New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-10-26
SECOND BOARD. 1 r. VI.
SECOND BOARD, 12t NJ, AND 81 O'CLOCK p. NJ.
a1 Eoud.-L1rnnd EondA Bank and Rqlr0dd-tPr
TUESDAY, Oct. 25-P. N.

Mucl, surprise has been expressed In the
street at the continued heavness of the stock market
and decline In prices, it having been generally sup
posed that the operators who have heretofore sustained
the market would speedily to its support instead
of this we have had five days of an ebbin tide,
with scarcely interruption, and some alarm begins 10
be manifested among the spectators who follow clique
movements as closely they cam and who have made
their little ventures their faith In reaction according
to the policy hitherto followed The street Is fuii Oh
these small traders, who always upon keen scent
for ponts upon which to make brief turns in the mar
ket. In the present case the expected assistance
has thus far failed to come. and it is becoming
a serious question whether 1t will come UNI
iii a more positive break takes place. Hence
tho surprise and CONSERVATION among the SINAI hsh VINO
swim circles around the whales In the sea OF soock
speculation little reflection should satisfy those VINO
study the market that just such tactics as appear now 10
have commenced essential TO restoration Oh ac
tyity and the only wonder is that they have not been
adopted before There is scarcely stock commission
house I'm the street which does not complain OF the I'M
mtgated dullness OF the last six months. Ontsuers
have kept entirely aloof from the market ana the
brokers had TO large extent to themselves his
state OF things little acceptable to the bull eques as
IL to the commission brokers' for spectators in stocks
do not often buy up extensive lines without
tho expectation OF realizing upon them AFTER
carrying their loads for reasonable length
OF time Hence IL Is inferred that the leading operators
leaving the market itself for time. The decision,
the inference he correct meets with the approval OF
many intelligent men in the street, but the result will
not perhaps in accordance, with the expectations en-
teraned the decline is assisted by at least partial
sales of the stock accumulatons The market seems to
need further decline sufficient to attract buyers outside
OF the circle of wast Spectators and In this way Its
ris inertia may be overcome. 1t may be difficult for
large holders OF stock to realize this fully but in
OF time the correctness Of the position may be demon
strated
There a very unsettled feeling at the Stock Ex-
change this morning. operators seemed be puzzled
at the course the market believing in the chances
of rally while others took the extreme bear VIEW and
could not possibly temporary interruption OF
the decline. Between these opposing views prices osc
lated without any decided movement in either direction
until more active demand for money was reported
when the bear element took the lead again and kept 1t
until bank hoursprices during the time settling
down to the lowest point during the day. In the after
noon more hopeful feeling prevailed, and moderate
Improvement In quotations followed. The dealings have
been well distributed and the market ha already gained
somewhat activity by the change In prices recently
established The commission brokers begin to hope that
the dead lock" OF the market may be oosened, and
that time, the hacyon days Of stock speculation
originating outside OF Wast may return and restore
life to the business The leading features Of the market
were substantially the yesterday. The highest
and prices of active stocks appear in the following
table: