The New York herald., 1878-12-16
FINANCIAL and COMMERCIAL.
Review Of the Week-A Fairly Active
Speculation in Stocks.
THE GOLD AND MONEY MARKETS.
WALL STREET,

SUNDAY, Dec. Is, 1873.
While paterfamilias in ninety per cent of the domi
ellis Of the land is performing the almost religious
duty Of giving weekly wind to the kitchen clock
we proceed to the equally important task of winding
up the financial events of past sennight through
tie medium of brief review. There were fewer
matters Of interest than in the previous week. but
speculators made the most of them. such they
were and by dint Of hard work maintained pretty
lively speculation. The aggregate of transactions
about the same, though in general way fuctua-
tions more rapid and prices more irregular
Striking balance at the close of yesterdays bis-
ness we find for the week a loss in Western Union
Delaware and Lackawanna. Burlington and
Quincy, the ST. Paul and Michigan Cen
trial. slight gain in the Northwesterns. and
III equilibrium in Lake Shore. Western Union
has again left it's supporters in the lurch, the Execu
dive Committee having met and simply declared
dividend Of 4 per cent, without touching upon the
yubject of stock distribution at ALL There was o
lingering hope that per cent would be squeezed out
Of the quarter. but the directors adjourned and made
sign. As matter of fact it is the bears who have
obtained the two per cent and not the bulls. collect
ing it cash the NAIL too, through the fall in price
which has succeeded the meeting. Holders Of Bur-
lngton and Quincy were placed i'll still more uncom-
Portable straits being forced to their property
decline from Ill to 1861 and finish almost without
stock, the proceeds of which to be
used for the construction of new road
steel rails and cars. regarded
diluting the strength of the road to the extent
marked by the fall in price. From water the
transition to washing is easy and natural, and of
this latter art the Northwesterns afforded conspicuous
examples Every day of the week Monday
In the light of this avocation persistently it
tarried on. OF it was all laid to Could who
1t is imagined, is endeavoring to clean mp his short
account by washing down prices. On Saturday after
noon the Northwesterns traded in dividend
3nr' and under a strong support, made to
close at the top prices Of the week. The features of
the coal carriers were smutched from first to last
being only varied to degrees of backness by fre-
quent and rapid changes in quotations. An improb
able story that attempt would be made to break the
Morris and Essex lease rendered this security at
excessively weak and unusually active, while the
almost certain abandonment of tho combination and
the lower prices for coal exerted depressing nnu
upon all the anthracite properties alike Among
the railroads Michigan Central and the St. Pauls
heavy and lower This decline in the first, how
ever. stopped by the interposition of Mr.. Van
derblt and in the latter by the upward turn which
prevailed in the general market at the close Of busi
ness. There points of interest to invite
attention in other stocks business being limited and
fluctuations unimportant
The opening prices on Monday were as follows:-
Delaware and Hudson. 3l}s Western Union, 959G;
Pacific Mail, IS; Ohio and Mississippi, 71sb Lake
Shore, 681a; Morris and Essex 764 Northwestern
46la; Northwestern preferred, 764; ST. Paul, 35k
st. Paul preferred. 1919; Delaware Lackawanna and
Western, AZ; Erie Railway, 1Sh; Union Pacific. 65ss;
Rock Island, 11s; Wabash, 22s New Jersey Central,
26as; Kansas and Texas. 57s; Illinois Central. rs;
c.. c. and c., ga Hannibal and St. Joseph. 13hb;
Hannibal and St. Joseph preferred. 34k. And the
closing quotations Yesterday were:-