, 1877-09-24


VARIATIONS IN THE VALUES OF STOCKS.
Itis curious fact 10 which the Public calls at
icntlan, that tho xvcragu price Of stocks Actun1ty
sold VARIES sory little from tinio to timo. "At
this time last year." Il says ''the same men wcre
crushing tho life ont ot stocks ~ bears, who arc
trying to force Fo Into nearly the samo stocks
III bulls. Yet the average price Of all stotka eold
during the drst half Of September, 1870, varLcs
hardly ono dollar per share from the AvcsaGn price
Of all stocks sold during the frst Of September
1877. Tho Central New jersey was sold largely.
254, COL shares bringing an aggregates Of $50. Uf
l.ackawanna e. e22a shares brought an Avcraga of
ST. each; Eric, o. :.55 ahsrcs brought about &10;
Lake Shore. 49,, OILS about SOL. Michigan Central
17D, ,040 nbout $40; Western Union, lib, D6o a>out
$40; ST. PAUL. 51 $50 about $50: 1t. Paul preferred,
~ 600 about sos; Ohio, 9S, Bo5 shout sl1 and Pa
cIc Null! 49, ALT about $2t These shares weEc nlne-
tcnths Of tic entlse saes and their average pfccwas
about s51. 49, During tbs hrst half Of lhGs month
nearly ntno.tenths OF the aharcs sold have
been tho following: LaekawaanA I'D. 737,
averaging 3l5; Lake sh0fs 3Ga, go, averaging
nbout 403; Western Union $40, CSC, about 2S3;
Michigan Central 14u, OB2 about s37, Ero III. TIC.
about S1g; st. Paul 20, 514. nb0nt $31; preferred
n, ILL About SUI: Northwest o.. OBi, ahout 81;
prefetrcd 10. 0He about S8,: Nov York Central
O1, lga. about sos; Delaware i Hudson &c. 27a.
about ST., aud Ohio 3s, 7Co. about Il. l,ut the
average ptIco Of ait these stocks IL 4lso about
$5:s,h0. When any stock ia 20 hoid or rises 10
hlIh that nobody daros to be 1t short, Or when It
einks 50 for that mol cyen July bulls dare 10 bny.
II becomes uRtmpostaAt Ia tho general average Of
t.aps4ctions. As TO the rest, It II very m1ch like
tho scc-sHw loved by children; II ono gees up
another sos' down. Ia9 bull. 'Ht' stock which
bears delight In tearing DOWN stocks which ato
high. so II comes to pass tint speculation vtbFatcs
about central point, rarely pushing The average
price VI stocks sold much above or below 40 per
r.. half ...,n,.,n nouHasS. ~ .,,,.,o,. ,.,o. ~,
oal speso'a'g.s. y, opetso,s i ' tas
,hps, @ their @ own W way On ,hu ] Euroueoa 1 pounes @
Speculation or she r.s reached u. hisaes, pesss a.
the END 81 a
NV NV ,,r aas ~, ~ s.,,s
~ sn"n1 ~ vrt,r, nnd "sitnn, ho.n a." .x.a.,
nj the out,,.r.t al 4 crsfs, The marty nj sneculs.
tor, ror 1ho f.l1 wh,ch with Int m, rrc.n, f,n h,
horn rmo,t n, ,to i..i rour vcsn. a. cr,ir..
~ ,,.to1tnJ hx ~, ,n,tv -, ~. -. H. E,snI
a., r.-,,n "a 1,rc.., snxs,,, a.,..
h,v, h"rtns haa,.r,,,, ~ vI.an. .,,nasa,, .s.a.
h,, ,l,., ,m,t. =. r,".h 49,, s.u .,,,.. ~. "ns~.
.a. .nas.4 ~ w. .a ,As Deuise
~, n,.. 49,. IT,. ~ tss .sn 1,,," ~. so -
,as, -, ~. ,nn., H"e ,ts ..s W.. y.
sst,,,av.Is1 ann,ho, ,s..o, :. .h.t ~ r,"s H. H.
Ap.,rtn ,..a t,sod mr. w,yo .,,,d e,r,a,,I,n ~. :.
.s.s,,s,4. "."t W = '0"'' e'''0 Va
s"S~~N~ ~. .r.~. ,,,vo
e $50 49,. eAs'SeA a,,' nA@@'
paAus ~ s@o t astus senspso ~ tao sn1o o"''
s.,....s",. 49,. -. ~. nI,..,.' sv.' ~
shameful falIurr Of stats Uank Of that c!ty
ss" .na II a'ss a ~ a%: tst ~ Sposo II
anE ID is stats !, sinoat uttrfiy unko vns ID Cn.
sha ~ waoas efgoa ~ there E0uil gst into
IL oars Htrs onr 5aais urs e;aiHsa og sp<esai coM..
,is.nnrrs .ss a. e eatf s'try gtar aaa - etxt,s
nois ths1" Il 10 s.nk raam,nM;un ~ III ,hs ssats
sud NJ sxora stA1snets hare y be mNle. Thers lila
tins5S LEE af dens,t; htrs u rar9v M1,gai
,0Jatr AID T. apparently fra iEutn ose trick 0f
anp, ~ arrnsiun ~ S,n '' eoa
aol. ~ iii. ttne haa propshiy Learned Tho need oi
a I s st1., ,n ~ h, ~! ~
u saAnin4llu and IF honest siuull 10 ~.
@ " ~ a WIN rne @ st nj p'nss sao'a
tllivu u Corporations xsnsrsy u ia 0Tdsf.
MAStrcLAEtQa or STOCK VALUES.
This ar&iacial ustufs of tho prices now ruling o.
the New York Stuck Exchange ID plainly shown b,
cuup.slu; tue movement OF ps7ces on Tie Nav
York Stock Exchange with TINT In places vhers II
c!iquoAre not in con,tol. The Wall street manpuia
lors have pushed New York Central from S8 70 los
Lake shora from IL to u, and AjchIgsn ceutEa
frum 80 10 u. But IN the Phtlade1pbls Stock Ex
change rcausyiyania naaroad Atock bss risen ont
from 81 " 10. AZ Philadelphia the NcAdIn