The New York herald., 1876-08-02
Stocks Lower and the Market Fcyerish-
Business Fairly Distributed.
GOLD Ill 3-4 A Ill 7-S.
Money OIL Call Per Cent-Foreign Exchange
Steady--Goyernmen and Railway
Bonds Generally Firm--The
Public Debt Statement.
WALL SHEET,
TUEsDAY. August l--6 Z. NJ.

TUESDAY, August l-6P N.
Today's business set to music would have been nlly
Interpreted by the droning Of tho bagpipes or the
Groom of an Irish wake. There simple monotone
Of dulncss, scarcely relieved by tho exceptional at
vity manifested by the New Jersey Central and Mchi
gan Central their way to lower prices The fist
named at the very start received the attention of sellers
and with scarcely any effort stem the tide swept
away by tho until tho opening price OF 63k
merged into that OF 81 At the samo time the bears,
who appeared to have picked up fresh courage, were
Tree onerers OF stock NJ concession OF ga per cent
from the regular price seller sixty optior tho exist
Ing squeeze the stock having taught them that
or long pull time contract Is both more agreeable
and safer Besides the sixty day contract carries with
IL interest six por cent, which goes TO the credit
ol tue seller making actually something over half
iout addition TO the selling price.
rncrc was another break away in Michigan Central,
which pulled The price down from AK 10 i0H, which
Produced general disposition the part nt share
holders to step down and out proceeding which has
NJ city been the action ofthe knowing for some
days back The feebeness OF tho coal stocks tho
evident loose screw in Michigan Central proved 1ete
nor TO the rest Of the Market and there general
alarm at the head and bloody bones which The
dusky beast presented. AS usual all the active favor
ties were affected, in sympathy, to greater less
degree, and the depressing result was visible IN a
general lower scale of quotations In addition there
reports less authoritative, of decreased
earnings by the Western roads, particularly in the
Of the ST. Paul corporation, which, 1t Is said, VIII have
to show very serious falling of in its traffic for the
last week in July If this be fact II is not surprising
That many of its friends who have been behind the
Icenes, have quietly been slipping out Of their holdings
Bpce the promise of the dividend-a dividend which is
ESQ near, but yet 80 far
There animation 10 Western Union this
morning and larger transactions than for some time
back or course the lever which moved the stock
attributed to the manipulation OF Archimedes Gould,
who, disgustcd with the steadiness which 1t has
hbited In face of declining market, has determined
upon giving twist 10 tho and to send it down
among the sixties, as he has SO often threatened.
Meantime points have been gwen out to buy which
would be quite in keeping with intention to SELL
At the close there occurred slight rally in of
The specialtes fostcred perhaps by the exceptional
Readiness in Lake Shore. In the present state Of tho
market 1t is difficult to how this prime favor
nc can DO forced upward against tho stream, even
though yachtsman should be at the helm.
TO-DAY.
The transactions the Stock Exchange to-day aggre-
gated SO, 600 shares
OPENING, LOWEST PRICES
The following table shows the opening, highest and