The New York herald., 1877-11-01
The Stock Market More Ac~
tive and Weak.
GOLD 102 5-8 A 1O2 7-S A 1O2 3-4
Government Bonds Strong, States and
Railroads Steady.
MONEY ON CALL EASY AT S A 7 PER CENT,
WALL STREET,

N
Tho weather to-day has been more congcnial to
ducks than TO dealers small spectators (who
for the present constitute the stock market. have
been rather inclined to take their tempered at
hospitatc inns than to brave Jupiter Pluvius oil
doors In the quest OF either points orders Conse-
quenty there resulted thinning out In the Board
room attendance and corresponding thinning in
priccs, as the business Of the day grew Q close
Tho reputation on the part OF Mr.. Vanderbilt OF any
speculative concern In tho market has upset the cal
culatons OF many moderate operators, who had
pinned their faith upon important q leadership
They were anxious TO assume the position OF satel.
htes, but only condition that he should appear as
central sun. Having, however, declined the honor
OF this scintlatng position, but rather electng '1ka
certain stars, to shoot madly from each and every
speculative sphere Mr. Vanderbilt has consigned his
attendant planets to the chaos OF falling market In
the firm faith that the Vanderbilt properties would be
sustained by tho master hand the street was inclined
TO be buyer-iailing this, 1t has become seller II
is weak jest TO hint that Mr.. vandcrbit's letter
should have been properly addressed to the Marine
corps, when Its practical result bids fair to be
in its consequences-serious enough to-day to drop
Lake Shore from 69H to 68 and Western Union from
sl1 TO so3s, though fractional advance made in
final dealings With these important speculatives
hibiting weakness 1t was unreasonable to expect
strength In the rest OF the generally
tive list, and, accordingly, range Of prices
moro or less lower was madc throughout.
TO the causes Of depression advertcd to
to be added the dismal weather and the indifference of
tho large spectators. There were only 'prentice
hands" which touched the market to-day, the know.
ing keeping their fingers out OF the speculative
pie. Not wholly, however, for report has 1t that the
bow window people considerable sellers OF Lake
Shore, and that William street wisdom prompted
practical imitation of the tactics. Although not
dealt In upon the home market tho announc ement by
the Pennsylvania Railroad that the coming dividend
would be passed had n depressing effect. On tho
the price. which had opened at Philadelphia at
5sN, fell of to SIX, but improved fraction at tho
end. To up, the days business has been almost
entirely that OF brokers' market and has offered
intelligent of judging to the future Of
prices, though the weakness at tho end and rather
sharp demand for money at per cent are not promis
ing for an immediate advance.
OPENING PRICES.
The opening prices to-day were:-Gold, 102x; Lake
Shore, 69A; Western Union, 80A New York Central.
1O6A Rock Island, 101A; Michigan Central 64A;
Delaware, Lackawanna and Western, soy; Delaware
and Hudson as; Morris and Essex, 75H; Eric, 12>s,
Ohios, OK WABASH, 15A; ST. Paul. 34X; do preferred,
67A: Northwestern, SO; do. preferred, 64H; Pacific
Mail, 23N: Illinois Central, 73a4 Hannibal and ST.
Joseph 12X; do. preferred, 27; Quicksilver 16; do.
preferred, SO; c., c., 9. and l., 4oA New Jersey
Southern, IN.