The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-12
Review of the Week on the Street and
in the Stock Exchange. )
THE TRANSACTIONS EPITOMIZED.
Course of Government. State and Rail-
way Bonds. !.
WALL srRKEv. I
SUNDAY. Augusl II lNr6(

Between the week just az end ana the 60 =,
or three previous there . strong family Ike
ness tho features beng only varied by the o,rcup
stance the aggregate Of Transactions mssrss
ally reduced. Values reduced sso Which 10 tssc
far more importan. matter while tho loss fell OF IA.
properties least able TO bear It, which IL most imp
tant of all. Reference had to the eranesrs. WIT
nave added their previous decline OF twcsty o.
points some three nvs points moro, and by 81.
means certain this losiog business nnishsa - r
In matter OF Affections these stocks have become ii s
very Jobs OF the market, aud II they havs y
not spread infection to tho entire nss NJ.
Is because tho financial atmosphere n tee >,
clear Of epidemic 10 the suise OF panic.
For two weeks past speculation 10 tho wisconsis t.
properties has been cpitome OF bnghted bopea
Appearances which looked promising for revival Of
pr,ces on ono day were dashed by . further decline
on the next and tho time has been spent mainly 10
getting into pur chases and getting out Of
them again with little damage as possible iui
this way the gr anger shares have boon passed from
hand to hand always shrinking little IN The trans
fer until they have reached the POSSESSION Of pros
ont holders How further they are TO be passed
on or to what Deeper depths they may sun SINK 10
qucry which nobody seems able TO answer;
It is something to DO thankful for however,
10 know that Individual losses have been sm,' :"
through f,c Of their having boon widely distrr Or
uted. Tho blight tho crop is still made the soap II
gsat for all the trouble. Tho bears nave operate :.
upon THIS idea with tho dcxtorty Of PAganui play
ing upon single string, aud their success has boz
recorded In continuously shrinking quotations Nos
satisfied with attacking tho crop when standing In
tho nolds they have pounced upon IT whom housed
IN tho barns and with crocodile tears bewal the
scanty results OF tho shresning floor. What the
actual damage amounts 1t difficult to foot up.
In their diagnosis Of the injury corn doc.
tors differ greatly as do their brethren
OF tho medical profession. That certain per.
cen,aee OF mischief has been done nnqucstonabie,
but that il all reaches tho extent reported 10 mos
doubtful In any case II sufficient TO warrant
the passage OF tho st. Paul preferred dividend (ths
PROBABILITY OF which used as a bear argument on
Fr,day) it being notorious that tho money Tor the
Same was earned and bank weeks before the bad
weather stories wers used TO dspress the market
Tho rcs, OF the list may dismissed with brief men.
ton Lake Shore remained mysteriousiy strong az
ever only yielding slightly with the rest OF tho list
Some .pasmodc action marked the course Of WesIerI
Union and Michigan Central, appearing. as they did.
bv nts and star,s either weak or strone. Tho same
NAV be said OF the coal stocks, which Otherwise
vuhout feature. Saturdays prices wore somewhat
halter for tho grangers, bat with chavactsrstia
srtac,en,lv pronounced base any correct idea Of
their future course.
FLUCTUATIONS OF THE WEEK
Tho following tablc shows tho highest and lowest
noiuts touched by the leading speculative stocks
during tho woek:-