The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-11-24
The Stock Market Dull and Without
Important Change.
GOLD lO2 rs A l03 A 1O2 7-S.
Government and State Bonds Higher
Railroads Strong and Active.
MONEY ON CALL EASY AT SAC PER CENT.
WALL STREET,

\.
The amount Of Stock xchange business, recorded
To-day, differs little from that Of the mauy preceding
pnos. The striving broker, who like the sIoried
sack" would rather be "dul boy" through sur
plus OF work than encounter the diapidated linen
which the coupled toll Is the inevitable result Of
work at all bids fair become victim to the latter
contingency unless matters better themselves shortly
II, perchancc, q member OF that most excellent
society, tho Young MEMS Christian Association, he
Will be warned of the fate which lies tho way Of
the 'suggard," and BIO montory advised TO 90 to
"ant' Tor an example Of persevcring labor AS mat
tors look at present he Is much more likely to SO
TO his 'uncle"-that "oncle dore" which, though
no may oxclam "Balls |" upon tho first application
Tor loan, Is to down with the dust suni-
rtent security DO offered. All OF which means
climate the fact that what with the absence Of public
interest in stock gambling and the flight Of small
Eraders who have been scared by tho prohibory
commission law, the broker, pur ct sample has, like
Oshello, found his Occupation gone" Necessarily
daily transactions depend almost entirely upon the
caprice and bank balances OF professional tradera
Such was tho case to-day, and, though some consd-
cradle changes in prices occurred they OF the
pea-and-thimble order, which deceived nobody that
was up 10 the littlo game For instance, the coal
stocks wero at time cock hoop, Delaware and
Lackawanna, under large dealings rising from 49K
TO 5oH, and Delaware and Hudson from ASK to AK
Incro were undOuDteuly "lnnOcentS' In the OUTSIDE
world who looked upon tho rise q recommence-
ment OF an anthracite prosperity but tho seasoned
street gamblers, who were cup to trick two"
knew well enough that II was simply preparatory
step the part OF speculative Horods looking to an
lndiscriminate slaughter 1t is likely that the knife
will DO applied the OF the Delaware and
Lackawanna coal sale on Tuesday, and that In the
meantime the market will be fattened up to the kill.
ing point There Is absolutely reason, beyond
that OF the shoerest uggery that the prices OF coal
Shares should advance. Tho product is being scnt
market at absolute loss the cost of freight and
production, the market itself s overstocked, sales
are made with difficulty and the outlook Is just the
Serse OF encouraging The precipitation
upon the market s SIMPLY looked upon being likely
TO make bad worse. and In the opinion OF dealers
must produce lower scale OF prices The operators
who are engineering rise in coal shares probably
well aware Of the situation and seek simply
hn advantageous potnt dappui from which to plunge
Into fresh bear movement As usual the largest
business of the day done in Lake Shore, the low
est and hghes& points being severally 49h and 60H,
with the latter figures the closing within por
cont The st. Paul and Northwesterns remained
steady. the changes being less than one per cent
Tho furry in tho former which carried prices up yes
terday morning and down again In the afternoon
turned out to be only ttempest in q teapot or,
FATHER in that "httlo brown jug which said to have
8he peculiar faculty only OF cheering but inebriat
ang. In other stocks there nothing doing
Michigan Central holding steady between 63X and
s3h with low sales, and Western Union remaining
strong with 79k its closing price.
Tho report of the failure OF tho Central Nationar
Bank at Chicago made but faint impression upon tns
market and prices closed irregular and utterly without
feature.
OPENING PRICES.
The opening prices were lollows:-Gold, 1927;
Western Union, 79h; Lake shore, 6S; New York
Central 107A; Michigan Central Ga; Delaware Lack
and Western, 4sN Delaware and Hudson, 45h;
Eric, 9I; ohios, OK; st. Paul, S6ss; ST. Paul pre-
fcrred nx; Northwestern, 36S; Northwestern pro-
1crrcd 66ys Pacific Mail. 23L; Illinois Central, 73Z
bid; Hannibal ana ST. Joseph, 13; Hannibal and 81.
Joseph preferred. 3oA; Ontario Mining Company,
23%; New Jersey Central ID; Fort Wayne, Oily.
CLOSING QUOTATIONS..