The sun., 1873-03-01

FnrpAx, Feb. 2s-P. M.-There was an i'm
menss specuistion at the Stock Exchange to-
day. and the volume of business much above the
average, though the transactions were almost
exclusively confined TO q few shares, such as
Pacific Mail. Western Union, Erie, New York
Central, and Lake Shore The general msrketex
hibited considerable strength In the early trade,
but subsequently, under the pressure OF free
sales, became weak, and declined as the day
progressed, though after the second call there
was a sharp rally, with prices very strong at the
close. The dealings In Pacific Mail were on
scale Of great magnitude the price opening
strong at 62jS, but steadily selling down until
touching 55H at the second session OF the board
though subsequently reacting TO 5sH, and closing
atHk. There we're many rumors floating around
the street respecting the transfer Of large blocks
OF this stock, but they were not generally
credited. Pacific Mail seemed throughout the
days operations to have broken away from the
general market, and 1t has certainly lost for the
present at least its power TO influence or con-
was remarkably strong, with a large business in
Ho dropped Ssr ceSt 3 ro% soy AZ The % opepins
but afterward led the list In the later dealings at
iected large &c @ volume Of trsnssctions. sPeeuls-
ton having been induced by the advance In Lon
was strong in the early transactions, but fell on
per cent. to 2k about midday, In sympathy
with the decline In other leading shares as wei
Central dropped TO iosS about noon, but after
ward rose 10 lOl,. with late sales at IO3A c., c.
and /, G. fiuctuated between 3pf and i0Js, but
tne cnhnRes IN ROCK Isianu WSIe ess
and the business Ilmlteu. Ohios anu on;on a
tuatIons were within n narrow range. and no
special feature was presented. Boston; HARTFORD
mornne pus Wa Jue. ~ .nS ntIn ~, az III
opening pnce was pa WIN a uecnne 70 o9, uut
respecting this stock except that the street rti-
NOR recently circulated to the effect that
sassment of az Der share was proposed Is
IN II IL a II w ~ w.
omyyiiaaLiy uehleu. .. A.. -. ., A.. x.a.
win easier money AT .he cIose, anu tne Iact
| noon brought renewed confidence, and there was
| n Considerable buyinR movement apparent In
the Anal hour OF b,isness the erlshneas OF the
mornina hayiny Tor the time at least ceased 10
i,,9,.a, a,,aa,,ta,i,n Trha ,o,aI nun,hor ~
s.ics 70 day am o,Inted 10 ST s;sa shares OF which
Pacific Mail represented 1f0OOO; Western Union
| 81 s4B: Erie. 1900: Lake Shore 900; New York
Csntrai ~ a3hs ~ n and I n tx .no. Obios
10 .ra " -. I'D y n ,nn w.S,.h eco. n.
E,tV onioh aclnc, t'IV ao1sn, f,oV S,uo
| ton hhrtioIu anu Ere, t,oo rahama. 10 Sovo
| The gold marke bas been tame and inactive
| ali tbe wav throuoh and though the temper OF
| tne sPeVuut,on IcmaIns pu'isu' ~ VIZ wo"n .
| ness OF foreign exchange. the nign rates OF
| day) nrmer tone of securities In London, where
| consols and United States bonds have made a
| f,ac,innai imnroyement, consnire To make a
fIa.tioh hnpi ~ ~. % - - a, ~
IuItner pushiik w oi tne pIice ma.oeI ol uini
| Guilty at the moment. Ihe current gossip IN
financial circles more OF lcss IN me Sonndence
consider authority TO ssue legal tenders 70 the full
standard of tnQptbD a. granted, inastnuch as Con-
I premises There u q growing expectation. OF