New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-05-26
THURSDAY. May 25-P. n.

The stock market continues to give indica-
tons that it ia controlled in its prices mainly by the
operations Of cques, who take up In turn particular
stocks and manipulate them for the rise; and with the
facility for obtaining cheap money, which seems likely
to continue Indefinitely they find no difficulty whatever
in advancing any particular stock without the iast re-
ference s intrinsic value so long as they are able and
disposed to buy but when they attempt to realize pro-
fits by liberal sales down goes the market and the real
zing bulls become buyers again in order to keep
up prices and not unfrequenty they are compelled to
take In more stock than they had sold TO steady the ma
chine again and give the market the buoancy necessary
TO keep up confidence. So while In many instances
prominent bear operators have doubt been ab TO UNI
load at handsome profits Oh the whole 1t may be doubted
whether the bull ciques are not to-day carrying ID tho
aggregate as many stocks at any time since the com
mencement Of the upward movement The bears IN inc
mean time talk loudly Of what they call the a-urdy
high prices at which stocks selling, and assure us
that downward turn certain to take place very soon
but we notice that they are not quite reaaS
TO sell for the decline, however proVohmGp
they may be invited TO that contest ny
the confident bulls To the speculative mind, STOCKS
are always cheap long the prices nave an up"ao
tendency and It is quite likely as matter OF iac tDat
some Of the stocks the Board are cheap at Tue
II is the business of the anxious purchaser
70 ascertain which they are. The general movement III
the railway list to-day been dull and devoid e he
eat the business of the day being restricted Inc mar
ket opened strong In the morning and In ono VI wv"
stances with higher quotations This especially true
of Rock Island and Reading. which gave tone TO the
carly specuation. The hrstnaIned STOCK, whlch
is manipulated by a powerful clique controlling
about $4,000 shares, advanced to 11si, the highest
pon OF the season. This pool have been heavy buyers
all the week. and give out as special favor 10 their
friends that the stock is going up to 40 or I5 but even
with these extraordinary inducements to purchase only
about 10000 shares were bought to-day including the
purchases Of the pool. Lake Shore has been dull and
steady the publication OF the statement OF the Company
exercising no perceptlbe influence upon the price 1t
may be well enough 10 add, partially accounting for
its dulnes that there reports with refer
enc TO the scrip dividends. NorthWesterns were strong
at the opening but sympathy with the general mar
ket were a little weaker at the close. We learn
from q source entitled TO confidence THAI D
per cent dividend on both the common aud
prefcrred stock Of this Company will be declared about
tbe Isl OF June fair movement was reported IN Erie,
Pittsburgh and Ohio and Mississippi though nothing
new or important was developed. The widest ana most
freouent fluctuations OF the day were in Union Pacl'
The investment securities dull In the MISCELLANEOUS
LIST Pacific Mall Western Union Telegraph, and tie low
priced shares were quiet but an active business was IT,
norted in coal stocks the various shares peing wen
rep,esented though at the close the high prices Oh e
uorning were barely sustained. Express shares were
ynuu The following table shows the highest ana lowest
prices Of active stocks made to-day