The New York herald., 1877-03-05
Rsnsw Of The Events Of the Week An
Excited Stock Speculation.
THE GOLD AND MONEY MARKETS.
The Course Of Government and Railway
Bonds-l Honey Easy and Abundant.
MINING INTELLIGENCE.
WALL STREET.

SUNDAY. March l. 1911 :.
The seething caldrou Of the stock market did not
lack Ingredients during the week 10 make the cruel OF
speculation sthck and slab and the wonder is that
greater results produced Most Of these elc
ments Of such perilous stun and SO directly In
jurious to values that serious break In prices would
have created no surprise On the othor hand, Of
them possessed neuraxing properties which went far
the equilibrium, at least to prevent disas
ter and thanks these opposing forces the week was
brought TO close much OF point Of prices
than II had commenced The effect however, was
plainly to be In augmented transactions and lively
fluctuations, the good news and the bad news alter
mating rapidly creating much sputer and az after the
manner of Seldltx powders when combining and like
them tending to keep up the tone Of the market and
purge away all fear OF panic First and foremost IN the
week came attack upon Central and Hudson, which
attributed las pretty much every k-jobbinG
event ley TO jay Gould, and had for its excuse tho
threatened attempt to brcak Mr. vaudcrbit's will.
very distressing picture drawn OF a recover for
tho property with rural surroundings OF tho ducks aud
brakes that would be Matched during his administra
tion and the consequent shrinkage Of dividends and
In market value OF shares. Enough OF tins bo-
eved break the stock down from 05 to OH though
not enough TO help Mr.. Gou d very materially nor TO
prevent the price rayng to "a in Anal dealings After
this came the influence upon Western Union OF the
change in the Atlantic and Pacific direction ana tho
bold bid by the latter company for public support
through the medium or extensive cutting OF rates
Next the Granger decision, which virtually
recognizes the right Of State Legislatures
to control the OF freight and passen-
ger tolls of all railroads within their borders,
thus placing them in the category street cars
cabs and erryboats. other vehicles for public ac
commodation, and rendering them subjcct-very
properly, 1t would secm-to answer for possible In
justice or extortion. The coal sales Wednesday
turned out surprisingly favorable and Immediately
the market value OF tho anthracite fancies
although pea and tumble influence, In producing
better prices for the product more than suspected
On Saturday came the assuring news Of the political
settlement and at tho time the less savory intel
lgence that Gould had got his financially uncean
fingers in the Rock Island and Northwestern direc
toral pies On this the stock OF both roads declined
bona ide directors Fastening to pull out the pums
while they and before the arch operator had op
portunity reduce the properties to empty crust
as ne did In the Of Erie. With all these various
elements work series Of rapidly occurring changes
was the natural consequence The lowest prices werc
made about the middle Of the week, from which q
sharp recovery cnsued. followed by weaker quotations
at the end. The gamble at present is hap-hazard
natter being controlled by few operators who seem
10 have the power slip card deal split at WILL
TRANSACTIONS OF THE WEEK.
The following represents the opening, highest and
lowest Sales regular way OF the principal stocks during
the past week, together with the pumber Of shares
dealt in:-