The New York herald., 1879-03-10
Review of the Week-The Stock Spec
ulatiOn Less Active.
THE GOLD AND MONEY MARKETS.
Investment Securities---Govemment State
and Railroad Bonds.
IMPORTS AND EXPORTS.
WALL STREET. /
SUNDAY. March 8, 1879. I

SUNDAY march ., lS'S)
Business during the week just past was restricted
In volume and unimportant in fluctuations. Neither
bulls nor bears were disposed in other than
the gentlest of tones and after mitigated fashion
that would scarcely have disturbed the serenity of
the mildest Of sucking doves. 1t followed therefore,
that there was quite as much of dulness of &C
tvity in daily dealings with the inseparable accom-
paniments of weaker and irregular prices. The main
spring Of the market which kept the wheels Of busi
ness going was Northwest common; 1t also kept
everybody in hot water. which accomplishing
double event. Next came Western Union in point of
interest and next again the coal stocks. Upon tho
fortunes of these several specialties hung the fate
OF the market. At the opening of the week
q cheerful tone prevailed and the general market
tended upward. 1t soon became apparent. however,
that the clique in Northwest selling freely and
the example thus set followed by the entire list
to the detriment Of values generally. Almost the
only stock to resist Western Union, which
worked its way against the current up 1857. the
highest point in its history. 1t failed however. to
remain there, but fell back to 104x at the close Of
business Saturday. The mercurial changes in
quotations which occurred between these extremes
were traceable partly to the hopes and fears which
grew out of the Congressional Legislation and partly
to an apparently we'll founded belief that the long
expected stock dividend would be declared at
last. Up to the present moment nothing has
been done as regards this matter. and, although
it is looked for tomorrow. there
speculative Burleighs shaking their heads doubt
ingly than there were week ago. dead set made
at Delaware and Lackawanna by short sellers on the
hand and by long sellers the other carried the
price down seriously and weakened the rest Of the
anthracites we'll Later in the week it forced
up again, the we'll worn combination dodge being
used as jackscrew for that purpose. The light in
fantry Of the market, composed of such stocks as
Kansas and Texas and Kansas and Pacific, rather
more than held their own. it being understood that
the former road would shortly come under the
troll Of Burlington and Quincy and the latter under
that of Union Pacific. The vanderbilts steady
and neglected the grangers weak and active and the
rest of the market uttering anywhere between these
two extremes.
The opening prices Of stocks on Monday last were
as follows Delaware and Hudson. 38h; Western
Union, 104z; Pacific Mail, 1914; Erie. 25h; New
York Central and Hudson. 116; Lake Shore, 70H;
Morris and Essex, s2H; Northwestern. So; do. pre-
ferred s5; st. Paul. 351; do. preferred. 80; Della
ware Lackawsna and Western. As; Michigan Central,
81; Rock Island, 1873; Wabash 2l,l New Jersey Gen.
trail, 35; Chicago, Burlington and Quincy, b113;
Kansas and Texas. TX; Union Pacific. 73E; Hanni-
bal and St. Joseph, lax; do. preferred. 4214. Ohio
and Mississippi. IL; Illinois Central. S0x.