The New York herald., 1878-08-26
Review of the Transactions Of
Past Week.
THE STOCK SPECULATE
Prices OF Government State and K
way Bonds.
MONEY AND COLL
WALL STREET.


Professional operators having for the most p
given wide berth to stock speculation, as is q.
wont 10 do when the dog RACES, the market
been given over TO the Corinthians OF the Board
who, during the past week, have handled matters
the best OF their amateursh ability. Tho net res
has been business averaging about loo. 900 shares
day, an amount which exhibits quite u creditsble
gree OF life for what Is proverbaIIy accepted as
''dead season." In the matter Of values, howev
changes wore few and unimportant, In most cases d
advance decline Of one day being Off by a rove
movement on tho next, and with general result
the ofthe week significant OF nothin ness as 4
mixing OF acid and alkali Nor did Il hapl
that the different stocks upon the list worked at
in unison. for, in many instances, what proved brig
days 10 were blue days 10 others and aitogetti
blank days to the remaining and major part whi2
failed TO all. After Wedn esday the interest
speculation dim nished pcrceptibly The small trcs
of The trade which had been used TO tickle quotato
into artificial activity were abandoned for the tirH
being and more legitimate motors were look
for in the decisions of tho Saratoga railroad CO
ference. Pending tho deliberations OF this be
tho market took kief after the fashion Of the 4
entails, and let matters Drift along as fatc or fortu
directed. Moro importance was attached to this s;
toga meeting than has happened in previous instsnc
OF the same sort. There signs that tho repl
the way they work, but by the SGT Of opini.
toward practical reforms and economies. II ther
disposition to add to freight charges there is
equal disposition TO lop of unnecessary expense
and in finding that there two ends to the site
that has hitherto been treated as having but II
railroad managers may benefit their own inter
without injuring those Of the merchant and ship
While the trunk lines waiting the nat OF IL z
managers 'fn Congress assembled" the coal carrie.
looking to the action to be taken by their Boa.
of Control This was settled on Wednesday by a
official appor,iopmcnt Of production for tho month
September which is fixed at 900 900 TONS again
2,000.O00 tons Tor August. At the same tim
committee was appointed to fix schedul
OF prices for the same month. and the bell
obtained that rs to so cents per ton would be ado
to existing rates. II appears doubtful whether T.
will be done face of the apostasy OF the Lehigh
ley company, which, upon tho very termination
the meeting, issued schedule Of their own, rspul
fishing existing prices This snap shot at the
made for the purpose OF baggiug customers in
vancc OF their colleagues, was regarded upon Chan
rs threatening the integrity OF the combination,
free sales OF shares and lower prices followed az
matter OF course. Notwithstanding this dscouras
feature and the still moro vital TACT that the
trade Is about as bad as bad be, prices Of sht
rallied at the end of tho week, AMI tho market
them closed with much nrmness. 1t begins to O.
out that the Western farmers have learned wise
by experience, and have no Meditation to rep p
the mistake Of former years In holding back the.
| crops for higher prices. Tho receipts OF whoat q
Chicago, Milwaukee and Toledo upon the most ez
tensive scale and thus speak vcarouy for the grea
traffic Of the railroads leading to these points. Anon
the lines TO benefit thereby Wabash and Hanniba
and St Joseph, and the Improvement was reflected
| a grcater activity and advancing priceG Westcr
| Union remained steady, though dull; Lake Shor
strong and at times excited, ana the Of the It's
| futtcrcd between strength and weakness Tho las
two days Of the week night have been sponged fror
the record so far they meant anything or pronte
| anything, beyond such small returns as = purol
brokers' market afforded.
PRICES OF THE WEEK.
The following table gives the opening, highest
low est prices OF tho pest week
together with the thrco P. NJ. closing quotations
| Saturday