Year: 1871

TUESDAY, Dec 12--P. N.
The stock market was disturbed this morn
ing by report Of the failure Of the Ocean National
Bank and prices were unsettled for all the leading
stocks the decline In instances reaching per cent


The sharp turn in the money market Is also having its
influence upon the stock MARKET and there is general
feeling Of dstrus and uneasness by means favorable
to the bull side Of speculation The most active stocks
thus have been Lake Shore Western Cnion and Ohio
and Mississippi with occasional spasms Of vitality in
Wabash North Western, and Pacific Mail The pressure
cash stock for sale indicates the money disturbance
and the check thus given to speculative pur
cases adds the ordinary dulness Of the market The
large holders Of Lake Shore, Western Cnion and Ohio
and Mississippi carry their load with obstinate courage
and credited with great pocunary strength; ;
but 1t cannot be very encouraging to such
operators TO meet with obstacles In tho cur
rent OF speculation such have recently been
countered Outside sympathy in the movements is al
most entirely withheld, and is Indifferent than
q year since-the terrific losses In Hannibal and st.
Joseph which from average Of par has fallen to
50, having given o blow to many Of those who


followed in the wake OF bull speculation. The downfall


Of the City Ring too, has deprived the stock market Of
Of its strongest supports and requires the constant
attention and s Of the clique manpulaors O keep the
whole market sinking under the weight adverse
circumstances. SO long, however, a. the wealth and
Of the stock secuaors the
bull de and long they meet with greater oppo
stOn tnan Is OHereu III duu an occasional
lookup in currency, may expect to see prices
tained and the market galvanized after every little
depression 1t seems to be trial Of endurance which
will possibly terminate to the disadvantage Of the bulls
but which temporarily works In their favor At noon
prices slgntly frmer and the alarm in regard TO
the bank failure had partially subsided The supporters
Of Lake Shore and other leading stocks undoubtedly


in the market again to check the dropping tendency Of
their favorites and the tide be turn
ing-feeby 1t te but still turning. The question s
frequently asked In view Of the reiterated statement Of
the absence Of outside buyers What becomes OF all the
stocks bought In daily transactiOnsi They cannot be
constantly moving and still remain In the hands
II cliques hold their purchases persistently, who
are the sellersi This conundrum Ia almost as
difficult TO answer a to determine where
all the pins 20 to-" but We infer that
the clique operators keep large amount Of the
leading stocks IN ansuthat is, they buy upon tempo
rary depressons and sell again upon moderate advances
still retaining the great bulk Of earlier purchases. In
this way the market s kept alive and has strength i'm
parted at the times when 1t most requires strength
1t Is not improbable. also, that some considerable bus
10 transacted ct times what the brokers call
"laundry" operations, wherein heavy transactions
made for account Of the buyers and sellers Tho


largest proportion Of the deangs however s In circle
which IL mainly confined to Broadst and its immediate
vicinity and stOcks thus 60 regular rounds the operators
ultimately losing and gaining. but upon tho whole gain
Ing long % the tide rising Late In the after
noon, pyces were steady, with Wabash leading at to
a. The late cuEb.stons business at the highest
prices Of the day. The following table shows the high
eat and lowest prces at which active stocks sold TO-


day: