The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-01
FINANCIAL and COMMERCIAL.
Events Of the Week Review OF
the Several Markets.
GOLD AND MONEY VALUES.
Government and Railway Bonds--Foreign
Exchange Mining News-The
Railway War.
WALL STRxET. |
- April IN 1874


JAS regards the volume Of business transacted on the
different days the past week tho Stock Exchange has
been perfect variety show for It has offered an enter
tainment OF brisk market. moderately active one
and periods Of intense dulness. II was rather re-
hearsa than performance, for the doings were left to
The professionals themselves, the paying public keep
ing steadfastly away, ms they have for so long time
been doing. As regards tho entertainments, II was
rather OF the OF tragedy than farcea matter
ef tears than smesfor It presented market steadily
declining prices lower than have prevailed for many
months past Some stocks even marking the
lowest figures In their history, and mono OF them
good, bad indinercnt-have escaped the blight
few words Of review as of the for this
depression will not DO out OF place.
Privately there exists an intense feeling of disap-
pointment that the expected Improvement in tho
spring business commercial circles has not been real
ICED. There q sort OF supersttous idea that the
centennial year was to be a tasman that would set
everything right and there magnetism In tho
mystic 100 that was to speed with electric effect
through the veins Of trade. But the magician has
failed 10 appear and the circuit Of the current Is
broken. On the contrary tho token 100 seems as an
augury to be decidedly nauspicous, for 1t IL the FIRST
time in history that we have declared our inde-
pcndence with three figures two Of which are ciphers
and the other the smallest OF numerals Is it two to
one that not going TO do SO we'll in the new CEN
fury did In the old? In cricket parance is our
uuro to be record Of goose eggs and our little
game to be played with double as IL was At Hon.
burga Is it of niha nihit it, or, more cheer
fully may prove tho truth OF the old grammatical
rule that two negatives must make an Affirmative
We pause for reply
Next in Importance and closely due to the de-
preston in business the railway with its ruin
m I'M netit M tho falling "a
Dcpts and capacity for dividends, which attor must
grow small by degrees and beautifully less" Long
lines Of stocks representing Lake Shore, Michigan
Central and other less prominent roads, which for
months past have been ugged along under good repue
and III repue, have found their way the market and
have gone hands that may may not be able to
bold them as the shaping Of the future will decide.
The same is the case with Western Union Telegraph
tho same sort Of strife and the cutting under
With the Same disastrous results unfortunate
holders
There Is homely adage which declares that sswhat's
me mans meat II another mans poison" and II Is
hus likely in the present instance between
e public at large and the shareholders OF the corpo-
ntions.
The bearsh feeling on Change has been still further
strengthened by the detection Of Mr.. Gould from the
bull speculation, which seems only have Slapped
It OF whatever strength cf but TO have frightened
the lesser magnates ON that sido completely
tirement
1t is possible however, for the downward movement
10 be overdonc, and, sometimes happens to the
shining lights Of Church and finance who fall away
nom grace, with startling suddenness the market
Is likely to got of the upward tack at any moment
bear panic the present oversod state Of the
ket is no improbable event, and its accomplishment
rests with the fiat Of pretty nearly
THE SALES WEEK.
rhe following table represents the opening highest
and lowest saes regular way Of the principal Stocks
together with the number OF shares dealt in -