The New York herald., 1878-09-30
FINANCIAL And COMMERCIAL.
! Review of the Week-A More Active
Speculation in Stocks.
THE GOLD AND MONEY MARKETS.
Why We May Expect Strength
in the Market.
WALL STREET,


As when In the course of protracted war fighting
aateria gets killed of, fresh food for powder
to be obtained without certain reduction from the
old standard which deGLed the length, breadth and
thickness OF the recruit SO has the stock market had
10 put up with reduction Of its business the d.
rect result OF worn out speculation. Comparisons
OF to-day's traffic with that OF the civil times
are odious those presented by 81. Paul road
IN ts report OF this year and last years. earnings and
are quite as unsatisfactory 10 the commission broker
as they are TO the railroad stockholder eless
what with some moderate investment ORDERS i'm.
moderate amount ol ''washing" aud the bulk OF the
business confined TO cheap gambling In the shape Of
RAPID turns" several hundred OF thousands OF shares
are rolled up the total Of six days transactions
The week which has just passed realms of the
bygones differs but little respect from the pre-
ceding ones There was more trade than In the week
before but there too little OF in either to be
garded with pleasure from q broker point OF view In
the matter OF prices, however. the record Is more
satsfactory-at least TO those who, having trust in
higher market and being duly prepared in ADVANCE
found AZ the end of tho weeF very considerable ad
ttion to the value OF thor property In fact, the
trust referred to Is beginning TO be generally enter
ained In stock circles; not that there many
trong reasons make the market 90 up, but that
here are fewer to make II go down At any rate, tho
weight Of evidence is In favor Of advance,
ZION OF general trade; the wealth pouring into the
sountry from the exports over I'm ports the
satisfactory markets abroad Tor surplus produc-
lions; the almost certainty Of specie resuulpti and
the stability thereby secured to commercial opera
tons the cessation OF the throat-cutting policy OF
rival railroads. which is securing them, at least,
living business, and, above all, the spreading deter
minaton OF the community at large to make things
better by earnestly believing tbem TO be here is
'Change Will rise with a bounce. A gradual apprec-
alton is the best that be hoped for, and It will
only be by comparing figures three months hence
with those oil to-day that II will be realized how
'teadly and how quietly the Improvement has
been reached. In the interim friends,
the speculative prestdigitateurs Will treat all
Borts OF sloight OF hand manipuiatons-new spring
Ing prices upward like jacks in box, making
them disappear ike peas under q thimble. Al the
present moment the signs that values to be
adv anced, and color is lent to this theory by
The circumstance that loans upon stock collaeras TO
cover sixty and ninety days in demand at slightly
increased rates Tor the accomm odation. The past
week was characterized by 1ushes of activity alter.
mating with great blanks of dulness. Whatever oc-
Cured Of FESTIVE be found either
with the grangers Lake Shore, rest OF the list
remaining sort OF semi-comatose state, which
was neither very lively very dull AS happens
no great event, either financial or POLITICAL to
stir up speculation, the market simply wavered under
the influence OF the lmsiest OF "street" rumors-Mr.
A. was buying IN Mr.. b. was selling out, wbile
Messrs. X and Y, looking mysterious and thereby
conveying The impression that they might be dong
both, were actually doing neitheE Tue very much
discussed subject OF ST. Paul preferred dividend
AT rest by declaration of SO so share. but the
whole matter having been ''dIscountod" no effect
produced upon the market price. On Friday thero
spasmodic burst upward in prices; on Saturday
The ''stick" came downthe natural result OF desire
10 put prodts in tho bank in lieu OF leaving them on
paper. Altogether the week a satisfactory ono,
id est to the bulls and the coming one all ap.
pearances, IL likely TO be still moro
The opening, highest and lowest prices of stocks
at the Now York Stock Exchange for Tho week we're
fOllows.--