The New York herald., 1876-09-24
FINANCIAL and COMMERCIAL.
The Stock Market Dull and
Prices Uneven.
GOLD FIRM AT Ito Is A 10.
Money Easy at and 1.2 Per Cent-Goy-
ernment and Railway Bonds Steady
The Bank Statement
WALL STEEEr,

SATURDAY. sept 23-O T.. 81 !
Tho market 'drags its slow length along" like
wounded serpent OF the past aimlcss and eHortless
save directed by the will OF a few leading minds
The comparison apt one for few spectators
thero that have not at time another felt tho prick
OF tho scrpcnts tooth, been iured like Eve.
ugly scrare, by listening to its Establishments and
promises This experience has had its natural
quences The specuaiorsot OF five years back have dis
appeared, together with their dollars. The game OF
'heads win, tails you lose" may be exciting, but
Is scarcely profitable except the suegcster Never
theless, was 10 such gamble that the public
invited, and, In accepting, did SO TO their cost
IL 10 an axiom with the street that ''outsiders"
vSriably lose money he few exceptions simply provo
tho rulc and the history Of the last decade confirms
its truth Hence wncn the nnarcial tide began run
sbb after tho war; when the flush days were over, and
the candle burned at both ends getting aarmingly
Short and rercnchm me became the order OF the day
tho pleasure OF losing money IN stock gambling
was gwen with other iuxurics which the specuator
eould not afford In normal times there is generally
hill supply OF fresh recruits 10 step into the ranks
tho worn out veterans. aud with inexperienced
youth and pcthorc purse, NIL up the gaps the killed
and wounded Just now all this is changed. The pen
piIess veteran ''lags supcrHuous the stage"
The jeunesses dord are upon paper basis, consisting
mainly OF l. 0. US, not available to brekers
~
experience the past The poverty of tho present
there but few individuals not directly professional
who havc either the courage or tho means to enter
Wall street with eye to business
The result Is patent in each days proceedings.
Business ~ is nothing more than huge gamble par.
tcipated in by bankers, punters and croupers who
svo professional in their way as the same kidney to
be found at Monaco. rise or fall in the market is
significant OF nothing than that twirl has been
given 10 the wheel with the certainty that the ball will
stop whero it will do the good TO tho operator
This condition OF things prevailing 1t is clear
enough why the Stock Exchange hesitatcs and halts
In the general look up in trade matters is left like
q lcpcr a: the wayside
Yesterdays moderate transactions made in the In
terva of fdulness and horse play succeeded this
morning bv continuance Of the spiritcss
market After opening fairly steady, prices slowly
dropped as the buying movement ceased, without
ctcmcnt interest and only noticeable for tho slight
fluctuations recorded in the tables below. New Jersey
Central was, perhaps the stGest Of the list and in
respect helped the mortgages OF the coal roads
generally, the various issues advancing sharply to
good demand.
Liko tho midsummer Saturdays, which to all ntents
arc half-holidays, to day was dull and unevcnfuL
TO-DAY
Tho transactions ut the Stock Exchange today ag-
Rreeated 81, 100 sharcs-New York Central and Hud.
son. O6O; Lake Shore, 7,s2O; Cleveland and Ptsburg
l43; North western loO do. preferred, l,4oo; Rock
island llO0; Pacific Mail, s. loo St Paul. $3.50; do
preferred, 400; Ohos, 6,l25: Western Union, 12oo
Wabash, $50; Delaware. Lackawanna and Western.
1850; New Jersey Central $50; Michigan Central,
2eoO; Delaware ana Hudson Canal, $40; Harlem / $50
OPENING. LOWEST
Tho following table shows the opening, highest and
loweat prices O the day