The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-07
FINANCIAL and COMMERCIAL.
leview Of the Stock Market-Deprtssion,
Followed by Recovery.
THE GOLD FLUCTUATIONS
The Prevailing Ease Of Money-Bonds and In
vestment Shares-Mining Intelligence
WALL STRRKr,
A,uuas 4 1874


Tho commercial news OF the week has been
levoid OF interest influence Some Improvement Is
reported in general trade especially the department
d dry goods and increased activity, although not in
all instances attended by higher prices is noted in
various other marketa TO what extent Wall street
speculation has been affected by the brighter outlook
10 difcut to say but 1t is unquestonably true that
considerable number Of sbrewd observers OF the signs
Of the mos are beginning TO give practical expression
10 their faith in distant future, and stem
perng the wind to tho shorn lamb" The bank state
ment also reflects some Of the symptoms OF TRADE re-
vival and It is within fairly estimated probabilities
that the autumn will witness important and encour-
aging changes
TIM
The tone Of stock speculation has been variable.
During early part Of the week depression prevailed
md under the leadership OF the coal securities prices
declinei from y TO ~ per cent The threatened do
Mise Of Commodore Vanderbilt and the reported roduc
ton Of railway earnings served to aid the downward
movement until the close, whom the large short
interest that had been made invited attack, which
speedily resulted in recovery TO higher figures and
confident feeling The following some Of the
more important changes:-
Delaware and Lackawanna declined from OK to
e2s< and closed at s43S New Jersey Central sold at
s3x = 644 COX and ended at61x. ILLINOIS Central
was moro than usually active declined from 81 4
10 66, rallying the close, however, TO IS.
Northwest reccded from S9A to 3s, but stlfened
S94 in late sales. The preferred stock
declined from 6SH to cox. with re-
covery to 62I. Michigan Central, owing to the
report of diminished earnings fell from 43h to SsA
but closed at 4OH ST. Paus were also largely dealt in
at 3oh 37t 35x S6zs for the common, and at e74
a6S% a 86h 6Sh for the preferred stock. Western
Union sold down from 7O1S to COS, and rallied 10 7Ol
70z. Rock Island likewise iot the effect Of heavy
pressure and fell from 10SH to l04< but at the end
quoted at 1861. New York Central declined from
1861 104a, and reacted to LOG. Pacific MAIL Erie
Hannibal and st. Joseph and Ohio and Mississippi
moved in sympathy with tho rest of the market, but
unattended with tho wide fluctuations that de-
crbed above or the latter stock II is said that par
lies representing tho Baltimore and Ohio Railroad have
been quietly purchasing the shares at the recent de-
cline II this be true 1t, in measure, corroborates
reports recently circulation that the Baltimore and
Ohio Railroad endcavorng 10 obtain more per-
feet control Of tho Ohio and Mississippi Express
stocks and Investment shares generally steady,
except such have been mentioned.
TIKI TRANSACTIONS WEEK.
Tho following table represents the opening highest
snd lowest Sales regular way of the principal stocks
during the past week, together with the number Of
shares doalt n:-