The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-07-18
An Irregular Market Strong
at the Close.
GOLD STRONG AT los l-s A los IS.
Government Bonds Frm-RaiIroad Bonds
Active and Strong.
WALL STREET.
TUESDAY. July liz z. n.


When Macklin wrote OF the GLORIOUS uncertainty
OF the law II Is quite evident that he ignorant Of
the more glorious uncertainty of stock gambling,
no would have strsng his proposition by the
OF the latter example. Tho course Of the market
to-day, as in comparison with that OF yesterday,
proved tho doubtfuncss OF all representations and
lett the future as the typical white
Is said to be brothers OF African Descent The
threatening weather In ST. LOUIS financial circles and
tho fear OF sympathetic sqnal here. which led 10
considerable realizations own Market seemed
to nave blown completely at the commencement
of business this morning, for prices took upward
turn at tho very start With two exceptions.
when temporary set back was encountered. the
the tendency was TO advance, and II SO con-
tiuued TO the end OF the day, when In
most the highest prices were made.
The Improvement particularly attached 10 tho Western
roadside preferred shares Of st. Paul and Northwest
receiving tho greatest attention Tho apostate bears,
who DO astonished the sight ofthc certificates
which they hold In The first named property, arc en-.
thusias,ic their colorcd ancipatons as 10 s
future that heraldcd for their own
benefit first and bono pubtic0 afterwards, and In
each probably with tongue in tho cheek.
Meanwhile, bondholdors would be satisfied II they
that tho earnings would pay the interest
In the trunk lines Central and Hudson rose to OAK
aud Lake Shore to 50, but lost about Il per cent Of
the gain fixed dealings II scarcely BELTS the season
to say that Western Union being left out IN the cold,
but it is pretty nearly left out OF speculation, which
comes TO the Same thing, since transactions are
limited and quotations small and simply
affected by the rise and ial In the more
active specialties The most interesting topic Of the
day was the success OF the four per cent loan. The
subscription books which closed yesterday. show that
over sos 900, 900 have been subscribed for, which
will be somewhat increased when agencies a.
a distance arc heard from. The Syndicate refuses to
name price today waiting to hear che result from
London whore lists close Tomorrow, but transac-
tons arc reported 1908. coin. Although the sue
this loan has exceeded all anticipation II canuos
be regarded otherwise than as significant proof Ut
the want Of confidence IN the condition OF trade and
rcuclapco to foster commercial enterprises even under
the promise Of return Of interest of two three
iod The trouble among the st. Louis savings banks
does not appear 10 have received its quietus
yet, as despatch states that tho Bremen
Savings Bank closed its doors this morning. The
Baltimore aud Ohio Railroad Is also In trouble with
its employees in the matter OF reduction OF wages
and In 90 tho best bid against 95 asked.
but with sales taking place. Tho bull party upon
MARKET having put their foot In IT. are deter
mined to test their staying qualities by keeping 1t
there. The prospect certainly not very promising
of a speedy and profitable extrication. but some
crumbs Of comfort bong Picked up from the actv.
Ivy in the graiu market which Ii excited BY foreign
orders and the almost certain prospect Of large
port trade.
THE sALEs TO-DAY.
The transactions the Stock Exchange to-day ~
greSaed ls9, 900 shares:-Nsw York Central 10 7oaj
Erie, $500; Lake Shore 26.SoO; Wabash. sOo NORTH
western. 1850; do, preferred, $500; Rock Island.
1900; Milwaukee and St. Paul, O. leo; do, preferred,
"a, 700; Delaware, Lackawanna and Western. 1900;
Now Jersey Central, 100; Delaware and Hudson Canal,
240O; Morris und Essex, 1000; Michigan Central,
700; Illinois Central 500; Union Pacific. 100; Han.
nibai and 81 Joseph. preferred, 900; Panama, 20of
Western Union, IL, $40
OPENING HIGHEST AND LOWEST
The following shows Tho opening. highest and owost