The New York herald., 1879-10-13
FINANCIAL and COMMERCIAL.
The Biggest Weeks Work Ever
Done On Change. ~
A BRIEF REVIEW.
WALL STREET,

transactions upon Change last week were simply
enormous. SURPRISING in magnitude those Of any
previous epoch In the history of stock speculation
With hardly set back worth noting, and never
rest the market has gone bowling along toward
higher prices without much thought much care
OF where 1t is going to fetch up or how. To tho
rampant Erie speculation is unquestionably at
tributable much Of the present activity the trans
actions for the week amounting to about
100000 shares, with fluctuations that COW
cred range of some six per cent and
gain at the end of like amount. With Mr.
Vanderbilt and Mr.. Gould bidding against each other
or believed to be doing by the street. which
amounts to the thing 1t is not surprising that
the game should be played with blue chips or that
the whole speculative community should be eager to
take hand In 1t also. Nor was the atmosphere of
mystery which the whole matter was enveloped
deterrent. but rather provocative, to speculation
There rumors plentiful as blackberries. but
the truth hard to get at rs though 1t were still
ct the bottom of well and the buckets gone. Early
In the week 1t was thing. in the opinion of the
street. that Gould had captured the road and thereby
secured his through route from to ocean. but
later ON it became equally suro that Vanderbilt had
achieved the feat and with this latter impression
its mind the street adjourned over until Monday.
Next to Erie the coal carriers secured the greatest
attention. There was a similar doubt here also, but
referred to the prospects and probabilities of the
much discussed combination. Tho chances SO
good ut time that the two Delawares, Jersey
Central. and Morris and Essex moved up in the most
brilliant manner, the Improvement ranging from 3
to per cent. Aferward. however. when Mr.. Packer
showed his jibbing propensities by refusing to
sgn-thereby throwing the whole team Of coal car
rers into confusion-prices yielded trine. though
At the end of the week they were about strongly
pkoA ottna Af PoNfkh kho lon{t-
mate increase in the price Of coal promises to
do for the companies what combination was
not likely to do-namely. set them their
legs again. Without particularizing. 1t is sufi-
cient to say Of other stocks that they were
higher almost without exception, and retained the
advance ut the end. The large earnings of the ex-
press companies brought them prominently forward
ut increasing values. and for the higher
prices were made for the telegraph stocks. Gu
rous feature in the present Is the resurrection
of defunct properties which have boon buried out Of
Stock Exchange sight for many day. Yesterday
the body snatchers of the Board dug up Boston.
Hartford and Erie and Atlantic Mail. and putting
price each set them up in the market place. re-
gardess Of the fact that they were stencil in the
nostrils Of the community years ago and are not
likely to have grown any more savory since.
The sales of the week at the Board foot up the
enormous total Of 26l, ,76S shares. OF this number
Now York. Lake Erie and Western alone makes up
1,044.152 shares. The total amount Of this stock
outsta iding is only 100000 shares. Delaware.
Lackswanna and Western came next in the order of
activity the reported sales of that stock amounting
to 25a,3OA shares. the whole stock OF the COM
psny outstanding being $4,000 shares. Then
comes Chicago and Northwestern. with sales Of
l96.2O5 shares OF common and 1896 Of preferred
stock. the whole stock being only 1856 shares.
Fourth In order Milwaukee and st. Paul. with
a record Of 17s.690 shares of common and 8.991 of
preferred stock dealt in the whole stock outstand
ing being only 154O42 shares. New Jersey Central
sold to the extent Of sos shares of its whole
stock of 175 shares and Of Missouri Kansas and
Texas 30s shares changed hands, tho whole stock
being ,05O shares. These wero the only stocks
which sold to tho extent of 100000 shares although
Pacific Mail and Ohio and Mississippi pressed close
upon that figure. Tho following table presents
complete epitomc Of tho weeks transactions and
fluctuations, the closing hgurcs Of the previous
week being furnished for purposes Of comparison;-