The New York herald., 1876-10-09
FINANCIAL AND COMMERCIAL.
Review of the Week-A More EncOur-
aging Outlook.
GOLD AND MONEY MARKETS
Transactions in the Stock Markct-COvern-
ment and Railway Bonds.
WALL STREET,

.,
Tho profits OF the past week have besn divided up
unequay. Like Boireau's ltgants, tho bulls have
swallowed the oyster aud left the shells the bears
Still, "turn about is fair playa maxim which the
bruin Will agree to as no takes h's pun
ishment stoically. The importance OF tho 'turn
about Is especially notable In reference TO the
course OF the market which from distinct
drift to tho vulgar fractions Of former prices
has been stayed, reversed and thus lar
sent on It's upward way. II Is doubtful
whether tho party Of progression were instigaed oy
any generous or patriotic motives than the ac-
emulation of such plumber as vigorous attack upon
Immensely ovcrsold market would bring INTO 'heir
hands; but tor even these there may be palliaton
should their actions. unwittngly have produced
reaction real or permanent The bulls have SO long
been "dropping buckets into empty wclls' that the
shit OF fortune In their direction has surprised them
quite as much as Il has the bears and remains to be
seen whether there be sufficient energy TO take advan-
tngc OF the food which leads 10 the haven where they
would be-the recognition OF an unsympathetic public
1t is one thing to buy stocks and quite another 10
sell them and the passing Of shares from ono
hand 10 another within the precincts Of the Stock Ex-
change brings now grst TO the mill, where all the
actors are mers Vent must be found outside among
real customors-among the patient, suffering vul
aus who either as novitiates be invited to take
OF course game will be pro bono publico solely but
II ii should turn the brokers get the best Of the
gamble don't abuse them, for the Stock Exchange is
respectable house. and the dwoers within its thresh
old have not had a chance for many long day.
AS things look-shsped as they are by an improved
condition Of commercial interests, great crops, the
profitable cessation of the railroad war; and better
than all, growing Keeling that the country is not
going the dogs just present-there seems to be
reasonable hope that tho business on tho Stock Ex-
change may improve also. The great desideratum Is
the favorable consideration OF the outside public the
r.odus operandi Of securing which BIO lett 10 no
competent minds than those OF the skilful man
ayers of the present movement
THE COURSE STOCK xARxgr
during tho week perhaps bost reflected the table
which ioowa II will be observed that the escatest
business was done in Delaware, Lackawanna aud wes.
tern Lake Shore New Jersey Central and Michigan
Central The St. Paul stocks were also In demand,
but declined from 29,s to 26x for the common and
from 59N to SIR for tho preferred the closing prices
respectively being 27as and 5S1. The most important
changes were In Delaware and Lackawanna, which
rose from 64sS 10 TAX, closing at 70K In Della
ware aud Hudson which advanced from 6l5s to 69ss,
and IN Jersey Central, which moved from 26% TO 4oh,
ending at 36 Rock Island from ySA TO 1917,
Lake Shore from sax to 5s5S, ending at IS.
Michigan Central from AK TO 46, closing at
49,: Morris and Essex from S9A to 94h:
Western Union from 7oaS TO u, ending at Tx.
at 6H and wabash from ~ to ga, closing
6A In the last named stock larger interest
than usual was developed, shown by the saes owing
10 the recent change the direction and TO the poss
bty that the Improvement in its business prospects
Is precedent 10 tho readjusments Of matters upon
now and intelligent basis. The earnings since July
1878 xrcrO f0iows:-