New-York tribune., 1873-01-18
OF BUSINESS,
SALES FROM u TO CLOSE
FRIDAY, Jan. Up. NJ.

Pacific Mail is like any one Of several OF
our Western rivers that makes many sudden turns,
and at times may even seem TO be running mp
stream. but the general inevitable tendency OF
which is toward lower level Closing last night at
90 and opening this morning at the same rate, II
gained half toward II o'clock, and then dropped
suddenly away to 69!, closing this evening at OH
Public. opinion is gradually settling down TO our
views of the programme in regard TO TINS Stock ana
those who have not gracefully submitted to loss by
selling ont. OF who have not determined to
hold on 70 the bitter end-are shvering in the wind
A few who cannot forget the giddy altitude lately
attained by this stock are occasionally tempted IN
only to wish in day or two, that they were safely
out The sooner the managers OF the Wal-st. de-
partment of this company are permitted TO nave
their own way the faster the STOCK VIII decnhe ana
the sooner will outsiders have opportunity TO buy
for a rise. The movements of Central and
Hudson to-day were elephantine, the steps
being short and few, and showing no very
material change of position. The first sales
of the morning were %, with step forward to at
the first call step backward TO % at o'clock. and
a retnrn IN toward o'clock. closing at g. bid.
Erie seemed 10 be aping the manners OF the larger
member Of the geological family just mentioned,
openinp at 81. gaining moderate transactions
per cent and then dropping gradually away 10 oO''
the exact closing price of last night. Lake ohore
kept the even tenor OF It's way, scaIceiy
VARYING perceptibly during the entire day, ana
winding mn at 92,, the closing quotation OF last
night Ohio and Mississippi has fairly dropped
into its old rut, and the innocents are Delng
"uiIkedD inst as they were months ago, but the
vield IA exceeding small Northwestern is without
change and probably Will remain so until its pro-
pretorp determines upon policy which he probably
cannot do putil the Illinois Legislature has expressed
itself on the subject of the Classification act What
ever NAV he done in that regard IT seems clear that
there can never again be a genuine active movement
in the shares until the price is dropped to point
where the public will be willing TO buy on ments
and hold for a rise. No amount of putting OF false
sell;r, will be 20 potent to excite an
n,s;de interest as pnces down in the '0s.
Rock Island too is almost at q sandstill, as If the
leaders were biting their several thumbs and won
deripo what they should do next, IN order to empty
so,n mora pockets into theirs. At present they are
evidsntlv eogitating and the price remains quite
steady al about ILL., closing at less than that. In
g, pap stocks the price is almost stationary, and
The saes are but expressed by the little word nil
"a vas the closing quotation for the Common.
Wahasb. Western Union, and Union Pacific nvaled
s,ch other in steadiness, and closed respectively
without noteworthy change from the prices of last
night In the afternoon, the report becoming cur
rent that combination Of coal dealers mad peeh
formed TO put up the prices OF anthracite gave tone
70 some of the coal roads, and New-Jersey Centrai
moved up from 10li TO 1882 and Delaware Lacka-
wanna and Western two points to w. Harlem ad-
yapoed to 1T. The miscellaneous stocks were
neglected and Expresses steady. The opening nign-