The New York herald., 1877-09-20
FINANCIAL and COMMERCIAL.
The Stock Market Dull
and Weak.
GOLD 103 A l03 IA A l03 1-0.
Government Bonds Higher States Dull
and Railroads Irregular.
MONEY ON CALL 8 A PER CENT.
GOLD lO3 A lO3 IA A lO3 1-e.
MONEY ON CALL 8 A PER CENT.
WALL STREET,

WALL STREET.
WEDNESDAY,, Sept 19-6P NJ
The volume OF business dim inished considerably to-
day through the absence Of many brokers, who had
hied themselves TO shoot Creedmoor, and through
presence Of many more, who interrupted business
for a full hour with the sport Of ''shootng" white
hats In tho Board Early dealings were made 10
q firm Market In which the new favorte. g.. g., c.
and l., gained az per cent, rising from 80 to 4lk
though lost about half Of the Improvement before
the day The reports which prevailed In the
morning that strike was threatening upon the LaKs
Shore road did not seem to affect the market until
nearly noon when sharp pressure to sell (probably
tracsabe to out OF town orders set In, and carried
the figures OF the Vanderbilt stocks and Michi-
gan Central down ono per cent and sensbly
shook the armness OF tho Western shares Sub
sequentiy It was officially denied that trouble
was either existing or brewing. and quota
tions were gradually worked back again to old
figures. Though the spasm was productive OF nc
harm II possessed the ugly feature OF showing that
outside of clique control the market has but little n-
herent strength, and that requires constant watch
ing lest values "ke i.ongfcow's tentfoding Arabs,
may s'silentiy 81 away" SniI = seems probable
that the market has better support to-day than
when prices were at white heat; the formation OF
larger short ntsre the natural result OF the de-
cline ia prices the better demand for delivery
stocks is proc at the theory is correct. The coal
stocks, o,ner than Delaware and Lackawanna, re-
NAMED very nearly quiesccnt, and even this nuctu'
ated within narrow bounds. The "bubble bubble,
toll and trouble' which possess the grimy miners
appear to bother both producers and spectators ALIKE
and will require, on the part OF the companies, some
more powerful carnations to exercise them than
they seem to possess at present Western Union re-
manned weak the day through and closed with loss
Of nearly one per cent and the lowest quotations
What 'rhe burden OF the mystery'' just now s moi
apparent, though any other condition than that Of
chronic state OF fog would belle It's settled character
isiics The closing OF the transfer books as prelude
to the payment Of the dividend created demand for
borrowed STOCK and exacted at one time bonus OF u
per cent for uso The ST. Paul AMI North western
shares Queted down Q measure, but were passablv
Hrm, though the pools which have them IN hand
seemed to pe taking half holiday. The rest OF the
list renamed sluggish and du in the absence OF ex-
citing causes
TnE SALES TODAY.
Tho sales Of active stocks day aggregated S61
shares which were distributed as follows New York
Central, $3.50; Erie, $500; Lake Shore, s2,60oi
Wabash, 1900: Northwestern, $3.50; Northwestern
preferred AGO. Rock Island. 30lO Fort Wayne, l5o;
Milwaukee and ST. Paul, 1895; Milwaukee aud ST.
Paul preferred, $500; Delaware, Lackawanna and
Western &c, $50; New Jersey Central, 500; Delaware
and Hudson Canal. TOO; Morris and Essex 1000;
Michigan Central. l6505; Illinois Central 700; Union
Pacific, 2S2; C., G. and l. c., 600; Hannibal and st.
Joseph 500; Hannibal and ST. Joseph preferred S4O0;
Ohio and Mississippi 6,200; Western Union, l0,225;
Pacific Mai 245o; Quicksilver 800; Quicksilver pro-
ferved, $50