The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-06-21
THE EVENTS OF THE WEEK..
Movements Among Stocks
and Bonds.
THE STRENGTH OF GOLD.
Imports and EXpOrts-The Failures Abroad
No Psrceptible Effect Here.
WALL STREET.

tho principal feature OF the week just closed
was the sharp financial disturbance in England,
butlt produced less anxiety IN our own circles tnan
might have been expected under other conditions
Tne facts that we are not on specie paying basis
and that our banking institutions are abundantlY
supplied with currency are just at this time. per-
haps fortunate circumstances inasmucn as we are
enabeu to Withstand dram OF gold without dis
comnture and to supply to Europe many more
millions yet without creating crisis OF our own.
When the country does resume specie payment.
however, great failures such as have reen re-
Gently recorded In England and the British Prov
inces cannot occur without sympathetically re-
nectlng tneir influence In this and every other
market the measure OF value of which is gold. AT
TIE STOCK BOARD
The volnme OF business less than usual
owing to the absence OF many OF It's members
while attending the Jerome Park and yacht races
and the Boston Centennial celebration. A iever-
ism and unsettled feeling also developed by
decline In prices instead OF that advance which
was confidently counted upon as the result of
the close of the railway war and probable IN
crease OF rates. The latter. however, has not
taken place, and the situation
changed Meanwhile, business does not impro We,
thousands OF freight are lying idle,
and 1t is only by the exercise OF the strictest
economy that the several lines viii be enabled to
these reasons that the market value OF SO many
iavorite securities has depreciated Nevertheless,
IL is question with many who own capital and
can AFFORD to wait whether the present is not
inviting opportunity TO bny stocks and put
tnem aside until a reaction takes place. IL Is
not possible TO determine the course OF immedl-
ate speculation, or safe to say that under the
peculiar influences that affect or control tho
market from day to day, we shall not have even
Ian RIO ff danu nct,fra u
30 foresee period or great activity aud improve
ment when, under the spur OF wen employed
capital, revival OF business, the gathering or
crops and the decease OF tue beetles and grass
hoppers, prices OF all good securities VIII grow
strong and great profit WIN reward cue patient
investor.
THE RECORD OF TIE WEEK
shows that the beginning stocks were firm,
although on a limited business, but that later
weakness set in, which did not give way TO recov-
cry until at the very close. The principal
elaught ma ie in Lake shore ana Eric. The
largest transactions were In the former, which re-
ceded from 64T to so, ending, however, at 59s
50Z, with large short interest outstanding The
gossip Of the street Is to the effect tina. there are
stu or per cent profit on this side OF the
market, but IL Is not always wise 70 believe
spontAu 50 publicly dis emlnated Erie, in con-
sequence OF the proceedings for foreclosure, and
otner start downward and fell OF from 1T2s
70 1874, closing at 137S. wabash
weak, because OF the less favorable
prospect or release from the consequences
or default and the dif1cully OF transferring tie
stock Union Pacific ranged between 733s and
75K and sold at 1874 TO 744. eG-dividen6. Pacific
Mail advanced from 32k 10 asa, fell on 10 s14S
aud closed at about the highest price OF the week.
st. Paul common closed AZ 324. after advancing
from 29k to S3k; the preferred rose from 52l. to
55K. with partial reaction at the close. North
western common closed at 81 after selling at 36h
8 80 a 35K; the preferred ranged rom 4st1 TO 50k
and closed al 40. wabash dropped from to 6ls
and O., O. ana c. from ~ to .. Western Union
advanced from T4H 10 75H and closed a. 1875 TO
1884, ex.divldene Of per cent. Atlantic and Pa
chic Telegraph closed at 23i4, after selling at "a
22I Investment shares were strong and al
vanced.
HIGHEST AND LOWEST PRICES or THE WEEK.
The following table SHOWS the extreme nuctua-