New-York tribune., 1871-10-24
MONDAY, Oct. 23-P. ".

The Wall-st markets at the opening OF the
week were strong and excited particularly in the stock
spccuation. The monetary situation Is growing daily
more rosecolored, and the outlook from the present
standpoint suggestive OF speedy regalnlng OF the
confidence not felt before for many days The banks arc
no longer below the legal limit having curtaled their
accommodations the Wa-s spectators and bestowed
them upon that class of the community representing e-
gtmate business. The return OF money from Chicago
last week s believed to be but the orerunner OF larger
amounts this week. and although some other sections OF
the great West requiring currency is
generally btAeved that the efflux Will be
more than ncurazed by the receipts from Phla-
delphia and other contiguous cities, as well as
from New England. These receipts are in small sums,
but In tho aggregate foot up large amount All these
things taken into consideration Is not matter OF great
surprise especially after so heavy fall that the rail-
way list should command much attention, and no small
number Of orders have been received In the street for
the purchase OF stocks both outright and in the way OF
speculation. We should not place too much stress upon
the OF stocks be locked up the vaults Of
the holders though in the wake OF every wreck will be
found parties to pick mp such fragments a. may be
strewn upon he shores So after panic in stocks the
strong parties take advantage Of the disaster
to pick up the "fOtsam" stocks that tue
panic has caused weak holders to throw over
board. The continuation OF Saturdays movement is
also plainly visible in tOdays market and the changed
ics Of the veteran bear SPECTATORS entered largely
into tho buoyancy OF the present upward turn There
are many short lines also to cover which have been
closed out, and these have also afforded elements Of
strength and operated to the maintenance Of the ad
vance Confidence in the permanent stability Of this
upward reaction not however II judge rightly, very
decided anoug the leading reflective men Of the street.
much 1t may be to the lesser lights Of the Stock
Exchange. The sudden veering round Of the Ursa
Major d,e1 out suspiciOns that be might, after ALL
be playing an occult thimblcrigging game that
would benefit his swn bank account to the
deetcn of those OF his less sagacOus comrades There
were indications this afternoon and some vagne hints
thrown QUIT that the high prices would he made the basis
Of another downward demonstration Of formidable
nature and the market sce-saw condition for
some time. We shall see The market opened strong
and higher and subsequently became buoyant and ad
vanced sherply, with very. active business in New
York Central stock hlke Shore, Northwestern common
Rock Island, Erie, Union Pacific, and Western Union
Telegraph, the dealings being largest in these
specialties though o fair trade was done
in the rest of the active list, and the
fluctuations are recorded elsewhere The rise steady
and uninterrupted until about the close Of the Second
Board when prices suceumbed to the load Of stocks Of
erng for sale to realize and the entire list lost ground
to the OF to Il cent aud the decline set
la the market became dull and p late operations
OF less consequence, though with Indications OF slight
rally The following table shows tile highest and lowest
prices Of active stocks made to-day: