New-York tribune., 1871-07-25
MONDAY, July si-P. NJ.

The Stock Exchange has been enlivenCd to-
day by moderate rally and increase in the volume
business and holders Of stocks have been more cheer
fnl under the aspect Of the market Tie veteran
Spectators OF the street, however, do not appear TO
share In these hopeful authorizations and shake their
heads at the idea OF any decided OF sustained rally
during the Summer months 1t is not improbable that
the present course Of the market will develop more
lealthful condition of business as we approach the
Autumn and this will lie assured II the eques englng
tcnaciousy to their burdens can be prevailed upon TO
shift their loads upon the shoulders Of the multitude
The popular verdict for many months has been that
stocks g6i6rally were too high, but the controlling
powers OF the street have seen matters In dhereht
light and until the Rock Island "fzzc," which seems
TO have been tho result OF treachery the part Of sone
member of the party, they were "monarchs OF
all they surveyed" Now there are suspicious
constantly rising aud members arc narrowly
watched as the movements advance Lately the
clique I'm Ohio and Mississippi were heavy buyers
at lt a4s and after purchases which should nave put
the price up 90, there seemed TO be an aDuhdahce Or
stock at A. The suspicion was at once suggested that
some member Of tho pool had been "lcaEy," and sueh
was the case probably although the fact could not DC
positively proved The moral Of all this is that 10 strain
ing for too great results men sometimes oVershoos te
mark. The general market opened firm at about the
final official figures Of Saturday, and prices have SINCE
advanced the entire list Of active shares with the e&
ception Of merely nominal yielding about midday.
| The improvement in direction has been OF
| very decided nature but most marked IN
| Northwest and Western Union Telegraph, the
| extent being shown IN the highest and lowest
| table below. The Hannibal and ST. Joseph shares
to-day made an ascent OF upward of per cent. When
1t is taken consideration that the City Hall Ring
largely the bull side of this stock the present move
| meut s The readily understood The changes in
| the other stocks were comprised within narrower
compass. The short interest small though it, may have
been apprehenve OF the final action Of the Lake Shore
people were to-day covering their contracts to which Is
doubtless due the confident feeling in the market
The street will be out of its suspense on Wednesday,
| definitely concluded. That stock made advance
| Of about / per cent? books containing the last
| official report Of the Company can be had at the
Office Of Robinson, Chase Co.. No Is Broad-st. The
Northwest shares were active and higher, the move
ment extending TO Central, Rock Island and ST. Paul.
while Ohios ruled firm at about the range Of Saturday
We note sales Of c. c. Cincinnati and Indianapolis a so
New-JCrsey Central lOji Delaware, LachawonnaL and
western, 10 3 aud c. c. and Indiana Central 10 In the
miscellaneous list the western Union the most no.
ticeable feature making sharp reaction from 5 on Sat
urday tc 57I. Pac1c Mail attracted much attention in
the afternoon and per cont The coal stocks, on
the other hand were weak the COnso'idooniallng oil
percent 20 g. American EXpess shares sold at5 the rest
OF the list being neglected. The following table shows
the hghest and lowest prices Of active stocks made TO
| day