The New York herald., 1876-07-12
FINANCIAL And COMMERCIAL.
The Stock Market Still Dull and
Prices Generally Lower
GOLD Ill 3-4 4 Ill 7-S.
Money on Call Loans and = l-2 Ter Cent
Government and Railway Bonds
Firm Investment shares steady
Foreign Exchange Strong.
WALL sTrrsr.
TrlspAY. July IL 4 ". 4

wAA srrrsr.
rrKsDAy. July il-5f NJ
The interest Of the majority Of operators to-day was
concentrated upon Western unioa And Lake shore.
both of which at an early hour evinced symptoms Of
weakness, aud In their subsequent fall carried with
them Of the market fhc event has MOI teen
unexpected Tor the ncs gradually da~ued upoa The
minds OF the obtsse that The recent riss was
mere sham-the arace OF fow s,rops operators ~ho,
by means OF a species Of reciprocal motion. pamped
prices figure which they hoped the usually cred
ulous public would step aud relieve them Of their
load Partially these gentlemen may have been sue
sessfu but the game has been apparent IN ia ssF
ou stages deceive any considerable class Of baycrs
As prices have asccndcd stock been rzact on the
pool IRON all quarters and the latter In scdeiencc
have been obliged 10 stand and take the shower or
suffer tho consequence Of decline The inoyemsnts
h the day seem to ind cate they have got enough
The only fear that the unwary will be induced
70 make large short interest and, encouraged by re-
eeding figures, give the heavier spectators
an opportunity to come In aud twist the market Lett
10 itself the tendency Of the latter ~ do~nward and
after . while IL may be safe enough to commence
buying at lower figures Nothing would please the
bulls more than TO have people begin buying now
The course OF leading stocks has been rs follows;-
Western Union opened at 71,s, advanced "a per cent
sold down to 695s made desperate rally to 'oA but
again yielded 697s and closed at 20 II may be a
matter Of news to many that on the announcement
that Judge Donohue had ordered reference In the
matter OF the injunction to ascertain the truth OF the
complaint u large number OF shorts notified to
deposit the amount OF tho duo biils which they had
rven for the dividend, in the trust companies in
eordancc with article Is of the bylaws OF the Exchangc
which reads follows 1.-The party entitled TO tho
dividend shall have the right to require deposit In
trust mpany payable to the joint order OF tho pur
chaser and seller OF the amount Of such due biil"
Lake Shore started of At 56, and kept up It's pace
backward, without reaction, until IL touched 5Sss
when it rallied to S. halted for breathing spell, and
then stepped oil again to 55as.
Michigan Central sold from 5oi4 to a91S, decline
since yesterday OF per cent Pacific Nail reccdcd
from &c to 25ss on q small business. Eric compar-
Atively neglected and ended at 141.
New Jersey Central was firm at 72,s rex. the nrst
being also the last price. Delaware and Lackawanns
opened ut 1o01a, to 1U14 and closed at lO0A.
sale OF 500 shares made ut par seller 60 days Tho
granger stocks declined from y to Il OF per cent
Delaware and Hudson Canal dropped OF to 107. Ex-
press stocks and investment shares generally
steady.
SALES
The transactions at the Stock Exchange to-day
aggregated 81. 700 shares:-Erc, 300 Lake Shore,
lS 600; Northwestern, 200; Northwestern preferred,
l,so0; Rock Island 1907 Pacific Mail, 800; ST. Paul.
500; ST. Paul preferred, 1000; Ohios, 200; Western
Union, 10 900; Union Pacific, 250 G c. ana G., $50;
Delaware Lackawanna and Western, 8 3540 New Jersey
Central. 1900; Michigan Central 1000
OPENING, HIGHEST AND LOWEST PRICES.
The following table shows the opening highest aud
lowest prices OF the Quy.-