New-York tribune., 1873-01-29

Pacific Mail What with the constant buying on
the part of outsiders upon the suppoetion that 10
was "hardpan." and the announcement made IN
print that Mr.. Stockwell has had enough of the
dangers Of the sea" and likewise the "perils of
the deep" and has betaken himself TO terra frma
the most eager observers are nonplussed. II the
object Of these givings-out be to cover up
hidden design il will probably prove success
for if the public can be made to elieve that the
dashing Young Commodore really intends to give mp
the ship Pacific Mail from lively speculative stock
will. in the opinion of the old heads very likely be-
come a wreck. They believe IL is nothing without
his capital enterprise, and dash. We should take it
TO be an excellent time in any event for those who
In spite OF much good advice have gone in, to re-
ceiye all hints with caution and for those who
out to remain so until the skies become clear and
correct observations possible. Apparently under
the fostering care of the same parties who
have heretofore manipulated Pacific Mail, the
speculative public presented with new object
of interest in the preferred stock of tho Atlantic and
Pacific Railroad just placed actively upon the
ket This security takes its place with the veliest
of the old fayorites, and has mature look from ITS
very birth a certain Gloster is said to have been
born with teeth. On the 25th 100 shares were sold
at the morning call at 29d29., and GOOO shares
in the afternoon at 32.a33s. During Yesterday
the sales aggregated more than $1,000 shares
at prices ranging from "a! to So. We
told there are but S1OOOOO0 worth of this stock
altogether and at the rate of $27OOOOO per day it
will all be gone inside of n week. This NAV he n
frst-class lnvestment-we don't say that it is MT
but we wonder how so many persons SO suddenly
became aware of its extraordinary merits. 1t must
have been done by electricity, for by no other
means, with the present state of travel could SO
much valuable information be conveyed over SO
large space of ground in so short space of time.
The sales were smaller as to quantity, to-day,
but larger as 70 price The quotation touched
SO about 2 o'clock. and closed finally at 3Sa.
Large sales of Union Pacific made at declining
prices, giving rise to much conversation and sus-
picion that the general public are turning cold
shoulder on this once favorable speculative on ac
count of recent misfortunes which have Oyertaken
it at Washington 1t proper to state that near the
close there was reaction of nearly point in favor
of this stock when it traDspired that the whole mat
ter relative to the original contract with the Gov
ernment and the Pacific Railroads would be referred
to the Supreme Court for final decision though that
may not have been the cause of the reaction. The
other securities were also weak and lower In Erie
it looks as though "corner" was imminent, from
the singular course of the price of late, and
if people will sell it short why they must
the Teutonc element in the street will be the suffer
ers on this occasion. Still there other reasons TO
account for the advance, and it is quite freely as
serted by the knowing ones that at the Directors
meeting. tomorrow the much talked of dividend on
the preferred stock will be announced. Sales were
made of Preferred at s0l, the Common ranging from
65s to 66.. Central kept an even keel, but Lake
Shore was little off Rock Island opened and
closed firm, but was heavy pending the interim.
The light c., c. and i. C.. fancy rose to
40 at the close ITS companion light weights
being quiet and steady. New-Jersey Central
of the investments to 1861, and Delaware Lack
awanna and Western to 99.. Michigan Central sold
at los 01OsI; Pittsburgh 9O1 Harlem, 12l Morris
and Essex, 81: Chicago, Burlington and Quincy,
11S.0l19 and Illinois Central DC sharesl at l2O!
The miscellaneous list was quiet, and Coal stocks
uninteresting. There more doing in Express
Adams selling at par; United States, 7S; Wells
Fargo, Sc; and American, 6g:07O. The general
market winds up quiet and, on the whole, steady
The opening highest, lowest and closing prices OF
etoo lie a follnvUS.