The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-09-02
FINANCIAL And COMMERCIAL
Review OF thsIWeek at Home
and Abroad.
STATISTICS OF THE PAST MONTH.
Course OF the Market Tor Government
State and Railway Securities.
FACTS AND FIGURES.
WALL STREET,

The performances ON the Stock Exchange during
the past wock boar about the same resem bance to
market managed by professionals as do private
thcatricas 10 the real thing Ia TACT business
pretty much left TO the street. the
stsrs Of speculation still taking their ease IN coun.
try and Watching the ebb and fow of the tide on
sandy with greater interest than they did the
Rise and fall OF sluggish stock market There was
one exception to this playing at speculation, how
ever, and this was TO BIO found In the serious
mont OF tho granger stocks by picked company Of
professionals who have gone into tho business do
pressing tho values Of these properties ana act az
though they meant It. The st. Paul pref.
crcnce shares have been especially singled out
as mn object Of attack, and under the pressure
yield quito SIX per cent IN the OF ths
woek. II appear that this fresh maevolencs
on tho part OF tho instieatsd by any AND
uuiayorable conditions In tho company ITSELF but
rather by belief that the old charges, II properly
rehashed could be used to advantage IN depressing
prices. Consequently We arc invited to reconsider
tho paralivc loss oi earnings tho shllyshay IN
the Case OF the preferred dividends the reticeDce OF
tho company In regard 10 tho issuing OF It's bonds and
the bad outlook Tor business during the current
twolvemonih, Consequence of the partial failure
OF tho Minnesota grain CROP Collectively, We have
hore u rather formidable array OF evilsquito enough
TO base q bear attack upon and containing sua-
cency OF truth to warrant q hope OF success
IL Is be forgotten, however, that the St. Paul
road has worried through much worse times tina u
has likely have again, that II has faith
fully paid ul Its preferred dividends aud that at
tho present so.ling price OF those latter snarcs
return OF nearly 1919 per cent por annum u 10 be
reasonably expected by tho INVESTOR II Il not 70 DO
doubted that these considerations are meeting w.t.
tho attention Of sbrswJ spectators, and that &C
siderable lots Of stock being quietly picked up In
anticipation OF turn the tide. Indeed, It Ia not
INN robable That tho boar movement may have besn
cunniugiy devised for this very object. Tho North
western stocks being SO TO speak. cousin germans 10
tho ST. Pauls, Il was but natural that they should
inherit the family weakness and turn out to DO
invaiids also in point Of financial hoath.
So Il happened that they foil into a decline we'll
losing 10 points Of their substance, as rated by
market quotations., ard showing up In rather
s.stroaksd" form IL tho week's speculation In the
ether railroads there wsro but few changes Lake
Shore persisted In It's perpexing stesdness; Central
aud Hudson s,rong and higher under moderate
demand tor stock, which not readily forthcoming
from market that nearly bare Of floating sharss;
Michigan Central vibrstsd with It's accustomed rapid
Ivy tho limits Of three points, retaining, how
ever much strength under tho becf tina: the road
incubated by the Vanderbilt mind and money, will
eventually hatch out brood OF regular and salts
factory dividends remainder Of tho railroad ls
save impaired by neglect aud duness. Tho coal
stocks comparatively active but tho net results
showed NO important changes. Tho committee ap-
pointed by tho Board VI Control have not as yet
marked up prices Tor september and are not likely TO
do so, although the slightly better ratios obtained
tho Delaware and Lackawanna auction sale would n
t,mute that buyers would stand something OF an a.
vance For tho rcs. OF tho market nothing Is TO z
said except that IL was excessively dull aud so
manned to tho close OF business for the week.
TRANSACTIONS oY
Tho total number OF shares OF active stocks 70 \
por,e cd sold mt Board during tho wcek Is Sal 24l
which were distributed ss follows Lake Shore
g. 500; Muwaukse aud 81 Paul. 81, 1872; do preferred
so $50; Chicago and Northwest b5 $50; do preferred
1890; Delaware ana Lackawanna. 3,4G9; Err
So 10: Western Union, 81, 500; Union PAciAc, 2lT
Rock Islsnd. 1910; Pacific Mall 467o; Atlantic q
Pacific Telegraph, 100; Chicago, Burlington
Quincy 1175; e., G. and l. g.. 200 g., c., @. and l.,
$50: Cleveland and rttsbare, TAO; Chicago and Alton
1907 90 preferred, 237: Delaware and Hudson. 1881 ::
American Express 4O1; United States Express, ATS
Harlem. 100; Hannibal ana ~ Joseph, OSLO; do. p'
Jared. s. $50; Illinois Central, 1925; Michigan
trail, 100: Norris and Essex. 4,32z; New York G.
,ral. zoos; New Jersey Central, 2, 100; New 70
Now Havou and Hartford, 800; ONO and Missssip
q 400: Ontario silver, 14s5; Quicksilver pre'srro
aa5: ST. Louis, Kansas CITY and Northern preisrrc
900. st, Louis and San Francisco, 200; Wabash, a5s
n L. and Texas, 300