New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-13
BoARD-1I O'CLOCK A. NJ.
THURSDAY, April 12-P. NJ.

Most extraordinary efforts to-day were made
20 arrest The tide which yesterday vas setting 40
strongly toward a first-elGss stock panic ana not
without a partial success. Tee market continued
fevcrish, and subject to frequent and wide huctu
atoms. but the day passed away without tie publ
Gallon OF any additional casualities seadIer feel
ing prevailed, and hopes were entertained mat
a grand disaster had been aveTted. Yet 1t must
be remembered that @ repetition OF past folles
such as a wild "bull" movement, with the public as
sellers Of their securities instead Of buyers, will again
invite what has perhaps just been escaped The same
principles rule to-day six months ago Securities have
vet 70 be measured by the rule Of value, and nveS
cations of corporate arrangements and finances are yet
IN their infancy. But if this was not SO, the liquid
atons III Panama. Pacific Mall Northwestern ana Rock
Island stocks which must follow the events of the past
two weeks have only been postponed and not made In
Panama the position has scarcely been changed thou
sand shares what 1t was when the price was 10
bid" No progress has been made with Northwest com
mOn and but little with the preferred or Rock Isahd'
Concerning the latter. there Is no little uneas-
ness expressed because OF a fear that the com
panys finances are seriously mixed mp with the
stock specuaiiOns and apprebended tnat this fear
viii prevent the OF the new per cent loan the
bids for which al e TO he opened saturday the l4tn
inst Those officers Of the company who are in no man
ucr connected with Mr. Tracys speculation owe It to the
public to make thorough investigation, and II possible
dispe the fear suspicion whch is now openly talked
slight recovery the denial of the report OF the Della
ware and Hudson having asked for the appointment OF
receiver We understand IT The intention OF the Della
ware and Hudson ard Delaware. LackawaGna and West
ern Companies Jointly with the stock Exchange to offer
Ian &c reward for tho discovery OF the Iginator OF the
report.
The total transactions in stocks to-day were for 25l
600 shares against SILL yesterday. The opening
was marked by Wild excitement which, however, soon
subsidized under influence Of steady and persistent
bids hi Cher prices than the closing ones Of yesterday
after which the market was alternately weak and strong
The principle fluctuations from the Opening to The END
w.re as follows Central and Hudson 81 D. 4"2d9ll7G
Ola a0Oa a9lA; Lake shore, 463sq i7ls Gi53! ~
4Gasa471i; Mcr gan Central, 37lId&S Qj735 39's
3s1- Q39as; 81. Paul common WAS at first very
weak, declining from II To II, but rally
ing to 1873 ga 1874, the preferred selling at
4SIsa4ic4la 1875. Rock Island and Nortn-Wes;erns
received the particular Of those interested in
90 sou 90 @759l North Y cate.u common al =
0la9Ql7i4 1863 IN Olga l. - and The pre- erred -
awanna and Nciieln op'ned up at o2L3 ana soid
40 J3GJl J. 0J3 UJl 7sGJ2'J 0la %. Norris ana
Essex started at -. sod ~ % -, ana ended
rs. with 17la aiterward bill Delaware ana hudson
cucd N il best price. 437 1919 and t.n sold 10 ~4l =
GDa. 04zli ali leatZa t2Qil-s. These stocks were
made very scarce iog delivery, Delaware IAc~aW"hl
and Western commanding a per cent per ulh ahd Dol
aware and Hudson 81 yer cent western Union after
selling at 50lz IJC8 ruled strong no or above o. closing
then 20 IL Expresses were nj lower Adams SELF
ing at S7l2a014; American az 0j0ol "a ii - and
nc sale OF stocks az tie last caI-9:l5 p m-of the
ODcn BoaId were follows: 100 Central and Hudson.
sisl 500 Lake shore. 17e0l7I 300 Ncl2au cniia!'
33l3 loo Erie CS5 500 81 PAM, I5"s ~" Neiciie,,
4ol2 100 Rock island, 81 100 ONO and Mississippi J;
800 Delaware and Hudson, II a. and 100 "estern Chion
P.vcr OF TIP N.DKrr AT TIE STOCK EXCHANGE.