The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-03-12
Review Of the Week. The Market Active,
FsVerish and Irregular.
THE GOLD AND MONEY MARKETS.
The Course Of Investment
Securities.
Government and Railroad Bonds Grow
ing Lower.
MINING ELLIGEN NOE
WALL STREET,


seafaring man, in the language OF his craft,
noting the log book OF the week his observations
Of the speculative weather. would be correct in do
crblng marked by s'fresh breczes and frequent
,aim." The frequent Gains have been the dull periods
snch characterized portions Of each days session.
lie fresh brcezes tho spasms OF activity which have
proceeded alienation from the bull and bear quar-.
er Of the compass. SO nearly equal has their effect
ocen upon the market. that prices have remained
acary in equilibrio, though the final result OF the
weeks record, as shown in a rather lower range of
figures, that the bear breeze has been tho
powerful of the two. Though nearly as intangible
The winds tho rumOrs and facts leose TO
iilect speculation have not been less productive OF
results, as witness tho daily change In quotations.
Dne OF tho features OF the week has been unusual
tir In tho ordinarily quiet, stad respectable Sc
;uriiy, New York Central and Hudson. There are so
lew chnks in It's armor that previous to tho Commo'
lores death it stood nearly impervious the attack
81 hostile BEARS but that fresh and stronger
Efforts are being made. II is sought to show that 'the
pv that men do lives after them' and that Mr.. Van
ierb by the testamentary disposition of his estate,
an instance in point, in that the validity Of his will
Is threatened, and, with IT, incurred the chance OF
receiver and q distribution OF the property. As do
pressing influence this suppos:ion acted well enough
or time, but It was Immediately succeeded by
The fact that the per cent quarterly dividend
vas to be paid usual, and by tho fiction
hat all opposition to tho terms Of tho
Ei had been withdrawn. sharp rally
succeeded matter of course, and in the end proved
nrong enough stand up against tho real fact that
mdeavors would be made to break the will after all
In the matter of Lake Shore the bears ultimately got
Me better OF the contest, the condemnation Of the
company by the coroners jury in the Ashtabula dsas
YER overcoming the good points suggested by tho
marking up 10 the extent Of 90 per cent OF Western
BOUND freghts and the renewed assurances the
part OF railroad that the existing tariff
bvcr the trunk roads would be adhered to. or the
prominent specuations of the week Western Union has
proved the chief puzzle. A free placing OF seller
70 options, which should have caused tho price to 90
down. attended by free purchases for cash. which
Ihoud have made it go up Between the two
Il remained passably steady, one force neutraliz.
ing the other, though disappointment has at
tended the cash buyers, who hoped TO have
treated strong vantage ground from which
deliver fusillade Of accumulated shares The posi-
of this hybrid bear party bettered by tho
ction of the Executive Com mitlee which shrked the
dividend question at Wednesdays meeting, though
giving half promise that it should be looked after to-
morrow Meantime it appears that attempt Is
being made stop dividend in toto by legal process
procedure which smacks strongly of stockjobbing
trick and estimated, II the scadness OF price be
Il fair way OF Judging A considerable nlp given
the coal stocks by the rsccvcrshp lizzie In tho
OF Delaware and Hudson and further strength
added by reports OF renewal OF the combination
This latter story soon fell TO pieces like house OF
cards, and tho destruction made the dsas-
trous by the intelligence that tho Reading road would
Immediately start all its mines into liic
and that contracts had been made with
the Wkesbnrro Company to create a greater produce
tion than The natural effect OF this menace
add still further the unstable stock hand
dcprcss prices and wind up the market at rates
gardcd as extremely unavorablo from bull point Of
view. The settlement of the Presidential question and
the succeeding hitch tho Cabinet appointments
were events which blew hot and cold upon the specu-
atvc situation, but felt to greater degree in the
gold than IL the stock market The solution Of the
Cabinet difficulty had DO appreciablc effect however,
and the market IL likely drift along usual more
sensitive 10 the Vaccinations of stock gamblers than
to the political phases Of the country.
THE TRANSACTIONS THE WEEK.
Tho following represents tho opening, highest and
lowest saes regular way, ofthe principal stocks during
the past week. together with the pumbor OF shares
dealt in:- - -,