The New York herald., 1879-09-15
FINANCIAL And COMMERCIAL.
Events of the Past Week
Down Town.
THE RISE IN VALUES
WALL STREET,

SUNDAY. Sept. IA, 1879.
Saturday afternoon finished up another six days
s'go you please contest for higher figures on
Change. and as 1t pleased everybody to go way,
and there was serious opposition to the general
progress. almost everybody turned up winner Of
some sort Of q prize at the end of the week. In
other words. the advance movement continued
without let or hindranoe, and it was forsaken
stock indeed that did not make some degree Of
Arithmetical progression between Monday morning
and Saturday night The movement was very
general one moreover. by no means confined to the
Srstocratic dividend payers. but affecting the pie
oeian and off-colored fsnces az well. In some re-
pects the latter did better than the former for while
such stocks as the grangers. Central and Hudson
Rock Island, Lake Shore, Michigan Central, Western
Union and others of that k did not attain to an i'm
provement of more than three to four per cent.
such gossamers Missouri Pacific. Indiana. Cincin-
natl and Lafayette Mobile and Ohio and few others
of the Southwestern variety nearly doubled their
quotations although from the smallness of their
figures required but the simplest arithmetic to do
Still another class OF stocks Of confessed present
prospective merit. such as Illinois Central,
Chicago and Alton, Boston Air Line and Iron
Mountain was brought into unusual promi-
nence, scoring o gain of from five to eight
points. While the steady Improvement in all
matters relating to trade and commerce is CIV
ing the main impetus to the general market
there are special reasons helping it in add-
ton. Among those may be cited the appearance OF
Gould upon the bull side and the support which he
Is lending to the Wabash road and its Kansas extern
sions the reconstruction OF the Southwestern pool
the large increase in the Western Union Telegraph
receipts. which, il they do not flow into stockhold
ers pockets in greater volume than expressed by
AK dividend. are nevertheless, most satisfactory
of hOfq
expansion Of the iron interest pretty correctly in
timated by the traffic of the Iron Mountain road;
the heavy transportation of produce over the trunk
lines and last. but by means least the relaxation
In the rates for money, brought about by
the enormous shipments Of gold to this
country. The only stocks which exhibited hesita-
ton and thereby kept spectators upon the anxious
seat the coal carriers. There has been plenty
of chaff concerning o combination. but so far not
grain of wheat There is great diversity Of opinion
to the probabilities of one being made. and it ap-
pears to be held by the coal managers. we'll by
the public at large 1t is probable. however. that
something will be done to limit production. with
the reasonable hope that the increased demand af-
forded by the foundries and manufactures daily
sprnging into life will advance the price Of the
output. Were this advance limited to only 81 per
ton it would still represent In the aggregate sum
Of $25 900 added to the years receipts and would
probably enable the companies to pull through
with comparative comfort. In State bonds there
was little or nothing doing, speculators and inves-
tors who have q fancy for mortgages turning their
attention to the railroad issues. In these large
business done the activity in the different sorts
being to great extent measured by the activity of
the corresponding properties on the share market.
The final changes OF the week in the values Of
leading stocks are shown in the following table of
closing prices Of yesterday set against those Of the