The New York herald., 1877-07-08
The Stock Market Dull and
Strong.
GOLD 10? IA A 1O5 3-s.
Government Stocks Steady-State and
Railroad Bonds Generally Higher.
MONEY ON CALL EASY AT | IL 4 2 PER CENT.
WALL STREET,
SATURDAY, July 7--6 P. N.

Although yesterdays closing prices had rather q
washed out look IL was evident at the start this
Ing that the bulls appreciated the moniton rendered
TO tho mythical Brown, that 'it would never do to
give IL up so,' and meant TO heed II. Accordingly
there was bidding up of tho trunk lines and ST.
Paul preferred and general strengthening OF The
enlire share list Even Hannibal and ST. 10, which
had staggered the day before under the trec reaza-
tions OF Its frends was set up through the influence
OF a sharp rally. probably to meet tho iato OF being
bowIcd down again next week Alter the one O'Clock
call tho bulls undertook to sample the strength OF the
market by liberal offerings OF long stock
but tho snort interest having been Already
squeezed into limited proportions. buyers
few and resistance to decline ieeole.
II became therefore, cssary to pu up short and
put the drag on lear OF topping the coacn OF spec
ulaton over altogether. aud the same was done by the
uAual process Of bidding up tho market ana closing it
very tho best nguIes OF the day. The whole
affair being nothing better than show gamble" aud,
beng affected neither ny popular sympathy nor by
Tho present condition future prospects OF trade it
mAttcred little whether prices tell, so far as
any dvnation OF what is to happen in the next three
months may be guessed at. In fact " IT Is sale to
guess at all IL does not appear probable that the grow
Ing crops likely 10 be abundant enough to oler
more than average prospects to tho railroads. De-
spachcs seut from Chicago this morning to the Daily
Bulletin represent the condition OF the wheat ana
crops promising nothing more than a fair
yiold at tho best ana with doubts OF that should
the weather continue unlavoruble as 1t has lately
been AS this Is the only true basis upon which prices
Can be made for the present ad-
would to bo premature least. Outside
OF the stocks referred to there nothing 10 attract
attention. The coal shares were almost entirely neg
lected, and Western Union remained quiet within "a
per cent fluctuations and 10 a small business The ag
yregae of transactions also fell OF 70 less than 81 900
Shares the chief operators having lett the street.
their scustom in the afternoon" of summer Saturdays.
THE SALES TODAY
The sales OF al the board to-day oggrc-
gated S. 700 shares. which were distributed fol-
lows:-New Yor> Centra', S.400; Ere, 1905 do pre-
fcrred 20o Lake Shore 80 7oo Wabash, 1921; Ncrth-
western, 800; do. preferred, 600; Rock Island, 800
Milwaukee and ST. Paul, 657; do preferred 1890;
Pittsburg, 100; Delaware, Lackawanna and Western,
$500; New Jersey Central, 1,4O0; Delaware and Hud
son Canal, 1880; Morris aud Essex 3,2la; Mich gan
Central, 47OO Illinois Central 1850; Union Pacific,
160; Hannibal st. Joseph, !, 100; do preferred,
1l25 OHIO and Mississippi, 200; Panama. $50; Western
Union, 100; Pacific Mai, 1900
OPENING HIGHEST AND LOWEST.
The following table shows the opening, highest and