The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-03-24
FINANCIAL AND COMMERCIAL.
Review of the Week---A Dull Specu-
latiOn in Stocks.
IMPORTS AND EXPORTS.
The Money and Exchange
Markets.
WALL STREET.


In comparison with the Aourishing green bay
tree activity of the early part of the year last weeks
business may be compared to a stunted shrub. which
languished because its root, like that which is at
tached to ''all evil was made out of money. Out of
the want of 1t. or the fear of want of it. would
probably correctly express the fact; for upon
some additional demand for loans and vague APP
prehension of coming stringency. the volume OF
business ON Change materially reduced and the
market driven into state dleness that it has long
been stranger to- SO far, however, the rate for
called loans has not exceeded per cent and
under the semi-oficial assurances from Washing-
ton that every effort will be made to pre-
vent an undue stringency. the appearance of
which would be quite embarrassing to
Mr.. Sherman to the Stock Exchange
borrower there appears to be but slight cause for
alarm. A disposition, however, to tide any
possible financial furry has sprinkled the market
with considerable amounts of long stock principally
for account of weak and timid holders. which in
turn have been absorbed by holder buyers. The re-
suit has been to depress prices rather than break
them. and at time has there been any disposition
shown to attack the market through an organized
bear movement The popular sentiment. on the
contrary. regards the prevailing uneasiness tenn
porary episode which is unlikely to seriously retard
the improvement that is promised through the rev-
val of confidence and trade. Events of financial
Importance during the week were few. The tempo
rary suspension of the New Orleans banks had at
first an ugly look, but when the prudence of the
step realized there followed q smoothing down
of the rugged 'front.', and the event passed without
disturbing the market. The fact itself is con.
frmatory of the opinion previously expressed that
the prevailing feeling is bullish one so rich u
placer for working out panic would scarcely have
been neglected by the bears. The expected semi-an
nual dividend of ga per cent declared upon the
st. Paul preferred shares and a statement made of
the roads business, which the financial critics
now snarling over. Also quarterly dividend of
per cent by the Rock Island Company their stock
proper and per cent additional equal to fifty cents
per share above) the wa-Mssssippi
Northern Railroad stock. held in trust for the Rock
Island shareholders Money frightened up to sharp
7 per cent at the close on Saturday and the share
market ended heavy and depressed.
The opening prices of stocks on Monday last were
IS follows:-D Delaware and Hudson, buyer, 404
25h New York Central and Hudson, 1141s; Lake
Shore. nv; Rock Island, 1872; Northw estern. 5Gs4
do preferred. s6al; St. Paul. $685.; do. preferred
83k; Delaware. Lackawanna and Western, Az;
Michigan Central. $50; Sutro Tunnel. "A; Wabash
2014; Central of New Jersey, 3sh; Kansas Pacific
%; Kansas and Texas. TO- Union Pacific 73A
Canada Southern, 631s; St. Louis and San Francisco
IN; do, preferred. %; do, first do, 1875.
The closing quotations yesterday were:-