The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-08
FINANCIAL AND COMMERCIAL.
The Events Of the Week-Signs of
Improvement.
THE MONEY AND GOLD MARKETS.
Advance in Stocks and the Pros
poets OF Speculation.
WALL STREET.

SUNDAY. MhTCH Z, 1910.
The events OF the past week are worthy OF con-
sideration. inasmuch as they afford to the careful
observer-hc VINO takes broad view OF the com.
mercial situation evidences OF recovery from ex-
listing depression in business circles. Grouping
some OF the most suggestive facts, we see, first,
greater activity in the speculative markets; large
operators taking more hopeful view Of the
luture, ana capital attracted from other cities 10
participate In Whatever advantages may accrue
from an improvement IN prices. Second, 1t Is
reported by various banking institutions that
there Is now larger and more legitimate demand
for discounts than has been experienced Tor many
months, showing more activity in trade and IN
the circulation of money embarked IN the same.
In this connection IL Is also 10 be noted that the
ia es OF money nave moderately advanced, not
taxing into consideration the disreputable devices
OF those who have sought to produce an artificial
stringency, but from causes that are easily under
stood by all business men. Third,
THE DISPERSION OF CONGRESS,
Illuminating though 1t may be TO say so, has
lifted an incubus and enabled the banking and
mercantile community to scan the future with
greater certainty, and make calculations that are
not likely to be distracted by the work oil fnan-
cial en- prizes. Fourth the commercial papers gen.
orally report q combination OF influences material
ly avorlng fresh business, and speak encourage
ingy OF the signs manifested. that when the Ice
disappears, the canals open, and the country
merchants. now deferred by unusual winter
weather. flock to the city 10 make Their purchases
for the spring trade, uew and altog ther more
hopeful condition OF affairs will be seen. Fifth.
the failures Of the year have not produced wide
spread disaster. They were among the results Of
the panic, and have served rather healthy pur-
pose than otherwise, IN provoking additional eau
lion and conhnlnG business within Its legitimate
landmarks. Finally
THE SHARP Decline OF VALUES,
the reduction OF lreghts ard the cneapness Of
labor necessarily enter as active factors In the
problem OF recuperation, and will not be ignored
IN their influence upon any future move
ment OF capital. There are, undoubtedlg,
men wno, with CHROME persistency, Will
view the present and prospective market
with melancholy eyes, and continue 10 see every.
thing draped in mourning; but this minority Is
now TOO small to affect general Judgment or
change the tenor ol events that seem TO have
already commenced q trlumphal procession. Alter
the foregoing observations IT is scarcely neces-
sary to describe why stocks have advanced and at
the close generally show the highest prices OF the
week. True much OF the advance may be as.
cribed to
AN ACTIVE FIGHT
between the bulls and pears. the latter contestng
obstinately. as they did every stage OF the same;
but OF little OF the existing strength is due to
the new laIrn with which the outside puoiic have
seen one railroad corporation alter another ap-
parently emerging ir,m Its tots, and taking
a new postl II. The course Of Western Union.
Union Pacific, st. Paul, Northwestern common
and pre- erred Wabash, ONO and Mississippi and
Pacific Mail, to say nothing OF tine flrmness OF the
rest of The nst requires no additional comment,
the Simple facts speak ior themselves. 1t will be
seen that prices made an advance OF from TO 6}s
per cent and at times under the lmpatus Of strong
excitement. AT the close. 1t being the last day OF
the week. there was slight reaction, owing TO
the gathering IN OF the very satisfactory profits.
and prices lell OFF q traction OF one per cent. The
following tables, however, will convey at glance
an idea of the extremes OF the market, together
with the figures which obtained az the closet
highest AND LOWEST PRICES OF THE WEEK.