New-York daily tribune., 1858-11-15
SATURDAY, Nov. 1872. II.

With rome irregulari,y ard occasional spasms Of
frmness and hesitation the Stock Market decin
rg one for the day. and the feeling was particularly
blue and despondent until just at the close OF the Second
Board and Immediately after the adjournment, when
some of the leading bull operators came n as free
buy aud succeeded not Ony in arrestng the decline,
but in partially turning the cnrrept OF prices IN aa OPP
posiie direction. This Improvement Was 10 some in
sta, ces lost again III the aiest transactions of the
afternoon. Under ordinary circumstances, the qnota-
tions ruling for some of the leading Railway
shares would tempt lively speculation for the rise,
with such facilities for carrying stocks as are offered by
the ABUNDANCE Of MONEY but the arguments which are
generally relied upon 20 induce purchasers SO pal pa
bly, lacking and business prospects for the Winter are
so unpromsng, that they who believe in the in
trrsic oheapuess of the stocks ami the certainty OF
better results the country ti0ws off its lebnrgy
and busness prostra,i"n, hesitate to bny with the
necessity of running the gauntl't through
months Of sagr alton and declne-uot that they have
any the less faith ID the real merits of the stO ,ks and
III the eventual results but because the calculation of
chances, based upon knowledge of human nature,
suggests the possibility, II lot probability, of buying
al lower prices, under the continuance of adverse
traffic returps. The caprices OF speculation the
saes Of the bears tee c"rnerng operations of clues,
nay ard very probably will, create reversals OF movs
nert, brisk rallies ana temporary buoyanc ba per-
maDeIt and substantial improvement in stock values
must after all, depend up the evidence OF prosperity
which the works der consideration furnish in prac
tical operation Nor will statements Of business for
year two pas which are occasionally paraded for
public Inspection, seve to conceal the unsatisfactory
features of the present, or more than temporarily
mitigate their effects upon the market. People have
l..
and SO n,ucn the sufferers III pecuniary way by in
ves,mer,s in that description OF property, that every
unavorabe cumst ance exercises undue influence
while rothi but actual present prosperity satisfy
and inspire confidence. The dealings of the day
not unusually arge in any particular stock, an the ag
gregaie Of business at both Boards did not ed that
Of other days of tle week. although at the Second
Board there considerable ac'ivit for an afternoon
session IL Now-Ycrk Central the days Transactions
embraced about 3, eco shares the quotations opening
at s2; rsying slightly daring the call al the mornings
Board bot toward the close settling down 10 S2i al
" whch price the last sales of the registered business
were made. Reading declined to So during the day,
but displayed the same under OF strength hereto.
fore otoeja feature Inch hiss rather puzzled ,pers-
tors who have counted upon its sympathy with the
rest oi the market for active speculative stocks The
Philsdelphsns It's prominent supporters and il s
stated that quite "a large amount of stock has been
take out of the street by them. The cash stock is
scarce, aud large differences allowed N Contracts at
the option of the seller when the bears show grea,
eegeIless 10 put cot. There was fair business
dore IN Michigan Southern shares, q. declre
for both classes, the Guaranteed exhibiting small
impgovemtlt at the Second L arj. Galena aud Rock
Island underwent slight fluctuations, the d-y's opera
tons - registered sales resulting in fraciions I'M
proveu ent ID tie former and small declue in the
latter Late in tie day. transactions in Rock Island
na at further concession TO buyers, tue stock
closing a 63i to 63t Mebigen Central we"t down 10
81 ~ the First Board, bat frmer the oS pro
p,e,scd AMI tie afternoon od 52i closing ths;
~ ice bd. Hudson River q the ,teaiies. stS ks
on ~ s and is ore Of the very few which have main
tsrcd quotations: The afternoon price 33. which
i. an advance q over figures ruog Cor several diys
rast. Harlem Preferred well sustained, bgi not
active: the commen stock declined T. cent. Iino.
Central touched 7s in the morning, but advanced
the Second Board anl was in fair request. Pacific
Mail a.so shows Sd improvement. over Iansaeteus