New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-10-17
FINANCIAL BUOYANCY.
continued from First Page.


sAIJrTARY RESULTS OF THE PANIC.
errNioss or VIM. ORION AND oTHRRs-CAUsEs OF
yHE DEPRECIATION IN sToCKs-DIvIDEND PAYING
STOCKS ARE NEUTRALITY-SUSPICIOUS. FOR IN
vtSTMENT
TRIBUNE reporters yesterday talked with
several prominent tuanciers and business the
financial situation and the probable result Of the uneasy
vouditon OF the stock and money markets VIM Orton'
President of the Western UnionYTelegraph Company
inclined 10 take "a cheerful view of the stuatio'
He dd not believe that the last depreciation IN iho p'
If stocks would be lasting. 10 was ooossloheu -
the shock 20 monoy-lenders and dealers III S''''
and securities caused by the proceedings III ID,
ei George b. Grinnel & Co. Those dealing I'D ',o
EXCHANGE had nnarenty Lost sight forgotten inc
laws 90 the subject of usIry and the proceouuEo ~
bankruptcy. Those having money 10 io"' 49,
hest 10 wait and take Observation 'oioi' ~
tbei, money IN any way. The consequence wac -
VIA IN effect no market for the Sao W s'o'''
1or a time Apparently the subject was 10"
,co,o,,n, n he understood, aud there was
m. ,,.,uipg Of a return OF confidence
m .,,ccat,on ip the price Of stocks and securities
Ssnld undoubtedly be gradual Many heavy capitalists
bad hcen weakened by the late financial CONNECT ana
uerc I'm no condition a. yet to begin anew the ua'e
With yicor There were not wanting indications how
ever that bottom reached, and that confidence
Ms being steadily restored to the public mind. Men
conducted themselves very much as those VINO Walk
among The cbers Of eonnagratjon, &c see what was
Ieft Of value, aud start aircsh
THas z. LeVericb, President OF the Bank OF New
York said that toe banks are all going as usual dis
counting BINS. and lending accommodation Wherever II
as needed without reference TIE present furry Money
~ coming IN from the country and gold is lower than
lss taen before nce the war, and the country genef-
ally IL thoroughly prosperous The furry is N fact
lealthfui movement which viii result In resumption
at solid values III the future Stocks are going
NJ slightly today because people are buying them W
iCr inVC stmcnt.
The amor member Of one Of che largest banking O.
Establishments in the country said the present trOune
would result certainly resumption of stone founda-
ton for an values and while individual men might SUI
Ter the community IN general might feel pressed lot
time II would be better and healthier for all business
interests iu rhe end Gold had struck lower point
yesterday time since the beginning Of the
wal and foreign exchange had fallen point since last
week Everything is cheap hnt the trouble lies in the
1act that there MONEY Stocks went up r,le IN
the uuruiDs apparently because the enforcement 81
she injunction had locked them mp again.
leading officer of the Rock Island and Chicago Rail
road sad the panic menmug rapidly and IA sub
staual way for people buying shares for invest
nent ssad OF speculation. Since the 2d Of september
there shares Of Rock Island transferred
su the hooks mostly by people for Investment and he
dd not doubt that every dividend paying road found ts
shares going the way Roads that were finished
aud earning moncz would he greatly benefited by the
hurry, for great amount Of their stock would
10 taken entirely and forever ont Of The
speculative pool Of Wa-st He did not be
heve that any Of the stock transferred on The
hooks would sbew itself In the market again under
rise IS per cent and great deal Of 1t would never
eome private vaults ct all except TO claim dlvi-
bends The people who cone IN now TO have shares
Transferred people. They not the regulars
Of the street they small purchasers mostly and
a,-roat many a them are ladies. Two thousand seven
hundred seventydve shares were transferred, ID
tinaU lots Yesterday The Rock Island is earning about
$2soo a day more than done before and TEN
porary depression It's stock produced by contests IN
Broad 81 cannot affect material value The same. OF
course may he said Of all the dIvdendpaying roads
The New York Central is turning great deal OF
ats stock 10 investors who pay cash at deprecated rates
aud are glad 10 hold for the dividend