The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-11-12
Review of the Week-Stock Specula-
ton Dull and Irregular.
TIE GOLD and MONEY MARKETS
The Course Of Investment
Securities.
WALL STREET.


Likening the daily transactions upon tho Stock Ex-
change to carlton Of bells, II would be difficult to ind
an operator cunning enough 10 ring any changes out
OF the pervaaing dulness of last week The tone OF
the market has resembled that of passing bell
rather than CHEEKY notes Of cripple bob MAJOR,
and tho cadence has marked the time OF speculation
tangled and out Of tune" 1t goes without saying
that this was very cheerful to keep step To-
particularly when the march Of prices down hill,
as It undoubtedly was. Consequently matters
Change turned TO be pretty dismal. only be-
cause they innatey spritless. but because
they were left entirely to the manipulation OF
small trauers who find nothing .jolly"
In stock jobbing when the leaders stand
aloot The decline in figures pretty
generally distributed through tho whole list but
most pronounced In Erie, Illinois Central, Chicago
Alton. Michigan Central, Lake Shore and the coal
stocks. Primarily, the existing dulness (Which
always handcaps market with weller weghts), and,
secondary, the passage by the House Of Representa-
tives OF Silver bill, the chief oil de-
preston Further pressure cxerted in this direc
tion by sharp decline OF nearly four points In Erie,
as the result the granting of decree OF foreclosure
by the Supreme Court by certain unfavorable
rumors attaching 10 the status Of such stocks as
Michigan Central. Illinois Central aud Chicago and
Alton II did not appear that there any founda-
ton these reports beyond desire upon the part
of bears to forco down fgures but they had their
influence nevertheless, the record shows Business
in tho coal stocks continued yielding prices
The moderate weather has checked the demand Tor
the product, ana tho hostile front of the Reading
Company, which seems determined to market It's coal
less price than the other companies, codtc que coe
has shaken faith in the present value OF shares As
usual Lake Shore absorbed the bulk of speculation,
declining from 69 TO 81, but pulling up about por
cent At the OF the week In spite OF this there
are strong believers IN the future Of stock and
wager freely offered, that the next dividend will not
be less than por cent mect with few takers Western
Union lost about two points IN the weeks work. In
the partition OF expenses between and the Attain
tic and Pacific Company. the latter Is considered to
have obtained the larger slice Of beneht-sucently
So 1t is said the probability before long Of
a small dividend upon the stock. The gold market
advanced to 10s on the passage OF Mr.. BANDS
bill, but subsequently reacted to old figures
ON the belief that even should It pass
the Senate It would be consigned to the limbo of dead
destructives by Presidential veto. Government
bonds followed the course OF gold, and for the
reasons though the decline Of these securities Of 10
TO J. per cent In the London markets strong
timat,on that our British cousins entertained very
little family respect Tor the parental dollar Money on
call ranged from to per cent. The momentary
strn sncy of the previous week passed away with the
release OF the large sums paid out for interest and
dividends, and the apprenended tight squeeze has
probably departed tor good and all During the last
oay or two OF the week values in the share market
were shade better, but the situation otherwise re-
manned unchanged.
TRANSACTIONS THE WEEK
The following Table represents the opening, highest
and lowest sales regular way, OF the principal
during the past week, together with the number
OF shares dealt in