New-York tribune., 1873-01-31

ton books simultaneously in London ana hew-iork
for the remaining portion of the new per cents
Thursday, Feb. 4. the official announcement OF which
will be speedily made. With the present condition
of the London market, this is very lifting time,
money ruling easy and, in the outside market con-
siderably below the minimum rate OF dis-
count at the Bank Of England, which
was to-day reduced to 81 per cent. the former rate
beingl The bank gained in sterling bullion during
the week E2S3OO0 The securities dealt in on the
London Change are also strong, and from the re-
turn to lower rates by the managers of the Bank
we infer that all apprehensions of trouble arising
out of the Eastern Question speedily vanishing
Yet the impetus which ought to be derived from the
probable success of the Funded Loan Syndicate
in the general stock speculation has not been special
ly marked, save for two or three days when the
matter first came on the tapis and stocks to-day
have been duh and dropping, though there was
slight rally in prices after o'clock p m following
the break to lower rates in money. The reaction
however was faint, and could not be sustained, inc
market closing tame and steady. When so mucn
mystery enveops the speculation in this department
it is difficult to define the true position OF affairs
and until some positive demonstration IL made py
one OF the other of the great cliques in some dree
tion the market is likely TO present lack-iuster
appearauce. and affsrd little scope for profitable
sales of Atlantic and Pacific Preferred stock since
the beginning of the movement, just five days ago.
have been according to the official printed list OF the
Board at the average rate Of nearly 10000 shares per
dav and at an average price of about 81, the aggre
gate sales footing up about 100000 shares, or, III
other words the entire issue OF the preferred STOCK
of the Company. But supposng 10 per cent OF theso
10 have been resales Of the same shares, there re-
nam just about 10000 shares still IN the cohtfoi oi
the Company which one more active days Duylpg
will completely absorb; so II all the recorueu
transactions in this stock are real we are perhaps
upon the verge of corner, even before onehai uie
active stock operators have learned where the roau
is located. Its name would imply that 1t touches
either the Atlantic or Pacific Oceans at one OF 'no
other of its main ternini or both But it may sur
PRISE those adopting that idea to learn that the foau
proper begins at ST. Louis, Mo-, and traverses that
State in south-westerly direction until it reaches
Venita. Those who admit that they do not know
the nrecise location of Venita show that they are
ignorant of that portion of the public domain
which belongs alike to all citizens OF the RepuDhc
or rather will belong to them when the Indian ute
shall have been extnguished, for Venita Is IN the
territory of the red men, a few miles west OF Mis-
souri, and whenever tho Indians title shal be taAeh
from them {" extnguished" is the usual law term
for the proceeding) or when " Lo! the poor Indian
shall be civilized or driven, nobody knows where
white men will gather about the vicinity and Fenta
will become prominent railroad center for 1t Is
there the road connects with the Missouri,
Kansas and Texas road, a place toward
which. after time, the white man
in haste to reach the Gulf of Mexico will inevitably
tend from several poiuts of the compass. IL re-
oures an act of Congress- however TO get nd OF the
Indians OF to enable the whites to locate on ther
land; and where the Indians shallbe sent OF how II
they remain, they can be induced to abandon their
fayorite pastime of;scaping venturesome whtesIe
connndrums that may not be cleared up until long
after Oakes Ames has completed the exposes when
il IS said are now only in the inchoate state Inc
leading features of the market to-day were New
York Central. Erie, Lake Shore, Ohio and
Mississippi, Pacific Mail, Western Union
Telegraph, and c., C.. and /. c., and
the late fancy Atlantic and Pacific Preferred
The coal roads were strong and higher, New-Jersey
Central moving up to 1851, and Delaware, Lacka-
wanna and Western to 1Ol. We note sales Of Morris
and Essex at 91E; Harlem, 40. 912O: Fort Wayne
9s, Illinois Central, 121.; Chicago and Alton, 1l5;
and Delaware and Hudson Canal, NJ In the coal
stocks there was very little business done. Or the
miscellaneous list other than the aforementioned
stocks Quicksilver Preferred sold at dO54!. Ex-
presses were strong Adams selling at par and Amer
lean at 50t The opening, highest, lowest and
| closino nrices of stocks were as follows