The New York herald., 1876-08-14
FINANCIAL AND COMMERCIAL.
The General SituatiOn-Review Of the
Week-The Movement Of Stocks.
THE MONEY AND GOLD MARKETS.
Government and Railway BOndS-ChaneeS for
Investors Mining intelligence.
WALL STREET, |
SUNDAY, August Is, 1876.


Tho events In the stock during the past week
of . character calculated to elicit noteworthy
Interest except among few operntors--the vulgar
fraction as IL werc OF tho small numeral which
sents the body speculative. 1t Is difficult TO why
tho situation should be otherwise. Tho street has
dwindlod into nero Cheap John circus where the
performers toss tumble chiefly for benefit Of
each other and of spectators who composed OF dis
Rblcd acrobats in the same line.
The time has boen when such low prices
corded to-day would havo attracted millions of capital
And stocks have gone skyward. But there has been
period in the history of Wall many years
when, without
DIRECT INFLUENCE PANIC.
confidence renamed 80 long shaken and 1t was moro
iiilcut to impart impetus to trade Money is drug,
ending at per cent with thanks to the borrower.
Yet 1t no longer seeks investment In stocks obeys
me whims Of clqucs and poole The roslest OF railway
reports now 1nd few victims outside of those who
have already been seduced by false promises The
great inflated balloons which but little while ago
pointed admringly lio in ruins. The lerlti.
mato results OF corporate well of individual
extravaganza are observable ON every side.
The between the railroads attests the
bitterness and jealousy that taken the place of
the cooperative union which formerly existed, and
the prospects OF truce distant at the begin
ning. Tho grain harvest of the world promises DO
abundant TO leave ltto hopo that OF America
will ilnu outlet for surplus crop anywhere
In England and indicates that order 10 successfully
compete with other producing countries We may bc
compelled further reduce tho price The currency
problem is undetermned and tho silver question yet
chaotic.
WONDER DIsrRusr PREVAILS;
that capitalists clutch their millions tighter thst
great enterprises held in loash awaiting the dove
opments Of the future. In OF tho mercantile de-
partments it is claimed that prices have touched bot
tom and that the autumn trade will show improve
ment The stock OF dry goods and woollens hand
reported light and the agures sufficiently low
attract buyers, exhaust the supply and give fresh
work to the factories But the iron and coal interests
ianguishing and until there regenesis of industry
that shall put new o into the idle thousands OF our
bread winners, stimulate emigrants to como and build
and populate our lands aud help consume that which
ovcr-produce, giving additional business railways
and there is little prospect that these great
trolling interests VIII soon, II ever, again attain the
vast Dimensions with which familiar.
These not pleasant facts contemplate but they
tell the story of tho difficulties with which people
have to grappe. America Is not alone in this
gcncy. England is suffering similar Distress tho
wiscst OF philosophers yet see way out of the
nuddle Neither Wall street, in Now York, Lom-
bard street. in LONDON, apply the remedy Spccu-
ation VIII this time follow and not lead the people,
Tor among the people must begin substantial improve
mcnI
THE MovTMEsT IN STOCKS
during tho week irregular, although at times
active During the middle and at the close OF business
prices generally firm, and the advance ranged
from 4 to 45s per cent The greatest Improvement
shown Rock Island Michigan Central, Western
Union, the granger shares, Pacific Mail, Ohio and Mis-
Iissppi New Jersey Central and Delaware and Lacka-
wanna Some OF this lost. however, and IN the
nnal dealings decided weakness manifested IN
Delaware and Hudson Canal and Morris and Essex
Other Investment shares were steady and in moderate
request.
THE TRANSACTIONS WEEK.
The following table represents the opening, highest
and lowest sales, regular way, during the past week,
together with the number Of shares dealt in--