The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-27
AT TEE FIFTH AVENUE HOTEL.

The new and interesting phase In the sale and
purchase OF Erie stock In London ana on Wall street
produced o mild sort OF excitement all over town
during yesterday afternoon ana evening" Mer.
chants and fnanciers on their way homeward
stopped at
, THE CLUBS AND CHOP HOUSES,
those quiet little retreats only known to the nascu'
line portion Of humanity ana which emulate In seclu-
sion and cosness their older prototypes on the other
side OF the water; and they fingered there In small
crowds TO discuss, over fragrant glasses OF porter
and ale the great subject Of the day. But, OF
course, there were larger congregations at the
great hotels where, after tho "brOkers' dinner
nour," those who took active part In the doings
which created the excitement gathered together
and brought with them from down town the very
atmosphere Of Wall street and the spirit that had
regned there during the hours OF business.
Al THE FIFTH AVENUE HOTEL.
AS early as hafpa four In the afternoon small
bevy OF gentlemen had come together In the bar
room OF the Fifth Avenue Hotel listening with eager
ness TO the queruous clicking Of the Geographic ind
Gator, while one Or another OF them read from the SER
pentine slip Of white paper that was continually
growing out Of its noisy lips quotations of
the prices OF all sorts Of stocks as they were
rapidly transmitted from Wall street. The variations
that had occurred since the opening OF the day,
when Erie had been at 02-one per cent higher than
Of continual comment. The lively temper OF the
market was something that seemed 70 presage more
unsettled. 1t was believed that despite
THE ADVERSE FLUCTUATIONS,
the stock would soon be much higher than IT had
been before, tnat the nckleness Of the prices was
but the indication OF O stronger and steadier tone
hereafter. the statements recently published of
the debts, earnings and property OF the company
probably had influenced the nOn-proiessiOnal buy
ers oil the stock unavoraby for the moment, but
confidence would be soon restored after the trial
that the quotation at eleven O'Clock Of 81, and.
later OF 65 and Go showed that depression so low
as o. pio0a0 so 1ssat oeSo rEEn EFFORT
on the part OF buyers, and could not possibly have
opinion gathered strength at i've clock, when the
dispatches closed, and the prices indicated were
1t was reported in conversation that early in the
day persons who had other stock than Erie had sui
fered their apprehensons to extend to the safety OF
could OF what they neld. THIS was true of the Bal
timore and ohio, upon which large amounts were
said to be lost. Among
THE WATCHERS
OF the prices ct the Fifth Avenue was Mr.. W. J.
m emo sen With his
countenance; but was like many others there now.
ever, whose moods were doubtless more .d Influenced
weather out OF doors than by any connections in
the financial world, and who were only Idly min
Cling with the crowd from sheer dread OF en,tu.
At half past eight the corridors wore an animated
aspect with restless throng moving about or
TALKATIvE GROUPS.
However, there was no vehemency OF feeling mani.
tested, such as has distinguished financial crises
which have been attended by great and pltiiul ruin
The eccentrcitie3 OF the stock market yesterday
such that 1t seemed as II only luck guided the
few quiet private sales took place last evening Erie
being bought for 651a THIS statement, however,
when circulated was not universally believed 1t
was thought that with present indications no one
would be foolish enough to sell al such price.
A QUIET SORT OF JOvIALITY
prevailed among the overgrown boys OF Wall street,
as II they scnted victory alar or or at least
most exciting battle. AS usual they res0rtcd to
trl1ng practical jokes, interspersed with tale tell
ing OF the broad dramatic ORDER that each circle
mad its entertainment, and without any admission
Fee. large number Of bets were made and re.
corded upon
THE FUTURE PRICE OF ERIE.
Many Of them we're offered with the firm conviction
that to-day 1t would reach "A. One follower Of Man,
mon shOuted:-
"Pll sell 5000 shares OF Erie at 65."
This was taken, however, as Joke, and laughed
Union Pacific, which brought 39h, although on
'Change 1t had closed OF 3S1.
The place for the
TRANSFER OF ERIE STOCK
Is the ONCE IN Twentytnird street. where It Is said
the clerks nave been excessively busy lately, the
stock public growing all the time about delay. Mr..
RalstOn, President OF the Farmers Loan and Trust
Company, who was the devoted object OF some AMI
madversion, declared to reporter yesterday that
his ONCE was used only for the registry OF stock and
the issuing OF certificates.
The crowds in the hotel last night at length, like
the SHOWS OF spring, melted, and the mOneymen
unfoded their umbrellas like the Harabs and as
swag9erlngly sauntered away, to lie awake think.
lug OF the rise OF Erie to-day, and to gaze per-
chance upon visions which might be either glowing