New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-10-06
Acess ofTeservc
above legal re-
1911

above legal re.
0uIcmenis.... ss.50aS5O saG2425 Dec 80. soc.aa5
Daring the early hours Of business to-day the stock
market WAS icvcrish. and the prices OF the
huctuased i~tween the final figures OF Friday and a
range OF per cent below those fignres was evident
That TIE morning market II waiting market
waiting Tor the occurrence If expected event
lore developing whni the next movement was 10 be.
Tie sequel showed that that was the bank stale
ment What the character OF The bank abatement was
TO be was Shuuded in Hysery. Hence, although ~
was orerl,iaisd yjaie%er ,rsf hc T,. eh,rcter nt
postpone The movement until uficr the statement
was aHnouDeed. and then 10 be sui Drised tnat
II WIS TO worse" Atcarongiy almost Immediately
after the publication the bank siarement orders 10
hoy began 10 how into the BoaId-room. and prices
started upward. The average operators quickly TOOK
tue rom ard ihc evident eagerutss
Clique brokers TO stccja at almost any Price
added 10 the list ot BUYERS swced the excitement
to degree fully equal 10 any that has preceded IT, The
anxiety to buy increased by decline m the rates
10Y morey (which exp aimed boloWlaud The day closed
Win great enthusiasm ior getting on the Tong side OF
the market or or adding 10 accounts already long" 1t
may De improbable. nut t Is possible. tEat The results
WI show that Tie average SPECTATORS during The lasl
halt Loui Of business ran away with the market and
gathered hcif supplies of stocks from the orginaIors Of
the upward movement
Te total TRANSACTIONS OF the day amounted TO 3sO321
shares, against 47OsO0 Friday Erie confined
inc Conspicuous feature oi the speculation The total
sales OF Enc were $4,000 shares divided follows:
Before the publication of the bank statement $4,000
SHARES n 81 G35 dS5s; after that tine. 10000 shnres
az 80 931 a. The stock closed with thu highest prize
ported bid AT offices. The preferred stock de
ciiDcd fTeu 81 20 COS later rising 630627s Lake
ana ended al; 34la Michigan Central selling nj SSl20S1
a. isaS-os. Canada southern nj 6Od69l1, ana &. c.
G. and al 56 G1OQ5s. The granger stocks first yielded
Il l. ccnt ga: afhrwarl more than recovered the
declines. thu 81. Paul stock being consncuUuy strong
6Sl26D6g07l1a The Southwestern list OF stocks
less scyc but generally more than rcgained any losses
sustained the early business. Less excitement
observable IN the coal stocks hui they 0So made the
carly declines nnd generally clos I'd fraction above the
nnRl figures Of yesterday. Western Culon Gul, but
IA nal sales showed advance ol a per cent Pacific
Mai yielded 10 80. but later to O. d3li2 The fact
that TINS company by "hooh or crook succeeded ia
scfapig together Sufficient funds 10 pay 10 The Panama
Railroad COuipsny S20O,OG0 which not due ~
order 10 reduce debt witch drawing only per
cent interest whe II leaves unpaid to the city debt
amounting To about $4,000 which ~ past due and l.
drawing interest at the rate of per cent a month, IL
the occasion OF much uDiaVGiRble cOInmcnt and sug
the idea that extraordinary efforts made %
money for the purpose Of ing ~ whoe IL would
DO the most ge0d"-to sock speculation.
FANCE STOCK JkRNEI.
reported bg the GOia St0sk IrtG5raDh C0mD1ag.
Actual Sales. Closing