The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-16
FINANCIAL and COMMERCIAL.
The Stock Market Dull and Weak
A Summer Days Business.
GOLD STEADY AT III II.
Government and Railway Bonds Firm-In-
yestment Shares Steady Money on
Call Loans and 2 1-2 Per Cent
WALL STREET,

=
II the two pigeons which nuttered into tho Stock
Exchange to-day through It's open windows conceived
shat their appearance would be greeted in the light OF
4 presage OF coming events, angured by the
flight OF birds the old Roman times or II they
ympy desired to pay their respects to such OF their
kindred as might be present. they mistook their
vocation. Brokers are the reverse OF super.
s,itious and gain satisfaction from the examina-
tion OF BIRDS vscera unless II be in the
Bhape OF woodcocks trail on toast, and MS for
The genus Columbia, every Stock Exchange pigeon
plucked long ago, and there is not seductive salt
enough In the whole street to capture the
turcst OF squads So gallinaceous friends having
nuttered in futercd out again. probably discoursng
In pigeon English tho they had looked down
upon, but in no wise affecting the market In fact,
nothing did affect the market the whole day through.
Business was as stupid screaming farce' at
siety theatre and transactions prizes In
lottery
certain amount OF strength exhibited at the
commencement, for considerable amount Of orders,
which had been aggregated and bottled up over SUM-
uay were let loose upon the market like cork out OF
bottle, but the succeeding ecrvescencc disappeared
quickly the azz from spurious champagne. From
this time the close fluctuations marked by half
per cent variation The order OF the day. and the
amount OF dealings equally unimportant
Lake Shore opened at 547s, dropped to 54,s and
closed ut the latter price Western Union oscllated
from 66a to co.,. and finished up eighth better,
while Michigan Central received little attention
wallnowcr ut fashionable party, and oven this
uncompmentary, for II in the shape OF proposals
10 sell the stock under the market price, at difference
Of per cent tor sixty or cent for ten days Such
dealings took place confined to these stocks,
though Pacific Mail. neglected II was, showed
noticeable hrmncss, due. probably, TO a demand for
proxies and shares for transfer IN view of the APP
preaching election Tho sellers Of the coal stocks
to he dsinclined to push their contracts tho
short side OF the speculation since tho reuvencscence
of tho combination from possible apprehension OF
tumbng into some bottomess pit which the
panics might dig for them.
The intense dulness seemed to have blighted the i'm
Bgnation OF the rumor nonRers for they had no
tales to tell and, beyond whispering the probability OF
dividend on Western Union and suggesting bids for it
IT tho figure Of IA per cont their occupation
much gone uthelo's The appearance OF Jay
Gould IN tho street carly hour this morning
taken token OF something important
10 happen, and brokers stood like bounds
In tho slips ready 10 seize and worry tho
opportunity but no quarry appeared in sight and no
evidence OF game anywhere, unless II wcrc in tran
Scnt and spasmodic activity in Union Pacific, which
dropped of per cent from the best prices In two
words, the market OF today is but continuation of
thc brokers' market OF last week last month and
last year. The milking process SO well known IN the
board still continues and has been applied to both
bulls and bears, and although the most expert OF milk
maids might declare the operation impossible, for
physical reasons il Is nevertheless quite within the
power financially spcakingj OF the majority OF the
street.
rHE sALEs TO-DAY
The transactions at tho Stock Exchange to-day ag-
Ercgaied 6s, 800 shares:-New York Central and