the fluctuations OF the
day were not calculated 10 remove the feeling
that several securities Will show a further
decline. large short interest is yet uncovered,
and is represented by class OF operators whose
means permit them 10 successfully Withstand a
merely spasmodic reaction. The latter has been
expected during the last forty-elght hours, and
may occur at any moment, vet the undertone
among tine bears Is so strong, and grasshoppers
and other influences are working iavoraDly In
behalf oil the ority OF spectators that 1t is i'm
possible TO predict results. AT the opening to-day
prices showed decidedly downward tendency.
subsequently they railled and promised even ad-
ditonal strength, but the close they again gave
indications OF a want OF confidence and ended
considerably lower than the best prices oil the day
THE MARKET.
'rne largest business was done in Erie, which
opened at 3d. sold down TO 2lh 21A, then began
TO rally, moved up TO %, and ended at 22A. it
was assigned as a reason Tor the reaction that the
"shortsn were induced to cover by prevalent ru-
mors that AZ, 600 shares had been ordered TO be
purchased ON London account. Pacific Mail.wa
next actlve-some SO, 900 being sold-and tell on
rom $50 to s61S, ending, after a recovery TO 37h,
at 364. 1t Ii said that considerable "short'' In
terest has been made at these prices. Lake SnoIe
sold at 6714 a 675s a 66iS, closing at 67I4. The
street diagnosis concerning this security is mixed
Western Union ranged from 771S to T6a, and
closed at 7e5s Northwestern common opened at
80 y, sold or per cent and ended at 3SA. st.
paul common rallied from 391 10 3514, closing
at SO. Missouri Paclnc ended at 81 wabash sold
at sa< 50. a Q. Hannibal and 81. Joseph ended
at $780, Atlantic ana Pacific Telegraph was steady
1t FAX 25 Rock Island receded from 1928 to
lo2 and closed at 1921.
ADVANCE AND DECLINE.
The changes during the last tweny.four hours
are as folloss:-
ADVANCE. Harlem, /: Quicksilver, "a; St. Paul,
preferred u; Wabash =.
DEcLINR-Atlantlc and Pacific Telegraph 70;
Atlantic and Pacific preferred, -: New YORK
central. IL; O., &. ana !. G., al Delaware and
LacKawanna, /: Erie, 81 Hannibal ana -. Joseph,
u; Lake Shore. "a Northwestern common. q;
ohio ana Mississippi, "a Pacific Mali. ! u; Rock
Island. "a st. PAU common, y Union Pac dc, u
western Cnlon q; New Jersey Southern, ~;
Missouri Pacific, IL Erie, IN London, ~.
THE SALES TO-DAY
amounted TO SD, 900 shares. winch were divided
among the most active stocks as follows:-New
York Central and Hudson. 1875; Erle 90, 600;
Lake Shore, 49, 500; Cleveland and PittsDurg. 200;
northwestern $4,000; do. preferred, 600; Rock
Island 0 500; Pacific Mail, So 5O0 st. Paul. 4,eOO:
DO. preferred, 900; ohio, e,4oo; Western Union,
$500; WABASH, 5000; Union Pacific, $500; O., q.
and L O., 400; Panama. 100
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest
If he