The New York herald., 1878-10-07
FINANCIAL and COMMERCIAL.
Review Of the Wcek-A Fairly Active
Speculation in Stocks.
THE MONEY AND FOREIGN EXCHANGE MARKETS.
Imports and Exports for
the Week.
WALL SrREEr, 1
SUNDAY, Oct. Q, 1878.

founding hospital, choke full Of lnianule waits
and strays, may offer gratifying exhibit OF the IN
crease OF population, but can scarcely be taken AS
proof OF public morality In like manner the Stock
Exchange has shown considerable addition TO It's
aggregate Of transactions during the past week. but
IS TO their legitimacy the less there is said OF It tho
better. No market Tor many weeks past has been
submitted to such thorough ''rigging'' and been
played fast and loose with, according 10 the whims
caprices and OF leading operators asth
which has Just slipped away As an exhibition
OF clever manipulation tof which good deal would
bear sunlignt) 1t may bo regarded a success,
bat as a reflection of the nnancial and commercial
condition Of iha body polite It was dead failure
Indeed, there was attempt to make It
anything else SO far as legitimate
business concerned, for there being no
incident OF prime importance to stimulate specuia-
ton either way or the other, he Board Was
forced so 10 speak, TO SIT down TO game Of 'soii-
lairo" Or else shut up shop. While the ocangs OF
lhe week and the frequent changes in values were
thus 10 certain extent meaningless, custom, never
lhssss requires tnat notice should be taken OF them
Is though they had been all important The very
perceptble ousn ieeling which prevailed at the be-
ginning OF the week was succeeded by sudden de-
preston at the middle and equally sudden recov-
cry toward the end. Nobody pretended, however, to
assign any reason Tor these changes except that OF
sheer manipulation, although SO important maticr
the Glasgow Bank lailure would, in times OF yore
have been welcomed as a perfect FL Dorado by the
bear party As II happened, tho incident tell HAT
upon the market, and appreciable mads
OF II. Nor was there better luck with two or three
incidents OF home manufacture. rhus the
port that the Continental Telegraph Com
pany tabout which swoi' has been cried
80 much and oiten) had made its connections with
New York ana Philadelphia and was u bidder tor
business failed 10 affect Western Union, except in
moderate way Tho comparative loss or $l90 900 in
earnings for the last week In september slightly de-
pressed the ST. Paul properties whils vague rumor
of new railroad did disturb tho trunk lines
at ali. In Tact, with Lake Shore II was quito the
other way. the quotation having been steamed up u
couple OF points the OF the week, despite OF
wars or rumors Of wars. moderate business was
transacted the coal stocks AZ prices that were
sometimes strong and sometimes weak. Compare
lively with year the coal trade Is shade better
In prices obtained, though the bulk OF business still
falls short OF being either sufficient or remunerave.
On Saturday stocks continued strong and steady
the week closed with much 6rm mess, having In its
SIX business days afforded very fair chances for
profits TO both bulls aud Money cali during
the week has ruled IRON TO per cent, with
closing rates at 2K per cent. and TO months ac-
commodation afforded ~ 4ja per cent
The following table represents the opening, highest
ana lowest saes regular way OF the principal stocks
dealt 10 during tne week.