Year: 1872

On the whole, the day has been fraught
with rather less excitement than yesterday, though
there was st enough going at the stock Exchange
to make 1t decidedly lively. At tho send-Of there
every indication that the market would fully equal its
predecessor for stocks weak, money active at
consideration OF per cent In addition 10 the legal rate'
and gold strong and difficult obtain. To add to the
difficulty, Continental affairs presented anything but
serene appearance, there being reported renewal Of
the Euxine troubles and alsos free outflow Of
German funds held In London In a bomeward direction.
At all events, the situation grave enough 10
an extra meeting of the managers OF tho Bank of
England, at which the discount was advanced
from 81 per cent to A. The gold movement, however,
unaffected by this, though there is considerable anxiety
TO know what the directors will do at the regular meet


ing tomorrow. Any effect this might otherwise have
had was neutralzed by general expectation thar, n
asmuch as the Treasury bought extra amount of
bonds to-day, it would also sell extra gold
The carly stringency of money rates had
the effect Of giving the stock market
weak aud feverish at the opening, and the
entire Inst Of active stocks knocked about with
unusual freedom, most marked however, IN tho better
class OF stocks. This condition of affairs resulted in
decline before the First Board Of to "A cent. From
that time until after the l O'Clock Board the ups and
down OF prices involved further OF to q per
The early afternoon brought with IL cheer


fu feeling. and for a ime under advance in Erie and
Union Pacific, the market held more st,y. This,
however, hecting and subsequently gave way 10
lower prices, the market closing feyerish and weak.
The Erie corner while attracting the principal attention
of the street, less feature than yesterday. and
early differences between cash and regular sales
the highest Of the day. These ranged
from TO Il OF per cent per diem;
but before the delivery the stock was lending
"fat" Perhaps this may be in part due to report that
some OF settlement had been effected between the
and their victims, hut nothing positive in the
premises has transprred. Union Pacific another
card the sharp inquiry from the shorts carrying the
price from 37 to 90 though later there reaction OF


IL per cent probably on account OF the ncredbity OF


report current that the Central Union Pacific roads
were consolidated Corners being the order OF the
day. the gossps insist Union Pacific be cornered


tomorrow and We believe they have also arranged for
the cOrnerug OF Co. G. and /. c. and Pacific Mail AZ all
events the tone the bulls concerning all these stocks
ia one OF great confidence ~ Y Central sold at 0s ex
the halfyearly dividend Of per cent but closed at
concession OF nearly per cent Northwest Common,
Rock Island Lake Shore, 0hios, Pacific Mail, Western
Unon and c. c. and c. next in pointIof interest
Erie 1uctuated between 5 and 53k cash, and i9t aud
52I regular The investments were lower all around by
802 per cent, Harlem, Panama, and Pittsburgh being
conspicuousy weak In the miscellaneous list there was
nothing Of importance, but express stocks we're heavy
United states going off p per cent. As brief resume
OF the market it may added that the total saes OF tue
day $4,000 shares OF which C690 were done
IN Pacific Mail 537cO In Union Pacific, and 2S,9OO in
Erie Tic late shrinkage In values has dragged down
some Wall-st banking houses among which the prom
inent and supposed wealthy firm OF tarnham, Gilbert
Co. is numbered. The opening, highest, lowest, ana
closing prices Of stocks as follows: