The New York herald., 1873-10-01
Past and Present PriceS--- Suggestions as to
the Course Of the Market.
a AFF AIRS ABROA AID.
Germany Disturbed England Shipping Coin
to America Securities Firm.
RAILROAD and GOvernme ent
Bonds.
WAJJ. STREET
W ALL oinEFi,
TUESDAY Sent. 30-0 p. M.

"
ing to record at its close that not an incident has
occurred to mar the proprieties or the occasion,
cast shadow athwart the future or dim the hopes
which since the beginning OF the week seem to
have possessed all hearts. The force OF the panic
ds unquestionably broken. So FAR as the metropo-
lis is concerned we are recuperatng. The brunt
'of the storm has passed, and although its course
has been marked by trail Of debris sorrowlul to
slook upon, and though we may continue for many
days to hear OF wrecks along the shore, the
try is safe, and commerce Will soon be riding again
at safe anchor. Before the Board commenced it's
session this morning unusually large throng of
imembers gathered in the vestbule eager to plunge
once more into
THE AREA OF SPECULATION.
As one OF the members expressed it, they were
cred hot for business.n The President had, appar-
emily, anticipated this condition OF AFFAIRS and the
doors were no sooner opened and the crowd within
them than he resorted to species OF excusabe
strategy for the purpose of 'pouring oil upon the
troubled waters" He made speech He thanked
the members for their exercise OF discretion, in
voked them to continued prudence and to help each
other to bear the burden that had fallen upon all.
Then he read them the rules that had been
adopted by the Governing Committee-whi by
the way, having been published in every
paper in New York, were known almost by
theart-and dismissed the young gentlemen to
their work. shower bath could not have been
more effectual in cooling them OF, and when,
an i've minutes afterwards, it was announced
that Messrs. Smith Seavsr, who suspended
just previous to the closing OF the Exchange would
pay In full in cash all claims against them, the
nitrous oxide gas exhausted itself in three cheers,
and the Stock Exchange OF New York settled down
as quietly to its brain-burnng soul-disturoing
cupation as If nothing had occurred to upset its
financial equanimity.
THE COURSE or BUSINESS
was even uninterrupted by excitement and verged
upon dulness. In their desire to exercise caution
and MAINTAIN confidence members almost did in
Sustice to themselves Nothing was apparent in
the shape OF over-trading, and only here and there
an effort showed itself to force an
natural advance, which checked as
quickly as it was begun. None but
natural influences therefore, operated upon
stocks. Opinion differs as to whether the
value of certain among them is not even now ex-
aggerated to degree that must result in de-
cline, but this is not question to discuss at the
present time. A little further on we may show
what the majority OF these shares are intrinscally
WORTH and thus enable those OF our readers who
not directly identified with the interests of the
street to choose where they shall their net. 1t
u enough that just now
THE WHEELS OF SPECULATION
are again safely In motion, without jar. When
three O'Clock arrived general congratulation was
expressed that the day had apscd SO quietly; that
the experiment had been successful; that
oil contracts had been satisfactorily adjusted
and finally, as announced by the Chairman
OF the committee appointed Tor the purpose or
scrutlnizing business, that there had been no de-
fault in the settlement OF differences This tem-
porary good feeling, however, ought not to misead
,,f.th T,,Aa
should be checked. 1t is enough that money is
now inflated. Better be patient and content with
the fluctuations Of or two per cent than simply
In q "brokers' martaln bid prices to figure that
will create dismay outside and forestall all the
good that may be reasonably anticipated IRON an
Infusion OF fresh capital For years there has not
been SO favorable time the present for the bus
ness men Of Wall street, who depend upon purely
legitimate dealings and honest commissions for
their wealth. Therefore high prices have kept
capital from flowing into their hands. Now
THE OPPORTUNITY
Is In their own hands. They have prayed for the
minimum. Perhaps 1t has already been touched,
perhaps not; but at any rate stocks are in such a
condition that fnot specuatvely interfered with
In the interest of dozen or two the street,
they must and Wall invite a large amount OF out
side capital, sucn as in old times has made the
broker community jubilant with success. The
prices OF the week preceding the crisis and the
leading figures OF to-day will be found below, but
the course OF the market may be briefly described
here. western Union opened at 6sH, advanced
quickly to 90, receded to 6s, then to 67k went
to 10 in lots between the call, fell OF TO
6s 67X 81 &c. cash, 65k, cash,
q GA, cash, a 81, cash; then followed q
rebound to SO 62 63, cash and regular; 63h
e5, cash and regular; 66, regular and cash 66%.
nah a a
Erie sold at 81 a 81 SIX 5o5s tos4, cash, 81
S1Ha5lx. Northwest common at 43h, cash and
regular; a 43 q 42h, cash, AZ q Ala Az cash.
Union Pacific at Il q 20, cash, q 1915 20 a 1873.
Pacific Mail at SO, cash. "a a 33k 1914 80, cash,
33N 33s< a "a, regular. New York Central at 81
% o 90x 90M, cash, a 90 901s 01 a 9la< 91A,
regular, Harlem at 115 q ia q 113 no. cash,
Ill, regular. Lake Shore at II regular,
TEX, cash and regular, 74A 70, cash,
10, cash. TAX rs, regular. 9. 9. and Q. at y
23K. cash, 23k 23k, regular. Rock Island at 919s
regular, 90 a olh a s91s, cash and regular; so q
90h regular. st. Paul at 35h "a a 33 a 32al 32I
q 35 cash, a "a, regular. Ohio and Mississippi dc.
cIined from 80 to 30 Wabash from 40 to 49, with
recovery TO 45 Hannibal and st. Joseph went
from "A to Is and closed at "a. Delaware Lacka-
wanna and western opened at IS, receded to 81 a
s8x. advanced to s7r and closed at 49, Tne re.
manner Of the quotations win be found elsewhere.
Tho following were among
THE PRINCIPAL SALES
of shares to-day:--C, G. and ]. O., 2,15o; Rock
Island, 22e4; Northwestern, a,3lo; Cleveland and
Plttsburg, 1880; Delaware and Lackawanna, 22i6;
Erie, 400; Hannibal and ST. Joseph, 1850;
Harlem, 2,2o3; Lake shore, s,754; ~. Paul, a17o;
New York Central, s,sl2; OHIO and Mississippi,
s,ioo; Pacific MAIL As5o; wabash, 1880; Union
Pacific, $500, and western Union, l2276 The
total sales OF the day, including the above,
amounted to 72985 shares. 1t Is to be borne N