New-York tribune., 1871-04-21
THURSDAY. April 2o-P. NJ.


The temper of the stock market continues
much the last reported the transactions keeping
up the scale OF magnitude. Lake Shore is
again leading speculative card and the appetite for
the Dsatiate. Where oil the stock comes
from and where 1t all goes TO is mystery which can
only be solved by the supposton OF an accession OF
buyers at every step OF the advance. The
buyers Of yesterday probably sellers
to-day; and the parties undoubtedly take new
venture the stock they satisfied that 1t
has reached point Of reaction 1t Is said that the
original parties sold about iO7 but other Richards
must In the leld," for the effect Of the dumping OF
such lot OF stock upon the market was very slight 1t
Is quite evident that outsiders assisting the specula
ton at our Stock Exchange in much greater force
than for months past, and 1t looks as the eques
would have all the opportunity they can desire ior
selling Under the circumstances, with gradually In
creasng speculation the public enters the ring
the prediction Of higher prices which Is still confidently
made by the bulls likely to be verified; and it is to
be presumed that before II comes to crisis, stocks will
have been obgngly furnished to the outside buyers,
whose numbers always increase prices advance The
speculation has yet neglected quite number of
old favortes, such as g. Paul, Pacific Mail,
Alton and Terre Haute, Wabash, &C., but We presume
the fever will In time reach these, the turn in the tide
does not the disorder spreading generally
Ike tho measles any other contagious disease. In
fact Wabash to have caught the Infection already
and Pacific Mail shows incpient symptoms OF having
been touched The prices reached to-day In Cen
tral stock Lake Shore, Northwestern Common and Pre-
ferred Rock Island and Wabash were in advance OF any
heretofore recorded this The principal dealings
were in these shares and while before stated there
are strong evidences that the clues busy engaged
In transferring their stocks the general market In Its
buoyancy Is apparently not affected This proves the
signal ability displayed by the bull combinations In con
ducting their operations during the present campaign
Except the aforementioned stocks the movement to-
day has without notable Significance In reference
to the matter Of the increase in the share capital OF the
Erie Railway Company, the following letter has been
transmitted:
OFFICE OF FARMERS LOAN AND TRUST Co.,
NEw-YoRK, April 10, ls7l )
WM SEYMOUR, Esq, PresidentN. Y. Stock Erchdnge.
p DE AR SIR: The Erie Railway Company have this day
notified me that, by order of their Board of Directors,
creased by the conversion OF an equal amount OF
'on'0''O'0 ''Nu'' r. q. RoIsroN, President
The registrars Of the Erie Company are the Farmers
Loan and Trust Company. Article Of the Stock Ex-
change bylaws requires that notice Of so days shall
be given ia writing the President OF the Board or any
intended increase stock that is peculativey dealt in
by any corporate company eher direct or through the
issue of convertible bonds" Such issue by the Erie
ders the stock Of that Company liable to elimination
list but the Governing Committee have decided
temporarily to suspend the operation OF Article OF the
bylaws, the Farmers Loan and Trust Company having
agreed not to admit any stock to registry until the
80 days notice has expired This new stock Is therefore
not good delivery at the Stock Exchange.
The rise in the ST. Joseph stocks is due to rumors OF
| dividend but we are informed excellent authority
that the affairs of the Company will not warrant It, IN
yestment shares generally firm, and miscellaneous
stocks steady express being strong with rise In United
States to 62a from 4s1 The following table shows the
highest and lowest prices Of active stocks made to-day