The sun., 1873-05-17

FRIDAY, May 16-P. M.-The opening
Of business at the Stock Exchange developed
only moderate speculation, while the tone of
the market became heavy and depressed, with
scarcely any disposition among the cliques 10
sustain their fsvorte shares. Prices conse-
qucntly yielded under vigorous attacls by the
bears. and there was n sharp decline on the en-
tire list Of active stocks, though most marked In
Pacific Mail, Western Union, Lake shore, C., G.
aud c., -. Paul, and Erie ; but at the second
board there was quite an active rally In Erie
and Pacific Mail, while the remainder of the list
advan, I'd about ~ y cent IN sympathy with
the better tone. The rise In Erie was due Go the
favorable report Of the Legislative Albany Conn
mlttee respecting the affairs Of the company,
while Pacific Mail was carried up by the large
covering ~ the short interest. \ reaction soon
followed when these influences ceased. though
prices were generally steady on "A decidedly
larger yo. Jmc ~ business. soon after T. NJ,
however, there was vigorous attack made
10y the hears upon the whole list Of active
shares, which was stimulated 10y London do
patchc. ~ large number OF failures ON the
Vienna lipurse yesterday, and the entire market
yielded To the lowest points Of the day,
though there was subsequently, rally in
the Gnal trade. Weak and tmld hold
crs threw their speculative contracts
overheard without regard to cost, and
at times the excitement ran high. The
fluctuations In Pacific Mail and Erie, did not 80
much surprise the street, because spectators
had become ccustomod to the rapid changes in
these shares, but confidence was considerably
sh tFcn when such staid stocks as Western
nion dropped %. y cent To 81; New York
Central To al' and Lake shore to So, "a these
had been sustained and employed to protect the
remainder OF the list. The weakness Of Vest
ern Union was specially remarked, while the
port that large amount of the bonds of this
nany had recently been pledged as collateral IN
hH ba,,s OF 80 rnt months loans, toT % Wnics siors
j. only an y cent. stock, holders
which will explain also the heavy transactions
in the hnal dealings. Attention Is invited 10 the
Comuaratye tahl" annexed for the extreme
fluctuations of the leading stocks, The total
number Of shares dealt IN was 2sl SO Of which
IaciAc Mail represented GslOO; Erie. $500;
Western Union, 3A9n; Lake Shore. 2S,.S, New
York Central. 2l.l3i ohios, 1850; Union Pa
clhc. l5,in5; Rock Island, $50 Z. 6. and !. C..
Erie. 100: Harlem. 900: wabash, ~: North
western Common, luO the preferred, %p; Han
nhal and -. Joseph, 100; Delaware, Lackawan-
preferred, lpD.
The gold market was very nrn throughout
i"rco down the price During the past week
quite "A number of the larger spCculators have
sold heavily and the future speculation of the
market is IN fresh hands. The foreign bankers
were purchasing freely to-day, based upon con
tinenutl advices. though the fact that the Bank
Of England did not raise its rate WAS interpreted
a. indicating no worse condition of monetary
affairs. As yet there has been very little def
, mite and reliable Information received here re-
specting the character and extent of the Vienna
Bourse panic, and the gold and stock markets
| are consequently easily manipulated on the
mercst rumOrs, favorable or otherwise. The
opening price was ll7a4, from which point IL
soon advanced Ia liz, with almost the entirr
transactions at ll7'S and lis, the latter having
been the closing figure.
la gold loans, the rates paid for having bal
ances carried ranged from u to " cent, and
aflerward and 5, with hnal negotiations at
Z and o cent. The total clearings of the Gold
Exchange Bank were $3l3Si,GO; gold balances,
tl,G9Nl; and currency balances, Sl,Wj,1o9
The sub Treasury redeemed $500 IN called bones, lud
paid out IN Cun interest on the public deut t&l7tOl
winch, with prev dishu seupnts, make the tutA
pnyil nts aCro1nt oi tn May interest up to date
d T4,S0 The following were the principal quota
]