New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-05-19
I. NJ
K and Acknowledgment
sa,,, O., STATE Bonds-Rdirodd BoRds-BGnk and Raj
Stocks. r.
THURSDAY. May 1s-P. N.

The stock market has again been active and
excited though with the exception Of two three prom
inent shares the volume OF business has been or only or
binary importance. The speculative card, and one
which has thrown its companions INTO the snade, mas
been Erie the wide and frequent fluctuations in which
have recalled wildly mind the earlier scenes OF the
Stock Exchange, when this stock played so important
part active speculaons The sales started of strong at
3 and price steadily through the intermediate
fractions to S the only positive information eneour-
aging the buoyancy being the Withdrawal OF
the notification OF the issue OF S,OOUo
10000 shares new stock. notice OF which,
il will be remembered given to the stock Exchange,
in compliance with ts rules, some time In April. We
say positive information, because the reports floating
Broadt in regard TO the movement IN TINS STOCK
are legion We have AZ different times alluded to these
rumors, though faith has never been shaken that
direct OF the recent advance IN TINS STOCK s
traceabe 10 the operations Of the managers OF the Erie
Road Tho most prominent card in the way Of
new rumors concerning the movement in Erie
ia TO the effect that Thomas scott OF
the Pennsylvania Central and the Union Pacific Is buy
ing stock with view TO obtaining ultimate control OF
the road There feeling among intelligent business
men that Notwithstanding the untold abuses to which
Erie has different times subjected 1t Is still
magnificent property, and that, under the control or
man like Mr. Scott like Com. Vanderbilt (who, by the
bye quite confident has had nothing whatever to
do with the recent manipulation Of the stock) the
the great railroad enterprises Of the day. so II ntel-
gent purchasers OF really believe that the affairs
of the Company to pass into the hands OF honest ana
Intelligent men, who will the road in the inter
est of the stockholders the rapid advance in the stock Is
easily accounted for At the o'clock Board the price
broke down to 3d. the tumble being accredited to the APP
pearance on street OF Of the Ring. The stock
quickly reacting to 33i and continued active and volatile
the rest OF the day Next in point Of interest was Lake
Shore, In which q very large business was trans
acted though, in view OF the several combinations
reported be manipulating IT, il is matter OF surprise
that the transactions have not assumed even moro inn
portant ma gnitude As evidence OF the desire OF
these parties advance the price, recourse is had to the
assurance that the scrip dividend long predicted is
near at hand though the publication of the annual
port of the Company, rejecting the mathematical skill Of
directors in figuring out even an eight per cent diy
dend for dampened the ardor of even these con
hdent bulls Union Pacific suffered to Tcp0se in
quiet, though the stock was strong at the
quotations The North Western shares were strong
and in request the dividend question more active
movement and higher figures noted in NewJersey
Central and Harlem. In the rest OF the list dealings
were slow. Boston, Hartford and Erie did not display
its wOnted animation, though generally quite firm. In
vestment securities duh, miscellaneous shares
quiet and steady, and express stocks strong In the
afternoon the upward movement extended TO the full
list New-Jersey Central being prominent feature the
highest prices Of the day occurring n late business The
following table shows the highest and lowest prices Of
actv atn la nla tn-daV.