The New York herald., 1878-03-25
FINANCIAL and COMMERCIAL.
Review of the Week-Active and Strong
Speculation in Stocks
THE GOLD AND MONEY MARKETS.
The Course Of Investment Securities Govern
ment, Stale and Railroad Bonds
WALL STREET,
SUNDAY. March "a. 1878.


After frequent demonstrations OF strength and
many rsouls The market closed up the end of the
week with considerable net gain upon opening
prices. This essentially truc oil the coal stocks
Inc granger properties ana Michigan Central, the ad
vance obtained ranging from u TO per cent. The
isggard OF the lot proved to be Lake Shore, which
submitted to hocus-pocus process that nobody
understood ana nobody understands to this day
Tho testimony Afforded, however, by the magnitude
OF and the snarp decline IN price, maize
II evident that the rise 654 had tapped reservoir
OF long stock. ana opened sluiceway ior many
thousands shares Nearly every one of the proml-
mont operators from the Pacific to the Avenue, and
from Exchange court TO William street, was charged
the leakage and suspicion even attached to Party
who like Cesars wife, Is above suspicion In matters
OF speculation, have his ipse dSt TO prove. The
immediate result q rapid aeclne OF nearly three
per cent. enough OF which. however, was recovered
10 bring the opening and closing prices OF the week 10
The same figures. Although the fact OF raid on
Lake shore is patent the which prompted it
are not The bulls who lett the lurch probably
btigmatizo crime the reflective broker regards
Il something worse-a Dunder Tho street had
just set its mouth for Lake Shore paatable NOR
sci which could be swallowed with profitable results.
when II turned TO gall in their mouth.
The circumstances of past earnings ana future
prospects favorable 10 higher fgures. anu
The feeling prevailed that there were more
giains of truth in their statements than
usually to be found IN stockJobbing reports.
For tho moment, iaith in the stock is pretty woll
scotched, II not killed. while belief in the stability OF
the OF the list has been weakened by the apos
,acy oil tho tavorte. The strongest railroads upon
The list have been the grangsrs and Michigan Gen.
ral-the former, aner set back, closing with frac-
tional gain, and tho Inter accamulang three points
the weeks business The greatest advance was
secured by anthracite roads, those stocks closing
4 10 S points better than they mad opened An IN
crease rs upon the price OF COAL restriction
upon production. and. above ail general hurry
burly and hooplai got up by the bulls to terriy tho
bears, were tho causes Of the advance. The much
neglected Erie property succeeded for ono day get
ting It's water, In the shape OF cent
advance, through the belief that the courts had
decided something us favor. Tho matter, however,
possessed TOO much the nature OF conundrum 10 be
solved by the average human intellect, and the
answer bong glven up, the stock sunk out OF sight
again. The sale oil tue road under foreclosure pro-
ceediugs is set down for tomorrow; opinions are
a,v,dsd a. whether II will take place or be again
postponed aud upon this event may depend reviva!
Of ACTIVITY IN the shares Pacific Mail and Western
Uu,oa werc without cnango ana neglected; also gold
which remained between l0l and 1919. with dual
transactions 1919 The stock marKe. closed firmly
but without much animation, though the crques
not sparlng OF points the good things ~ come
.rne street, however, is suspicious OF these sugary
pledges having found by experience that there Is
pilsn a bitter pill beneatu, and knowing that
OF expectalio fails, and most oft there
Where most II promises.
TRANSACTIONS
Tns follow ing represents the opening. highest
and lowest sass regular way, oi the priucpal ssocK
during the past week, together with The number Of
danl in