The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-20
FINANCIAL and COMMERCIAL.
Review of the Week-A Steady
Speculation in Stocks.
THE GOLD AND MONEY MARKETS.
investment Securities State
and Railroad Bonds.
WALL STRIET. /

There 10 nothing particularly striking to be re-
corded OF the past week, the stock market showing
adispositon rather TO remain quietly firm than to
push on TO much higher rarge OF figures. Still
some Improvement was made in sach stocks as had
hitherto received little speculative attention.
while former favorics were permitted to remain
quiesccnt and dull. Among the securities which ben
ented by this born activity Central and Hud-
son, Western Union and Rock Island The first, from
anticipated advantages which, il is believed. will
accrue to 1T through tho opening Of road from
Rochester to the State line consequently to the
coal and oil fields OF Pennsylvania; tho second from
reports OF improved receipts, partly due TO
IN increased business and partly TO tho cxcr.
else OF jndcious economics; and the third to q
revival Of the ola story, which always acts like the
cry OF "wof' on the shorts to the effect that the
four millions Of stock neld by the company would
be either divided cancelled otherwise disposed
OF TO the material benefit OF happy holders OF shares
Early in the week IL was cndcavorod 10 stifen tho
market by announcing tho formation OF new COM
pact between tho trunk lines upon the subject of
eastern bound freights. Nothing came of It, however,
helping prices went, Tor nobody believed Il
would last, even If It had been mado and there ia
every bolievo that "nobody" was correct In
the surmsc One OF the most mpor tant events OF the
week was The declaration OF dividends upon the North
western shares, the common stock to receive and
The preferred stock 39 cent II II was thought that
his announcement would improve market values, the
thinkers thought wrong for the price reccdod
than advanced and remained sluggish for tho rest OF
the week. II was a subject OF rejoicing among small
tradcrn that Lake Shore. Tor time furlough,
had been returned to active service The stock
apuzzcr, nevertheless, and altogether slactory
In its fluctuations, which were made part in
dependent OF the rest Of the market Tho only thing
certain seemed TO be that while all the conditions OF
trade at present and for months to como are dead
against the road buyers crop up At every decline and
tho price is held in vice. While the condition Of
the share market offered little upon which to found
any opinions Tor tho future, the bond market
replete with pleasant augures. The great
success OF the Syndicate with the AZ
per and Increasing demand for railroad
bonds bear evidence that confidence last is pluck
ing up courage and that capital Is slowly feeling Its
way iuto the channels OF Investment and trade.
With the great crop now seeking market and the
probably greater one to be garnered In the fall,
gcther with $500 900 900 poured into the country
sctte the balance between exports and imports,
there certainly reasonable grounds to believe that
the darkest days have passed and that brighter
future may be anticipated with every chance of it's
being realized.
TRANSACTIONS OF THE WEEK.
The following table represents tho opening highest
aud lowest saes regular way, OF tho principal stocks
during the past week, together with tho number oil
chor doalt N