The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-10
FINANCIAL and COMMERCIAL.
The Events Of the Week-Reyiew Of The Stock,
Gold and Money Markets.
THE BUSINESS OUTLOOK.
Railway and Government Bonds-0ur Foreign
Commerce-American Loans in
Europe-Railroad News.
WALL STREET.

SUNDAY. April O. 1875.
Tho business OF the past week offers less scope for
comment than does any single one for long time
past The key note was q dull melancholy monotone,
and its daily only added 10 the existing de-
preston OF feeling There was checrfulness such
as excited by the changes rung a chime Of bells,
but rather the gloom provoked by the tocsin. The
market has been left almost wholly to sef-that Is,
to such trade could be created among small brokers
who daily frequent the pureus Of the Exchange and
the scant sprnklng OF smaller jobbers who hang on
their skirts The usual leaders or the opposing
forces, Tor best known to themselves
have kept studously free from any i'm
porant demonstration, and apart from the
apparently concerted bull movement on single occa-
sion (which short sharp the market has
been free sensation. Lacking any external aid
which II was hoped the public would have Afforded, and
which, according to all tradition, they should have
offered In this spring tide, and wanting the arthcal
stimulus from tho great professional operator, the
market dragged and houndered along on its way TO
lower prices under the sheer incubus Of inactivity
Beside this additional weight was added from y
generally bcarish feeling which has grown out Of the
condition Of stocks themselves For instance, there was
mingling OF surprise and disappointment in the I'M
favorable showing Of the Central Railroad Of New Jer
sey tho falling Off Of receipts other important
lines and IN the squabbes ANA threatened litigation OF
OF this latter stock helpcdt demoraize the market
1t succeeded in demorazng its supporters II sales
OF long stock purchased prices IS cent higher
thereaDout DO any criterion.
What is to be the fate OF this important property,
which for many the pride OF the country,
is scarcely clear yet though all appearances indicate
the appointment of receiver clean drift into
bankruptcy Added TO the depressing condition above
mentioned were the passing OF the Panama dividend.
the doubtful stories about the Lake Shore earnings and
the possible effect upon Western Union OF contin
teiegraphic war.
In word there was scarcely bright spot on the
whole horizon and the wonder rather that matters
did result in a serious break than in o moderate
fall The truth IS there buyers OF stocks
than there buyers In the general commercial
kets OF the word. There Is no more money to risk in
the purchase oil speculative ;ancies than there is TO
spend for gcwgaws other commodities that people
can do without The stock brokers have been playing
game of battledoor and shuttlecock month in and
month out until At last, weared out they let the toy
or and feathers fall to the ground The Is no
profit made in this OF pastimeit Is even worse,
for tho game has be paid for and the butcher and
baker COLLECT the money.
II much easier to describe the situation than to
point the way out OF 1t. There those who still
prophesy buoyant active market during the comm
months there others that nothing in future
but dull drag OF sasnation. As is usually tho
with the truth probably lies between the .wo
While u will be generally conceded that the financial
condition OF the country Is healthier to-day than It has
been Tor years past and that the foundation for
edncc OF prosperity is being soidly laid It probably
certain that opportunities Tor 'makng haste TO get
rlcln are past gone for this generation least
THE sALhs PRICES WEEK.
Tho following table represents the opening, highest
and saies regular why, Of the principal stocks
during the past week, together with the number OF
shares dealt in:-