The New York herald., 1874-07-14
FINANCIAL and COMMERCIAL.
A Dull and Unsettled Stock
Market.
GOLD @ U L e T.
M O N E Y H A - Y.
WALL STREET,

MONDAY, July 1916 p NJ
The markets here to-day developed little that
was new In the shape OF instincts. Effort was
made to further depress trade by grasshopper and
other influences operating upon the crops, as well
as BY recent announced failures In dry goods CIR
cles. The former influence is too far removed
from Wall street and too little regarded outside OF
scientific circles to seriously affect values without
clearer demonstration Of a hurtiu result than
present anticipatory reports, while the latter
on examination to be comparatively light and
such as would in period OF greater confidence be
wholly dsregarded. Failures of Individual houses
In the dry goods trade at the present time are
only
SOME OF THE POSTPONED RESULTS OF THE RECENT
PANIC,
but have In them thus iar suggestion of new
danger. In general dry goods circles the tone is
confident one, and an active fall trade is looked
forward to. These were about the only new
thoughts on the subject of current business on
the street which that business supplied to-day,
the Currency bill, the prospect OF railway earn
tngs, the new movement IN respect to recon-
structed freight tariff, having all been seemingly
exhausted so far as they could be used on the
'bear" side OF the market, and there being ap-
parently no ''buls' TO interpret them on the
other side. Thus
SPECULATION on THE STOCK EXCHANGE
tO-day langushed, there not being, apparently,
vgor enough in either side OF the market to
make squirt. good deal Of this was
owing to the counter attractions OF regatta
week at Saratoga, which Is rapidly depicting the
street. This, IN connection with the second
heated term, Is enough to drive everybody of the
Stock Exchange. There has been a considerable
business done in Erie of late, owing to the circum
stance that 1T has ruled higher than on the other
side, and hence offered slight profit. This is sup
posed to have resulted from leakage respecting
the forthcoming report OF the English examiners
to the effect that the road was not in as bad con-
dition as had been represented. Time alone can
settle this.
THE STOCK MOVEMENT
to-day comprised an early advance Of X to x per
cent, which was lost later, after the first board,
except in the case OF Lake Shore. Large pur-
chases Of this stock advanced the price from 72H
TO 73H. in the face of eports strongly conflicting
with the expectation OF dividend, and the rest OF
the market was moved up in sympathy. In the
afternoon the market was dull ana the fluctuations
slight until after the second board, when decline
of 4 to 4 per cent was marked, western Union
leading, In drop from 72ss to ~. Before the
close the market stnened In sympathizing with a
further hardening OF Erie consequent on ad-
ditional statements Of favorable report on the
part OF the English examiners, the chief having
sailed for England on Saturday. This was likewise
helped BY bids OF ~ per cent for the anticipated
Lake Shore dividend. The total OF the days
business was, however, small, comprising only
100 800 shares, distributed as In the SubjOned
Sable, showing
HIGHEST LOWEST PRICES.