The New York herald., 1877-07-25
The Stock Market Active
and Still Declining.
GOLD STRONG AT LOS IS A los rs
Government Bonds Steady-RailrOad
Bonds Dull and Lower.
MONEY ON CALL 2l2 Az PER CENT.
WALL STREET.,


TUESDAY. July 24-0H NJ /
The placidlty Of the stock market, under influences
which would ordinarily produce an active fermenta-
ton Is the subjec. OF considerable remark. Matters
have boon threatening enough TO create general
stampede, but far tho pace has beon remarkably
moderate. Even to-day than yesterday, Tor
the market was FREQ from any symptom Of fright,
being for the most part quct and ~ times positively
dull Undoubtedly thus In measure due TO tho
absence Of stirring om the disturbed districts
and an unwilngness operate either sdo Of the
account until II definitely known whether tho
tempest blowing away for good and ALL or whether
thcre was simply deceptive luii
The natural consequences were an irregular and
feversh MARKET transactions considerably less than
yesterday and prices that varied by fractions for every
fresh that the gobemouches Of tho Board wore
able TO catch aud disseminate. M
Business opened st decline OF u to per cent from
prices the close yesterday and atorward worked up
and down by ats and starts have mentioned. un-
III la,o In tho afternoon. when gradual but steady
decline in which brought figures down to the low
mark Of the doy and with every appearance of
further cbb TO. morrow. 'tAH5s ssa. s.a tas
Tho strongest stocks on the list were the coal
rcrs II being argued that strike upon those lines
(Which II is stated, has since taken pace) would
check the supply which has been flowing to tide water
aud consequently enhance the market price Of the
product BY parity OF reasoning It is expected that
e public sale OF 80 QUO by the Coal
Company tomorrow will bring higher ngurez
a better demand for borrowed stocks to-day would
apparently show that tho Uncomfortable short interest
previously existing had been considerably added 10
during the exciting pungs. OF yesterdays Arst
halt hour. Central and Hudson was only obtanaUe
ut q bonus OF l-32 to 1-16, while other shares
found carrying below tho loaning rate
Tor money which ruled from 70 2 per cent call.
The demand for stocks for delivery, however Is by
proof either that the short interest il great
that shares scarce the truth being that the latter
are locked up in which holders under the cheap
price Tor money to disturb for the accom-
modation Of bears Apart from the timidty which has
seized upon capital natural result Of the strikes,
rates for loanabe funds have boon slightly advanced
Of trade the interruption Of shipments. The inter-
change of bonds between this city and the Treasury at
Warrington has ceased entirely. the express COM
panes refusing the risk OF the transfer and
consequently the funding process s, Tor tho moment
at . stands4l s.al ~ s5i7ss.N esia :~A,fsfA 4
TEE SALES TO-DAY.
The transactions at tho Stock Exchange aggregated
lag lsa shares:--New York Central, 284 Erie, 700;
Lake Shore, ZOO; Wabash 900; Northwestern 100;
Northwestern preferred $500; Rock Island, 1850;
Fort Wayne, Sz6: Milwaukee and 81 Paul. 500; MI
vaukss St. Paul preferred l6460; Pittsburg 100;
Delaware, Laekawanna and Western, 1d, 800. q.
IA ,.s,s- OPENING, HIGHEST AND LOWEST.
The folIovipR shows the opening hiRhest and oveet