New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-30
2 O'CLOCK p. NJ. TO CLOSE OF BUsI-
SATURDAY. Aug. 2S-P. ".

SAliRDAN, Sng. -o-P Ne
The stock speculation du ing the week, though not
what would even be called lively for midsummer,
was still an improvement upon the preyious week
both as respects the magnitude of the transaction
aud the fluctuations in prices. Pacific Mail fore
most as to the number of shares that changed hands,
the official list recording some 10000 bought aud
sold at prices ranging between 81 and 4Oli, with 80
as the closing price on an apparently iirin market
The lowest quotation was touched on Friday, when
IN the early dealings many small holders regarding
manic here az proper corollary TO the failures i'll
San Francisco rushed i'll to sell at whatever
price their shares would fetch. The steady buying
and uninching nerve of the cooler heads soon put
stop to the depreciation and turned the current IN
the opposite direction, in this as in the other active
shares the effect of winch to reassure the timid
and give all classes Of operators an opportunity to
reflect how little there was in common between our
Stock Market and that of San Francisco. Next III
importance in oar speculative list stood Western
Union telegraph, of which sales of some ll7,SOO
shares indicate the business Of tie week. Inc
prospect held ont in the earlier part OF the week
of an arrangement with the Atlantic Pacific Com
pany gave encouragement to many OF the DuIls,
while the reported organization of 4 powerful rival
Company in California created that diversity OF
sentiment on the part of even the friends OF Western
Union which was sure to add life and interest TO the
he fnlly aware that there is nothing too grand for
the bonanza capitalists to undertake. while recent
event, have also gone far to reestabliSh
fact well known among experienced hnan-
ciers that there is no capital 80 large
that its capacity may not lbs oyertaxed in comlnu-
nifty where speculation ut times fairly runs riot.
The lowest point touched 10y the stock OF the West
crn Union Company was Sli2 from which it rallied
to $500. and closed at those figures with much APP
p,rent frmncss. Lake Shore rs usual showed more
steadincss than either of the two stocks named,
having moved within range OF per cent, with re-
corded transactions footing up about 900 shares.
The impression still prevails that some mysterious
o,erotor of unlimited means steps in at the oppor-
time moment to stay the decline III this stock
whenever the quotation recedes TO "a certain
uoint. The minimum figure fixed for this week
seems to have been 90, below which it could not 90
and from which il rallied TO CO.'S 1T the close. Enc.
having several markets in which 10 find coIniOrta-
BILE resting place kept Ia the even tenor OF It's
way IA was possible and ut the same time show papa'
bic signs OF life. Some 1000 shares were shuttle
cooked back and forth with variation OF but Is per
cent the latest transactions having been made at
lG which in " above the closing price Of the preyi-
ous week. Northwestern was not ~ well cared for.
and shows the effect of neglect on the part OF its
former friends, in decline of III per cent. The
| latest sales were at 49,, which il more than l
per cent above the lowest point of thc week, and
indicates that it has lost but little of its inherent
power of recupration. 81. Paul. feeling the want
of steady hand at the helm, dropped per cent
on the receipt of the California news and the Balti-
more failure, afterwarJ recovered - per cent, and
showed much tirnness at 37aa. net los of just 70
Der cent on the week. Panama, after advancing
| from 1872 to li2, became uneasy on account OF
| the political troubles in its neighbOrhood
| and reccded to 100, at which it closed. the
| sales of the week reaching 1885 shares
Union Pacific after reccding to 72L, made another
of4lose exhibitions of strength for which 81 has 'e-
c,rpc famous and advanced TO 75li and finished al
| 10. the favorable point in the st1c1 being g
,,mcyLat geacIal exucctaton OF Increased 'dVt.