New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-23

has tahon n ,aadin, hand m the dealt Erefremained
quiet 59a TO 63t until Thursday morning. when an
nouncement that Jay Gould had stated MS "liihb
to pay into the treasury ofgEre the amount oaieu "
the sut brought against him 10y the new drec s
n fresh impetus speculation and since then oii ni9
been reached the attendant fluctuations giving 'niS
specially greater prominence than for long oi'o
past Whether restitution on the part OF MI Houu VIM
result in dividend being paid on the preferred sVocn
cannot this time be determined, but tnere are
ess many Things yet in keep alive pnDhc inter-
est in the stock The preferred shares made an advance
from "a To s3 but the full advance not pantaiued
On Monday the Stock Exchange noihed by tDo feS
dent Of the Rock Island Company OF an intended issue
10000 shares-of new stock This had but temporary
effect on the price, which, after selling at 1Obdl raj
lied 20 l1OE. The tone Of the general market was nri
but frequent reactions took place. aud prices follower
more or less the course OF the leading vorte To-day
there WIS marked diminution in the volume OF bust
ness all over the list Speculation I'm Erie and Pachc
Mail although at times active, had its periods OF lue'
and during the afternoon the fluctuations were
very Hight. Erie sold at Gl9Gli at the open
ing, but declined later two points faoihc
Mail fell of from 7si to ma and later recovered
TO 7as with afternoon transactions mt 7a0Ra@I8'
The policy I'm regard TO this stock that clearly
comprehened 80 long the President OF the Company
held absolute control of tho market became az Opaque
"a a coal vein as soon as another equally stronE PS
was tempted TO compete for the possession OF the prize
The shares we're their downward course preparatory
to being repurchased the e1treest possible point OF
depression but it appears from MI Gouds statement
that he is now largely interested the stock, and II SO
the rise OF the last few days may ascbed to the de
mand from this unexpected source Should he obtain
possesson of controlling interest, "What
viii ne do with iti" without the ran
anna Railroad IL o question that VIII naturally
occur to great many minds for without friendly eon-
necon with the Ithmus railway the business OF inc
fftra q
mu h as the now Acknowledged Napoleon Of the Street
cannot be supposed to have reckoned without his bos
IT, safer 10 assume that he has taken In the entire
ground at single view and that he means to demand OF
Mr. stockwel Joining OF hands on the basis OF dlvi-
sion" OF the SPOIL" would say, but as we pre-
fer 70 express of the profit OF the business or the TWO
companies copjoin ed. IL the Pacific Mail Commodore
declines the alliance, the contest will be reduced 10
question OF endurance between them, and should Mr..
Gould succeed in gaining control Of the steamships with
ont the railway he will really have added another white
elephant his previously large geological collection
With the Panama Railroad aud such combinations as
may be made with the English Steamship COM
pany-suppOsng them TO be only human-and the
Union Pacific Railways few individuals may control
not only whole Of the transcOntinental traffic nut
large part of the foreign of the globe After
the extraordinary development Of genius on the part Of
these two raor H is not TO be supposed that they 90
not appreciate all the advantages OF the position OF
that they will spoil good thing by quarrelng long
over IT, II they determine 20 join hands at once ana
work together IN good faith Pacific Mail shares will de-
cline because their policy Will then be to buy
in all the struggling shares at the lowest price to
which they can be depressed II they "agree to dsa-
gree and continue to be rivals the market quotation
for shares win doubtless advance, for they will become
competitors for stock and may bid against each
other like two resoute at auction If outside
fools will crush ia where angels fear to tread" 1t viii
be for them first TO guess which OF the two diverse
courses will be taken, aud those who guess correctly
Will win Just what the others lose. II they Will take
wholesome advice, however they will stay severely OUT
Next in Importance Pacific Mail were Western Union
Union Pacific st. Paul common, Lake Shore aud New
York Central, all OF which advanced to 4 per cent
shortly after the opening, but later lost the improve
mcnt, the final dealings being generally at nearly
the lowest quotations. Hannibal and st. Jo-
seph preferred rose on small transactions
from 6s5 to TO- Harlem sold at 1l3i, exdiyidend The
miscellaneous, coal and express shares were steady.
The following the opening, highest, lowest and
closing prices OF stOcks