The New York herald., 1876-10-02
FINANCIAL and COMMERCIAL.
The General Situation-Wall Street
Within and Without.
EVENTS OF THE WEEK.
Review of The Several Markets-Gold
Money and Foreign Exchange
Government and Railway Bonds
rs OF THE WEEK.
WALL srKrEr, Sunday, Oct !, 1879.

WALL STREET, Sunday Oct ], 1875
The results OF speculation during the past week werc
not important regards their influence on the iuturc
Of the market Trading was active, aud stocks were
alternately weak ana strong but business was go gen.
orally confined local operators, and the exhibition OF
artinciaIty bold, that even II man had money
his sound judgment dictated the propriev OF Keeping
hands on tho gaming table until the people who have
stocked the cards show something OF tho purpose
OF their play. Tho most important events wero hrst
Ihe public letter OF Mr. wilsm H. Vanderbilt, setting
forth in general terms condition Of the New York
Central road and second the informal meeting OF sew
era the railway magnaes for the purpose OF discuss
ing the possibility OF ending the railway war; While II
the opinion OF those gentlemen that all
the commercial and material interests OF tho country
suffering from the unsettled state OF
afairs between the railways, and that the causes
ought be removed at the earliest practicable day
action, unfortunately, could be taken without
the cooperation of the New York Central Company and
iss representatives were not present The application
Of certain parties in the New Jersey for the ap
pontment OF receiver OF tho New Jersey Central
Railroad Company exerted temporary influence on
the stock the denial Of the by tho Chancellor
produced reaction, and there existed at the close
more confident feeling as tho consequence
The passing OF tho dividend by the Delaware and
Lackawanna Company and the sharp decline OF Read
Ing in Philadephia were also important elements OF
The financial situation and added not little 10 tho
ieverishness which attended dealings. Delaware,
Lackawanna and Western declined from 76Ja to 665s
New Jersey Central from 274 TO "a and Delaware and
Hudson Canal from 67ss to 62h. The granger shares
declined sharply early in the week, reports having
been Of short crops in portions Of the
Northwest The 81 sPaul stocks declined from 30s TO
% for the common and from 62 to 5s, for the pre-
ferred Northwest common fell OIL IRON S6ts to 3l5s
and the preferred from els TO 57A. Toward
the close much steadier tone prevailed
In these shares, and recovery OF to 3h per cent
took place. New York Central broke from 9S1S 10 SO.
and Harlem from 1887 to 1917, but both stocks re-
covered utter the publication oil Mr.. VanderDts card
In the remainder OF the list Lake Shore and Michigan
Central most prominent, the former rising to
SAX tho latter TO 421l with considerable activity
ip the dealings In the nal sales there was re-
action Of x per cent Regarding the future Of the
stock market each man must form his own opinion
Outside Of Wall all hopeful and buoyant The
press OF the country teens with testimony OF the
provements in trade, OF large purchases, numerous
discounts, brisk business and fair collections Within
Wall street all is cloudy, uncertain and blue Tho
bears arc, for the moment in the ascendant. The
Hght therefore, is between u knot OF busy, scnemng
Bpeculators who scruple no device cause ruin.
and the vast commercial powers OF the country that
have begun icol the stimulating influences Of genu-
Inc revival. Which OF these form idabe contestants
will conquer is scarcely subject Tor prediction
History is no uncertain teacher.
TRANSACTIONS OF THE WEEK.
The following table shows the opening. highest
and lowest saes regular way, OF the principal stocks
during tine past week, together with the number Of
shares dealt IN