New-York tribune., 1875-03-08

The buovaucy on the Stock Exchange which was
noted at the close of business on Friday, was re-
newed this morning. and the market opened AZ az
advance of from to per cent. but soon yieieo 10
Gales made to realize the profits Of the preceding 70
hours. aided, perhaps by some manipulation, until
the advance of the morning had generally been iost
This was followed by renewed buying. which adj
vanced prices to still higher figures followed later
bv sharp decline to the lowest prices of the day,
closing with partial recovery. Western Union has
been the chief stock in amount of transactions
20, 900 shares-and was made the principal point OF
attack on the market. Opening at 75s, it sold at
750z5.075I. Between the two latter prices there
were sales of 10000 shares by prominent
bear firm. But the stock Immediately
advanced to 7s when report gained cur
rency 20 the effect that the large sale
referred to had been made for account OF
the Commodore which 80 frightened the smaller
holders of the stock that they rushed pell-mell to
unload. the movement resulting IN decline to 90
at which point it appeared b. meet buyers VINO
cared less about who the sellers were than for o5
tanning the stock at the price This caused a raily
to 75s and Western Union closed at 755, gain from
last night of per cent. 1t is quite probable that to
the report referred to may be attributed the sharp
decline upon the whole list which took place after
9! o'clock; but when it is remembered that tue
Commodore was said TO be the large buyer OF West
ern Union at above 90 in 1873 price from which 1t
declined As per cent and has since returned 10
3d. it would seem if it required mind trained IN
the peculiar logic Of Wallst. to discover what df-
ference it should make if the report were true
which it probably is not after an examination Oh
some of the certificates which were delivered by the
parties who made the large sale, more plausible
explanation of it would appear to be that the stock
,I.I,,, C,I had cd nd
sold, in the expectation that so large sale would
break the market. Pacific Mail has been quiet. with
sales of 80 200 shares between the figures 80, and
80: closing at 3ss a decline from last night per
cent North Western has been the most active of
tie railroad list and 4S 200 shares were bought and
cold during the day. 1t opened at 49, declined to
43. advanced to Az, and remained quite steady at
about A, until the break in Western Union had
commenced when it was rapidly sold and offered
down to 43s. reactng and closing at 49, bid, gain
from last night of per cent There were l,JOO
shares of the Preferred stock stock sold at 93G55s
Of which about 1000 shares were understood
to have been bought for German account.
The conflict the stocks of this Company
promises to become more interesting day by day.
Union Pacific continues its steady advance and has
no fluctuations worthy of note thus it is fast losing
its charms for the boys" who have heretofore
watched their chances to be long and short OF 1t
dozen times day 1t opened at 43s, and sold at A.
closing Az with total transactions of 20 700 shares
Wabash has of late again attracted considerable at
tentiOn and the steady buying of it remains still
mystery. To-day it made further advance from
H. the opening price to 1j, but sold back again at
the close to IA, which is an advance from last
nights price of per cent. There were dealings III
the stock to the extent of 81 200 shares. Lake Shore
with transactions of only 1850 shares advanced
from 73i to 14 reactng at the close TO a. In some
quarters it is believed that this stock is the one held
in reserve by the bear combination. with which as
a last resort to break the market and the idea re-
ceives force from the fact that the scattered short
interest has been entirely manipulated out of it, and
that with its very heavy decrease in earnings,
makes it particularly vulnerable to an attack.
Should it prove that this is the policy to be
pursued it remains to be seen if a break IN 1t Will
prove any more successful with the remainder OF
the list than has the attempted squeeze in gold and
money Of Ohios 1890 shares sold at 26.G27sG6s.
The dealings in the remainder of the list were un-
important and featureless The total days business
was $4,000 shares. and the market, after the hurry
described above closed quiet and steady. The open
ing. highest lowest, and closing prices of active
stocks sold to-day were as follows: