The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-17
.ua q 20 cou....... g2h N York Haven SIS. 100
To Wab LIST m exec. 8 Bost. Hart 4 lst m rs 40H
To w LIST st L div e97S Bos, Hart Erie gtd. %
T0l Wab I'd Mx Cedar q MINI LIST S3L
To Wab equip bds.... $50 Det Non Toll 95
To w 80 Lake Shore div. ........ 80
Han Naples LIST m 90. 9Ox Clev, Painsvl ASH. 80
THE CITY BANK STOCKS.


THE CITY BANK STOCKS
The following were the bids for the city bank
shares:-New York, 1856; Manhattan $50; Mer-
chants 100; Mechanics, 1885, America 1850; Pnenix,
1o4; North River, 50; Tradesmen's, $50; Fulton,
15sA; Gallatin National, lis; Merchants Exchange,
"a; Leather Manufacturers, 1856; Seventh Ward, 96
state Of New York, 1l2; Commerce, lit; Mechanics
Banking Association 10; Mercantile 1875; American
Exchange, lis; Bank of the Republic, ia; Hanover,
100; Irving, 127; Metropolitan 140; East River, no.
Nassau LOG; Corn Exchange, l25; Continental, 94z;
Marine, 1855; Common wealth, 80; Importers and
Traders. Ill; Park $50; New York National Ex-
change, OF; Central National lOl; Fourth National
Hay; Oriental, 100; Bankers and Brokers' AssOcia-
ton, 80; German American. lo6
STOCKS UNSETTLED AND LOWER.
The stock market sympathlzed directly with the
fluctuations in Erie which were quite erratc, the
price advancing from As 10 AN. tumblng to a, re-
covering to ASK and closing at ASK. The dealings
In this specially were on an enormous scale and
must have reached an aggregate OF 100000 shares.
The cable from London and the domestic telegraph
wires were loaded with orders to buy and SELL II
seemed as If the Old and New World were speculat-
ing all at once in Erie. Heretofore the American
and London markets have usually dealt chiefly In
government bonds as vehicle Of speculation COM
mon to both. But now Erie Is likely to supersede
the hve-twenties as the great attraction for specu
latOrs on both sides OF the Atlantic. 1t Is not ex.
aggerang the facts to say that many Of the orders
executed In Erie on the New York Stock Exchange
to-day came by telegraph from such remote points
as san Francisco in the West and Frankfort and
Berlin In the East Indeed, two Continents were
buying and selling the stock. In endeavoring to
explain the rise and fall to- day the mind becomes
bewildered at the multtudinous theories to which
the fluctuations may be referred. Suflice 1t to say
that no one party, or clique or combination Of
cliQues controlled or could control the over
whelming movement. The McHenryites, the
Jay Gould party and the other several
combinations were pigmies IN the giant speculation
OF the pOpulace OF two worlds The fact remains
that the selling sentiment OF this mass OF dealers
was In the majority at AN, and the stock broke.
But the buying feeling was in the ascendant at A,
and the stock went back to 46A, the subsequent
steadiness at 40 45h beng the neutral ground ON
which the two sentiments became evenly balanced,
to be swayed In one direction or the other as the
future shall develop reasons for rise fall from
this temporary equilibrium m. One thing seems GER
tain, that Erie has been restored to Its old
pinnacle of lame as the great speculative
medium OF the Stock Exchange. with the
modification that hencefOrth, with q cable
across the Atlantic, and the shares distributed over
the two continents. It's field of patron mage will en-
brace much wider area The rest or the market
though the decline was not Important The sensa-
ton after Erie, and an ofrshoot doubtless, Of the
movement therein, was an extraordinary develop
ment Of activity in the musty shares of Boston,
Hartford and Erie, which were hustled out OF their
silent retirement at "a and whirled up to TX. At
the same time the mortgage bonds, guaranteed by
Erie, ran up TO AZ q As. On the other hand Pan
ANA dropped per cent, to 81. owing to the closing
OF the books to-day and the consequent barring OF
the privilege Of voting on certificates deliverable
Irregular way" Canton fell of to Of. The express
stocks were rampant with sale OF Adams at 99H.
New Jersey Central at 1l3, Delaware and Lack
awanna at l12h and Harlem at l124 were the top
points in the ground swell accompanying the first
upheaval OF Erie. Pacific Mail was neglected and
steady. The injunction case was argued before the
referee to-day, but without conclusion.
The State bonds were quiet ana strong. The new
South Carolinas advanced to 38H.
HIGHEST AND LOWEST PRICES.
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