The New York herald., 1877-12-10
FINANCIAL and COMMERCIAL.
Review Of the Week-A Fairly Active
Market In Wall Street.
THE GOLD AND MONEY MARKETS.
investment Securities States
and Railroad Bonds.
WALL STREET, I
n n tAsR

In general way the events OF the past week tended
to depress prices Even gold fell on u fraction under
the positive declaration OF the President to his
position on the Silver and Resumption bills decline
In the "precious" however, IL scarcely regarded
unmitgated evil In this hard money quarter. what
may be thought OF a decline In stocks Unior-
tunately tally OF the Senate presages passage OF
the bill and forebodng OF this result restored the
price of gold to 1921, which was the figure the de-
cline had started from In railway shares the tendency
porsistentIy downward and continued to bo down.
ward until the speculation curtain fell tho
weeks business In theatrical parlance this
same ssbusiness" was bad enough, being done to
empty benches SO far as not returns 10 commission
brokers went. Nevertheless the attractions offered
considerable, Tor thoy consisted oil tragedy as
presented by decline IN the prominent railroa DIS,
and OF screaming farce" in the rise Of the coal
carriers. At the beginning of tho week tho market
opened already pretty we'll demoralized by free sales
OF Lake Shore, and was in the condition. so to speak,
an individual who sufficiently out Of Sorts phys.
ically to cach anything that g going" The malady
thai happened 10 be "going" at the time turned out
to be closely connected with the financial health OF
tho National Trust Company, which by tho market
price OF its stock known to be impaired, aud
which by popular scandal represented be
than It really The disease calchins,
however, and the bulls in Lake Snoro and
Michigan Central "caught" It badly, as the
decline of to per cent sufficiently
proved. Further causes Tor depression sprung from
the belief that such large holders Of Lake Shore
Mr.. Vanderbilt, Mr.. Keene and Mr. Sage had been
extensive sellers Recalling to mind, rather than
expressing openly-which would have been impo-
ltethe trite comparison OF the rata and the sinking
ship the smaller brokers left also, firmly convinced
that there q dangerous ''lcak'' in the coming
dividend. This is the impression which still prevails,
the most sangune bulls being willing to compromise
for Two per cont, and vclous bears declaring there
viii be NO dividend at all II Is conceded that the
November business has been bad over the Western
roads and in particular Lake Shore AMI ichgau
Central as due to the exceptional bad weather and
tho heavy country roads, which have Kept grain
back market The granger properties were less af
iected their shares being IN the hands Of strong parties
who prophesy q good time coming. Western Union
remained steady and afforded another case of "wait-
ing Tor the dividend" This is confidently expected
tomorrow, but holders have not iet sure enough OF
TO hollow until they out OF the woods, and have
consequently kept quiet Like English politics TO
the view OF Count Smoritork the coal carriers have
ssurprised in themselves by working their way up
ward against the general decline. New threats OF
consolidation, like the cry of wof' in the table, are
again vcxng the souls Of the bears aud forcing them
to cover their short contracts II Is stated that
meeting OF the prom companies s TO be held upon
Thursday to devise, If possible some plan 10
rescue their business from the present d.
Iemma The III luck attending previous at
tempts in this direction is not very
promising as to better results upon this OCCASION.
At the very start there was somewhat steadicr
feeling in the share market, but ssle DISPOSE
ton 10 buy for the long account
TRANSACTIONS THE WEEK.
The following table represents the opening, highest
and loves. saes regular way, OF the principal stocks
during the past week, together with the number
nj shares dealt -