The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-20
Stocks Irregular and the Market With
out Undertone.
GOLD 119 Ia A 112 Ia
BONDS GENERALLY FIRM
WALL STREET,

WALL STREET,
TUESDAY, JAN 1916 p. NJ
8 ocks 0day were active, but the results were
such as TO forbid safe prediction concerning tho
was followed by reaction; yet IN both phases there
was an exhibition OF exceptional conditions. That
which was expected to advance receded; that
which was expected to decline advanced, and
consequently the close was ate nded ny the same
unsettled and uneasy feeling that has waited
upon last prices tor several days. AS yet there
no undertOne worth describing. The quoted
figures are ephemeral, facts are disputed and the
agencies at work to produce an advance or de.
cline are variable and so apparently an
tagonisttc that 1t b useless to measure
the situation from any general point OF view be.
yond shis-and 1t has been frequently stated
that distrust prevents the outside buyer from
coming IN at present low prices and by free pur-
chases, adding strength to the market.
THE RANGE OF PRICES.
The most active stocks were Western Union
Lake Shore, Ohio and Mississippi Northwestern,
Wabash, Pacific Mail and Union Pacific. The deci-
in the Lake Shore injunction case being post
poned large short sales " ere made on this point
western Union opened at 72X, declined to 72x,
but advanced and closed at 73Z. Atlantic and
Pacific Telegraph receded from "a to %, ending Mt
22H. Atlantic and Pacific preferred sold al 10.
to 2sK and closed at 2SX. Union Pacific sold
al 3sk a8ex 36h. New York Central, at 1Olh
1O1K a lo1h. Pacific Mail. at s4X a s3x a a. Lake
shore, at 73K 7szs a 70 73x. Northwest COM
mon, at AK As a 431 ~; do. preferred, at 81
q 59z q co. Rock Island, at 1O2A a 103 1927. st.
Paul, at 37X a SIX SIX. Wabash receded from
171s to 15A, there being no subscriptions to the
bonds recently offered, but closed at l5X. Ohio
ana Mississippi ell or from 29A to FIX, reactlng
at the close to 281. Hannibal and st. Joseph de-
clined from FAX to ~. Delaware and Lackawanna.
opened at l07X and closed at 1OS. An analysis OF
the foregoing changes VIII show how irregular
we're prices and how Impracticable IT Is to apply
to them any observation that fifty describes the
general market.
ADVANCE AND DECLINE.
Compared With closing prices yesterday. those
OF to-day show the following changes:-
ADvANCB-New York Central, u; Delaware and
Lackawanna, y Hannibal and 81. Joseph, x ST.
Paul u; Union Pacific y; Western Union' ~.
Telegraph, x gold, x Erie IN London, u.
The stocks tina. remained steady were Atlantic
and Pacific preierred. O.. O. and l. O., Harlem
Lake shore, Northwestern common, Northwestern
preferred, Panama, Quicksilver and Rock Island.
THB SALES Q
Of active stocks to-day amounted to 21a 900 shares
western Union, Lake Shore Northwestern COM
mon and Pacific Mail were dealt In to the largest
extent The transactions were distributed as fol-
lows New YORK Central and Hudson, LOGO; Erie,
1900; Lake Shore, $4,000; Cleveland and Pitts
burg, 300; Northwestern, 19,40o; DO. preferred
l,5OO; Rock Island, S,So0 Pacific Mail, 27,2Oo; St.
Paul, $500; do preferrea 900; ohios. 1880; West
srn Union, Sc, 500; Wabash. le,lOo; Union Pacific
400; c., G. and 1. G., 100; Panama, 100.
OPENING, HIGHEST AND LOWEST PRICES.
The followl table shows the opening, highest
and loves II prices of the day:-