The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-19
FINANCIAL And COMMERCIAL.
The Stock Market Observation-Disclosures
in London.
GOLD FIRM AT 116 3-8 A ll6 IL.
Money on Call Abundant at from
3 to 5 Per Cent.
GOVERNMENT BONDS STRONG.
WALL STREET,

WALL STREET, I
THURSDAY, March 18-6 p. n.
London advlces to-day reported the failure OF
the General South American Banking Company,
Limited" with capital OF f600, 900. The an.
n0uncement has followed close upon the misfor'
tune OF lmthurn IL Co. and their relations, the
Slordets. All these parties appear 10 have been
In some way connected. whether such be the
case or not, however. the Bank OF England reports
gain OF f22s 600 for the week and f4O 900 Tor the
day. The market was dull and uneXctted, ana the
proportion OF bank reserve to liabilities which
was 80 per cent last week Is now 40H per cent.
1t does not appear. therefore, that much excite
ment has been caused by these misfortunes or
that they are more than mere
COMMERCIAL EPISODES,
such as we have frequently had occasion to record
ltnce the panic OF course nobody fails but
somebody suffers; yet, SO far as our own market
% concerned 1t is O subject OF congratulation
that distrust has been only temporary, ana no
evil has resulted. We find that in London quota.
lions are about the same as yesterday, to wit. -
consols Tor money. 92a< a s2X; do for account.
s2X %; 'e5 bonds, old, lO7X q 1O71s; 'e7 do.
lo7h; ten.forty do, 1903; new ives, 103H Erie
"a PAX. 1t Is not improbable that II further In
cldents OF this dsagreeable character should occur
CONSIDERABLE COMMERCIAL DISTURBANCE
viii result, but IL Is 10 be hoped that we have
reached the END. Our own markets were duu.
Stocks were irregular but according to Western
kilograms wheat was active and gives promise Of
further advance, in which event railroads win be
the gamers. The directors OF Rock Island this
morning declared q semi-annual dividend Of four
per cent, payable on the 27th Of April. The books
OF the company Will close on the 6tn OF April The
specie In the Bank OF France has increased during
the past week 1906 600 francs. Rentes At Paris
are quoted at G4.s7H. Five-twenty bonds OF 1852
are quoted IN Frankfort at an advance OF y per
cent, or ooh.
THE RANGE OF STOCKS
was as follows:-New York Central opened at
1907. receded to 100 and ended at the latter
figure. Erie was comparatively quiet at 2eH 2eK
a2eH. Lake shore sold at 7sN, but yielded to de.
preston and closed at 1871. Wabash opened at ~,
but still holds doubtful place among speculative
securities, and went OF to 11h, with close at
Tx. Northwest common receded from ASK to
AK, with close at AK. The preferred STOCK
opened at SIX and declined 10 56H. Rock Island
was firm at 1861 q 1865. st. Paul common sold
at 35h 364 o 35A. The preferred stock ended at
b4h Ohio ana Mississippi ranged from ~ to 26X.
Union Pacific sold at 494 49x ASK Ask. e.,
q. and !. O. ia still quoted at 6A 6K. Western
Union went or from Tx one per cent, and closed
at rex. Pacific Mail receded from 80 to 87H, with
close at s7%. Early changes in This stock are
the subject OF street gossip. Panama sold at lax
a ia. Hannibal and st. Joseph common declined
from % to 22K, ending u better. The preferred
stock sold at BY. Other quotations win be found
elsewhere.
THE ADVANCE AND DECLINE
Compared with closing prices yesterday those
Of to-day show the following changes:-
ApvANoE.-Delaware and Lackawanna, Y; Har.
lem, u; wabash. q.
phctisEs.-Sew YORK Central, <; Ere, X; Han
nibal and st. Joseph, 4 ; Lake Shore, u; North
vest x; Ohio and Mississippi, q; Pacific Mail, /;
Rock Island, n; ST. Paul. u; Union Pacific, X;
Western Union, X; Atlantic and Pacific, ";
Northwest preferred, y.
The stocks that remained without change were
c.. q. and l. G., Panama, Quicksilver and gold.
THE TRANSACTIONS
amounted to $4,000 shares, which were dis.
tributed AZ folows:-New York central and Rud.
son, 800; Erie, $500; Lake Shore, 1900; North
western, $4,000; do. preferred, 500; Rock Island,
1900; Pacific Mail, 42,soo; ST. Paul, 1900; Ohio,
1900; Western Union, %, 300: Wabash, 1900; Union
Pacific, SO, 500; G. c. & l. c., 200; Panama, 200.
HIGHEST AND LOWEST PRICES.
The following table shows the opening, highest
~ = ho DIV