The New York herald., 1876-11-27
The Events Of the Week-MOyement
of Stocks and Money.
THE DECLINE IN GOLD.
Government and Railway BOnds-FOreign
C0mmtrce-Thc Balance Of Trade
in Our Favor
WALL STREET.

1rhcy tool mo 70 the top Of my bent." sxclaius
Hamlet after having put Polouous through course Of
natural history and making him mix weasei and whale
In ido,.c iumbe SO cries the stock jobber,
vciously adyoriiug to the railroad mnnagcrs who
have footed MIN With fair promises OF peace aud jag
ged him oat Of his dollars by foul persistence until
speculation has become burden and She iuinrc
a fog. Nevertheless, upon this very uncertainty.
this hcsi,ancy between peace and war. has
turned whatever there oil stock business
during the week. l, early began to DO rumored
that, although Mr.. Jessup had used his authority
call together the railway contestants in formal con-
gress had yet sort oi assimilation be-
the iarring elements in quiet way, which was
likely to lead u harmonious unanimiiy Ia the end.
dinner pill mad been administered somehow TO the sur
fcrcrs ndigcstblc d.scord and tho functions OF
the railway corporation were TO so on Tor the future
free from spasms OF competition. Believers In
radical bought Stocks disbecvcrs, who thought
the rnaady might be patched up, but not Grad
icated sold them prudcntly and sparseiy So, tho
prepondcrauce o., faith being the side OF thc bulls
and the disposition back up also, there resulted
a strong market and . general improvement in all
railroad prices. Lake Shore, tho Northwcsterns aud
Michigan Central were head and front in tho move
mcnt the first because OF assistance from its old
friends. with side push from Twenty-thrd street;
the second from the circumstances that some favorabls
figures had been squeezed out or u, and the third
from NO particular except that il had been
smuggled into good company and was deriving tho
benel. OF respectable companonship.
Meantime the coal stocks were getting more and moro
under cloud beneath the application Of tho second
rule arithmetic 10 existing quotations as well as to
tho prices obtained tho public sales Of their pro.
duct With good reason, too, Tor the result OF the
auction sales showed average decline OF from forty
70 ity cents per tho rates obtained In October,
while il established. in addition, we'll grounded be-
lief that dividends Of less likely occurrence than
financial embarrassmcnts. Under this pressure prices
gave way from four 10 five per cent some long stock
finding its way market whilo the short interest
vastly Increased.
Al the middle Of the week thero was complete re.
vcrsal or tho speculation, railway shares slipping of
TO lower figures, while the coal stocks were climbing
toward bot,er Once again tho railroad peace
declared to DO myth, and operators the long side
found that they were sold IL their stocks were not
producing situation directly the Of their in
Tension, while the short sellers OF the anthracite
fsncics found themselves in an equally bad
plight when they prices rise under
the scarcity Of cash stock and tho turn
of the screw in tho hands OF tho shrcwd
operators who appreciated the opportunity. With
this prices passed the first four days in tho
week. leaving the last drag At steady quota
tons aud without feature, although renewed promises
of cessation in railroad hossilities were made with
possibility OF truth than ever.
Bcy onc resting like nightmare upon the market
the political situation both NJ homo and abroad has
had little effect II has stopped tho wheels Of
trade il has thrown the machine out Of gear
and low people believe that complications Will ARISE OF
a sufficiently serious nature TO produce that result.
THE TRANSACTIONS THH WEEK.
The following tablc shows the opening. highest
aud lowest sacs regular way. Of the principal stocks
during tho past week, together with the number OF
shares dealt in