The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-19
FINANCIAL and COMMERCIAL.
Review OF the Weeks Work
in Wall Street.
A BIRD'S-EYE VIEW.
Fluctuations Of Government State and
Railway Securities.
WALL SrRBN,
SUNDAY. August Is, 1879

SuNDAH. August Is, lS1a
The week ending Yesterday showed falling OF as
compared to tho succeeding ones both transactions
aud popular interest the weather cards from the
West having been played out TO the hnal trump NO
more uniavosabe crop news could DO extracted from
that quarter and consequently the granger shares
left the peace and quictnsss Of moderate nuo
.uatons aud a diminished activity. The ST. Paul
properly, however, not allowed 10 20 scot free
sjrom further attack though. reflected In quotations.
alttle or effect been produced. Il Is now as
that this company has been placing certain OF
,rDs bonds upon the market, II not exactly surrcp
rusiousy YET after that quot fashion which prevents
Inc left hand knowing what the right hand doeth.
At least the public have been placed In the position
sinister member and we do no: hear that the CON-
pany vouchsafes any explanation OF this apparently
let-handcd treatment As a matter OF figures the
charge Is that the 81. Paul company since spring,
have noated ST. 500 900 of shcr sinking fund bonds
IS well as $1,000, 600 OF Iowa division mortgage
bonds. the PROC obtained being somewhere between
" and 93 ana that something over million OF the
lrst named issue were marketed Just previous tho
payment of the last dividend without an Official OK.
planation tho public may be justified In regarding
shis Transaction ~ very remar kable one IN decd.
particularly In connection with the fact that
tho extraordinary earnings OF she company have
been deemed sufhc,ent defray only all
both classes OF stock. There Increased &C
hvty In the coal stocks, which proved TO
DO worse for values than the previous dull.
ness, Tor prices took the down grade and con-
siderable progress had been made this direc-
lion before speculative holders succeeded in put
Ting the brakes. Lake Shore still noticeable
Tor its remarkable steadnsss, or more properly, tor
Its strength In faco OF the dsparaging comments Of
Its adversaries. II beng pretty we'll understood
that Its through business Is Improbable the friends
Of tho road busy in chanting praises of It's local
traffic. which from all accounts rs likely redu
from It's "prids Of place" y trunk line TO the
but more profitable level OF a horse railroad Moan
while tho company pays three per cent div
dsuds per annum, apd the shares sell ut 65.
Michigan Central Western UEion and the other more
less active stocks were at times strong
they took tho IRON tho favorie OF the moment
Eric almost alone langushcd 10 dropping figures the
,insn ing provided by the London market having
considerable of us rigidity. The market for the
week LEFT pretty much in the hands Of profess
sional traders, but little disposition being shown by
tho msgn atss finance trouble themselves about
the course Of prices either ono way or Tho other.
There can DO no doubt, however, that quiet sccumu
laton OF active stocks Is constantly going on ana
that tho result will DO developed range Of higher
prices In the fall
FLUCTUATIONS PKicEa
The following table shows the range OF fuetuation