New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-18
FRIDAY, March 1T-P. ".

The opening transactions at the Stock tx
change were higher prices and the market had very
strong look with the Vanderbilt stocks tie prominent
cards In the speculative game There were abo more
active movements in northwestern Preferred ana Rsek
Island but midday prices took moderate turn In
the other direction, and decline OF HON .
tn per cent was established In tho alter
noon, ttere was o slight improvement, and the
symptoms were in favor OF rally, although but h'he
uoyancy was developed during tho change OF tone Ihs
bu cgues continue hold complete possession Of ina
market, aud It only necessary for tie managoS"
make up minds that prices should be higher to es-
tabsh tlemupOn the basis Once up to the advanced
urcos and fresh arguments introduced TO provo that
stocks are cheap and tho end Of the rise has yet
been seen In this way the bulls as In times long past,
can never the top Of the market as the bears Gre
never able To the bottom The control IS now Win
the sanguno and hopeful classes, aud hHc @ G'hryre
from the bears The new French loan O. $5o1o0to@ 10
sunouuced and has been known upon the strect out
has had little OF effect upon the ~stock market
THO only comments We hear relate u us
probable effect upon the funding operations o,
our Government. The loan IS to be offered IN
the form ~ three per cent rencs probably through tho
agency OF the Rothsrhds and will sell at about ~ -
the prt sent per cents quoted ~ 81 or th"rtaDoaIs
This makes it substantially per cent loan. andh
seems to be the general opinion that Europeans VIII pFer
French Der cent bond 20 American per cent e.
pecaily with the wider margin for appreciation Ci no
principal of the French bond
There ~ a story floating about the street TO the eHec'
that the scrip Of Ia, Cenualan Hudson Is tohe reired
and in lien thereof will bee Issued first mOi.lss per
cent gold bond the per cent dif renee ia interest
being adjusted by maxim. the stock pay
ten Der cent instead eight per AT present We
ave not definitely assured that this financial scheme VIII
IA. carried out and give 10 part OF the hoains GOSSIP
d, the street II would seem II were a. n LIVING
in the p.lmy days'of Wilkins Mcawber when we zoe 81
much financial talent lying round loose. Inc cohuh
nod me-hc, Of law in which the once naughty l.
tap1led an energence from which scarcely pos
.ihlo. is sufficient in view Of new and further LNSos
proceedings, 10 keep That stock down III tae .'',"
The eoa,ine debt 81 the Company Is represented 20 oe
about 5000 O00 though IN wow of the act ta' TO MY
Ing deb, Was mentioned in The January report o. tA1'
Company ID Is diGot 70 believe shat amy sieh de'' 'N
isis or would b. dillcult II Fisk and Oord Nero
moi he managers Of the concern. ]Ae ica'I'u
condition OF the Company's hcSace' L"' l''''s
the apprehension that the road may p' i''''u
into bankruptcy II j. probable that theTt Is t1yi "
danger that the affairs OF The Company may be pa ~
,e In nds of Receiver or that the iao1'e FISK "a" "
ops,,riug friends arc permitting false statements 10
cI,te which have tendency g. further depress 'he N
lt yulue NJ the stock with view TO buynsH ih "L'n
II reaches satisfactory 6gWe In case the Io'' I''
h,,r,,,t,v no doubt Fisk Could VIII manage 'o'o
an,,r Receiver. and then what need they care 'Dou'
mo ,,,pn,ronce Of the stock They can 10 Oh M''Ai"s
- n, - ~, wears 10 come, a. they have zone o
W -. to,est,neut shares were fem, ana misctF
$500 st,.I iuil and lower While lApft'''S "''c AZ
| elected , ~, ,,,,..t aud lo,vost mice,