New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-03-11

versal expression III opinion on the part OF
professional operators was that "the market is TOO
rampant AID viii react sharply" au opinion winch
would no doubt have proved more strikingly true
but for. the Intervention of the orders referred TO-
and which orders seemed to absorb all the stock OIL
fere'. until quite material advance had been maze
in Tho leading favorites; so that when the reaction
did actually take place later in the day, accompa
I.ied as 1t was by severe hammering the part of
the bears it scarcely carried prices, with two OF
three exceptions materially lower than at the close
Yesterday. The bears had evidently expected
to reap an advantage from the tight
ening of money and gold, and at
ono time tho rate for money-Or what
we call mOney-was bid M to per cent; but the
supply coming i'm freely it was quickly reduced to
per cent Pacific Mail opened at 40!, and remained
auito steady nearly all day between 40 and 4Oi but
quite late sold at 39. being decline from last night
Western Union opened at 75s aud sold at 7CW7os0
76s075,G76 closing at an advance of over yester-
days closing prices. Union Pacific started Oil with
sales of 5000 shares at As, then 1000 at Az 5oo at
Az and afterward sold at 4864S3G 4S.04os; and.
under considerable sales to realize, it sold back
to 49, where the bears seeing thinking that they
q point, Jumped upon it," frightening the
buyers at higher prices into q scramble to sell out,
80 that the final price was A. decline of per cent
stock, if we may accept the assurances of the re-
port of its affairs and condition presented by the
directors to the stockholders in session at Boston
to-day, the salient points Of which report were pre-
sented by Boston dispatch in this mornings TRIB-
UNE is henceforth to pay per cent dividends it is
quite possible that the sellers either for long OF
short account may DO anxious buyers within
a short time at higher prices Northwestern opened
and closed at Az. an advance from last night of
per cent having during the day sold as high as 46s
The friends of this road show great confidence III
their position not so much in what they say-fOr
they are somewhat reticent-as by their steady and
persistent buying at the market rates. The prefer
red stock opened at 50 and declined to 5Sl and sold
afterwards at 589, later breaking to 57! and
closing at 81. bid. st. Paul gathered some
strength to-day. Opening at $50, it advanced
to &c. and closed at 80. gain from last night of
per cent The Preferred sold at So 057, closing at
&C., the same as last night. Rock Island opened and
closed at 1919, having sold at 105. The advance of
the day in this stock per cent Wabash
opened at H. sold up to AZ, and closed at lis Ohlos
sold at 81! an 027s. decline OF for the day. Erie
declined from the opening. 27s, to 27t. Lake Shore
opened and closed at 49,, with sales at 49, ara The
total transactions OF the day have been 22 200 shares
distributed follows: Pacific Mail, 41300; Western
Union, 81 600; Union Pacific, SO, 400; Northwestern,
249O0; Preferred. 400; St. Paul, $780, Preferred,
500; Rock Island, $780, Wabash, GOO; Ohios, $500;
Eric, $3.50; Hannibal and ST. Joseph, 1909; Lake
Shore $780, Central 500. The market closed steady
at tho decline. The opening highest, lowest, and
closing prices Of active stocks sold to-day
foloWs