, 1873-07-10
WALL STREET.,

AAcsAe" O1 tHc HR0hcy9 kE0las k0nus
StOc1k7 AMI Produce Markets..
Special Dtspateh to The Chicago Tribune.
New YonK, July 9.-Wall stroot was again
active to-day. Tho Vanderbilt combinations
which namo is given to clique Of operators
who arc now moving tho stock market, resumed
business, and directed their attention to Lake
Shore, Central, Western Union, and Union
Pacific. Tho schomo which they have On hand
will DO adroitly managed in order to bring to
town orders from the great mass of capitalists,
who are now at their country seatH. It is OK
pectet1, therefore, that tho market will bo kopt
in a stato Of activity for somo tiruo, and
extraordinary Inducements will bo hold out for
speculation.
It IL reported that the Increased earnings Of tho
Western roads for J,tic encouraged tho "bulls" to
hopo tor permanent advance. Tho ony oxcep-
tion to tho general improvement in prices waas
NoIth%shtorn e'i ;a % common, wLicl, declined per
ctic, Eric, pacitio Mail, New York Central, aud
Western Union. The advance has been as fol-
lows, as compared with tho opening: Eric, ~
R%sS %assi s 81 da makS shesS; GsMz 81 Rock lssa %s%
&; Union Ss'i iaeiic ' olie, la14 Wabss a. ra9'
Harlem, n; Hannibal l. St. joe, X. Tho ai-
yauco in Union Pacific WIS accelerated by the
rond.
Erie was aont hitting by cablo reports Of higher
figures IN London, cauBod By tho succoss of tho
BlHchoffBhoim party yesterday. Tho ADVANCE on
account Of tho short Btatomont is not so grcat as
was expected However,. tomorrow tic Dircc-
will be retained as presidont and Alr. !. II.
Dovoroat1, General Manager Of the Gseat Wost-
orn and President Of tho Columbus, Cleveland.
Cincinnati Il indianapolis lloadH, will be made
Vico-Presitept. The stock voted upon ycBsortluy
shows TINT 45Q,000 sharoH arc controlled by
Dlscholfaheim & Co., and 100000 by Amorcail
stockholders. Tho stock Of Heath and Raphael,
amounting to 100, 900 sharos, WAS not voted on
1t ls considered doubtful II the railroad can FUR
" pay tho acmi-annual dividends promised by
The decline in Northwestern caused sou,o
comment, aud is generally interpreted as tho
fororuuner Of IN advance in the future, or in
othor words tho stock Is now being distributed
preparatory to being placed once more on tho
active list.
The recent movements of Pacific Hail arc said
to bo caused by an agreement Oh tho part Of tho
Panama Company to take the Atlantic
bus nas'uo11 o Of ,.4as tho Mail 3laa Company loay-
paciao lino. Tho application OF Aaron Froo1nau
one Of tho stockholders Of tho Company, re-.
qaosta thom to bring suit against A. b. Stock
vol, lato proaident first to sot aside tho salo
to him OF quo shares Of tho: capital stock Of tho
the salo made by him to tho Pacific Mail Com
pany Of hia four stsamors, Nevada, Nebraska.
Dakota md Moses Taylor, aud third, to COM
pol Stockwell to restore to tho Pacific Mail
Company $500 shares Of raua.na stock, in such
= way TINT llo cannot dorive my profit, nor the
Company. sustain any loss BY tho tuctua-
tions Of, said stock III tho market, or
by his taking, holding, purchasing, or sollng
tho same; also, to compel him to pay tile Com.
pany e5G5, 900, said to hayo boen loanod to L. q.
Markham, and lkewine to institute suit against
saa Markham and against those Directors Of tho
Company WHO, apprisc1 OF stookwoll's broaollea
OF duty III trustee for tho Stockholders, partci-
patad, by their counsel, by thoir votes, or in my
oshos way, IN covering up and compromising hls
said Misrepresentation Of tho property of tho
Company. Mr.. Froomal, it aee1ns, owns zoo
al,aros Of stock, and, when il began to
decline, was advised by Sloa1kwoll to
average.-,tlat is, purchase sufficient stock attor
each decline, no that If tllero WIS u reaction he
would got aucl, profit on his low-pricol stock az
would Offset tho loss Oh tho high-proofl stock,
Thote was no Improvement, however, but q
atoaly decline, and Mr. Froon,an Ia still waiting
for tio reaction. II tho Directors rofaso to sue,
4o, 1t IL stated, will begin suit on his own 10.
cou{'t.. The total claim Of tho Company ID or
peeled to aggregate between S1,000, GOO and
s441o 10000.