The New York herald., 1876-11-06
FINANCIAL AND COMMERCIAL.
Review Of the Situaticn-A
Dull Week.
THE MONEY AND GOLD MARKETS
Government Bonds and Railway
Mortgages Firm.
WALL STRxgr.
SuxDAY Nov. 3. 1879.


Alter coquetting in for two three days tho
railroad agents have skipped OF TO their homes and
left their trusting admirers with hopes for tho future
thin the typical pancake They have done more,
for they have lett tho market with more
backbone than pertains 10 oyster, ard with
moro toLe than the Centennial caliiope The tact
that the presiding officers OF the great trunk lines
to meet IN propra persona without delcsatng
their powers to undcrsappcrs, received as an IN
that business and that the result could
be other than favorable increased rates Tor rac
and consequent advance in railway shares. Even tho
stea,hy meetings and meet
were regarded excellent omens, and speculation
backed nlled pricos and fol reports OF
proceedings came for better Thus during the
frs. three days week the stock Jobbng fraternity
dancing attendance upon the conclave or scour-
ing the purcus Of the Exchang, for Information as 10
its dongs, while the market itself went through the
stated routine oil exhibiting decided strength In the
morning natten,ng out completely after midday ana
fetching up with q sharp rally just previous TO the
close. When 1t became known, however, that the
conference had broken up for good and all, or
with no better assurance VI reconstruction
than lay in tho beck OF lukcxarm chair
man, there occurred a serious depression
and return OF prices tho figures two weeks back
Thus sfoolcd with hope" operators Tor rise found
their sheet anchor gone and no appliance ready
at hand with which 10 rig fresh support. Consc
qucnty the latter part OF tho week | as been an
epitome Of dulncss, unproductvc OF shekels TO tho
needy broker and a puzzle TO the curbstone prophet
and peder OF 'prvicges."
1t is certainly unfortunate that Important
element strength railroad peace could not have
taken practical shape for although there exists un
doubted under stratum OF irmness formed from trade
Improvement. it Is not stable enough in itself
duhl hans
party. Such a party, 1t is conjccured
in some quarters. already been constructed
by a coalition OF fTwentythrd street and the Osborn
Mills contingent or ut least that agreement to
work for the same end has been formed. As these
gentlemen not in the habit OF placardng their
projects It is only matter OF gucsswork at tho best.
though tho supposon may be traced 10 certain er-
ratio movements in Lake Shore which gives color to
the story.
The ST. Paul shares persistsnty feeble through
out The week under the expectancy Of showing of
diminished earnings. Although the return, when It
came was better than had been looked for, II had
further effect than steady the stock Ut the decline
Tho Western Union people in their campaign against
Jay Gould have been very happy in their tactics
judging from the difficulty OF the advance, though
arc promised a brilliant movement for next week.
What with the addt ona business from Centennial ma
other the company should be In condition 10
blow very large trumpet In their next report; but
unfortunately, tho breath will give out with the APP
poachiLg closing up Of these fictitious aids. and the
mu c OF two per cent quarterly dividend die away
with them.
The excitement OF tho election is likely to render
next week a and until tho political hurry
bury is probable that no definite shape will
be gwen 10 tho Market either up or down.
THE PRICES.
The following tablc represents the opening, highest
and sales OF the principal stocks, regular way
during the past week, together with the number of
shares dealt in -