The New York herald., 1876-09-11
A Week Of FsyeriSh Activity Frightening
Toward The CIOSe-IndicatiOn Of
Brisk Times Ahead
THE GOLD AND MONEY MARKETS.
Government and Railway Bonds = Imports
and Exports.
WALL STREET,
SUNDAY, sept. 10, 1876.


The past week wassono OF considerable activity aud
little irrcguiarity in tho stock market The bears
interested in the manipulation OF the coal stocks re-
sorted again to the time but generally CT
fectlve plan OF circulating false ru-nors Before
contradiction Issued mischief was done IN many cases
While these tactics were progress there was 10
little excitement; but the recovery followed quickly
upon the assault. tho tendency toward better
prices week advanced. bis advance is OH
every hand attributed to generally improved cond
OF business Wall street, spite of ciquss, is
toleraDly Indicator of the confidence inspired
by renewed activity III trade circles The reports OF
TINS activity continue quite favorable Certain lines Of
dry goods have advanced price in OF tho
large demand for them. Tho trade IN cotton goods
too has increased notably. In foreign dry goods silk
fabrics continue to advance, While other goods com
mand steady prices In commercial circles thcrc has
been considerable activity IN some quarters Flour has
been activc, partly Tor export while wheat has i'm
proved somewhat on moderate business. Cotton has
declined spot and Petroleum. tobacco
and coffee have been advancing prices These
OF AN ACTIVE FALL TRADE
considered OF tho greater Importance coming on
the eve OF a Presidential election. with which the idea
OF duness IS very generally associated During the
week money abundant supply and was freely
offered per cent. the supply being frequently far
in excess Of the demand he Vere mostly l u
per cent Prime commercial paper has been IL good
supply At the opening gold was weak, declining at
time TO 109i4 but the demand Tor 1t grew active as
the week advanced and the price went up 10 ll09s To
the repor ed SUCCESS Of the new our and hal. per
cent loan the calling Of bonds the early decline
was attributed, and doubt the TACT tuat the actual
figures OF tho loan not given by the Syndicate
promised toward tho end of the week. gave rise 10
uncertainty about tho actual status of the loan,
advance had the effect OF making government bonds
firm The volume OF transactions in these securities
was large and the changes were unimporlaut.
In railroad bonds the market bcen very irregular
but with general improy toward the close OF
the week. Foreign exchange has continued weak and
lower The bank statement shows decrease in tho
surplus reserve 1924, 52t leaving tho total
at present only S22 $40 o25 above legal requirements
There is an increase loans OF S26O7 600, probably
result of The increased activity in trade The specie
average is up 36200 IN consequence OF the pay
ments gold by the Treasury account oi the Sep
tembcr interest The legal tenders have decreased
S251, 600-a very slight change Tho deposit line has
risen So 476 500 the circulation has fallen s237 600
The cnango circulation is larger than for time
past
STOCK SPECULATION.
Early In the week the general market suffered de-
cline Of TO per cent, beng somewhat influenced by
the coal stocks, then the subject oil hourly bear at
tacks which sent them down from 10 9h per cent
Later on there a general advance from to IA
per cent Jersey Central which had led in the de-
cline rallied over per the statement trat
gotiations pending tor the making OF n new
mortgage OF $5,O00,0 900. Delaware and Lackawanna,
which opened at 81 q, advanced to S35s, declined to
Tx and closed 7Ss, per cent below tie opening
price. Michigan Central gained "a per cent Eric
advanced q, ST. Paul common advanced l y, aud the
preferred ~ and Western Union closed x better The
Exprcss stocks were traction lower.
THE WEEKS TRANSACTIONS
The following table represents the opening. highest
and lowest sales regular way, OF the principal stocks
during the past week, together with the number Of
shares dealt in