The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-10
An Active but Still Weaker
Market for Stocks.
MONEY ON CALL A 2.
Government Bonds Dull but Strong, States
Neglected, Railways Firm.
GOLD UNCHANGED.
WALL STREET.
FRIDAY, August % p. n.


FRIDAY, August 9-6 n.
The nrst half OF today's session gwen over -
dulness the latter halt 10 excited speculation ~
the granger stocks II was by no means spscuatiot
that accorded with bullish notions ether since thu
course of values was steadily and persistenty down
ward and the lowest prices Of the prevailing decline
were made at the end. 81 Paul preferred proved 70
be tho greatest sufferer losing rs 1t did, points 10
the days work IL Is positively asserted now that
the exrse,ed dividend upon this stock will DO M
more tangible than "bassess iabr'c OF vistenn
which probably means that shareholders arc not
likely to see the color OF their money. This 10 the
moro curious In that long since told that the
company had already earned the wherewitha 70
pay tho dividend and that they had $l,oooooo
In bank. Tho question now arises as TO what
tney will do with It, considering That the reported
purchase 81 an railroad two Ia At least prob
lonatic.A xhero were other reasons, however, shas
were cntvA.aiy used to break the CHANGERS to-day.
II was siven out that orders had been received TO sell
shares held OF Western spectators At the
best obtatnable price, It affirmed that tho wheat
parncred along tho line OF the St Paul road would
not thresh out botter than bushels TO the acrei
there were apparent attempts by supposed bulls u
place seller 60 options At concession Of to N per
cent below prices. and there was general per.
vading doubt whether there had been IN reality
any crop at all With such array Of antagentstie
forcos IL was only wonderful that the properties
wore not consigned to the 'demnition bow-wows"
root and branch, instead OF suffering to
the moderate extent which they did II was clear
enough however, that the late buyers tor An upward
turn finding they had put their foot into financial
trap wero eager ex,ricate It by the only process
availabe-yx. to tumble out Of their holdings a
spesdtly as they hsa tumbled in them This they DID
to considerable extent and at considerable loss, a.
figures show. From all Appearances there will be
continuance Of the prscsss Tomorrow, with new
batch OF victims sacrificed to tho Mooch OF an unfor
inmate specuiation The remainder Of the market wa
almost entirely neglected. and whom traded IN II was
tho expense of values which sckened under the nocu
l.t,on conveyed IRON Wisconsin stocks. Thus Dela-
ware and Lacxawanna, Western Union aud Lake
Shore Tell of per cent not from fault OF their ows
lint from sheer sympathy with the weakness Of the
favorites.
THE ACTIVE STOCKS
rhe most active stock Of the day was ST. Paul pro-
ferred OF which 55 shares were reported sodat ths
Rosrd Northwest common sold to Il zoo shares the
presrred 2osO0; ST. Paul and common, $500; Dels
waro Lackawanna and Western, ID, 800; Ere, 1851
Western Union, 1880; Michigan Central, sos; Union
Pacific 1926 New Jersey Central 1900; Illinois Cen.
trail 7s5: Delaware and Hudson, 500; New York Gen.
trail Gil: Rock Island, 49, Pittsburg 2s0; Ohts and
and Mississippi 800; C. and Quincy, 30; Wabash,
200: Morris and Essex, 100 These mako . total Of
Ia, $40 shares.
FLUCTUATIONS ZEE DAT.
M. x.,.-;,c shnws the openinp hirhest and Low.