New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-16
and made brisk improvement Of about half goi1. n, in

from is high estate and declined from 1884 TO li2t the
Depression, however, finding assistance In some
hesyy sales of prominent bull, who has
been for long time trying To- noi.;r
view OF ayerqing his losses The short interest is very
light lust now but it IL undoubtedly owing TO TINS ele
meut OF strength that tho market is prevented rom
seeking a lower level. Foreign exchange has been
strong and higher all the way through Com,
mercial bills have been scarce, ~ growers
have been unable to cover their bills owing To the
difficulty in regard 70 ocean irelgnts I9e amount on
tuniage az this port f. amentaby nsuncmnt Tor tne
produce and merchandise awaiting export iacles anu
this necessates the elgagement OF room ahc t nc
Government bond market has derived htiensth IRON the
uniformly brisk inquiry already existing, and inc
reasonable expectations OF demNHu ioI jfppGIe
stock is very scarce, holders arc unwilling to part
with It. In Southern State securities, me Illnesses
have been galvanized into new me- anu mace ah Nv
ward OF several points The vlrghs aIe ~ igse
under some recent decision OF te slpele Ioult VI o
State relative TO taxation Railroad bonds nave en S
animation, and an active business mas Decn on1
in the Pacific mortgages ana hrstcass western ioa ~
better figures, with prospects OF far Iurtner enhance
ment. ,-, - .s.,
out cessation during the entire week. and was the lead
ing il not the absorbing, feature Of the Stock market
The extreme decline In the shares was from 500 TO roy
An item of "a per This steady depreciation Is ac-
counted for la various ways we 90 not auOpt the COM
mon theory however that the loss or steamers mas had
any essential influence upon the price In the irt place.
IL memory not at fault the best or the lost steam
e e1sePs sne bs he e as value az now that the
side wheeers are 80 far behind the age, IS prooaoy
nearer SO0OO0. This would be equal to IL per cent
the capital stock for every $4,000 steamer lost or
less than per cent for the entire losses OF the year. while
OO-a dspropOrtiOn which shows clearly enough how
little these mshaps have had to do with running down
the price of the shares regard the business of the
Company, IL has o. late years been so profitable as
from assumed premises have generally left Of the
two material items OF depreciation and M
suIanco which cent would lie allowed under
ordinary circumstances but III the case OF steamships
depreciation is two-iod resulting not only rom me
usual wear and tear but from the fact tndt newer
steamers make better time and consume less
fuel and every Improvement IN theses respects
The future price Of the shares OF tins company seems
clearly 10 depend the whlm OF single person. II
even Though number'ess "fools should in" 10
avail interfere with his design IL is not 10 be
expected that who has shown such an aptitude for
stock manipulation VIII commence To BUY IN hla shares
at the present quotations NOT 90 we DeeVe there Is
disposition any quarter To interfere In the matter,
though spectators Of every degree are looking on with
unusual interest. Those who take our advice VIII
do no more than observe for the present, ut least
The dealings represented in the Stock Exchange hss
IN this speciality were enormous and the huctuati0n IN
prices rapid ald frequent but considerable portion OF
le E ~ i's Jsab AZ Is per cent in bot1
classes OF stock next Importance. change
in the directory the reason assigned for this Advance
MFR. Henry " Smith being ousied from the
presidency and his place filled by Mr. T.
:. Higgins, the wealthy carpet manufacture
The movement in this company, IL II really results IN
placing the concern in the control OF good men. and
and appreciate the value OF the property. may
prove 10 be something more than a spasn The road is
an important link In the cnain forming the best OF all
the overland routes having the ST. Joseph ana Denver
ity ana the Union Pacific the west and the Toledo
ana Wabash &c. &c. on the East. far the mere
stock specuon Is concerned outsiders will be wise TO
maze it safe Tor foreign interference" The Chicago and
Rock Island clique, some of the members OF which are
Old sagers wise IN the wicked ways OF Was are an
their success In creating nrsteliss eX
ctement IN the SHARES OF that Company " L. Is their
VOCATION Hal" and will be piled until they all become
as rich as bOn Croesls aid CrasSus, provided always
they do not ala Gould and smith, attempt to devour
each other The stock has great intrinsic value and the
general knowledge OF this fact insures such wide DIS
tbuton or the shares as to maze IT easy for the larger
holders to inplrt life to 1t at m0ments notice.
Capitalists fond Of buying when depressed because
1t good nterestpaying investment ana OF dlsposlhg
OF ~ wnen any undue excitement on tue STOCK bAchanse
up the price few points IL Is heavy stOch
10 carry, so that, when panic oyertakes the gen
eral market small dealers are generally me victims
Very Little effort has been made To revive Northwest
few Puts" nave been sold, near the market partly
10 keep the Old fayOilte from dying out OF memory anu
partly ~ induce the nnOcents to assist III carrying te
burden THIS device was TOO Easily eomprehended 3y
the crowd however TO work satisfactorily, 80 that MI
Gould is likely to remain Tor some time yet the sole pro
prietor OF pachyderm OF the extremeS wilderness and
tue most p0hderOus proportions western Union Keeps
on a its Old pace the Transactions being large and dis
tIbuted anoug al classes of dealers though the iuct
anon to-day from h6 opening " the close was barely
Sufficient TO pay proS " the most fortunate operator
for The prc ssioh Is hat the controllers OF TINS
Company can sell the concern to the Government ~
perhaps 10 d or 20 per gent a""ye gIe9epu
the heaviest stockholders are Of opinion that
such sale would be nnwise both for the
Coippany and the Government rye Goarse OF the gen
Wabash advancing from SO to "a, Western Union 6S1
from So a fSed 80 North oS West tn @ i s rsS
Common from 80 to 5Ii, and Boston, Hartford and Erie
TO Rock Island selling hlgn Ilt
1885, Delaware Lackawanna and Western 0ib Quick
silver 4A; Preferred, 55t; Atlantic Mail, IA ana Can
ton, 1875 On Thursday afternoon there general
break prices with more or less weakness observed
since that time The shares above mentioned
formed the leading features OF speculation. the
remainder of the list having been almost nominal both
in point of business and fluctuations To-day the speeu
aton has been limited the only activity being in Pacific
Mail Western Union Telegraph, aud Rock island There
were lao new features elected in these special
ties however, and their various evOlutidns
and changes were much less important
than on any day during the week Pacific Mail opened
73e73l ana the remainder OF the list steady but the
former ueclining to ia, downward movement invOy
ing decline of only 20 per cent developed before
and the first board. Thwas quickly succeeded, how
ever by recovery in Pacific Mail TO 49, Rock Island
from 1921 to 1Oa and Western Union 49, 10 Tl the
Improvement IN the other shares being 10 per cent.
After the bank statement the market sagged again. but
its course thencefOrward TO the close marked by
special interesting occurrence. The afternoon mar
ket was extremely dull, closing at p. M firm. Tie
street deserted nc early hour. The opening,
highest, lowest and closing prices OF stocks
fnfln