New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-02-13
SECOND BOARD. 1 7. NJ.
SATURDAY, Feb. 1l-P. VI.

SATURDAY, Feb. 11-P. NJ.
Prices were better to-day for three or four
leading stocks Of the market, and, under the fresh
impulse given the dealings by the moving powers OF
the street. there for time more animation at the
Stock Exchange The favOrites seem 10 be New-York
Central stock and certificates and Lake shore, though
in Ohio and Mississippi NOrl Western Preferred, ST.
Paul Erie and Union Pacific there indications OF
a sympathetic rally On the whole the market Is strong
with an improving tendency in prices. The volume OF
business has been larger than usual; but as usual,
the purchases have Occn mainly made ny the
bear cli0ues. Union Pacific advanced from 9b
to ga under the covering of short contracts
which had been put out in the belief that Congress
contemplated unfavOrabc legislation in regard to this
Company. The dealings in Eric were quite large and
spirited and the stock advanced from 22 to 2l then de-
cned TO 227 and subsequently, AZ the close, went up
again to 80, The street gossips, who know everything
and are ever ready account for the slightest variation
in the wall-s barometer explain this rather sharp turn
I'm Erie by reference mysterious movement for
a closer connection between the Erie and Michigan Cen
tral by way Of the Great Western Railway OF Canada,
and which contemplaes a third rail- thus making an adj
dtional gauge to correspond with the roads In question:
Ohio and Mississippi is kept mp by renewed reports OF
a favorable alliance with the Baltimore and Ohio. Rock
Island closed at higher quotations New-Jerscy Central
was strong at 1864 aIO upon reports Of iorthcom
ing dividend Panama advanced 10 II. Delaware Lack
awanna and Western sold at 103Gl05t; Chicago
and Alton, 117ial1s; Morris and Essex
s9i Hannibal and st. Joseph Preferred, 9sl 80; Mari
eta and Cincinnati LIST Preferred SOL and Michigan Cen
trail l175. Miscellaneous stocks dull but, in the
MAN, firm, and Express shares were steady.
The money market oversuppled with IDLE capital in
consequence of the general dizziness in business offers
every facility the operators for rise in the market
prices of stocks, and they thus enabled 10 advance
quotations with great whenever suits their pur
pose TO do but when the buying of the combinations
ceases, prices TO drag again. and the market like
intermittent fever, suers sudden chill after an
access OF heat. The commission brokers took
cheerfully during these spasms Of improvement
hoping that something may turn up in the form Of
increase in bOnade business hut such hopes have not
yet been realized. If the outside public would but follow
the lead Of Walst spectators, as in former times,
might expect pleasant change for the brokers' but there
Is not yet much disposition beyond the circle Of Wall
ST. TO speculate in stocks II this ngcontinued duness
should have the effect Of driving out Of The street. into
some more useful and productive employment, about
four out Of five Of the curbstOne well other yarie
ties OF stock brokers, it will have accomplished least
one good object The following table shows highest
and lowest prices paid for active stocks to-day: