The New York herald., 1878-09-23
FINANCIAL AND COMMERCIAL.
Review of the Weeks Business in
Wall Street.
TEMPER OF SPECULATION.
What Was Done in the Various Stocks
and Eonds
WALL STREET,
CAAe Oh IQYQ

familiar Latin saying afhrms that he who would
ravel safely must 60 IN the middle. The application
or this truth last week stock market is apparent
enough whom recall the straight and mouotonous
road along which speculation travelled from Monday
morning until Saturday night. The way specially
FREQ from psrs; there bear pits TO threaten
tplunge into lower prices side and no bull
loclivity the shorts with tho obstacle Of
higher prices on the other SO tho stockjobbng way.
tarcr plodded along dull aud uneventful path, with
nothing in the shape OF fluctuations transactions
remarkable enough to distinguish tho week from tho
many drowsy which have preceded it Such signs
ii lilo existed wero TO be found, as heretofore, in
Lake Shore and the grangers. The neglect with
which former treated In the early days Of the
week yielded 10 increased interest at the end, the
activity being referable to free sales OF stock
shining ngurss In casting about for an incentive Tor
these salos tho could ind boter solution Of
the puzzle than that Mr. Vanderbilt or Mr.. Keene,
both. were turning their shares into groonbacks for
reasons best known TO themselves. As 1t happened
however, that these reasons unknown to the
street. this latter impersonalty set about devisng
some OF It's own, AND they were fashioned after this
shape:-A strike among tho more important servants
OF tho companies threatened all along the Van
derbilt roads; Mr. Keene uncomfortabIy short of
the Nsrthwesterns which persistenty refused 10 do
cline, and Lake shore was being employed a
Lrp hammer 10 "KnOCk 6pOtS' out oil the
recaicrant spcculatives concerted effort was to be
made 10 eliminate snort interest," establish lower
grade Of prsss in tho market generally, and prepare
as It wcrc, "tdbuld rasa" which inscrIbc the
sshoup Ia!n Of new and successful bull movement.
Moro or less absurd these theories may be, they,
at least were potent enough to influence prices,
arc, therefore, deserving oil mention Tho grangers
moved mercurialiy within limits, at the beck
ana call OF the operators Northwestern pre.
ferrsd shares alternately weak and strong and
ST. Paul preferred oitener strong than weak Appear.
ances are that the latter Is considerably oversod,
and undoubtedly q sharp and uncomfortable twist
. could be mads were the bulls to call
in their loaned stock refuse to re.
lend It, 1t was rumored on Saturday
that the m uch talked OF dividend would be declared
ON Wednesday next and It Is probable that consider.
able stock held waiting for definite iorma-
iion as what the company purposes do In respect
10 this and fature divisions. Central ana Hudson
were strong and quiet the week through both s.ocks
selling dividend of Michigan Central strong aud
weak by lts starts-the price, usual with this
stock, responding sharply TO vory moderate attempts
either to sell buy Holders OF coal stocks keep
strong grip upon their shares conso!iDg themselves
for their hard work by believing that trade
spring up and the combination will last for some
months to come
RANGE OF PLUcTuATIoN
Following are the opening, highest and lowest
prices OF leading stocks during the woek, with the
closing quotations OF Saturday -