The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-06-26
New York Stock Market.

New YORK, June 25.-Wall Street.
Stocks were strong at the opening,
showing a gain of Il to "a, the latter
being Lackawanna; Western Union was
unchanged, also Pacific Mail and Union
Pacific. There was break of ok in
Pacific Mail during the first hour on ac-
count of rumors that one of the COM
pany's steamers had been lost. The
rest of the market after a slight rally
from the opening also became heavy
but the net declines amounted only to
u to q.
New YORK. June, 5.-Noon.-Stocks
have been active and strong during the
past hour for the general active list and
early losses have been recovered in
most cases. st. Paul and Lackawanna
were prominent for their strength and
are higher than at the opening. Pacific
Mail sold from 54H to sos. 1t has been
few, IRISH and active and now 1ss higher.
At noon the general market was active
and STEADY.
New YoRK, June 25.-9 p.m.-Stocks
were weak until about 2.45, when they
rallied a fraction, recovering in the
afternoon as rule while Jersey Central,
Lake Shore and st. Paul made fractional
gains. The market closed steady and
ScucldllN llliQWdy DOOWOCil J1O highest
and lowest quotations of the day.
New YORK. June 25.-Government
bonds are little more active and
strong, especially for threes and fours.
The principal feature of to-day's stot k
market has been a heavy break in
Pacific Mail, accompanied by very .arge
trans actions in stock. There were
rumois on the street early in the morl =
ing that the company had lost enc q
its steamers, and later in the day the
statement was circulated on the streets
that the City of Toxic, bound from San
Francisco to Yokohama and Hongkong
was stranded near Yokohama and max
ing little water. but that assistance had
been sent. After the opening, a shade
lower. at 5414, stock rapidly sold down
on rumor before anything defnite was
known to 505s that price being reached
in the first hour. IL then rallied in the
forenoon to 521s, and was active and
! teverish curing most OF the Afternoon
Fluctuations at the last mentioned quo
tation and 81 until. during the last hour,
| when il fell to sos when it rallied 10
and closed at 81 &, a decline of 25s per
cent. The general list was strong in the
early dealings and the market decidedly
active, especially for Changers, Wander
DllbS, l@cilAdN dAhdJ 1<OuAcNhAC " NASH
vile and Union Pacific. the total sales
during the forenoon amounting to 1872
600 shares. but a weakness in Pacific
Mail had depressing tendency upon
the market and quotations yielded a
fraction. During the afternoon prices
were comparatively steady, and business
was much more restricted until later in
the day, when there was another de-
cline, followed by a reaction, in which
the late Losses were recovered, the mar
ket closing at steady prices, generally
from n TO 4 per cent. lower than they
closed last evening The statement was
circulated early in the day denying on
the authority of the Vice-President of
the Chicago. Burlington d Quincy that
there was any truth in the rumor that
the company had secured control of the
Manitoba and discrediting the idea that
such thing was probable. The Chicago,
Burlington & Quincy made an advance
of per cent, which was subsequently
lost. The total transactions of the day
are larger than on any previous day for
more than one month past. The senti-
ment of the street continues bullish,
barring the influence of such news as
was received to-day regarding Pacific
Mail.