The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-08-19


our own conclusions.
Starting with December I, at about which time
judge the thirtydays' notice to have expired mo
one would suspect this company of violating any
rule Of the New York Stock Exchange by selling
share before the notice had eXpired) we find that
the stock was in active demand at prices ranging
from 1 10 to 115h, In January settled down from
Hay to 109H, in February sold at 1l1a4 114S, and
In March at liz u7's. range Of prices that GER
tainly gave opportunity for the exercise OF judy
ment on the part OF any one charged with marketing
$780, 900 new stock; and If well done-say at tribe
above the average price OF the periOd-we might feel
disposed to pardon little display OF natural pride
on his part in telling Of 1t In report to his stock
holders. But what amount OF stock is adoat nows
On the S1st OF March we knew it was $40, 500 900.
Has the company since then sold the balance of
$4,5oOOOOp Or Is 1t that stock which Is now, and
has been for some time past, supplying the market
at ITO to 114, preparatory to another break in the
stock, like that from 1851 in December to 1925 in
January, or even wOrses Who would not be
member OF an executive committee OF q railroad
with an unlimited captal9
TIE STOCK MARKET.
Either the unpropitious weather, the absence OF
spectators the want of orders. all three,
blned to Invest the stock market to-day with de-
gree Of weakness that lett the bears" free scope,
and right royalty they enjoyed the opportunity
At the outset it was apparent that the salient point
OF attack was Western Union, which they sue
ceeded in hammerng down from 91-the opening
price-to s9S soI. The market closed with
rally however, and the last prices recorded were
9O26 9OA. Pacific Mail likewise underwent a
variety Of vcissitudes according to the number of
and faith IN the rumors that were set aaOat. From
40, the price receded to 3aH S91, then recovered
to 4Ol4 4O1s 405S fell or again to 40 3o5s 39X
39X, and at the close rallied to 40's New York
Central sold at 1042l 1041s 1047s closing firm.
Rock Island suffered decline from 110T to 1094 q
1897. Lake Shore stoutly resisted depression and
was steady between 93sS 9SA 93h, at which it
closed. The lowest price touched was 93A. North
west common was quiet at esq a e5X 65;
Milwaukee and ST. Paul at SIX 514;
Union Pacific sold at FIX 2eX a 271s, G., G. 81,
c. at 81 q 30A Slh, Ohio and Mississippi at 3SX
q 3sE SSX. Wabash at FOX a 70 70H, Atlantic
and Pacific preferred at 27A q 27X, New Jersey
Central at 1903 1924, Panama at 115 114K, and
Morris and Essex at o. Erie was firm In the early
dealings at 59A 597s, but at the close weakened
tQ.ksal 6a'I.
The latest rumor concerning Pacific Mail Is that
some Of the stockholders Of Panama who did not
sign the protest referred to yesterday have pre-
pared petition to their directors imploring them
to make loan of $500, 900 to the Pacific Mail Com
pany, and take o mortgage on the steamships
Colon and Acapulco as security therefor. The
QddenduDe to the rumor Is That several of the PAN
anna directors are, In the language OF the Arkansas
constable, non est Conadtio,S, having gone to the
country aud are not likely to be attracted there
from for the mere purpose Of taking sides In the
Kilkenny cat fight now being waged between
the opposing hosts Of Pacific Mail. Hence 1t is pre-.
dicted that there will be quorum at the meeting
tomorrow.
HIGHEST AND LOWEST.
The following table shows the highest and lowest
pricas nj tho DAYS