New-York tribune., 1871-11-29
SECOND BOARD-l 4. ".
0ndl- RdilrOdd Rnds- BANK and Rdilfo1f
LM Chic 4 n We
TUESDAY, Nov. 2S-F.


The barometer of the stock market indicates,
for the time. oppression in all quarters and IKE thr
Scientific Bureau at Washington. We may take th"'"
sign. Of foul weather and thus sum mp the
"probabiIties" In case the results vary from hc h"
cations the elements may be charged WITH disturbing III
nuc,crH which taken into account hrI"r' i>f
AZ comets vary from their regular orbits by yielding T."
some superior nttrtd ton the Financial "rlt"iF
must h, allowed all the latitude given 10 almanac
mixers and if the tnturc changes IN the
stock maj kci do not correspond with the apparent ton"
of the present, or with the signs {" the fntar tiey
should phrase. under cover of Which they can
seek refuge the almanacs. by way Uf opening wIdc
door OF escape say. about This time such or 'i'h
weather may he expected" With this perhaps super
uous preface may report consc!cnt"usly that Tor
the present the stock market has an nnpromising II not
Ills, ourlgny look and H. Immediate future paitakc>
Of course the Slmc blue tint. Up IN Friday OF list
week the tide rising one. ami pr - were indrRch
M daily. although most Of the hil>ii'ss transacted ht
the stock Exchange FOR the great spectators Of il-
street. who SWING millions support of their operation
a. easily few hundred thousands could be controlled
10 or IL This fact is patent I" the street
that no familiar with the machinery Of stock sIcrn
ltou doubts IT. and il mentioned here only to account
for the continued advance In prices following quickly
after the depression caused by the Chicago re, during
period IL has been perfectly well known that busi
the outside public has been almost at stand
Tie ready control Of few millions Of dollars. and
its bold In turning the tide at oppoi tune uoIncnt
when large short interest had been created. to this
new movement slrcrss scarcely anticipated.
and 10 the market appearance "f activity
totally az Variance with condition o busilis~
such mo, cucnts not nnon, and in years past.
when the pr spcct, Warranted the expectation OF Irtai
mpro, cncis in business great prosperity cvcryw'rc
hror chou the land such leading action "n the part "f
intelligent and courageous operators never fnilrd ia
drawing into their support the great mas-cs of IN"
people upon who>c support VIII tna!ly dcIcnd the
oi all speculation, IN I'll" Slo'k MARKET Men may
keep M :Iid with each other n the III" t,", Ia III"
swapping of iarlkny~t." alternately lo,iae anl sair
in bu such tIadHl I, !kc chasing planters rUuni
circle. which ends generally III its disappearance.
In the Autumn "f la,r, the same foolish tar'.rS
were rract.ccd- after the Franro-tierLnan
the ci1ucS not only iug-n; the loads they h"l ac''
lated hui adding I" their arcuiulaons largely and CON
stany sustain price-. ana III the hope of r~ing ih"
market into state OF activity The failure of these
natural movements. aud the losses Of the cues
demonstrated he n.1iint snsracIcr Of thu operations
and the lesson has doubt had IT. rircl. Thu, 1t may
be inferred that IL clnrs are now HE main support II
the market. they anG:r Is gaaagaf7hi of men who
viii profit ly " experience Of their predecessors, and
avoid blind and obstinate fight against elements which
would ultimately destroy them: and the circle OF client
age or imnrdile followers Of the phantom Of stock
speculation are not unlikely 10 become the fortunate
or unfortunate holders "i large portion of those stocks
Itch prominent III daily transactions af the
stock Exchange. Tne.e followers are Numerous, but
still 4 very small and very weak constituency
,nred with the Oly Of the people which follows great
tidal waves in the stock market. They may stand w'
everything works smoothly in financial matters. but
,riing events would rr, III their dcfenscs ana destroy
their works. Upon the movements aud caprlcc- Of
ciaucs and their Immediate followers then depend Tie
present AID near future Of the stock market,
and Glon The nod oi few milhonailcs
ur,rea will rihp
truth Ovcrthrows these houses built upon the sand.
Public sympathy Is not with them, and there is nothing
now apparent which PROMISES to attract ii. lrrelctm-
able paper money the grand sustaining power OF the
stock scuaiions of the day. and until this exciting and
nischivous stnulan is wi'hdeSn the structure Of he
market will rest upon Fictitious foundation.
The most active stocks to-iay h,r" been Northwest
crn Lake shore, Wabash, Pacific MAIL and Western
Union Pri, for nearly al OF these dec lined about
per cent during the forenoon, and the Whole
market looked heavy. Union Pac'hr was also
quite prominent. but fell off TO ?Gl. y rinior
was put upon the street TO the eject that hi,
Company c.nte nplac, the issue Of 4GOoGS stock,
probably for the purpose Of hearing the stock.
learn from the highest authority that the runOr bas
foundation whatever in fact. The passing o the di,i-
Icd on North Wcstrrn stock as had but little
effect upon its market price, the stock being sustained.
according to report by the wealthy ex-drector
OF the Erie Railway. who has sold puts upon 1t to very
large extent After o'clock in the afternoon there
light improvement reaction quite paural after the
decline Of tie morning. Pittsburgh declined per cent
TO ia Investment Miscellaneous, and Express shares
were dull The following table shows the highest and
lowest prices ut which active stocks were sold to-day:
ii,sb,,, Lowest, Highest. IA. est
Nv A. 4 uui-oo Con 6? o.. Milwaukee L st. Pau. sal
ny e. Hudson Cert ~ ~. Niwhee ~ rau'rL mt ~
n
r.. ''........... II :at f,s"n. II. 4 Ere =
R,,Gn, lE.f. 4. X l. c......... si ~
LIE hbo,r 81 s.s Consolidation Coa.... At
LII. HIov M Cn0n Pacific ?i M
W.i..h h'.... 81 ~ ilaupi..l L r. 10. :.i
L,v =, .,h Hannibal 4 st, Jo, PA