New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-03-21
IS PROM % O'CLOCK p. NJ. TO CLOSE OF
nrsI,-ras 4 niCI nCK u "
THURSDAY, March 2O-P. NJ

THURSDAY, March UP. W.
The symptoms heretofore mentioned, of malady
at the Stock Exchange, rapidly developing into
palpable disease of the malignant contagious type;
and to-day about every stock upon the list seems TO
be stricken with it. 1t is not paralysis against
which, of late years, the atmosphere of the bourse
has been perfect protection, but possesses all the
prominent characteristics Of an ailment known as
falling sickness" The causes Of the universal
drop are of course the prominent topic of
ton. BY a few the cause is found in the continued
and prospective high rates for money as if the mar
ket had not in times past taken Of its highest
fights while call loans ruled from to ! per cent
per day. The rates for money doubtless have
some influence, bus the true cause Of the decline is
more likely TO be found in the fact that the cliques
have become tired of making bogus sales in their
several specalies; that there is no outside interest
in the market at present prices, and that the pro-
fessonals have nearly devouTed each other. Mr..
Drew one of the heaviest Of the clique operators,
was put hors du by the Northwest corner and
now rarely ventures out at ALL but never it is said
when the wind blows from the quarter indicated by
the name of that most volatile and insecure of all
securties-that very Yesuyius of the street, which
after remaining perfectly quiescent for months VIII
suddenly burst forth and overwhelm whole neigh
borhood Other lesser lights than the immortal
were large co-suherers with him, and the calm,
watchful Jay looks in vain among these for more
geese to pluck.
There was a slight indication of excitement this
forenoon when the announcement was made that
the Bulls Head Bank had suspended, but as it is a
small concern, and not a member Of the Clearing
house. the street soon discovered that it had no in
terest in the matter, and again subsidized into dull
ness The particulars of the failure and its causes,
will be found in another column
The spectators seek in vain to get up little di
version in favor Of gold, but all of no avail and
dizziness rules the hour. much longer continue
ton of this quietude would produce the most dis
tressng results among the street commission brokers'
who fed for o time on the pap of three or four
hundred thousand daily washed" transac-
tions, are getting clamorous for q new deal.
Erie to-day coquetted with the weakness of London
(524 and 5ls moving at GA a63s. New York Central
went down pretty nearly point to within quarter
of par closing but little better and this of an I'M
questionably good stock. The late buoyancy OF st.
Paul. under the grant Of million or so Of acres OF
land by the Legislature OF the State OF Wisconsin,
and an endeayor to pool its earnings with North
Western, gave way to feeling of weakness,
and the price went down /! per cent to 5G.
The enterprising broker whose mission in this life
TO be to make diurnal bid for North Western.
varIed the monotony of his vocation to-day by pro-
posing give 50 per cent for the shares Of that COM
pany in the place and stead of 81 offered yesterday.
and without elcitng response mp to the close at 4
p. IN. Panama Railroad, the control of which is the
key TO a large part of all our commerce with the
Eastern World goes down with Pacific Nail, "only
more So" and q financial career that gave great
promise q few months ago seems to be
temporarily under a cloud. Ii will please
large number who regard the youthful Commodore
AZ n man Of most generous imptses if the cloud
shall be found TO be provided with the customary
silver lining. Lake Shore indicated heavness with
movement at 93l2o3G9Sg. Western Union is On
titled TO honorable mention for maintaining toier.