New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-28

o.o ~ the first call was taken in small lots at 81
- Later in the day it fell as low as 5Oi. then
.sn;sd and closed hnallyat5li. Lake Shore seemed
hothe lamest duck at the opening. but soon
hscan 20 hobble off creditably, gained some two
Limits In few minutes. and large lots were taken
:, ~ when sale OF 1000 at that price temporarily
stopped she upward movement, and sales were
,,oda q. low as o. whence il again rallied to 6Sl'
and staggered away to 6I at the end of the frst call
peacting again TO 62s at the Second Board, 1t soon
.Iunk away, and finally closed at CIT. The settle
,nent between tins Company and the Union Trust
Company was oOnsummated by the giving OF the
notes of the Lake Shore Company at three, SIX ana
nine months secured by pledge of an equal amount
II stock Of the Central and Hudson and the HaIiem
Railroads at 90 and 90 respectively, COMMODORE
Vanderbilt having generously provided the eoliat
sraIs This pnfs an end TO an embarrassing atalf'
and ought TO lead 10 the disentangemept of several
complicated accounts. That so important
transaction should have so little enect on
the market price of the Lake Shore shares
is something of a puzzle 10 the street.
lbe first sale of Central and Hudson was at Sat
urdsy,s closing price, namely &C. but it soon became
apparent that there was no disposition to maintain
it at that point and with occasional slight inter-
rupton IL settled gracefully away TO 8fl at the end
Of the morning calls and with unimpOrtant tTansac-
lions sold finally at Si, all the sales representing
moderate lots. Rock Island commenced operations
at decline Of inst per cent, but soon gave signs OF
strength and with occasional vicisstude sold at So.
with droopy appearance at the end Of the first
Gala character which it sustained con-
sistently TO the end of the days
business when il sold as low So with no DISPOSE
lion 10 operate largely either side of the account
There were plenty of indications that the managing
clique continue even in the face of the panic the
same tactics which have heretofore shaped the des-
TIMES Of this stock, and have rendered it the least
satisfactory speculative to outsiders of any on the
list There is a general opinion that is extremely
favorable to this road and nothing pre-
vents the public from giving Its stock
their entire confidence but the fact that
the manpulators Of it seem resolved that no one
hut themselves shall ever make shilling on At.
Their position as il comes TO be understood, is found
80 DO one Of such extraordinary advantage as TO
make it impossible for outside parties TO compete
with them. Toledo and Wabash retains tOlerably
even tonor because of its apparent oheapness while
MON Pacific is quite steady simply because it takes
80 little cash to buy aud pay for it. Ohio
and Mississippi seems cheap at p to % because
dor a long time it was held between 40 and As, but
ats prospects hardly better than they ever were
aud it would puzzle the beSt-informed railroad man
20 give any reason why it should sell for more than
he present quotations. The transactions in the rest
of the list were Of little significance, as
is shown by the list of actual trans
actions at the head of this column.
The feeling continues to be one of doubt and un-
certainty. which is rather intensified by the fact
that nearly every one who has bought since the
panc regrets having done 80, while those who have
Aesitated and held tight grip their money claim
q large degree of shreYdneSs for their course 90
6ar, greenbscks have proved the best stock
an tho market for temporary invest
anent. How long they Will maintain this character
IS a conundrum asked by one of every two men who
meet within half mile of Wall-st. Whoever can
give the true answer provided he act upon 1t, will
have found the philosophers stone. The opening,
highest, lowest, and closing prices Of active stocks
to-day were as follows: