New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-03-09
An ACTIVE STOCK MARKET.

Increased activity at the Stock Exchange yester-
day brought with it decline in prices that in few
instances was heavy. The dealings were attended
with great animation, but they were by no means
excited. and the stocks that suffered the
most serious losses were not generally those
that contribute largely to the volume of busl-
ness There was a remarkable absence OF
important rumOrs likely to affect prices although III
was reported that wild rumOrs were In circulation.
1t was the general belief that the recent deprecia-
ton in railroad securities had worked serious harm
among spectators, and in consequence of this belief
there were inuumcrabe surmises as to where the
loss would fall heaviest. Banks, brokerage firms
and prominent persons all fell under the ban
of street gossip. and it was whispered
confdentially that at fifteen minutes after o'clock
something was to occur that would disturb Wall
Street. The hour passed, but the prophecy was not
fulfilled. There were failures announced at the
Stock Exchange and far as could be learned,
no mercantile paper was dishonored.
The transactions in Erie were unusually large,
and the price fell from SO to 34, with a
considerable recovery at the close. The coal shares
were lower, partly perhaps on account Of the ru-
mored discomfort among the workmen i'll the coal
regions. Delaware. Lackawanna and Western was
active, declining from 123ls to 120os but closing
with loss of less than per cent. Jersey Central
fell 3 per cent, but afterward made partlal re-
covery The Vanderbilt shares were not partlcu-
larly active, and Lake Shore did not maintain
its prominent place in the trading. But prices
for all of them were lower, and Michigan
Central and Canada Southern declined between
and per cent. Among the active stocks, Louis
Vile and Nashville conspicuous by falling from
~ at the opening to 65O67s4 The heaviest
declines were made by Nashville, Chattanooga and
ST. Louis, which tumbled from SO at the close Tues
day to 54 yesterday, and by Memphis and Charles
ton which fell from 54 to AZ. In both instances
there were small rallies at the very close.
If the sentiment of brokers and spectators who
frequent the Windsor Hotel be taken as ba-
rometer of the condition of Wall Street, there were
no indications of financial storm last evening,
however severe might have been the days stress of
weather to some men. The number Of those persons
present at the hotel was smaller than usual. Com
paraively few of the operators who responsible
for most of the gossip after Stock Exchange hours
appeared there. No more alarm or anxiety as to the
future was indicated by the common talk than
is expressed nightly by the nervOusly disposed
bulls" Conversation turned generally on the
ordinary topics discussed recently in speculative
circles. A feature of the talk the absence OF
knowledge shown by many brokers of the uniavor-
able rumOrs which some persons said had been cur
rent in the Street during the day. Brokers sug-
geSed that some false rumOrs NAV have been
started for the purpose of contradicting them. At
the Fifth Avenue Hotel there also was an absence
Of any unusual excitement or talk OF special inter-