The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-01
FINANCIAL And COMMERCIAL.
Review Of the Week-StOck Speculation
Strong and Active.
THE GOLD AND MONEY MARKETS.
The Course Of Investment SecuritieS-GOvtrn-
ment, State and Railroad Bonds.
WALL STREET.


Business upon tho Stock Exchange during the last
week proved TO be unusually important, both as re-
garded the magnitude OF transactions and the IN
OF values bull feeling, early manifested, IN
the end lmprsgnated the whole market TO the eimi-
ration o., the bear element ana the dissemination OF
stocks weaker hands thac has been the case for
back In fact, II Is generally believed that
Mr. Keene, who had gained the notoriety OF being
holder OF all the prominent spcculatives,
has taken advantage Of the favorable market to re-
lheve himself Of tho load. II is not to oe gainsad
THAT somebody has shown an extraordinary willing
suess 1t, for prices have hold their own and
fsven under the free supply which found
upon the market The sustaining power was. bow
ever greatly que 10 the warike news from
abroad, which for the time being has squeiched any
depressing influences which may exist at home.
Thus, the rate cutting difficulties between the rail
roads, the nearness OF the reopenng Of lake and
canal and the aot that the wheat crop has
TO very great extent been already moved, all
overshadowed by belief in the certainty oi and
the firm belief that nation, we were greatly TO no
benefited thereby. To this idea the granger stocks
land Michigan Central the first strongest TO
respond, while Lake Shore. which was expected TO
fall into the a matter OF course showed
disposition TO '.jib" and hold back In an unaccounl
abe manner IL was evident that there was a screw
loose somewhere-where, IT was not certain-nor did
the explanation appear until II discovered the
large sales previously alluded to- Another stock
benefited by the theory Pacific Mail
H. certainly stand good deal OF beneftng with
ont becoming overbear,ng no one VIII grudge It's
rise Of AK per cent during tho week. most OF
winch 1t held to. The expectation that vessels will
be III demand for transport service, we'll as for tho
conveyance OF goods under neutral flag, was the
good, bad or indifferent oil the advance. Beyond
an access activity and remarkable hrmncss which
characterized them, no advance movement was made
in the rest the list II We except Cleveland and
Pittsburg, which rose from 70h TO II under the de-
csioD OF the Pennsylvania company to create sink
ing fund Tor purchase OF securities Of their leased
roads Tho event OF the week was the shipment OF
would be Case having reached The exporting point
The shipment is made In payment Of government
purchases silver Of bonds. which latter thanks
10 Mr. Bland and his following, coming into the
Jrountry instead OF going out Gold advanced from
iol TO l013I tho above but closed u Oh. sudden
s,ringency money, which marked rates up TO l-64
aud 1882 per cent for short time attracted atten-
ton. Tho change OF large blocks OF stocks from
strong hands to weaker ones and the spring settle
ents will probably account for what - not likely TO
DO more than a temporary furry
TRANSACTIONS
The following table represents tho opening, highest
md lowest sass regular way, OF the principal Stocks
during the past week, together with the number of
shures dealt in:--