The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-11-06
The Stock Market Still Dull
and Weak.
GOLD. 1O2 5-S A 1o2 7-Y.
Government Bonds Stcady-Statcs and Rail.
roads Irregular.
MONEY ON CALL 6A7 TAG PER CENT.
" ALL STREET,

MoyDAY. Nov. 5-6P n.
Like an Aiexandrine verse the course OF spccua-
ton .drags It's slow length along, and there as III.
tic animation IN living bulls and bears rs IN tho coun.
forfeit eflc,cs which act a. supporters TO coat Of
armA In TACT business Is iuncrea In tho extreme and
carried on were, under the batchmcnt OF dead
market Consequently affairs arc gloomy, and com.
miss,on brokers like ''mourners which refuse to b
comfor,ed" struggle dc.pa,ringiy through the dismal
portals OF tho Stock Exchange ana seek consolation
In the .tuneral baked meats" which, In the form OF
lunch, Hospitality spread forth in neighborns
dives." II follows that The Board room was sparsely
occupied to-day ami that both dealings and changes
OF quotations were. like "angels' visits" tow
and lar between Nearly much SO -
the case with the hnal days Of last week,
when dulness ruled supreme and all evidence
show that the great dealers had, Tor the pres
ent at least decided 10 shut up shop. There was
indication thus morning that thcy meant 10 take down
the shutters to-day and consequently tradc laneu
both as TO dealers and In amount Of transactions.
Previous to midday the inclination OF prices up.
ward DO Lake shore and Western Union-as tho
prominent and In fact only active notwithstanding
gain upon Saturdays closing prices The granger
shares failed to participate, however, and fol- on
nearly an entire point, while the Vandcrbilts were
strong and improving The holding back Of grain for
higher prices BY tho farmers the lines OF those
roads and tho bad weather which has delayed dcv-
cry a, railroad centres likely diminish earn
ings and present q less favorable exhibit than
was anticipated. In the afternoon the whole mar.
ket grew weaker, Lake Shore falling on from COX
70 6S.. and Western Union from SIX to SoK. Tho
ial in the latter stock occurred face tho report
that the company determined to mark up the tarin
Tor messages, only be accounted for upon that
general iucus iucendo principle which attaches 10
the usual dealings In this security Tho anthracite
fanc,es receded, the contrary, for reason good
and sufficient If credence Is to be given TO tho prevail
Ing rumor tina, tho Reading company had promulgated
lower prices Tor coal. Some legislation in Congress
which, a test question, intmated probable pas.
sage Of the silver bill BY House. was regarded un.
favorabiy, and prices sagged when It became known.
Although Lake Shore weakened, as has been shown,
there prevails good deal of faith in much higher
figures prom nent bull operator, who ION pleasure
bent was 10 go abroad but didn't, remained to-day
10 DO prophet in hts own country us TO tho future
greatness OF the stock, and was wiling to back his
opinion, far as tho next dividend goes, that IL
would not DO loss than por cont AT the same
time tho dividend offered Tor sale by other par
ties At * pcr cont, which would suggest that meta
phorIcally speaking, one side or tho other was max
ing tho proposition with "tongue In the check"
Money on call loaned at average OF per cent, the
accumulated dividends coming freely from bank Tor
disbursement and tho flow South and Wcst diminish
ing rather than increasing Prices closed weak.
though their strength ana iecbcncss during tho day
were but the expression or brokers' market which.
though utterly devoid OF 'sound and fury" praoti-
cally signined nothing.
OPENING PRICES
The opening prices A. ten A. n. wcre:-Goid, lo2xi
Western Union, so,<; Lake Shore, COX; Now York
Central, 1917; Michigan Central, 651z; Delaware,
LacKawanna and Western, 5oa; Delaware and Hudson,
AK; Erie, l2H; Ohios, 9ss; Wabash. 10; st. Paul.
35ls; do preferred, 6s6; Northwestern, 3d. do pro
ierrcd, 65,s; Pacific MAIL "a; Illinois Central, 75ki
Hannibal and ST. Joseph, 1874; do. preferred, 2s1s;
Atlantic and Pacific Telegraph, %; New Jersey South.
ern TX; c., C. and L. C., 3x.