The New York herald., 1876-10-30
FINANCIAL and COMMERCIAL.
Events Of the Week-The Specula-
tive Situation.
THE GOLD AND MONEY MARKETS
Improvement in Government and Good Rail-
way Bonds-A More Hopeful Feeling
Among Permanent Investors.
WALL STREET.

SCSpAy Oct. ", iSsA
The calcium lights OF the stock market for the last
six days have been Lake Shore and Western Union,
and their enagencc has dmm0d tho iecblsr rays Of
tho Inferior iancies The chief business OF tho bull
leaders has been frs. GET and to get Out in
which attempts they have been successful in the
former than In the latter. The market has lost much
OF the snap OF tho preceding week. Dame Runor
hav!ng apparently loft town and facts being
few and unmportaut excite tho Gradgrinds ofhe
Board There were be sure the suppostitious telc
grams announcing alliance between Russia and kou-
MANIA which started prices up and tho more authentic
OF trouble IN the Continental Lite Insurance
Company. which started them down again. bu' beyond
these there nothing 10 create sensation ana 'he
bull c.iques forced fall back upon the daily ret-
Grafton OF railroad peace and tho plethora Of the
Western granariss TO back up their movements
In this they have been more right than wrong, as
evidenced by public opinion, which takes the same
view OF the matter. though 10 10 pity that public
opinion could not be rendered practically dcmonstra.
tive and be persuaded to take some OF their stocks
Nevertheless some good has been Effected tor the hand
has upon tho plough oprogress. and though
It may stick in tho mrrow there Is n hrm determna-
tion no back the doorous days OF tho past
The Western Union movement has been sort OF ex-
the general speculation. and has no more
70 60 with an advance founded upon better times than
ant II vas simply founded upon the presumption
that Jay Gould had become short OF the stock TO
very large amount. and thai eligible opportunity
offered TO smte HIM under tho nth rib. So lar tho
blow has not resulted In any very remarkable display
OF biceps net advance OF less than tour points s
the sum OF success and the enemy at last accounts
seems square enough upon his legs
In the granger shares the threatened upward move
ment in the Northwestern TO have died In It's
fancy. What shape the Hcrod took which brought
about this result not known only have the tact
OF the demise Tho ST. Pau! stocks, tho contrary,
arc struggling with a sicky existence and suffering
with the r,ckets earnings and bad prospects
Tho Twenty third street party have become interested
In the case but the patient grows better under their
peculiar treatment, which usually takes the form OF
purgcs and depletion.
Michigan Central and the coal stocks have followed
the ups downs OF tho leading favorites in great
measure with no viii oftheir own, and with partc-
uar attention from operators.
The gold has gone to sleep again after its rude
wakening by swars alarms, and from all appearances
has q chance to slumbcr for some time to como. So
too the bond roo where business might be expressed
by yawn and transactions noted on thumb nail by
the capitalists who seek call loans instead OF invest
ments and have lent their surplus funds during tho
week at rates ranging from u to per cent.
To sum up, the market OF the last six days has been
marked BY moderate fluctuations, 4 generally firm
tone and a decided inclination 10 spring back like
bent twig whenever tho pressure Of depressing inhu
enccs was removed 1t would require forty prophet
power 10 foretcl what future six days stock mar
ket will probably produce, and any horoscope drawn
for the coming week Is likely 10 be wrong right
TRANSACTIONS rHE wgxK
The following tabc represents the opening highest
and lowest sales OF the principal stocks regular way.
during tho past week, together with the number Of
shares dealt in