The New York herald., 1875-07-01
FINANCIAL AND COMMERCIAL.
Stocks Dull, but Firm---An Advance
in Western Union.
GOLD DECLINES TO 11e 7-s.
Money as Usual-Investmen Sc
curities Strong.
WALL STREET.

WEDNESDAY, June 80 T. NJ.
Mich diversity of opinion attended the close OF
the market to-day but 1t was evidently not incon-
sistent with the purposes OF those who are seek
ing to establish a short interest as nucleus for
higher prices. We do not propose TO give reasons
why one stock has advanced under personal man.
agemeut or another has receded; but we do
recognize the fact, taking the official quotations
as guide, that nearly all securities good and
bad, resist depreciatinR efforts more successfully
now than they Old ten days ago. In itself this Is
Rsymptom OF strength. and IL warrants reasser-
ton OF the thought that II the crops Of America
are good and our exports are enlarging-wnlch
ls true-if our railways are saving money our
merchants are conservative, our manufacturers
are augmenting the wealth OF the land anu our
farmers and planters are feeling
THE INsPIRATIoN OF A NEW ERA
OF success then there is good reason for the reap
pearance in the field OF Investment OF tnat large
class who are content to trust thelr surplus
earnings to the vicissitudes OF speculation. IL is
not to be denied however that many reactions
may occur in which those VINO are not most
pa lent VIII feel tnat they nave Deen sacrinced;
but In the long run, II there be any suggestive
force In the growth OF the country, the re-estab-
nsnment Of faith, the resdency OF our national
urengtn and credit, the growth, elasticity and
adaptability OF our people, those who take advan-
tage OF the opportunities OF the present hour will
reap reward. Money Is easy. Good stocks and
bonds are cheap. Our government securities are
like god at home and abroad. Bad weeds
have been cut down and threshed
out. Our present offerings to the Old
World are without taint and subject
to new conditions. In short, America shows its
recovery from the hysteria OF speculation, and,
with our low prices and fresh start. there Is no
good reason why. looking months and
years ahead, we snail not feel the
revivifying influences or renewed conf
dence and enjoy the commercial strength that
belongs to renewed international faith. Of
THE LOCAL STOCK MARKET
to-day little more may be written than is required
TOR description of prices. The leading feature
In point OF activity was Western Union, which
advanced from 7s to 79%. the highest price being
established near the close 1t is said that the en-
tire per cent currency loan OF 1000, 900 mas now
been taken. Lake Shore showed more activity
than strength, but It's friends are predicting
higher prices as the result or meeting or the
Executive Committee tomorrow, ut which 1t is
expected that q dividend Of ~ per cent, more or
less, will be declared. Tne promise OF Commodore
Vanderbilt that ne would pay to stockholders
whatever the road earned has had much to do
with the prevailing nrmness or It's stock. Its
prices to-day were 617S e2H 61X. Erie ad-
vanced rom lS1 to 145< closing at 14,S, at which
ngures good buying was developed Northwest
srn common sold at 3es< 401< 3oA; the pre-
TERED at soy SIX 5O7S. Ohio and Mississippi
was steaoy az 2S1s 2Ss.. St. Paul common sold
at S3X a3N q 33Z. Brokers recently returned
from Western tour report nearly all the Western
lines in good condition, the farmers sanguine and
grassnoppers myth. Enion Pacific sold at rex
7eI. Pacific Mail was featureess as regards
changes in price. the range being from s9T TO
Az, with a close at s9X. Other values win be
iound below: -