The New York herald., 1878-12-02
FINANCIAL and COMMERCIAL.
Review Of the Week-An Active and
Strong Stock Speculation.
THE GOLD AND MONEY MARKETS.
WALL STREET,
C~~t. -, nA 1OrO

In the language Of the hunting field, speculation
lring the past week followed the same cline OF
ountry' that it did the week previous being mainly
irccted toward the coal stocks the grangers and
AXE Shore. AS to the value OF these several secur
es, however, spectators by no means of one
ind for while the anthracite fancies subjected
), more kicks than halfpence tho railroads were
Gated to much fulsome aluntion as alta ches to
}ceregel progress. The choir of operators
ontnues TO chant the praises Of these latter proper
lies and the tune is set to the old metrenamey
he highly prosperous business which the roads
tlong and the firm expectation of satisfactory
! dividends to be paid. Particular attention
has been directed to the Northwesterns
\ he magnitude of dealings, but to the advance
,hieved--certainly if the statements Of earnings
orrectly reported there good reason for their
popularity. There is said to be drop of bitterness
however, in every cup and the sbears have not been
low in offering it to the lips Of enthusiastic holders
IN the shape OF assertion that the freight traffic
which under ordinary circumstances would be spread
over several weeks has been compressed into about
ten days in order to affect the price of the stock and
make good showing for the dividend. The dark
background Of last years business at the time
forces the brilliant trade of this year into strong
lief and this circumstance has also aided the rise
mainly duo to this fact, although some thing
must be allowed to the sympathy with its
Wisconsin neighbor Nextto the grangcrs in popular
estimation came Lake Shore though it continued
to be as much of Chinese puzzle Like the
gazelle with the soft gray eye, which sure to
become defunct at the moment when everybody
wanted 1t to live Lake Shore attans to the
fatal figures Of three and ten than it turns its
toes up, to speak, and all it's friends have 20 into
mourning. How many times it has touched 20 or 10
and bitock this week and fallen back again will be
BY the record of sales is enough to note that
q per cent marked the gain Of the period. During
the earlier part of the week the coal stocks were
depressed and prices lower but Friday and Satur
day advantage taken Of the extensive short
interest which had been made to bid up quotations.
The outlook for the coal trade is black the out
put. The expression Of the Bethlehem meeting is
regarded as antagonstic to the combination, while
the decline Of % to As cents per ton made
1t the Delaware and Lackawanna sale, the
subsequent reduction of schedule rates by the
Pennsylvania Company and the intention of other
companies to follow their example have all helped
depress the market value of the coal stocks. One of
the chief events OF the week. and that Of scandalous
nature has been the attempt Of certain spectators
who short OF stocks to break the market by bid
ding up gold and tightening money. Their supreme
efc rt having been made in the Gold Room just before
three O'Clock Saturday. when the premium was
carried to 10OL the markets were closed before it's
full effect Enough of apprehension ex-
isted however. to drive down prices from Z to per
cent and to leave the market weak and much shaken
rs to confidence in the future.
hc n rofa fjnn ms folIo