New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-04-26
TUESDAY. April 25-P. "

The shock which was felt in the stock mar
ket yesterday afternoon left its traces in the street this
morning and, like subject attacked by chis and fever
IL displayed intermittent spells of shaliness and sead
ness feeble rallies taking place from time TO time,
only to be lost in the transactions immedi-
ately following. During the afternoon, however,
prices seemed to settle down upon a
stronger foundation, and partial recovery took place.
The general IMPRESSION especially In bull circles is that
within few days the market will resume its former con-
dion and that It's color will again become roseate and
bright 1t is not at all probable that the bul cques have
yet supplied the public with all their Accommodations OF
stOeks and they afford TO have the outside fish
frightened away just they begin to bite sharply. The
reaction will doubtless convey its lesson and make peo-
pie little cautious about loading up small mar
gins but it takes young earthquake IN Wall-st to
break down the fabric Of speculation until it top
heavy. Therefore it lis probable that the fish who
have smelled Of the bait will return, finally
take it, and then be comfortably landed. The
transactions in the principal shares to-day
were enormous Central and Hudson about 3OOOO shares
Lake Shore 60O0Q Northwest, 10000; do. Preferred,
10000; Western Union. 10000; Ohio and Mississippi,
26OOO Wabash, 1900 Rock Island 10000; Union Pacific,
10000 &C. Al the opening, stocks quite steady at
a decided reaction from the lowest points touched last
evening, but speedily developed the feversh and
settled tone already referred TO, decidedly
panicky feeling being apparent at times. The ciques
have been free sellers at each successive advance for
some time past but whenever becomes necessary 10
sustain the market they turn buyers but in this In
stance they found il difficult to stem the current The
financial outlook in view of the return OF currency here,
which was shipped to the interior about the Isl
OF April, and the alleged intention OF the Treas
ury to keep money easy for the present,
is clearly in favor Of speculation, the especially
fully fifty or sixty millions will be disbursed in the way
of interest and dividends within the next few days all
OF which will seek employment in form but
gune Spectators should not forget that while rule,
cheap money fosters high prices for stocks that such
condition OF the money market is not by any means
invarable preventive to panics in the stock market.
Therefore We timidy suggest to people about to pur
chase stocks on speculation that they make little
inquiry as to the intrinsic value Of what they wish TO
buy II has been noticeable that the bulls, even while
the market presented appearance Of panic cool
and confident, and surveyed the battlefield with
the strategic eve OF veterans accustomed to
such warfare. But the lesser lights and new
corners saw with dismay Lake Shore drop
to 1909; N Y Central to 99. Scrip to 93s Reading to
1904, Ohio and Mississippi to 5t Rock Island to llOs;
Union Pacific TO 3., and other stocks proportonatcly
without the slightest ability to avert the catastrophe.
The market become strong and higher toward the close
Of the Long Room strong buyers stepped in, the up
ward reaction being equal in instances to nearly
per cent After the close OF the Long Room the street
transactions were rather and prices receded from
TO per cent. The following are the highest and
lowest prices for the day: