New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-06
THURSDAY, NOVEMBER 6, 1873.
"WEDNESDAY, Nov. 5-P. NJ.

WpDyFsDAY, Nov. 5-P NJ
1vb;,o tho general outlook in commercmi cIc,eo
,..a heon no worse to-day than on Monday ana '"o
condition of the banks IL without materia' o"'nso'
in the railway share speculation Inc pc',' -
hold triumphant sway and have kept the pan io'i"s
rnerrily down the descending graoc, i,O o,'s
n,,nng the causes for further decline IN stocks
o. Jav was the trouble in the Texas Pacific Railway
Copstruction Company, growing, 1t is said, OUT OF
the failure of some of the parties subscribing 10
the stock originally to take up the same
when called upon for their allotment3 AS
the great master-spTit Of the organization Is
Thomas Scott the head-center of tho PennsyIvahm
Railroad the misfortune Of tho Texas concern re-
Elected quickly and severely upon tho Pennsy wanna
Company the officers of the one being almost Iden-
teal or at least in close utilization, with the other
Hence the breakdown in Pennsylvania Railroad
shares at Philadelphia from A., yesterday morning
to 40 to-day. Then the adjournment OF the Dlrec-
tors Of the Pennsylvania Railroad Company, with
out arranging for tho semi-annual dividend,
had its effect in depressing the stock ana
preventing any smart and sustained rally or recoV-
ery Ii is understood that the Company VIII make
only scrip dividend this time. There was also
considerable talk about trouble in the London honse
Of Bschofsheim a. Goldschmidt the bankers OF Ere,
which caused break in that stock IN the Lohuoh
market to &c. with corresponding decline mere III
fact the street has been uncommonly full OF ruors
to-day some started perhaps to produce the decino
in prices and others to explain IT. Inc eAtiaoi
binary depression in New-York Central which uc-
cIined temnorarily to TX and the comparative
stropo 9TH Of Lake Shore was ead by one set 10 DC
attributable TO the alleged fact that Comnouoio
Vandorb;It VIVA selling Central and buying Lake
Sbore "a a good speculation. Another set OF gosSlps
state that the Commodore borrowed during the pres
ont manic the tre of two three millions on SNORT
time which loan il about maturing; that he IL I'M
oil, IN obtain n renewal of the lean and ~ now
sailing Central in order to raise the funds necessary
to meet his obligations. Again story has been put
in circulation TO the effect that there is something
not mite right in the accounts of the Central
story which nobody believes but concerning which
many people act just as if they did believe It, These
and other ruuors of trouble and impending disas-
tors made the GENERAL stock market weak and prices
dropped lower in some cases. than at any time since
the becnulng Of the panic The active stocks were NJ
Y. Central Lake Shore, Western Union Telegraph,
Wabash. Union Pacific, and Ohio and mississippi
and the decline from the highest to the lowest prices
of the day was from in Northwest Common to 4.
in Western Union Telegraph, follows: Central
and Hudson, 3. per cent; Erie 3; Rock Island q {:
ST. Paul Preferred, i Wabash, Northwest IRE
ferrcd and Delaware, Lackawanna and Western,
each Il; Pacific Mail, 1s; Lake Shore, 49, st. Paul
Common andIIannibal and St Jo,, each /; O.. C. and
LC :; Ohio and Mississippi 2, and Union Pacific :
per cent The market closed weak, but at frac-
tional recovery from the lowest prices of the day.
The following were the opening, highest, lowest
and closing prices of active stocks sofa ut the boar
to-day: