The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-22
FINANCIAL AND COMMERCIAL.
Review Of the Week-An Active and
Strong Speculation in Stocks.
THE GOLD AND MONEY MARKETS.
The Course Of Investment Securities Govern
ment, State and Railroad Bonds. :
WALL SrREEr. |
SUNDAY, April 81, 1873. [


The week lust closed was passed upon the Stock
Exchange under rcumstances OF volumlnous trans
actions, sharp fluctuations and great excitement As
happens with sinners at camp meeting revival. most
Of the inqutous bears have been converted into bulls
and the rest wsro almost persuaded to follow. We
write "were' advisedy. for this was IN the earlier
part OF the week, whom Northwest and the ST Paul
STOCKS were being steadily marked up DAY by day, and
the Of the list was full cry their heels The
gran gers. however, the mainsprings which kept
the wheels OF speculation going and It was eviden'
tnat the movement must DO well fabricated and kept
In gear q dangerous smash might BIO looked
Tor. There lack OF applications to
make the machine run smoothly. Continuous
enormous receipts, prospects OF dividends shortly
to be declared, and, In the case OF the
Northwestern properly, bitter struggle for control
tho coming election, made II almost sure thing
get long VI a few hundred at the market AS there
advice from anywhere to get short OF and
more Signs OF bear than there OF an atmosphere in
an exhausted receiver, fatally weak spot existed
which at any time threatened 10 bring tho whole
speculation down about the ears OF the enthusiastic
bulls. The latter part OF the week showed dan
ger signals In moderate dropping OF prccs and yes
tcrday matters became decidedly serious through
bad break OF TO per cent, which scared the bulls
badly not Only IN tho favore, but in tho OF tho
market as WELL IL was some little time before the
leaders OF the advance got their wits about
them and ciapped The brakes on, but having at last
done SO, an upward turn was successful engineered
and recovery OF u TO I per cent
cured 1t would DO by means safe 10
wager upon renewal Of the break in Northwest.
Precisely exist for higher prices that
did before The election contest Is as yet unsettled,
earnings continue great ever the small fry that
all along have been s'ioo much company" arc shaken
out and 1t Is probable that something Of short in.
terest has been created thereby stincniDg up back
bone, which IN this respect has been hitherto as
aaccid that OF oyster. Besides tho street,
whole, are inclined TO believe In an advancing market
the natural result of resumption OF specie pay
ments, enhanced government credit and some signs
OF improving trade. How much OF This expected I'M.
provemcns has been already discounted upon the
market 10 open question and ono likely to be
uniavorably answered II that mythical body, the
public, continues take little interest AZ IL does
II present However, II Is an adage that the public
Always comes In crest OF the wavc and II will
be surprising II the present leaders do not mako
tide high enough to SUIT It.
TRANSACTIONS OF THE WEEK.
Tho following table represents the opening highest
and lowest sales, regular way OF the principal stocks
during the past week, together with the number Of
rharas denlt