The New York herald., 1877-10-15
FINANCIAL AND COMMERCIAL.
Review Of the Week-The Stock Market Ac-
tive and Without Much Change.
THE GOLD AND MONEY MARKETS.
Investment Securities Government, State
and Railroad Bonds.
WALL STREET,

SUNDAY Oct IA, 1877.
The week Just passed characterized by the fresh
Efforts put forth by bull party to rescue the mar
ket from the In which has been mired tor some
time back and to send upon the upward turn again.
With all the digging and delvng the part OF the
great specuators tho crop Of stocks thereby accu-
mulated has not met with ready market and some
step necessary disspate the prevailing apathy
Accordingly on Monday there was general flourish
OF trumpets the opening with the Vanderbilt roads
smploye leading instruments. Before the close Of
business however, the market grew out of breath, and
the fanfare Of the morning, which had heralded the
way to higher prices, subsided into the shr
OF tho merest penny whistle. In other words prices
failed hold and fell of at the end to tho lowest point
of the day. Mondays experiment having resulted
the reverse OF satisfactory, Tuesday the attempt
was madc to galvanze the market by applying the
battery TO Michigan Central and Western Union; TO
the first because It was thought that Mr.. Sage had
got into a snarl with his privileges aud was largely
short of tho stock and to the second because there
faint ch ,nce that the Western Union directors
at their meeting might do something toward rev-
sion OF their reserved shares.
II was moreover believed that Mr. Gould's aspira-
sions seat in the direction uf he ever entertained
such an idea) would prove falacous, and this also
added to the strength OF the stock. II aftsrward
turned out that the subject of stock dividend was
not mentioned at the meeting, and that Mr..
Gould had followed like q lamb in the tracks of the
other directors and voted his proxies for the
regular ticket The result was nevertheless
unfortunate one for such had pinned
their hopes upon 90 a convenient point to sell out
a for the price fell back from 81 to S1 and left tho
big figures further on than ever Things did not
more smoothly in other directions than they did in
Western Union.
The Pennsylvana Coal Company, which has hith-
erto been follower rather than leader in framing
circular prices coal and wealthy enough to be in
dependent of everybody rather astonshed the trade
well the stock market by advertising schedule
OF rates less by ny cents per ton than those lately
adopted by the Lehigh Wilkesbarre Company.
slougbing or of the high figures which have been
hanging about the coal shares like loose and
terfet skin followed matter OF course, and prices
tended downward and remained fcverish for the rest
OF the week. In railway matters rumor blew both hot
cold, with tho breath OF favorable reports
predominating. A slight hitch occasoncd by some
recalctraton on part OF the Grand Trunk Of Can
ada threatened to jeopardize for o moment the new
freight compact, but tho difficulty has been arranged
and tho higher rates have gone into effect
One OF tho characteristics Of the weeks speculation
lay In a fresh squirt OF some of the smaller fances.
Erie was chief among those, with transactions
ming up to large dimensions. Tho movement is stated
be based upon the difference between the homo and
LONDON price6, WHICH mas oHerou sklnniut turn
through selling the former and buying the atter
market
A decision In the courts in regard to tho relative
standing of the Quicksilver preferred shares, which
rather trckcd the street, and some apparently sum-
mary proceedings ut the Ohio and Mississippi election
for directors which Now York stockholders say have
tr,cked them will sum up the salient events OF the
week. Money call vibrated between and per
cent but without stringency, thus far the antici
pated pinch shows threatening 'front.'
TRANSACTIONS OF THE WEEK.
The following table represents the opening, highest
and lowest sales, regular way, OF the principal stocks
during the past week, together with the number OF
shares dealt In