The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-11
Review of the Week-The Stock
Market Active.
investment Securities, Government, State
and Railroad Bonds.

WALL STREET. !

SUNDAY. June 10, 1871
The not worry energetic effort made some little time back
10 advance tho Market and which had for It's support
the rump Of the bull party and the apostate DOW wn.
dow BEARS given up hopeless job early In The
week. There was really moro backbone TO Il than
there 10 to an oyster and those who ostered the move.
found themselves with vertebrateless skeleton
their hands, form Of line OF long stocks ana
an unsympathetic market The chief motive power
which relied upon 10 keep things moving ny u
the antic,paons OF general European war; but these
grew less prob able every day. while the auxiuaIy
force dervabs from good crop reports, was not strong
enough In itself 70 keep the wheels In motion Be-
yond all this tho mythical public. which, Ike latin,
'Ihe substance of things hoped for, the evidence
OF thiags not seep," was absent -
to ts legitimate business, perhaps. OF
amusing itself, but certainly not to be found u
the strse" In fact the set Of current was against
an advance in the market. The fortunes OF the coal
stocks were rolling downward in Q muddy stream, ana
those tho railroads not unaffected by troubled
waters The history Of the troubles into which these
properties have fallen is too well known TO require
elaborate mention here-too much supply and 100 hste
demand much carrying Of Goals to Newcastle ana
too many railroads for the business Offering. COM
petition may the life OF trade, but when there 10 TOO
much OF It il 10 death TO dividenda The concatenation
OF events thus shaping itself naturally toward faA
party with their pseudo allies, the recon-
s.ructed bears, quickly accepted the situation
and sold out their holdings, not without con.
siderable damage to horn and hide. This. AZ the
beginning OF the week, since which ttmc the markss
has remained weak and Irregular with lower prices -
the end. While the railroads we're only staggering
the coal stocks topped over completely losing or
DER cont OF their market values and touching the low
est points In their modern history. Nor does theim-
mediate future promise much consolation. Treaties
compacts and for lettering things seem to Do
oil no avail In face OF the need for money, which COM
pels coal to be sold at loss and the runous compc.
ton which Is threatening open war; western unions
standing like tub bottom, and mostly tree
from the Influences which affect the trunk and coal
roads, has had a moderate speculation on its own &C.
count the limits OF which were confined to single
point or two. Tho canards which lowered about 70
were of the old and nshy Sort and were broughs
down under the fire Of facts about a. soon ~
they appeared 1t was alleged that the coming divt
oend was be passed 1t was to be cut downs earn
ings falling OF greatly or they wore not falling
OF taking consideration that this Is tho worst quar-.
ter Of tho year, finally, that the opposition Of the At
lantic and Pacific Company was about used up. that
tho interests OF the would be barmonized
and old tariff rates restored. Unfortunately, the
injurious stories had the most believers, and the
latest figures the shares the lowest OF the
week. While the condition Of tho stock market was AZ
ragged ~ vanity fair, dealing In governments was
conducted under the most cheerful OF auspices The
AZ per cents being taken on the London market
with great avdity-so much in fac that the synd
cate were able 10 advance the price from 10lk TO
l02,x. Information from Washington s to the efecs
that members of the syndicato-who visited
that city for conference with the Secrc-
tary In relation 20 an extension OF theS
contract from the 3oth Of June-have agreed
mot only TO take the remaining $26, 000.00e
AZ Der cents but to subscribe TO 5000 900 Of the
per cont loan At par In gold Tho contract permiu
these bonds be offered for the period OF thirty days
TO subscribers this country ater which the above
amount will delivered to the syndicate to dispose Of
az they may IT. As the prosperity Of the country
In its private relations to business il vastly dspsndsnt
upon the credit OF It's the above fact 10 10
DO regarded assign not only encouraging in itself
but pregnant with good results for the future.
TRANSACTIONS OF WEEK.
The following table represents the opening, highen
and lowest Sales regular way Of the principal stocks
during the past week, together with the number Of
shares dealt I'M