The New York herald., 1879-03-17
FINANCIAL and COMMERCIAL.
Review Of the Week---Stock Specula-
tiOn Dull and Quiet.
THE MONEY AND EXCHANGE MARKETS.
Investment Securties---Govemment State
and Railroad Bonds.
WALL STREET, !

Business the Stock Exchange last week
dull and sptritless There little Of Andalusian
fire in the bulls grizzly ferocity in the bears
and under this tempered and tanned spirit specula-
ton grew sluggish and excitement cooled down to
the point The pedestrian craze. which seems
to have affected brokers end bummers in equal de-
gree; the absence of certain prominent operators,
who had transferred their inquiries into the natural
history of "lame ducks" from the Hudson to the
Chesapeake; and. above all. vague apprehension of
tight money market In the future, acted
many dcterrents to speculation and reduced matters
to the dcadly-livey condition of brokers' market
In the early part of the week prices declined moder
ately. in the middle they became steady and at
the end grew strong and developed upward ten
dency. This latter condition unquestionaby
due to removal Of the fears as to the money ques-
ton (Mr. Secretary Sherman's letter giving as
surances that the Treasury would only call for
rency 1t neoded and to the less threatening ap
pearance OF the bank reserve these being taken as
evidences Of continued in the money market
Nevertheless the settlements to be made with the
government during April. on account of the per
cent loan, added to the usual country liquidatons
which occur at this season, very formidable and
promise to create at least temporary stringency.
1t does not appear probable, therefore. that any
cered bull movement will be inaugurated until this
Scylla and Charybdis shall have been safely passed.
although, from the strength with which lead
ing stocks held it is still more improbable to
poet serious decline With this view of contingen-
ces venture the "tip'' that for some weeks to
come the market will remain quiet and steady and in
the hands of the smaller operators Speculation
during the week inclined to desert from the
heavy artillery of the market to speak, and attach
itself to the service of the infant brigade which Is
composed of low priced stocks It happened. there.
fore, that such stocks Wabash, Kansas Pacific,
Kansas and Texas aud Louis and San Francisco
brought to the front and put through the PAGES of
lively advance movement. rise in Canada South
ern of per cent, in Northwestern common OF per
cent and in Rock Island of per cent the fea-
lures Of the week on the bull side Of tho account
In other securities deslngs restricted and with
out animation. and consequently call for special
comment.
The opening prices Of stocks on Monday Inst
as follows:-Delaware and Hudson, AZ Western
Union. 104a; Pacific Mail. 139s Erie. 254 New
York Central and Hudson River, 116; Lake Shore
71L; Morris and Essex, s4ts; Northwestern, 53ts;
Northwestern preferred. s5S; st. Paul. 37ss; st.
Paul preferred. s1%; Delaware Lackawanns and
Western. 4s1s; Michigan Central. sly; Rock Island
bl3o; Wabash, 2Os; New Jersey Central. 3s1s; Kan
Pncifc. 221s Kansas and Texas, 9% Union Pa
ciAc. 74,I; Hannibal, and st. Joseph, b14A; Hanni-
bal and St. Joseph preferred. b43i4; Ohio and Mis-
sissippi. BILL American District Telegraph, 44i4.
~loc rda