The New York herald., 1874-10-09
FINANCIAL and COMMERCIAL
A Dull Day in tho Stock harkst- Another
A Display Of Weakness
GoLD-THE GOVERNMENT SALE.
Influences at Work in the Street-A Roor-
back Concerning Lake Shore.
THE MARKET GENERALLY UNExCITED.
WALL STREET,

WALL STREET, /
THURSDAY. Oct. 8+6P N.
Until near the closing hour to-day the stock
market was without feature. Prices advanced
ana receded on dull tide, and the fluctuations
were 80 slight as TO elicit comment, and as COM
pared with recent transactions but little business.
Without being absolutely feverish the speculation
was cautious and the various purchases and sales
were watched with more than ordinary interest
to discover, II practicable, the development OF
any new change pointing to the future course OF
prices. In other words, 1t was q condltt0n Of al.
fairs which, for the moment forbade either sharp
advance or decline. and In almost the entire line
OF stocks 1t was observable that the vibrations
were within an average range OF y per cent. The
exceptions will be noted hereafter. The MARKET
therefore, up to two O'Clock, may be described as
steady rather than firm. After that hour new
deal was made, and the sale Of lot OF Lake Shore
was the signal for general fall In prices, in which
more or less Of the old fright was exhibited.
Several who were long OF stocks and had
been purchasing earlier in the day fastened
to unload, and there was somewhat OF scramble
at one time In the desire to be drst out The
event shows that the market has but little real
strength, and that II operator is bold enough TO
throw few thousand shares on the Exchange he
may for the moment force decline. There Is Q
growing feeling Of unrest, and unless the railroad
earnings which are the backbone OF Wall street
speculations, make q better exhibit In the move
ment OF the fall crops than they have done here.
tofore the sustaining power OF the market will be
lost and we shall return again to condition OF
pure "dry rot.n
THE RANGE OF PRICES.
At the opening prices were lower compared
with the closing quotations Of last night, Erie
showing a decline Of TX per cent, IN sympathy
with the weakness in London Subsequently
Erie rose from 82x to 33A and Northwest from
89X to 4oI the latter closing, however. at 39'l.
Western Union advanced from so to S0H, but in the
late dealings sold at 79X. Pacific Mall opened at
ls, improved per cent, and after selling
at TX ended at 49, Lake Shore opened
at 81 improved q per cent, but went or to sok at
the close, the lowest price Of the day being S03s
Wabash showed the extremes OF s3H s3X. Har-
lem was steady at 129x a 12sX. Rock Island
opened at 1oa, sold up " down to 1o2X, and closed
at the last figure. st. Paul opened at "a, advanced
x, and receded to ssX, the closing price. ohio
and Mississippi went or from 29H to %, ending H
better. Union Pacific opened at SO, advanced to
8ox, fell Off to 35H and closed at 35ss c. G. and !.
@. sold at II q 11H o H. Panama ranged between
l10H Ill 110H. 1t will be seen from the fore
going figures that the market yielded to depres-
sion at the close, and without apparent cause, for
OF romors there were none traceable to fountain
head and these OF late have been the staple stimu-
lants OF every success or disaster in the street.
The extreme range OF prices in stocks and the
nbo~n n{cbo cn1A Aoro 90 folln