The New York herald., 1876-08-17
The Market Dul, but Speculative Securities
Generally Firm.
GOLD Ill 3-S A Ill Ia
Money in Abundant Supply at | and l-2
Per Cent-Government and Railway
Bonds Steady Investment Shares
Shade Higher.
WALL STREET.

WEDNESDAY, August 10, D T. NJ
The bull party has called the schoomastcr from
abroad and set him to work teach the street that
The benighted days OF sinking values are passing
away and that the future radiant with the sunshine
OF restored confidence. Be these teachings true
false they having their effect Board room feel
Ing, lately entirely bearsh is sensby veerng round,
and 1t is not yet positively directed toward belief
In an upward movement it has lost faith IN down.
ward one The result far has been to close up
large proportion of the short interests and TO reduce
the bears to the pastme of sucking ther paws
while they remain in state OF mas
tery inactivity As We remarked yesterday,
the only policy open holders of stocks
Is to foster advancing scale Of prices until conf
dence has been begottcn and market made nigh
enough 10 sell on. The nrmness with which quota
hons maintained from day to day. and belief that
affairs bad they are likely to be- are gradually
producing this wishedor result, result to be CRATE
fully Acknowledged though its history be
unsatisfactory that OF the rocket and the stick
To these causes may be added certain feeling of
security. that Congress has Aceascd from troub
ling and that all nnkerlng with trade and finance
rest
With reduction OF one-third from yesterdays
aggregate of TRANSACTIONS there positive increase
of stiffness IN figures although there occurred decline
in the hnal hour when the clques essayed TO SELL OF
a per cent all round. Ia the ST. Paul properties
the reaction serious, the closing prices
being not good as the opening one by halt point
Erie, which has had a cold shoulder turned to it, and
so much cold water thrown upon it for so long time
back got its head above the surface to-day and struck
out to the lively OF Ii 800 shares-fairy the
loader of the market revival of the od story,
pointing "A reconstruction OF the concern by an as
OF 50 per share, was used to mark the price
MP from l3Ss TO 1is.. Apparently faith IN the report
was of the abiding sort, and waned with the hours
Tor al the close IL was rather weak than
etrong while fraction OF tho advance had disap-
pearcd. Michigan Central and Lake Shore have
gone yachting, Western Union is At Seabrigh
md the spas and Rock Island and Northwest
browsing in the Broad street back Office There was
rs little business in them would be found for
dentist poultry yard, and as little remuneration.
Money on call sunened up time to rs per cent,
but later in the day reapsed back to the accustomed
rate of1k
Capital still continues TO end its way up stairs into
the bond ROOM all drafts of railway mortgages being in
demand at advanced prices The sooner part of the
stream is directed toward the active share list the
sooner will arrive those pleasant days so earnestly
Ionged for by despondent bondholdcrs.
THE SALES
The transactions at the Stock Exchange to-day
aggregated 45 l25 shares-Ere, H. 500; Lake Shore,
$500; Northwestern 200; Northwestern preferred,
500; Rock Isla7d s. 400; Pacific Mail, 100; ST. Paul.
!, zoo; ST. Paul preferred 1900; ohos 500; Western
Union, 1900; Wabash, 300; Union Pacific, 375; Della
ware Lackawapna and Western, 4,335; New Jersey
Central, /, 2e0; Michigan Central, 800.
OPENING, HIGHEST PRICES,
The following table shows the opening, highest and
49,.