The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-19
FINANCIAL AND COMMERCIAL.
Review Of the Week The Course
Of the Stock Market.
GOLD AND PAPER MONEY.
Government Bonds Strong Railway Bonds
Firm-Mining News.


The events Of the past week have not been OF char
acter sufficiently interesting require extended COM
ment In speculative circles little else than brokers'
market is to be recorded from day to day, while the
aggregate Of transactions shows not only decrease Of
business but q growing ndisposition on the part Of
traders take chances in games where the cards
stocked the play artificial and the dealers hold the
!rumps. At the opening railway and miscellaneous
shares weak, aud prices declined from 4 to per
cent, tho immediate cause Of the downward movement
being the further reduction fares and reghts by the
parties to tho present railroad war; but TO-
ward tho close, under the leadership OF
the Granger stocks-St Paul and Northwest-thers
an exhibition OF considerable strength notable
feature at this time, however, was sharp break 10
tho price Of Jersey Central which, owing 10 the state
ment that the usual quarterly dividend had been
passed. tell of 5 per cent bringing OUT is said not
little long stock At the same time, In quick sym
pathy with its coal carrying mate Delaware and Lack
awanna receded IN per cent Whatever feeling may
BIO prevalent that because stocks are low the bottom
round Of the ladder has been reached must be rather
rudey shaken by the weakness that has thus been de-
veoped in hitherto avorte securities to say nothing
ofthe prospect OF dull summer and the inevitable
suit OF the fight now In progress.
Tho largest dealings of the week 10 Lake Shore,
which fell from SAX to S. but subsequently, under the
influence OF favorable reports that industriousy
disseminated, coupled with the adrom operations OF
certain brokers' the price advanced to 65 closing at
E Rock Island maintained its strength steadily
during all the fluctuations OF the week. Ohio and MIS-
Sissppi owing to its larger earnings moved TO the
hont, and bid fair to advance strongly, but later fell
II to 10 q 1917 Union Pacific was comparatively neg
ectcd, the quotations being 90 So Erie remained
Itaady at IA 13k 1874 Pacific Mail, without being
lctve retained considerable frmness under tho pro-
ection OF its friends, but for the moment there is
little disposition TO make tho stock active.
In OF the large amount Of capital seeking invest
ment, the great number OF shrowd rich men who
anxious to avail themselves OF every oppor
unity to place their surplus funds favorably the
Of the mony market and the millions that will be dis
burscd after the LIST Of July by tho govern
mcnt and corporations, would believe the present
condition of the stock market to be inviting Why
so, why it Is LETT the mercy OF 'scapers" and
few local operators who may DO counted Upon the
fingers why dulness reigns business lags and bust
ness all unsettled with reference the future
questions which We leave to DO answered by tho
public Our present experience IL novel We
paying tho penalty OF imitation and extravagance,
mud there few old Oh to apply the
the past to tho strange experiences OF
the hour
TRANSACTIONS THE WEEK.
Tho following tablercprcsents the opening, highest
and lowest Sales regular way, OF the principal
during the past week, together with the number OF
,ha stoal IA iv.-