The New York herald., 1876-09-18
FINANCIAL And COMMERCIAL.
The Situation in Trade and Speculative
CrcIes-Encouraging Signs.
THE GOLD AND MONEY MARKETS.
Review of the Week-CO Government, Railway
and Southern Bonds.
WALL STREET,


Both In financial and commercial circles the business
dealings of the past week have been large and the re-
cults more than usually satisfactory. The city is over
towing with strangers and trade centres all alive
with their presence The demand which has suddenly
sprung up has absorbed millions of dollars worth OF
merchandise which awaited this all movement, and
brighter feeling Is everywhere apparent. In the de-
partment OF dry goods especially IL is noted that
liberal dstr button OF goods has taken place
than during any season since 1878 This has gwen
work to the various mills and factories of the country
and In turn stimulated business in all the industrial
channels that radiate from metropolis and are
animated by its commerce lr the reduction in the
price OF coal shall affect In similar degree the iron
interest tho country, and give employ mcn 10 the
hundreds OF now idle furnaces aud the thousands OF
Idle mon. shall indeed have crossed the Rubcon and
be once moro on the high road TO prosperity In
MARKET
there has been exhibited degree OF fcverishnoss
that strongly with the calmer and more en-
couragng undertone That exists elsewhere The rea-
is, perhaps, sufficiently obvious Wall street has
lest its leadership and longer reflects far in advance
The approaching changes in the commercial situation
The outside element which in former times was part
Of speculation is both poor and absent Tho
men who have swept into troir Golfers the bulk Of
profits during the decline of the last sixty days are
chiefly the professional operators Tho majority oil
brokers impoverished and dshcartenod. ard TO-
day. instead or recognizing the cheering signs beyond
the Stock Exchange likely TO pro-
ducc Immediate benefit to themselves are dcspondenty
expecting the worst This is attestcd by the difficulty
with which stocks sustained and tho immense
number short that have been made Of sccuri-
lies heretofore among the most favored The lack Of
confidence rarely been prevalent and yet it
would seem, Wow of all tae facts that the time Is
acar at hand when there must be change ior tho
better
TRANSACTIONS THE WEEK
Eerc large times the fluctuations, especially Of
me coal stocks, wero WIDE The best prices Of the
week, however, not shown at the close. The chief
attention was bestowed Delaware and Lackawanna,
Now Jersey Central Lake Shore, Delaware and Eud-
son Canal Pacific Mail Western Union and Erie. Tho
greatest decline New Jersey Central, which fell
33si 2o7s, with recovery In final dealings to
22ss Among btuminous coal shares Consolidation
declined per cent Delaware and Hudson tell from Is
20 e. and ended at CO. Delaware aud Lackawanna from
79H 70 73x, closing at 773S. Lake Shore opened at
SIX, rose to 54k, alter selling at 5Oh. and closed at
53sx St. Paul common declined from 33sS to 304,
which was tho last price The preferred stcadier
xlchican Central also weaker falling from AK 70
30 391.
The following tablo represents the opening highest
and lowest sales regular way Of the principal stocks
auring the past week, together with the number Of
shares dealt in