New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-28
FRIDAY. Dec 27-P. ".


In the face Of a tight money market there seems
TO be an active movement in Central and Hudson
with gradual improvement in the price. Whether
this unexpected condition arises from purchases
made by Commodore Vanderbilt to show his indifer-
ence to causes that so largely influence mere COM
mon humanity OF from well-grounded hopes Of the
lonR-promised scrip dividend, is beyond our ken.
Pacific Mail seems 70 have dropped into the Oh rut
and is moving gracefully down, Just as II was
doing before Jay Goold put on the brakes
and turned the machinery in opposite direction.
If the decline continues it VIII incline us to the
belief that he and the youthful Commodore have
come to terms and than the programme of the latter
is TO be continued until much lowerprce prevails Al
65 il il believed that nearly all the small operators
for rise would be compelled to sell out, close
accounts and become a sacrifice 10 the passion
| for playing against loaded dice, leaving the
| President of Pacific Mail a clear field 10
| repurchase at GO the shares which he sold at
| an average of 90. Toledo, Wabash and Western,
though not a favOrite with outsiders commands Of
late more than the usual notice of the street on
account of its Importance part OF the great cham
of railways now being formed across the continent.
and the price has been gradually advancing for some
weeks as if prudent manipuators were quietly gath
| ering in the shares. Its mate-fellOw, Hannibal ana
/ st. Joseph. has gone ahead more rapidly be-
| cause it had been depressed much move
| below its real value. The latter road mas hereto
fore abored under the disadvantage OF coming 20 a
full stop at the Missouri River, with no satIstac-
tory connection west of that point. But the bridge
across the Missouri is nearly done, and the St Jo-
| seph and Denver City cars are running through
from the opposite side of the river, TO connect with
| the Union Pacific at Fort Kearney, that in the
| Spring the chain will be completed to San Fran
| CISCO Western Union Telegraph stock stands
| where it stood more than two months ago, hay-
| ing in the interim fuctuated sufficiently TO keep
it fairly active. and to permit the professional
| operators to make several handsome turns. 1t ~
shrewdy suspected that the stock is gradually fall
| ing into the hands of those who know most about
| il: but whether with view TO a further material
advance or merely for another turn is question
to be able to satisfactorily answer which would be
| only next to finding the philosophers stone
| To-day the Stock market opened firm. with the
chief strength in NJ Y Central which sold freely at
99tagol but late in the day declined TO 9s1 Pacific
Mail after selling down 10 49, rallied to IL and
acted to 70, but finally closed firm at 7S.974.
| c. C.. and l. c. developed fresh life and activity
about midday and made an advance from So! 10 81,
but in later dealings receded about per cent. Erie
declined to 6Ob. but closed strong at 81. The North
| West shares, though dull. were to Il per cent
| higher The remainder of the list was dull and
| lower, particularly during the period when money
| was most active and stringent The Stock Ex-
change closed at 8 p M, which will be the hour for
closing business until Jan. p and ought to be the
hour from that time henceforth forever. The fol-
lowing were the opening, highest. lowest and closing
prices of active stocks sold to-day: