New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-09
WEDNESDAY. March s-r. ".

The stock market opened strong, as has been
its wont several days past and with slight upward
tendency; but after the First Board, became less conf
dent and prices declined from to per cent under sales
TO realize In the afternoon quotations recovered some
thing OF the decline but not 10 the full extent ana later
in the day the sogged of again. closing compare
lively steady The transactions have been less extensive
to-day than several days past and there has been an
apparent feeling of insecurity manifested throughout
the day among those have been following the bull
cques Vague suspicious have been aroused 10 the
effect that the cques have very materially reduced
their long interest in stocks aud are now
engaged in a counter movement, devoting all
their energies TO breaking down the market,
in view Of the probable active working OF money
toward the close Of the month. We simply give this as
among street gossip The business OF the day has been
well distributed among the active list though the special
features Lake Shore, Pittsburgh Ohio and Mssis-
sipp Northwest Preferred, and wabash. Reading has
teep auet but strong We hear stated there is large
uncovered interest in this stock and that TO keep the
same abundant for delivery here large amounts have
been borrowed Philadelphia and shipped here for that
purpose Union Pacific has been less active. AT the
stockholders meeting held in Boston today for direct
ors the scott ticket successful and the following
gentlemen were elected TO the direction: Thomas A.
Scott Elisha Atkins, Cakes Ames, L. r. Morton, r. l..
Robbins c. NJ. Dodge, James Brooks, Oliver Ames John
Duff Sidney Dillon John T. Thompson q. NJ. Pullman,
c. 8. Bushnell, T. Gordon Dexter, Andrew Carnage.
In the miscellaneous list Paclc Mail made turther
decline; Western Union Telegraph firm, while Quick
silver made forward movement to 1i for the Common
ana Al for the Preferred stock. The Board OF
Directors IL is said making arrangements for such
better management Of the mine ~ will deyeope its full
est capacity and they feel confident that the property
can again made The annual report of
the Directors dust published, for the year end
ing Dec 81, 1870, shows the product Of the
mine to have been 1893 TASKS of quicksilver, which
were sold for s45 being delivered mainly under
tract $3 per flask the met profits of the year including
rents amounting about SIS OOO while the expenses in
Guiding 600 for nneling and prospecting dead work.
were $426575 The report states that the Company has
paid its floating debt and has on hand 10000 cash, and
about $4,000 in reserved and quicksilver The
completion OF the new tunnel, with other i'm
provements made during the year, will,
il is said, lessen the expenses, while adding 10
the facilities for mining and working the The
port also states that the quality Of the improving
which seems to be sustained by the fact OF increased
production Of quicksilver for the months OF November
and December over that Of the Summer months, and
stil further Increase for month OF January On the
whole the Directors report the condition of the Com
pany as promising opinion based upon the increased
product of the mne and the prospective release OF the
Company from a hampering contract for the delivery
OF their product at S31 per flask, while II Is
now selling something than double that price In
the market That contract expires In about year,
and in the mean time the company have the means 10
the interest upon their funded debt 81 O00,
with prospect OF earning dividends thereafter In
the prOdueiveness OF the mine and the present high
price OF quicksilver continue.
The following table shows the highest and lowest
prices OF active stocks made today