New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-06-23
THURSDAY. June Up. IN.

The effects of the Rock Island disaster are
plainly visible to-day in Wall-st, and many days VIII
he required fully ascertain the extent OF the losses
incident TO that financial misfortune AS RUE the
break that stock yesterday caused no severe depre
sion in the remainder Of the railways beyond general
lack of confidence but at the start this morning the
entire market was unnaturally quiet as though oper-
ators and spectators were for the time benumbed
through apprehensions OF another impending storm.
But little tme however, devoted to TINS hesta-
tion for speedily came the frantic desire TO sell
and realize what little profit remaining, lest some
other fell stroke should deprive the market OF its little
remaining support. For long time Lake Shore in con-
nection with Rock Island has been regarded as prop
10 prices and when it became known that the master
spirit in this specially absent from his post there
became frantic desire to sell this stock and the price
was quickly down some per cent, the sales helhg
enormous at each successive stage of the decline This
naturally encouraged weakness In it, companion
shares and time there was every indication that
another frst-class panic imminent. The e1ques
rallied TO the support of each fayOrite however t
dropped, and again the tide was turned in the
direction confidence only 10 he disturbed again
when sufficient silence in the Board Room was restored
TO enable the Vice Chairman 10 announce his Instructions
TO sell out additional stocks under the rule" The mar
ket ruled this feversh and unsettled condition during
the morning subject TO spams of panic and
returning confidence the action of the moneylenders IN
calling up additional securities To their protection add
ing TO the general dsmay In the afternoon, however
there were more marked evidences OF returning conf
dence, and an improved sentiment noted In
transactions affairs assuming different hue strong
buyers made their appearance m the market prices on
all the active stocks being quickly run up to higher
figures The Rock Island shares sold down TO llO, the
sal the lower prices however being for the account
Of defaulting broker firms. II is yet impossible to
ascertain the fun OF the losses in tue Rock Island
coanse and it will be long time before that confidence
which existed prior to the lsco will be fully restored,
though it has doubtless served to increase the Short
interest in the general market, which may eventually
prove in itself Cement Of strength With yesterday
lexampe however more caution will be exercised in
putting ont short lines; those who borrowed Rock
Island stock leaving their certified checks collateral
when they came to return the stock, repurchas'd
AT an ostensble profit found their dismay that the
lenders had defancd and left them Tong of the market
M high quotations The dealings to-day have been
large and well distributed OF the recently authOriz
issue of 900 shares additional Harlem stock, 10000
shares as per advertisement TO that effect were sold at
the first session of the Board this morning, through
Mcssrs Berlin Alien. The price obtained was lH for
$500 shares and l2, for the remainder The investment
securities we're dul and quiet. The miscellaneous list
was quiet and lower except in Western Union Telegraph,
which was largely traded in, and made sharp upward
reaction from the Lowest quotation There was no move
ment IN the coal stocks except in Consolidation, which
sold IN DER cent a. subsequently yielding per cent
| Express shares were neglected. The following table
shows the highest and lowest prices OF active stocks
| made to-day: MI. ,