The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-17
FINANCIAL and COMMERCIAL.
Settlement Of the Railway
War.
STOCKS GENERALLY FIRM.

" ALL STREET,

WEDNESDAY, June los l.. M.
ON account OF the yaent race there was quite a
anm attendance at .ne Stock Exchange yesterday
and the volume OF business accordingly was not
large Prices In the main developed ali advancing
tendency. and tie cheerful trade prospects
seemed 70 inspire confidence IN better figures in
the near future. The stories set anoat by inter-
Rsted parties day or TWO since, that the Reading
Railroad mad passed their dividend, had SEMI
authoritative denial yesterday from Philadelphia
IL was said 70 be barely possible that the usual
dividend would be paid In August instead OF July
lnasmuch as under their charter the company
could not pay any dividend unless actually
earned, the directors becoming individually
liable by any such action The near settlement OF
the mining troubles, however, leaves but little
doubt that all The great coal interests, botn In the
schuyIKlll and wyoming regions, VIII soon assume
Imore cheerful and encouraging outlook. In this
market the good dividend paying stocks, such rs
Western Union, New York Central, New Jersey
Central ana Delaware, Lackawanna and Western,
are being gradually absorbed by bona fde inves-
tors, VINO pay for their securities aud carry them
,ut OF the street, caring little for the
ARTFUL JUGGLERY
Witch depresses without reason and inmates
without basis the stocks daily banded as foot
pals on the Stock Exchange This may account
,or the hrmness or many Of the above quoted
dnanciers that II even poor Pacific Mail could be
Rerrymandered into bankruptcy and receiver
appointed. as In the case Of Erie, the STOCK would
largely appreciate, "a the public would have faith
At last IN honest management and would come
forward 10 support O property which mas been
well nigh con1scated by Rnavery, ana only needs
good management to place IL on divIdend-pay-
ng basis. To-day we have rumor that Panama
has made an arrangement for remunerattve traffic
With Pacific Mail; tomorrow IL may be contra
aicted, and so tue bulls ana bears play shuttecock
and baitledore with tae property OF our citizens,
II is time such financial antics should cease. The
course or the market is indicated by the following
CHANGES
ADVANCE AND DECLINE.
ADvANcE.-AIlautlc and Pacific Railroad pre-
ierred, "a Delaware, Lackawanna and western
Railway, s.; Quicksilver, q; Union Pacific, y;
Western Union i ST. Paul preferred y golc,
"a; Ere In Lonuon, u.
DECLINE Hannibal aud IT. Joseph, Z Lace
Shore, Il; Northwestern common. "a; Paclnc
Mail, y kcck Island, y; Toledo and WABASH a
The stocks which remained stationary were
Atlantic and Pacific Telegraph. Central and
Hudson, c., q. and |. c., Erie, OHIO and Missis
sippi Panama and ST. Paul There was no change
N the loaning rate OF gold.
THE SALES TO-DAY
we're In the neIghborhood OF 10000 shares. prtn-
rIpally divided among the active list, as follows:-
New YORK Central and Hudson River, 4So; Erie,
1900; Lake shore, 47,40o; Northwestern. 200;
ao. preferred, 700: Rock Island, 200; Pacific Mail,
100; st. Paul. 100; do, preferred, 400; onlos,
Loo: western Union, $500; Wabash, 2,025:
Union Pacific, L, 500; c., q. and /. c., 800.
THE HIGHEST AND LOWEST PRICES.
The following table shows the highest and low
aar nrfces OF the day.