The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-26
FINANCIAL AND COMMERCIAL.
Review Of the Stock Market-A Dull
Week and Irregular Prices.
DECLINE IN GOLD.
Capital Drug and Money Rsy--Ths Movement in
Railway and Government Bonds Mining Intelligence
WALL STREET, I
lima 15 1870. 4

STREET,
SUNDAY, June rs, 1876.
There are few events of sufficient importance 10 be
posted IN the ledger of the week.
Business the stock market has been unusually dull
showing indsposton on the part Of those whose
capital enables them give real strength and consist
ENJOY the market join in what is clearly gamble
between few local operators Brokers' Offices are
comparatively deserted, clerks Idle, expenses are
sooumulalns, and the feeling Of depression is almost
universally
So far as speculation 10 concerned-such isthe
principal feature the strength OF the granger
stocks which were marked up point that enabled
not few Of the ancient holders to realize fair profit
for their patience Increased earnings reported
these lines the result Of sharp movement OF grain,
and the apont'' has undoubtedly been well utilized.
Tho compactness of the ciques engaged in manpulat
ing Northwest and St. Paul is the chief secret OF their
success
In other securities like Western Union, Pacific Mail
aud Lake Shore, the fluctuations have been more or
less suggestive Of acea tactics prices acting and re-
lcng obedient tho whms Of the bold players whose
little piles At stake. The "point" that dividend
will be surely paid by the latter continues to be freely
circulated. We obtain truthful information on
The SUBJECT New York Central remains quite steady
II los lo6 notwithstanding the unavorable bulletins
daily published concerning the condition Of the
able Commodore.
Tho contracts that have been made with this COM
pany by shippers carry freight at present low
until February and later, with the privilege OF
my further reduction that may be made regarded
IS nimical the OF the line and sug
yestivo Of determination to fight in the pending
the bitter end.
Much interest attached during the week to the err
attic Of New Jersey Central, which, after run
ling down TO 72s4, met by statement Of President
Johnston that things not bad they might DO
md promise to be great deal better, whereupon the
i'shorts" rushed in and advanced the figures
10 7S subsequently It further declined, but at the
close presented the evidence Of sustaining power by
rallying TO 755s Delaware and Lackawannn likewise
suffered from depression in the early part OF the week.
The opinion apparently being freely shared that bottom
been reached In any ofthe coal carrying stocks
The Michigan Central party succeeded in putting their
avore up to 40 and predicting yet higher figures
but in the face OF summer market and the absence
OF legitimate demand for even the specalties Is
difncult to what grounds permanent upward
movement take place at the present time in any
stock on the list
II is but to say that there is small constituency
Of prophets Wall who do look on the ex
listing situation through the goggles Of melancholy and
their friends avail themselves OF present
low prices by buying along the hner be prepared
for an autumn rise. While this sangune are
Themselves openly setting the example, and
simply eloquent 10 the audience that surrounds the
stock indicator the Of the result makes
prediction plausible, and ID worth remembering. Your
small operator however, is generally too impecunious
70 walt large profits take the chances OF three
or i've per cent decline against advance Of ton or
fifteen Der cent three months hence He
Counts time by purse thr3bs,
Not by figures on tho DIAL
THE TRASAAcTioNs OF WEEK
rho following table represents the opening highest
and Sales regular way, Of the principal stocks
during the past week, together with the number OF
shares dealt inc