New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-10-05

and 20 an outsider IL seems only necessary for The
clique to keep buying to advance the stock 10 any
figure they deem safe. Whether the street gossips
are correct in averng that the shrewder holders are
quietly unloading at every favorable opportunity
we do not undertake to say. This stock has ranged
from 7st to S3i during the week, aud closes at s2
which is below the highest point, and 81
above the final price Of last Saturday.
Next in point of activity TO Lake Shore has been
Western Union Telegraph, in which the contest be-
tween bulls and bears has been more even one
though the bulls have had the best Of IT, The luc-
tuations have been between 7Sa and SIT, with the
final quotation OF 81. which is an advance OF u for
the week If we may reasonably depend upon the
continuance of per cent quarterly dividends upon
this stock the present price is not extravagant Bot
how are we to reconcile the fact that Lake Shore,
which has passed two dividends. and for which
it's friends claim that IL is at most earning no more
than per cent sells higher at the Board than West
em Union Telegraph The most obvious answer 10
that the Lake Shore stock is more ceverly manipu-
lated than the Telegraph. Wabash, North Western,
and St. Paul have also been active, and all show an
advance in the price on the weeks business at the
Stock Exchange, viz: Wabash, II; North Western,
/, and st. Paul per cent The purely specula-
tive character of the upward movement in
stocks is noticeable in the fact that the Common
stock of the Northwest and st. Paul roads has adj
vanced while the Preferred stock Of both those
roads, which takes precedence of the Common In
the matter of dividends, and would therefore be
preferable as an investment based upon the present
or prospective traffic of the roads, has declined.
New-York Central has been somewhat active, and
has fuctuated between 1OOial02l closing at the
latter figure and while it is regarded as reasonably
safe dividend paying stock IL has no doubt been sus-
tanned by the bull clique in Lake Shore VIII otell the
public that L. s. is TO be leased to the Central and
it is therefore deemed good thing to make the lat
ter look as strong as possible. Erie has been
active stock during the entire week. and by way o.
maintaining its oldtime position as the especial pa
of the gamblersl has fluctuated between 81 ant
S7., closing at IS. which is q decline Of ..
from last Saturdays final quotation. The Lon
don price of this stock controls the market for
it here to such an extent that its ups and
downs have substantially ceased to affect
our general stock market. The speculation IN Union
Pacific seems TO have come TO halt for the present.
that stock having been prOvOkingly steady for the
week past vibrating only between 36t and 37.. and
closing to-day at 81. which is decline Of since last
Saturday Whether there is any truth In the in
timatiOn expressed in wnks and whispers about tho
event that those who have been long OF this stock
now trying TO get shut OF it, we do not under
take to say. having positive knowledge upon the
subject but it is proper to add that in the opinion
of those who think they understand well the
condition and prospects of this Company, ITS future
distant perhaps-s more hopeful than that Of al
most any of the other low priced nOn-dividend pay
ing stocks upon the list. 1t is alleged by the know
ing ones and believed by many that the clique who
took up Pacific Mail at point down in the 40s
aud put it up to 81 have substantially closed out
their venture at handsome profits and will permit
this stock to take itself for awhile unless some
new clique should be found venturesome enough TO
attempt to put it still higher. which may be regarded
as doubtful. We notice that it closes at 40, de-
cline Of per cent. upon the weeks business. Ic
those desiring further information to the course
of securities the suboned table will show the ex-
IRENE fluctuations in United States bonds the
leading railways and miscellaneous shares and gold
made during the past week, well as the closing
quotations of each at the dates aforementioned: