The New York herald., 1877-08-29
The Stock Market Active
and Lower.
GOLD 104 3-8 A l04 1-2 A 104 IA.
Government Bonds Higher. States Dull
and Railroads Strong.
l0NEY on CALL sA6AeLsA3 PER CENT.
WALL STREET,
TUESDAY, August 2S---6 =. n.

Tvu0OAY, August Ze--o r. ~.
Ths uncertainty which manifested itself yesterday
was still conspicuous to-day in the rregularity
prices and the obvious necessity Of keeping grip
apon the market 10 prevent q brcak away. EARLY
transactions were made TO improving figures; but
attempts at realization prices yielded with good deal
p ease and had to coaxed and ses up again before
the process could be repeated In truth, the entire
DAY spent in bowling alley state OF mind 10
,peaK which had tor Contemplation the alternate
knocking down and setting up Of quotations though
shey had been pins frame. Al the end Of the day,
Is happens at the end OF the game question: quota
TONS like the pins pretty much down. and there
did not appear to be quito much eagerness set
them up again as the few
days back. The greatest weakness was to be
discerned In Lake Shore and the Western roads, 1t
being whispered that some fresh cheating, the old
plan OF "cutting under' the freight tarins, had
oeen discovered. II is far likely, however, that
attempts at realization disclosed absence Of the
snap" which has for long been the feature OF the
market, and with II tho loss OF the small bull spccu
intors who, filed TO the chin with good. bad and in
different securities, incapable OF further degut
Won Worse than this and in contrast TO the ted
bulls s tho fact that the bears been starved out
aud in their present state OF inaniton have stomach
lor the strong OF short contracts and are,
sordingly worthless any support they may g,va
down In order to tempt the delicate appetite Of
the bears into relish for short sales,
II beng hoped by this means TO create
In ultimate indigestion which could only be by
The physic of long stock which the bulls have bottled
s ID and would cheerluly administer. There is some
little evidence that the scheme may succeed judgi
Jy the fact that efforts were made this morning 10
place Lake Shore on seller 80 options At one per
sent concession from market price, All the Western
mocks lower At the close by to per cent and
)hs rest of the list grew heavy in sympathy. Tho
sanK OF England marked its Tor discounts up TO
! per cent to-day. The '.Oid Lady Of Tbreadneedie
eet" does not fancy the idea Of her gold getting out
her grasp, particularly whom war ia contingency
10 be thought Of and has taken this to stop It,
The effect to stIfcn the price Of the metal upon
our own market up 10 lo4x l04k and to strengthen
the rates ior sight bills on London.
SALES TO-DAY.
Tho sales OF active stocks At the Board to day aggre
gated 1877 073 shares which were distributed as to
lows:--New York Centrai, To; Erie, 5,l20; Lake
shorc, 44,e66 Wabash, 1l,3o0 Northwestern, 5,ol5; ;
10. preferred 6.135; Rock Island, $500; Fort Wayne,
loo; Milwaukee and St Paul, 2l00; do. preferred,
1850; Pntsburg, 900; Delaware, Lackawanna and
Western. Is. $50; New Jersey Central, no. Delaware
md Hudson Canal, 1900; Morris and Essex. 200;
Michigan Central, 2s 4so Illinois Central, 500; Union
Pacific $50; c. c. and Indiana Central 900; Hannibal
and St Joseph, 1000; do. preferred, 100; Ohio
and Mississippi 1900; Western Union $500; Atlantic
and Pacific Telegraph, 800; Pacific Mail, 6.5l5; Amer
san Express, 100,