The New York herald., 1878-11-11
FINANCIAL AND COMMERCIAL.
Review of the Week---An Active
Stock Speculation.
THE GOLD AND MONEY MARKETS.
EXPORTS AND IMPORTS.
WALL STREET,

SUNDAY. NOV. lO 1910.
The ancient sage. philosopher and friend who "took
on 80 dsnally because he had 'lost a day." could
have found many counterpart among Stock Ex-
change members who last week grudgingy acceded to
holiday which they could not prevent 1t is far
rom certain. however. that Tuesday last 'lost
lay" except in the views of stock gamblers.
tor in tho choking of the greenback monster, II in
no other way ten hours OF daylight put to most
profitable account. That it is SO taken and accepted.
both abroad and at home, is testified to by the IN
creased demand for, and enhanced value Of American
stock in foreign markets and the reduction of the gold
premium to fractional excrescence in our own.
The election. however, impaired the usual holiday
auness to the first part of the weeks dulness which
might have been had not been for the excite
ment attending upon sudden and unex-
pected collapse in the Western Union speculation.
As is generally the in stock combinations. there
was slippery element present which threatened
7ssade to the whole ''Stole away" is cry
quite familiar stock jobbers to fox hunters.
md quite appropriate whenever Mr.. Gould cnacts
he part of Reynard. Mr., Gould, however, did not
make his escape from the Western Union pool with
out considerable clatter. the breakdown In price
from 102 to 96H clearly shows nor was he alone in
the escapade, for Mr.. Keene followed with similar
movement day two later, which brought the
quotation down to 93H It apractical paraphrase
Of the old story OF Jack and Jill with sequel, is to
be hoped, more fortunate than that which befell
these 1uckless individuals. How many grains Of
truth in the bushels Of chaff that have been
circulated in regard to the Western Union dividend
is doubtful; it is not doubtful however. that the
scheme has miscarried for the present. and that
the work will all have be done over again at
future time-which it undoubtedly will be. Next to
the telegraph stock in popular interest but exceeding
1t in amonnt of transactions. Lake Shore. Al
though good deal of confidence is expressed in til
ability Of the company to make the coming dividend
equal to at least per centand there is reason
to believe that the earnings will be materially in
creased by the close of navigation and the higher
charges permitted by the pooling arrangements
the stock not only fails to advance but has
ceded point or more during the past week. This is
partially due to extensive sales attributed to Mr..
Keene and partially to the fact that the public is in
credulous. being left in the dark to any official in
formation Of the condition Of the company present
or prospective. There occurred during the
week sudden shaking of dry bones in
The Union Pacific property. AS speculation in this
stock is about safe game chicken hazard. the
Smile is appropriate one From 66% the price ad-
vanced under unusay large dealings to 69 although
Il ultimately relapsed to 6s. The revamping of the
Did story concerning transcontnental line (under
The management Of Mr.. Vanderbilt of which Union
Pacific would be an important link, seems to be the
only reason for the activity The grangers remained
fairly steady and moderately active. There s fore
shadowing of better prices from expected improve
ment in earnings in the future. The coal
rers neglected and prices inclined to droop;
trade Is bad. and continuance of the combination
problematical. The ebullition in Western Union and
Lake Shore set the market in ferment and left it
Saturday night in feverish and unsatisfactory cond
hon.
The following table represents the opening. highest
and lowest sales regular way Of the principal stocks
d,rriny tha mast wack