The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-06-03
FINANCIAL and COMMERCIAL.
Revi ew Of the Week-The Stock Market
Fairly Active and Steady.
THE GOLD AND MONEY. MARKETS.
Course Of Investment Securities Government,
State and Railroad Bonds.

SUNDAY, June 2. 1878.
Tho uncxamplcd receipts Of wheat, corn and other
produce AZ the great lake ports during the past
PROBABLY convey clearer idea the general mind OF
the magnitude OF last years. crops than any table OF
stalistics that has yet been published. Coming In
this tangible shape Invested OF the uncertainty
which always attaches estimated results pretty
clear notion (aidcd by little simple aritnmetic) Is
afforded OF the addition which has accrued to tho
nations wealth within the last eight ten months
Tom Hood somewhere POLITICALLY describes fatness
OF certain soil by the expression that .i tickled by
Doe IT would laugh with harvest" II our rich
Western lands have required something moro
OF Utilization than that suggested by the poet
our granarcs nevertheless. have laughed with burst
ing sides at tho practical and valuable joke OF an
cxampled Yield From the last harvest to the next is
but step In tho matter o! consideration. All ac-
counts from the West presago still more bountiul
yield than the last from the standing vncat and this
result is sufficiently assured to warrant cacula-
lions TO be made upon IT, Estimates are that tho
wheat crop OF 1878 will exceed 400 900 bushels
addition to the general wealth that cannot but
most potent factor in reviving trade aud stimu-
ating prosperity Of the country II has boon un
doubtedy consideration OF these facts that We
tho advance and present strength OF the share
Market although the movement has not been wanting
In pure stockjobbing support as we'll Al any
the railway bond market has boon free from any
Hcial aid OF this sort. and tho steady advance and
almost prohibitory prices which have been reached
nre fair criterion of the faith which being placed
in this class Of securities. Railway mortgages being
pretty nearly impossible Of purchase Income paying
prices fair demand has sprung up for dividend pay
Ing shares and the last week witnessed considerable
lots OF stock bought ana paid for and removed from
tho street. This was particularly the case with tho
Wisconsin properties, New York Central and Rock
Island, and in fact It with the dividend payers
and promisers that the business OF the week.
both Investment and speculative. lay. In tho
matter of general values something of a
gain was attained during the week, but
the best prices made about the middle OF it, tho
market during the last day or two suffering lu
from tho anticipated absence from tho arena Of
several Of noted speculative gladiaors Out
the line Of stocks referred TO little worthy
of note. Western Union was strong aad advanced
increased earnings, Now Jersey Central gained
per cent. by OF confidence In tho
uructon scheme. and Pacific Mail fell of per cent
want of confidence In its reconstructed direction
During the closing hours Of the week the prices
buoyant tho temper OF The market Indicative OF
higher prices
YESTERDAYS TRANSACTIONS.
The opening highest, lowest and three p. II. closing
rrtroe ~ stockS vest erday wcrc.-