Year: 1872

The raid upon the stock market which has
been sharp brief has apparently not unsettled the
confidence OF the bulls and there seems to be Just as
much power TO recuperate as before In point OF fac
the market may have gained elements OF activity In TINS
onset of the bears and 1t is not impossible that In the
end prices may be carried higher than before Accord


ing 10 the ideas Of some Of the old heads Of the street.
however 1t would be much better for the bulls
to adopt Just such tactics as tie bears nave exem
plifed-that 49, TO permit the market to take an occa
sional surge downwardnot only to tempt short sales
but TO attract an outside interest which is essential in
all successful movements There Is quite strong bear
element in the street, which insists, with great plaus
bty Of argument that stocks too high, and that
present prices are sustained entirely by clique opera
tions AS there seems to be reasonable prospect Of
sharp contest between the bulls and bears We shall see
in due time which view of the subject the correct one
Starting upon the basis of slight Improvement last
evening, stocks had a stronger look this morning.
and there decidedly less pressure TO SELL WHILE at
the same tme there seemed to be some eagerness TO
cover short contracts of the previous day at the profit
assured by the lower OF prices The dealings have
been upon restricted scale and without special sgnif
cance Starting steady the market soon became ftfu
and feyerish condition Of affairs which lasted up to
midday when n few buyers made their enre into the
street, and for time prices looked up Pacific Mail I'D
vancing per 6S and the rest OF the list 10 per
cent In the this advance was lost and there
we're indications that the holders of long stocks were
irving TO SELL Their attempts could not have met with

any great success for after the o'clock board business
dwndled into insignhcance and the market assumed
dropping only to react again on the final dealings
After the sharp clash OF arms yesterday between the
opposing factions the bulls and bears to-day have con
tented themselves by watching each others movements;
but now that existence Of formidable bear party Is
reasonably apparent, may look for brief enter
tanment in the future, as both parties WELD great
power and have unlimited means at their command
Hannibal and St. Joseph rescued the market from COM
pete stagnaOn by making sharp drop from 46a TO 2i
but recovering later in the day TO the rstnamed quo
taton 1t is understood that the managers Of this
Germ are TO issue $1,000 shares s50OO0O0 Of new
stock osensiby for purposes Of improvement and this
with the stock selling at l5 cents in the dollar
Under substantially the same management Han
nibal and st. Joseph is rapidly approaching the
sorry condition OF poor Erie The leading dealings
to-day in Union Pacific, Pacific Mail Western Union
Telegraph, Rock Island, and Hannibal and St. Joseph
Wabash barely up TO yesterdays price, while Har


lem recovered from the heayness OF yesterday and rose
10 ILL., st. Louis and Iron Mountain advanced to 73
while investment stocks quiet but firm Coal
stocks were firm and expresses steady The following
table shows the highest and lowest prices Of active
stocks sold today: