New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-10-07

TUESDAY, Oct. 6--P, NJ

TUESDAY, Oct. 6-P. NJ.
The first dealings at the Stock Exchange this
morning indicated an entire change the temper OF
the majority of operators and the almost wild de-
sire which had been exhibited during the past ten
DAYS to become the possessOrs of stocks gave place
to an apparent general wish to realize. At first
there feeble attempt made to sustain the price
of Lake Shore and Western Union Telegraph at u
and SOi. respectively, but the willingness OF
majority of holders to sell soon frustrated
it, and both stocks gave way. selling down about
per cent followed by reaction of about per cent
only to sell off again to still lower prices Thus the
market fluctusted up and down during the day,
each downward turn leaving prices lower than be-
FORE until finally the market closed feverish and
unsettled on rally of to per cent from the lowest
prices of the day. This state of affairs will be no
surprise to those who have failed to see in the gen.
eral stagnatiOn of our mercantile and man
ufacturing interests and cheap money reason for
improvement in the value of railroad property.
which is so largely dependent upon the general
prosperity of the country for its success The ous
ness of the day has been large lover 100000 shares OF
stock having changed hands,. the sales unusually
well distributed throughout the list and the decline
has been almost universal. If we may believe that
this decline has not been engineered by the bulls and
though the ways of the Stock Exchange are mystic
rious it would perhaps be difficult to assign sens-
BILE reason why the bulls should temporarily trans
form themselves into bears just now, then the cond-
ton and course of the market to-day would seem to
indicate that we have about reached the cumi-
mating point in the upward speculation. IL
is certain that those who went into the
market to buy to-day had stocks
thrust at them in great profusion and that sudden
decline of OF per cent in the bids made no sensi
BILE diminution in the supply OF stocks Offering. IL
is believed that the sales mainly OF long stocks
and for the purpose of realizing profits Lake Shore
and Western Union continued to lead the market in
point of activity, the sales of the former
having been 74.100 shares, aud the latter
GA 500. followed by Union Pacific 39.40O; Pa
cific Mail, 32,40O; Northwestern, $500 Ene'
10 800; Ohos IL 100; Wabash, 11OOO; New-lork Cen
trail 5000; c. c. and l. Co. $500; ST. Paul, 5.4OO; Rock
Island 1900 and all others, 5000. Although stocks
closed at to 1 per cent above the lowest prices OF
the day compared with the closing quotations OF
last evening the decline has been from to Il per
cent. viz: Lake Shore II; Western Union, IL !;
Union Pacific Ii; c. C.. and l. C.. Hannibal and st.
Joseph and Pacific Mail, each l; Northwest
and Rock Island, each 2; OHIO and Mississippi u u
and Hudson /; st. Paul and Wabash, each j. Erle,
with all its ups and downs during the day closed at
an advance OF per cent upon last nights quota
ton, and Del. Lack. and Western : per cent. The
market has perhaps been to some extent influenced
by ItImors of further suspensions among commercial
and banking firms. which lack confirmation. The
opening highest, lowest, and closing prices for
stocks and gold to-day were as follows: