The New York herald., 1876-08-16
FINANCIAL AND COMMERCIAL.
The Stock Market = Prices
Steady and Firm.
@ @ L D, III g. 8. +.
Government and Railway Bonds and Invest
ment Shares Generally Firm-Money on
Call | and l-2 Fer Cent.
WALL STREET,
TUESDAY, August 15--6 l.. A.

TUESDAY. August 15-6 /. 81.
ClQues in tho market to be Impressed with the
truth Of the adage that ''if Bark good dog Hold
fast is better and applying the sentiment to the
stocks they have hand The profound torpor in
speculation, and the nonexistcnco OF IA purchasing
public render the marketing of their holdings at prices
which will avoid loss Eeary inpractlcaplc ana the
only recourse left Is TO 'hod fast' until moro Ia
vorable opportunity offers. This difficult mat
ter when stocks DO carried at an annual
rate OF interest OF 2 per cent loaned at
and T. or when money is to DO borrowed at
the latter rate for the rest Of the year. Hence,
with tho hope of something turning up during
the fall, which will make things a little more rose
colored than they arc now, the clqucs seem content
to keep tho market to fair degree Of steadiness, re
ssting decline and fostering advance, when cir
cumstances permit Hence have tho dull, drcary,
inactive, but firm market Of the day.
That stocks in hands strong enough to hold
them under ordinary circumst 1t is sufficient to
refer to the Kennedy party that controls Rock Island
and Chicago and Northwestern: to the Mills comblna
ton that is reghtcd with Michigan Central, Lake
Shore and St Paul preferred ian assorted cargo that
will require some expert stevedore work to unoad)
and the wanderers from the Pacific coast who have
strayed into Western mankind does into matri-
mony 'ior better worse"
Such the age nces in the market slumbcrnS, per-
force, just now, bu: presenting condition which is
lected in the contracted dealings and feeble auctua-
tons which make UP the days history.
This mornings session the counter part of many
preceding ones Early dealings characterized by
o good degree OF frmness, which gradually worked
improvement along tho whole line, the rocllcitrant
coal stocks even, turning up smiling. with patch to
hide their black eyes, as If nothing had happened
Later the inevitable recession which follows an
attempt TO SELL and subsequently, o second turn up
ward on the administration OF the necessary stlmu-
ants by tho cques
At these improved figures with few exceptions the
best of the day. tho session closed grand total Of
business OF 600 Sares Tho appearance of Gould
the street. like comet in tho sky was ookcd upon by
some as portcndlng fresh speculative convusion, but
up to the close there perturbatons in the
financial atmosphere that bore this anticipation.
Brokers are still mystiied TO Gould's position In
regard to Western Unon and he does volunteer
to open his books 10 their nquiring minds they
liable remain doubt with liberty to guess the rid
die at their leisure Union Pacific shade of on
transactions of 700 shares and tho street not
6dcnt that the Boston people anxious TO make them
selves the scapegoat OF Mr.. Goulds inoi-
bus however agreeable the transfer would be 10 tho
gentleman himself
THE SALES TO-DAY.
The transactions the stock Exchange to-day aggro-
gated CO. 775 shares Erie 200; Lake Shore, 1900;
Northwestern, 800; Northwestern preferred. 1,4O0;
Rock Island 46sO; Pacific Mail $500; St Paul. 1900;
ST. Paul preferred 9, 800 Ohos, 6,200 Western Union,
o 100; Wabash 200; Union Pacific. 725; pelawarcs
Lackawanna and Western. $780, New Jersey Central,
5000; Michigan Central, $3.50
OPENING HIGHEST LOWEST
The following table shows tho opening, highest and