Year: 1872

gold yesterday what they regard a the improving
prospects Of the reelection Of Gen. Grant, logical
and faithful chronclers will of course tell ths
public In tomorow's issues that the decline
and advance in gold to-day indicate the Of the
Liberal and the election OF Mr. Greeley But the
simple fact is, everybody knows who knows anything
about the street, that the late decline in gold
was caused by the action Of Mr. Boutwell,
In making 1t superabundant for the time
being, and that the recent buoyancy IN stocks re-
suited from an easier money market. produced also by
Mr. Boutwell, in giving the street extra Ave millions OF


reenbacks with intmation from Washington that bo


intends TO keep the money market easy till after tho
election, II he should be compelled TO resort 10 tho


issue Of many millions Of eenbacks without the author


ty oflaw. The decline IN stocks to-day only tho
natural of the unusual advance in prices yeser-
day and the prospect OF either Mr. Grant Mr. Greeley
had about much influence upon the course Of tho
Wallst. market yesterday and today as had those or
latest candidate for King Of the Cannibal Islands.
But the fact that the Grant organs put forth such


imsy arguments in behalf of the denomination cand-
date would 10 imply lack Of confidence In their
ability TO carry majority OF the States IN November by
the efficient means adopted TO defeat tho real voice OF
the people Of Pennsylvania on Tuesday last. The early
business at the Stock Exchange this morning exhibited


decline in prices which seemed TO bode good 10 tho
bulls The rapid changes and fluctuations In Pacific
Mail formed the subject Of considerable gossip and tho
remainder OF the list doubtless more or less innu


enced by the break in this stock The first sales
were at s3as3i but before tho first board this
price had broken TO 7e and recovered per cent In
explanation rapid changes the price OF this
there In the street TO the effect that


prominent member OF the bull pool had unloaded his
holdings upon his fellow members; but inclined
TO dsbeeve the story and to attribute the depression at
times during the day TO the vigorous OF the bears


After recovering 10 si the prices again reacted TO
sOt and 1Ictuated between that figure and
SIT the remainder OF the day The bulls arc
still confident and intimate that the authority
given by the Legislature to the directors TO pur-
stock account Of the company for the purpose OK
reducing the capital, may be used as to make II an
easy thing to accomplish hrstcass corner" Readers
will this kind OF gossip whatever OF Importance
they may think It deserves. There was pretty AMI
mated business this speciality all day, but the dealings
were heaviest during the morning hours. The decline
in the market outside OF Pacific Mail to per cent,
though in the day Wabash weakened under reports
that Uncle Daniel Drew indsposed and the quota
tions gave way from III to COT In the afternoon the low
rates Of money stimulated rmer feeling, and although
the transactions "A small scale. compared with
this morning. yet the improvement in prices in several


cases equaled the early decline. Pittsburgh and
Harlem have been exceptionally firm all day, the former
selling at S9t and the latter at 1874 Qli Erie was
dull at 4sd4st The 81. Paus also quiet, Union Pa
cnc Rock Island and Northwest preferred showing no
movements OF importance Delaware, Lacka wanna and
Western sold Sa97s Panama l3 9l43i and st. Louis
and Iron Mountain In the miscellaneous list
Atlantic Mail declined from 81 TO 1s Quicksilver sold az
A for common and IS for the preferred Express shares
were almost neglected The general market at the hnal
close was steady. The following were the opening,
highest lowest and closing prices OF stocks sold to-day: