The New York herald., 1877-03-19
Review Of The Events Of the Wssk---A
Further Decline in Prices.
THE GOLD AND MONEY MARKETS.
The Course of Investment SeCurtiS Money
Abundant and Easy.
MINING INTELLIG E NOE
WALL STREET,

SUNDAY, March lS 1871
During tho past week quotations have been slowly
but surely slipping downward, until the lowest points
were reached with the close of business on Saturday.
A species OF financial seems to have seized
upon the market, which is gradually eating tho life
of It. Wcro It possible diagnose any active
ditions Of disease remedy might be applied, but ex
citing causes absent or cannot bo detected, while,
on the contrary, the symptoms as developed by the
state Of general trado all favorable TO improve
mcnt Nevertheless n condition OF depression pre-
vailed during the entiro week, and owing,
at least in part. 10 tho continued weakness OF tho
coal stocks, which sagged OF under fear of lower
prices likely bc paid the competitive coal sales
and from the constant dripping OF long Stock
which s gradually wearing away market values
10 this are to DO added the present
doubt us to the faith OF the trunk lines In adhering
their tariff rates, and the mportant circumstance
OF scare among holders OF Investment stock. This
latter is The serious Of ALL and is to be deprecated
not only because 1t is IN great measure unwarranted
but because like "littc lcaven'' IT has lcavcned
tho whole mass marketable securities with the fer
mcntaton of Suspicion and distrust The effect OF this
alarm was most noticeable in Burlington and Quincy,
Chicago and Alton and Rock Island, the decline these
stocks ranging from TO three points at timc
with only shade Of recovery at the end. Matters
were aggravated also by news from London, which re-
classes OF American railroad shares and the story
quickly taken up here and improved upon with the
xest and dexterity which TO attach TO bears
a blrthrght Although the despondcncy held chiefly
10 the railroads enough OF 1t and TO spare
innoculate Western Union Telegraph beng the
only stock upon the miscellaneous list sufficiently
alive TO take the Infection drop OF 21s per cent
snsued a consequence and thus offered better div
ldcnd bears who had been selling IL short than 10
bulls who had been assiduously transferring shares
into their for the purpose OF drawing their
division of earnings So the - per cent dividend,
which had kept tho street in ierment, was produc
tive OF only small beer aftcr all, and was not even
potent enough to keep the prcc up fair 'head"
upon It, In contrast with the decline in the old tol-
egraph company the street treated TO a smart ad-
vance in the new. Probably with eye to help float
the new stock to be issued by Atlantic and Pacific
Company, the prico gerrymandered from 201s TO
25 under limited transactions, from which it foil back
10 24k at the close. The movement artificial
and was so universally attributed TO San Francisco
tactics that little interest was manifested in 1t.
With the exception of the above stock tho whole list
closed at tho worst prices Of the wcek and with little
promise for the to come.
THE TRANSACTIONS THE WEEK.
The following represents the opening, highest and
lowest sales regular way OF the principal stocks during
the past week, ts-o,her with the pumber of shares
dcalt In -