New-York tribune., 1873-02-28
THURSDAY, Feb. PIP. NJ.

The day has been one Of such unusual excitement
in Wall st. and the sales of shares general and so
extensive that it may lie said of almost any security
on the list that it a feature. Pacific Mail stood
foremost as the stock in which the transactions were
largest, and the fluctuations most frequent. The
opening sales were at GO, when the stock dropped !
per cent each subsequent sale to 90, rallied to 63
again, and again fell back to 60 before
the regular morning call began, at which it opened
at 59., holding its own at about that price until
some thousands OF shares had changed hands, when
it experienced still another decline to 5S, which
was about the lowest price Of the day. This SEEM
ing TO be regarded as hard pan, the whole street
rushed in pell-mcll, and ran the price up again to
81 by II. o'clock This brought out large blocks of
stock that had previously been bought at lower
figures during the morning, and the Oyer-freighted
market sank again to 80! by l2 o'clock The afternoon
call opened at 5ol, and from that point the rally was
continued until the eud the indicator recording so
as the closing figures at 4 o'clock. Western Union
sales were only second in amount to Pacific Mail /;
but the market for its shares was better balasted
so that the fluctuations nothing like 50 great
and the excitement in its shares was more subdued.
The opening and all of the morning at s7i, and,
the deviations from that considering the perurbed
condition Of things were not very material The
opening and closing prices at the First Board
were 81, and SCI respectively; at the Second Board,
81! and 81! and toward p o'clock there was an evil
dent determination to rally the stock, and prices
were gradually moved up to S9l, which were the
closing rates at IN. The sales of Central and
Hudson were also large. commencing at lOl.. and,
without losing any ground worth mentioning, the
stock was carried up to and closed strong and steady
at 1921, The reports concerning prominent opera
tor alluded to in this mornings TRIBUNE were re-
newed by the street gossip at the opening, and per-
haps had some influence upon prices which improved
later in the day when il was announced that
the operator in question bad promptly settled all bis
contracts through his brokers. The widest huctua-
tions of the day was in Panama Railroad, which,
after moving many times between 100 and l05, sud
denly made an upward run to 10, though receding
TO 1O7, at the close Lake Shore aud c. c. and J. &.
were lower in the morning, but subsequently, recoy-
cred somewhat and became strong. Enc and Union
Pacific kept up well, the range OF the former being
6ia and 6jI and of the latter 81 and 3jI. Hannibal
and ST. Joseph was weak in the early dealings and
sold down 42 but went up to 49, AT the close. Har
lem did not yield its position. but moved onward from
1871 TO 1870. Boston, Hartford and Erie declined
over point to S, and later recovered about per
cent The coal stocks were higher, and miscellane-
and express shares were devoid of interest. For
further particulars, and giving better idea of the
speculative pulse than anything that can be written
in the way of explanation, We refer to the list OF
sales and TO the following table containing the
opening highest lowest and closing prices OF active
stacks sold to-day: