New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-05-03
THURSDAY, May 2-P. ".

The stock speculation was active Ill tho
u.ua conspicuous leaders of market the general list
moving along quietly, though in tone sympathzing with
the Variations Of the prominent stocks. AT the opening
prices were barely steady, and quickly developed
weak Tone prices running down TO Il per cent Pacific
Mail dropping to a. and c. C. and l. C. TO 81 At the
first or 10 o'clock board however, there was deter
mined rally strong buyers went into the market and
although at no time the market exceedingly active
vet the utmost strength developed, as Pacific Mall
the prominent card. was run up per cent.
The conspicuous prominence recently given to the
shares Of this Company by the large dealings at the
Stock Exchange and the desire for points In regard to
it not only. compel more than passing notice, but
entite the public to all the obtanabe information as 70
It's status and prospects Therei probably security
of all those denominated "specuaves" respecting the
value Of which opinions have been more
variant, for these hdbtuSs Of the bourse who
equally ready to go short" Of It whether the market
price be 30 per cent upon the par value six times
fifty, while others, almost unreasoning as
firmly determined to buy and equally indif-
ferent as to price. The latest Juror in the
stock "a deemed. like the many which have pre-
coded to be largely due to the repressbe conflict Of
opinion between these two classes Of operators, the
larger proportion Of the bears selling short because
they have always done and the bulls buying just at
present. on the strength OF their belief that certain mat
ters OF legislation pending In State and in Congress
will result favoraby TO the Company These two classes
make o large aggregate, but the really heavy holders,
We confident rather Indifferent spectators Of the
conflict thus created They more less Intimately
connected with the management Of the Company and
seem resolved to pursue the of their way
whatever may be done by Legislatures the smaller
animals Of the Stock Exchange We think
We are not deceived in accepting the theory
that the latter operating what they know TO be
the present and believe to be the business Of
the company that TO the expression OF OF their
number, they In for long and steady pull" and
that the rising falling Of the daily hourly quota
tons gives them small concern, though II they have
already bought all the stock they can conveniently
carry they need hardly pretend that they do not prefer
TO find the Of the outside operators acting in har
mony with their views and interests These to be
the simple facts In regard TO the present status Of the
stock The future statements TO the business and
plans Of the company will show whether those know
ing ones" have reckoned with their host not Mean
time would 1t not be well for outsiders before buying
moro stock parting with that they already own TO
pay visit TO the companys Office and mako themselves
acquainted with what the company doing In the way
Of money mAkIngi
Side by side In the upward run was g., c. and I. c.,
which improved per cent, the thus established
being communicated 10 tho entire List y. Y. Central