New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-05-27

the London prices stimulated demand here which
RED up quotations at the close to the highest of the
week and the best OF tho In State bonds
was very little note Tennessees being strong and adj
vancing while the rest Of the list was ndGerently sup
ported
The railway speculation has been on the whole though
active somewhat irregular and feverish. diversity OF
sentiment has marked the Of the week. this being
particularly noticeable In Of the leading shares
Pacific Mail early became the leading feature OF the list
It's prominence being sustained even unto the close
This stock noticeable chiefly for Its meteorc course
On Monday the transfer books closed up to which time
there had been difference between cash and regular
transactions of to Z per cent, the closing price
at night having been 3a On Tuesday tho price
advanced to ST. on the passage by Congress
Of the bill allowing the Company 100000 for mail
service between China and Japan Since then however,
the price has made extraordinary movements with
eventual result OF decline to iE In explanation OF
this remarkable break there many theories, among
them that there had been bad faith the part of
the prime manipulation in the late upward campaign an
other that the stock purchased for the election had been
sold after having fclhled its destiny another, that
Washington legislation not being above the tempting
influence OF honest dollar or two, had also realized on
their calls and still another that found some
support at the close was TO the effect That
as the present management had obtained the
two-thirds voting power requisite under the late
State legislation, they viewed the decline with more
than ordinary forude in that it enabled them to pur
chase lower market rate the stock necessary for re-
tirement under the provisions of the bill authorizing
reduction in the capital stock Of 80 per cent Among the
prominent declining stocks OF the week we may men
ton Quicksilver which fell of from II to IA per cent as
rapidly as the Spring advance had been. though this
fnds no reasonable explanation. Erie was run down
from T5s to 6a IL transpres that the late advance to
the higher point mentioned enabled some OF the foreign
bankers to market considerable amount in the street.
one house being credited with selling 10000
shares 1t is by no means unlikely that this may
have Influenced the large specie shipments for the week.
full history Of the fluctuations may be found In our
usual comparative table below. To-day the market has
presented dull and heavy appearance from the COM
mencement OF business save when momentary ami
nation and slightly improved quotations resulted from
the favorable return OF the banks This was OF slight
duration for the reaction quickly gave way, and at the
conclusion the market was weak and II TO IL per cent
below the best fres OF the day There was no special
gossip aoat In the street, and the day will pass as
among the dulest OF the The larger dealings
were in Pacific Mail, Erie, c. C. and Indiana Central,
Boston, Hartford and Eric. and Union Pacific. Panama
sold at 49, and Delaware Lackawanna and Western lo
Miscellaneous shares quiet and steady, as we're
also coal stocks. The movement in express stocks was
pretty at strong figures. The opening highest
lowest and closing prices Of active stocks were as fol-
lows: