The New York herald., 1878-11-25
FINANCIAL AND COMMERCIAL.
Review Of the Week. The Stock Speculation
Fairly Active and Strong
THE GOLD AND MONEY MARKETS.
IMPORTS AND EXPORTS.
WALL STREET,

SUNDAY, Nov. "a, 1878.
There is as little material for review in the events
OF the past week Her Grace Of Gerolsen found in
the army of her celebrated duchy In fact, goodly
portion Of the business transacted at the Stock
Board Of the '.boufie' order, being made up of
Sham sales and purchases. plentifully interlarded
with the unimporant ventures Of minor operators.
Still out of all this bushel OF cha grain two of
wheat was secured in the form of positive but ex-
ceedingy modest advance in the price Of most of the
leading stocks and the establishment ut the end of
the week of an undeniably strong market. retro
spect best be obtained by considering the history
OF each leading stock scriatim. Imprimis. Western
Union for the time being at least has been ousted
from the orchestra stalls, SO to speak, and
signed to the back seat Of speculation in spite
OF the earnest efforts of its friends through revived
promises of scrip dividend to give 1t promi-
nent place in daily dealings. They not success
fu however and the quotation at the end Of the week
showed loss of about u per cent Next in order at
tenton may be directed to the Northwesterns For
steady and sustained speculation this property merits
and bears the palm Of the week. Between highest
and lowest points there for the preferred and
common stocks a range Of respectively TX and IN
per cent. and most Of this improvement retained
at the close. An all pervading faith exists that
dividend Of 3 per cent is assured for the preferred
sort. and there will be sore disappointment among
The common stockholders if something is not done
Tor them we'll. As strengthener to this faith
there come highly favorable statements Of
earnings. and. what is quite as much to
the purpose liberal orders to buy from West
ern customers who are expected to know.
anybody does, how to place their money
where 1t will do the most good. The st. Paul shares
were benefited to about equal degree, rather from
sympathy with Northwest and the improvement in
he hon hu of loa<
than from any special speculation. On Saturday.
however, very lively upward turn engineered
on the purchase Of some large blocks of stock pre-
sumably for Mr.. Gould. Lake Shore remained re-
markaby steady. and for the most part Of the week
dull. Toward the end lively interest was de-
veoped and the highest prices made at the close
per cent dividend is considered certain and it
Is expected that the next statement will show some
thing than this to have been earned. The coal
stocks were the only laggards the list, the i'm
provement which had at time existed having been
pretty nearly got rid Of. Much doubt exists
~ to the continuance OF the combination
Tor another year account Of disagreements as to
quotas and the ofsh" attitude Of the Lehgh Valley
Company. meeting. however. Of the Lehigh Valley
interest is expected to be held at Bethlehem Tues
day and it is possible that existing difficulties may be
salved over Among the minor speculatives Chicago
and Alton and Illinois Central declined the state
ment that the Wabash company intended to build q
competing line into Chicago. Ohios fell of reports
that the second mortgage bondhoders had instituted
foreclosure proceedings. and the Hannibal and st.
Jo went down because they should never have gone
up. The money market was easy at from to per
cent with spasmodic squirt to per cent and closed
at az to per cent for two days; time money NINETY
days) procurable at ~ per cent stock collate
rails which is long enough to tide any temporary
strngency which may arise at the end Of the year.
either from the settlement Of accounts or from
fears Of the effects of resumption.
The following table represents the opening. highest
and lowest sales Of the principal stocks during the
past week.