The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-08-02
FINANCIAL and COMMERCIAL.
The Stock Market Quiet
and Weak.
GOLD STEADY AT 1O5 3-s.
Government Bonds Firm-Rail-
road Bonds Strong.
Quiet
GOLD STEADY AT lO5 3-s

WALL STREET,

"WEDNESDAY, August Id r. H.
Everything connected with business conducted
IN small way to-day-spall fluctuations. small trans
actions and small operators The tight between longs
and shorts q mere "battle OF the pigmies," ana
there was not excitement enough developed 10 secure
. respectable "crowd" about the most active OF
the fanccs, except by FITS and starts. Considerably
more than half the business was confined 10
Western Union, Lake Shore and Delaware and
Lackawanna, their activity being in the order
named. Tho telegraph fancy Ia still being used as
Bort OF fetch by the Obi from the Pacific TO charm
the Of the market witn but like the deaf adder,
she Board exhibits some reluctance TO harken further
to the voice o: the cbarmer particularly now that the
short interest has been closed up and that they have
ceased taking stock in the consolidation story. For
these perhaps prices were irregular as the
pulse OF q fever patient, and the demand grow hot
and cold by turns like In tertian.
Opening at T01S the quotation advanced TO tx,
and for most OF the day osclated between the latter
figures and 70S aud finally closed at 1915 The rrsgu-
larity Of the market not, however. confined TO
Western Union, but pervaded the entire list. 1t was
easy matter 10 attempt realzations without meet
Ing market that shipped away ike qucksand, for
She shorts pocketed their losses days SINCE
and they slow to believe in the long sde or to
suppose that any silk purse be fabricated out
Of the sow's ear of July rise Hence at the
beginning OF tho day there lower standard OF
quotations all through the list and the prevailing
tone one Of heavness. Both tho trunk lines and
the coal carriers came in for their share Of the depres
sion and The outlying fances suffered In sympathy.
Later the bulls under that lawless necessity which
is equally imperative upon the Stock Exchange as In
other matters got their laundry in working order and
proceeded to starch prices to the highest figures
Of the day. They might have succeeded in keeping
Them there 70 tho end had not come of serious
sno~s,
pected intelligence the passing OF dividend by
tho Pennsylvania company which completely took the
stienng out Of and brought back figures the
starting point Of the morning. In view OF the
losses by the riots, and tho almost certainty
Of having to lay Of the money for
! considerable period, though Pittsburg should
be able TO respond all the company have undoubt-
Sdly done wise thing, but the nero fact Of passing
Ihe dividend (now occurring for the first time many
years. had naturally depressing effect There being
time for . ray-which IN the present state of the
Market is matter Of brute strength-prices closed
up weak and feversh and with a suggestive
OF discord than harmony
SALES
The transactions at the Stock Exchange to-day ag-
gregated l40 12S shares Now York Central 6.575;
Erie, 600; Lake Shore 2772o; Wabash, 1900; North
western, 1885, do. preferred, 400; Rock Island,
176O; Milwaukee and st. Paul, j, $50; do preferred
$780, Pit,sburg. 12s; Delaware Lackawanna and
Western, "a 7oo New Jersey Central, 1885, Delaware
and Hudson Canal 1900; Morris and Essex, !, 200;
Michigan Central G,000 Illinois Central. $780, Union
Pacific, l. 4i5 c., G. ana l. G., 700; Hannibal and St
Joseph, 100 do preferred, 800; ONO and Mississippi
BOO; Western Union, 4o,95o; Pacific Mail 1900; Quick
silver, 200; do preferred, 400.
HIGHEST LOWEST.
The following the highest and lowest prices Of