The New York herald., 1876-08-01
FINANCIAL And COMMERCIAL.
Stocks Only Moderately ArdVs-Prnss Irregular and
Fluctuations UninPorant
GOLD LOWER-PRlCES liz IA A Ill rs.
Government and Railway Bonds Generally
Steady-Investmen Shares Quiet-M0ney
Easy at 2 Per Cent on. Call.
WALL STREET.,


The stock market in labor last week, appears to be
fortunate its than the mountains
OF the Latin poet
The ridiculus of activity has turned out to be
very small deer. indeed and has pershed in the work
Of its nativity. Naturally OF feeble const uton and Of
eongenital weakness It did not exist long enough de-
spite the attentions OF second class Sairey Camp
operators) to lure the speculative magnacs, who are
food ahed, back to their accustomed place on
'Change. The squirt a sharp one for the time Of
year. but 1t has iaded rapidly as If it belonged to
an eRhtoar university she'll So we are toned down
again to the monotony of brokers' market and TO the
professional wrangle inani,esimal turns.
At the start this morning tho yaup from throats
Treshened by Sundays rest was decidedly toward
higher prices and with Lake Shore and Michigan Cen
Iral as the keynotes the whole active list chsnted
10 rising scale
One-haf to thrcequarters per cent however, marked
tho limit OF the improvement, since before the day
was half over the music IN the board room air was
rather that OF drgo than pDan, as stocks slowly
settled back to opening prices,
The pause in the previously existing interest In the
coal stocks has left the market without any central
attraction controlling influence, and the usually
active specalties left to SHIFT for themselves, like
ship at sea without compass or rudder
After twelve O'Clock there was second rally, which
pIoVeu 70 nave no Detter staying QuantleS tudn the
hrst for after a period Of quetude there resulted q
general weakening all round and closing up at three
o'clock that was feeble and unsatisfactory
Undoubtedly the prevailing feeling is toward still
lower ngures but the bears chary OF backing their
opinions by any important sales for the short account
and prefer to talk the market down to acting. Many
shorts in tho coal stocks still remain uncovered
shown by the tax on borrowed stock, which daily
ranges from l32 to q per cent condition OF things
which might give rise to lively scramble II sharp
upward twirl should be attempted.
Meanwhile the unfortunate holders are making
the best OF bad bargain by extortng meagre stipend
from the borrowing BEARS and are hoping, in spite OF
The drenching they have received, that the shower
nearly over and that there Is silver lining somewhere
in the CLOUDS, black though they TO be.
s Money still continues q drug at two per cent and Is
likely to remain until crop movements givc II
ployment Meantime it IL anything but auspicious
sign of tho revival of trade disposition
gage legitimate commercial enterprises, In the ab-
of which there sorry outlook for sustained
Improvement the Stock Exchange
THE SALES TO-DAY.
The transactions of tho Stock Exchange to-day aggre
gated 9s 1926 shares:-Erc, 14o; Lake Shore 37
Northwestern, 1900; Northwestern preferred 500;
Rock Island. $685. Pacific MAIL 15O0; St. Paul. T. 700;
St. Paul, preferred, 1880; ohios, 100; Western
Union 300; Wabash $50; Union Pacific, 100 Delaware
Lackawanna and Western, 100; New Jersey Central
8, 400; Michigan Central 200
OPENING, HIGHEST AND LOWEST PRICES.
Tnc foowino table shows the openinp hiphest and