Year: 1877

REVIEW OF THE WEEK.


The bull speculation which Tor many weeks has
been running like express train, surmouning the
grade 10 higher prices with that has surprised
the engineers themselves, seems TO be holding up at
last though the iuel might be giving out or the ter
minus Of the journey reached Even the stock mar
ket cannot like financial "Poor Joe, " be made to
"move on withour breathing spell occasionally; So
after all the present stop may bo simply a halt for
sssecond wnd.n The present week will probably de-
eide as TO whether further impetus will be given to
prices or whether they will be permitted TO crystalline
into a dull steadness which will ultimately
be regarded by the public as true ana
ncalthiu condition oil things. Up 10 the
present moment the public has been inclined to
look upon participation in the movement a
turesomc attempt TO skate thin leo and have
cordingy kept at safe distance If they approached
the market at all 1t sell rather than TO buy. To
reverse this feeling and convert the public from
enemies into allies, correctly from sellers into
buyers 10 just the problem before the great bull
leaders With unexamped amount Of stocks held
or margins Though backed up strongly the situation
might become critical in the event Of somc
expected unavoidable hitch. sharp rates for money
during the fall at least to be apprehended and this
is always bugaboo weak holders who apt to fly
prccipitately, throwing away their impedi.
menta of shares they 20. Such cit.
uaton becomes at once embarrassing to
the bull leaders, for they forced either to pick up
their jesam and losam and add 1t to their already
ovcrwcighed cargo or crying Sauce Qui peut follow
the example of weaker brethren at the cost Of
disastrous break in the market OF course distrbu-
ton of their holdings among outsiders particularly If
these latter como invesors affords reliable safety
valve ard which 1t Is very desirable should be
established So far 1t has not been established and il
is difficult SEQ how it Will be- in view OF the fact
that the various arguments as to revival Of business
great crops increased earnings Of railroads have
already been used TO tho fullest extent The managing
bulls, however are fertile IN expedlents. and
it will be remarkable II they do not devise
some way Of escape from the dilemma with
out being pricked by either Of the horns. The
week just passed has gathered away with its pre-
deccssors, with single financial feature to mark
its existence During the first three days prices
well sustained and even advanced fraction; during
the last three tendency to weakness was apparent,
and figures sioughed of in moderate degree. This
latter may be attributed correctly to attempts made to
realize upon part Of large holders, who from time
to time stiened the market before solling, as sur
geon stimulates paticnt before performing an opera
ton This done by directing attention to the in
crcasng earnings and high freights for railroads. tho
advance In the telegraph tariff and the better market
price for coal Tho result was rather short wi nded
however, and the rise was quickly pumped out, for
the Market like a horso that has been made to 60
the pace, quickly showed signs that there were
sbeows to mend" 1t is PLAN that it will be no easy
matter to market STOCKS just at present the bull
clique proper is attended bv host OF mpecunous
camp followers who ready to cut and run at tho
first fusilladc and may have it in their power to
stampede the whole army. TO guard against sucn
dangerous element appears to be one OF the chief
duties Of the great bull leaders at the present time
TRANSACTIONS WEEK.


The following table represents the opening highest
and lowest salos regular way, Of tho principal stocks
during the past week, together with the number OF
sharcs dealt in:--