New-York tribune., 1872-01-29
SECOND ROARD-l +. VI.
Railroad Bdnk and ReroiS-RJprtS'
gATrnDAY, Jan. 27--p. ~.

The week now drawing to a close has been
much les3 eventual than ifs Immediate predecessor,
though The speculation in stocks which forms tho subject
of discussion Walls circles has been scarcely less
significant. After the wholesale slaughter OF the inno
cents or the closing days OF last week, there were those
who expressed q belief that the present week would
show stu higher prices Thu, On Monday morning the
market started of quito brilliantly, and prices had
already started up the ascending scale, when u
began TO DO bruted about that a very IaFSc
bull speculator, who hal been holding stocks
for tho rice since tho decline OcCasioned
by the Chicago fire. bad in moment OF spite at sope
fanced slight put upon him by his coworAers, very dex
terously thrown all h3 long stock upon tho market boh
with intent TO realize and TO break down the market
Our readers VIII remember that we hare frequently
stated In reference TO the amount OF put privileges Oh
certain stocks such as Wabash North western, Union
and one or two others. The veteran peculaor who bad
sold these puts order to protect himself against too
severe os5 in case the c0rs Of his indignant fellow bu
should prove successful, felt compelled 10 put himself
into the breach 10 check TIE fast declining market The
decline, received much cid and comfort from the skill
fuycculaed stories that some Of our savings banks
were In much trouble hc suspension and shameful rob
berg OF the Market Savings Bank lending plausOty 20
tho rcrort and that tho whole fabric savings in
stutions going the bad. This spark, once lighted
Lindcd into broad fame, and at once eugcntcred an
unsettled aud fcvcrish feeling In Stock Exchange circles
and there was egcrywhero apparent OmnouB dread OF
TO sell ust ana left, In order to tako advantage Of
tho remaining pIoits their speculative ventures :
and two occasions tie excitement was indeed
Wild Tho result OF these sales 20 set The market in
u otroHGdc movement, and as the number of ccP orders
was very large, sharp decline OF TO per cent
ingueurae1, under which Wabash went down to ia ;
Northwestern Common to 7c3; Western Union Tele-
graph i3 Lake s. orc 10 Ss Union Pacific to SCI! and
Pacific Mail % 5li From this came the reaction when 1t
transpIred that the tak about Savings Bank disasters
WIS CANNON. 5Mco then the market has been really
| duh and stupid, but prices have recovered to
| GS per cent. IL the new position Of the lead
| ing spcculatOls wo may expect TO eco some
stirring times, both parties very strong, and VIII
carry the struggle to the bitter end To-day has been
hut the counterpart Of yesterday. During tho morning
prices fIn but the dean - Insignificant, and
attracted 10 attention. aud that broker fortunate
and REGARDED with envy who received order 10 buy
sell But the afternoon market really quite active
under the development of free selling movement,
| caused by tho unavOrablc bank statement II first
manifested Itself in Hannibal ana 81. Joseph Common,
which t0,k Of its eccentric drops from 55 10 A.
aud the Preferred from c.! 70 C!J The depression was
qu!cAly communicated TO tho rest Of tho list, and
the active otocks declined TO Il per cent as
shown in comparative table Tho whole trade Of the
afternoon basis of lower rates, II We except
some small transactions IN 81. Louis and Iron Mountain
J Railway, which give indications Of upward move
ment in tlgt stock, which sold at Co. the highest quota
on noted the stock has been unon the Board The
active dealings in Erie Lake Shore Ohio and
| Mississippi. Northwestern Common Union Pacific
Pacific Mail, aud Western Union Telegraph. There was
little floating gossip going the rounds Of the street. In
vcstments were dul We note sales of Eow-YOrk and
New-Hayen scrip at l5 Fort Wayne, 81; and Eho Pre-
ferred g. After the tumble Of yesterday, Quicksilver
reacted to-day 10 2 Co,l stocks were quiet uad steady
and Express shares neglected The following table
shows the highest and lowest prices OF active stocks
made today: