The New York herald., 1876-08-17
The Market Dull, but Speculative Securities
Generally Firm.
GOLD Ill 3-S A Ill Ia.
Money in Abundant Supply at | and l-2
Per Cent-Government and Railway
Bopds Steady Investment Shares
Shade Higher
WEDNESDAY August IL. & =. NJ
WALL STREET.

WEDNESDAY, August l6, T. NJ.
The bull party has called the schoomaster from
abroad and set him to work teach the street that
the benighted days of sinking values passing
away and the future radiant with the sunshine
OF restored confidence. Be these teachings true or
false they having their elect Board room feel
ing lately entirely boarsh is sensbly veerng round
and If II is not yet positively directed toward belief
In an upward movement 1t has lost faith IN down.
ward one. The result so far has been to close up
Arge proportion of the short interests and to reduce
the bears the pastmc of sucking their paws
while they remain in state OF mas
terlv inactivity AS we remarked yesterday
the only policy open to holders oi stocks
Is to foster an advancing scale OF prices until conf
dence has been begottcn and market made high
enough sell The hrmness with which quota
lions maintained from day to day. and belief that
Affairs arc as bad they likely TO be- gradually
producing this wishedfor result result to he CRATE
fully acknowledged though its eventual history be
unsatisfactory that OF the rocket and the stick
To these causes may be added feeling Of
security. now that Congress- has @ceased from troub
ling and that all nnkerng with trade and finance is at
rest
With reduction of one-third from yesterdays
aggregate of transactions, there positive increase
OF stiffness figures although there occurred decline
in the final hour when the cques essayed sell, OF
!, per cent or all round. Ia the ST. Paul properties
the more serious, the closing prices
being not so good the opening one by half point
Erie which has had cold shoulder turned TO it, and
so much cold thrown upon it tor so long time
back got head above the surface to-day and struck
out to the lively OF IL 500 shares-fairly The
loader of the market revival of the Old story,
pointing to "A reconstruction Of the concern by an as
yessment OF So per share, used TO mark the price
up from 1885, 10 1iss Apparently faith IN the report
was not OF the abiding sort, and wancd with the hours
or a; the it rather weak than
strong while fraction of the advance had disap-
peared. Michigan Central and Lake shore have
gone Yachting, Western Union is at Seabright
md the spas and Rock Island and Northwest
browsing in the Broad street back Office There was
rs little business in them would be found for
dentist in poultry yard and as little rem uneration
Money on call stifencd up imo to 21s per cent,
but later in the day roapsed back TO the accustomed
rate of1H
Capital still continues TO end its way up stairs into
the bond room all drafts of railway mortgages being in
demand at advanced prices The sooner part Of tho
stream is directed toward the active share list the
sooner will arrive those pleasant days so earnestly
longed for by dcspondent oondholdcrs
THE SALES TO-DAY.
The transactions at the Stock Exchange to-day
aggregated As 125 sharesEric IL. 500; Lake Shore,
bsoo: Northw estcrn, 200; Northwestern preferred,
l, 500; Rock Isla ID 5 400; Pacific Mail, 100; St Paul.
1coo ST. Paul preferred 100; ohios. 800, Western
Union, 900; Wabash, 200; Unior Pacific, a75; Della
ware, Lackawapna and Western, 4,335; New Jersey
Central, ], ,29o; Michigan Central 300.
OPENING HIGHEST LOWEST PRICES
The following table shows the opening highest and
o,,ft had