New-York tribune., 1872-08-30
THURSDAY, Aug. 29-P. N.

IF the stock market responds to the general
expeee.on we shall have an active business and higher
prces on all the better class Of speou!atyes The really
strong mon have been absent from the street for the past
two months so, leaving their several faYorltes quite
TO the mercy the class Of operators expressiyey caed
guerras by soe and gorillas by the iterae VINO III
dulge m no wlre-drawn verbal distinctions When these
not the gorlllas but the strong men atoresaid-shai
have returned 20 their usual haunts in the street. we
may exuecJ them to burnish their eyeglasses, take
calm and thoughtful look at the stock indicator,
and consulting their lists Of outstanding " Puts IN
Central western Union, Lake Shore, Wabash, ONO ana
Miss Union Pacific, Rock Island and Pacific Mall
generally at points that are higher than the present
prices-they will try TO make acquainted with what
tho know about the carrying trade of the country and
the securities popuary supposed 90 be dependent upon
I, for tbeir market value and wi doubtless. as much
bv the moral magnetism OF their presence as Dy ther
actual purchases vOuchsafe us better prices At easO
this ia the calculation OF the hopeful operators
Much is said by opposite or bearsh class respecting
the magnitude OF importatons and our growing n-
debtedness TO Europe. il we had ever PAID her IN
spece for any considerable portion of the gewgaws she
kindly sends us. But" says Bruin, with confident
AR there must come aday when she Will no longer re-
ceive our paper promises to pay as eash, Gud "hat
thenip 'Why" replies Hopeful, "t may be 20 or 80
years before Europe gets full OF our good thlng' In te
mean time our country Increases rapidly in wealth
''N''NN
pay than is the smaller of the present time And
shall we forego all the opportunities OF the next decade
or two through fear of something that may possibly
occur at the end OF theml Again." says Hopeful be-
fore Europe can possibly become surfeited with our
securities we shall require less OF her hnery,
inasmueh as we are gradually approaching the
time when we shall, TO mnch greater
extent manufacture for ourselves We shall have our
own or imported silk manufacturers. for instances and
what with orr improvements in machinery and the de
veopment OF mineral resources we snail nave more
specie to pay WITH and less need OF II than ever bef0e
such is the drift of conversation Our readers must
give all sides patient hearing and then Judge Tor them
selves II seems however, clear enough that so long as
we choose to offer to Europe we-secured gold bonds
bearing from per cent interest she will continue to
absorb them and that the process will meet with no
serious check until shall cut ofcommunicauon or
the rate OF interest in this country or Europe snail Dc
come so nearly equal longer TO present an induce
ment 10 European capitalists TO send their spare funds
TO market AZ once so distant and remuneratve as
! ours at present.
To-day the stock market opened firm with fair
show OF activity and. general expectation
as the morning the dealings dwinded into COM
parative ns.gnhcance and the market became dull be
fore and at the call there reaction IN prices winch
tended downward Erie opened strong at 5o but subse
uueny sold i0s l0i 0i9! di9,9 949S Pacihc MAIL as
well as St. Paul at the declined per cent and
tho Vanderbilt stocks Ohios Rock Island and Western
! Union TO \. The market however. rallied after the
o'clock board and Erie advanced 10 60I New YORK Cen
tral and the other prominent shares followed SUIT the
first named selling 9si 10 s9t On nearly AL tue
| other shares the sales made toward the eiose
were at the best prices OF the uaS
and busness seemed TO revive during the closing hours
Investments were quiet aud steady, except Panama