The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-06
An Active and Ragged
Market for Stocks.
GOLD UNCHANGED
MONEY ON CALL A 2 PER CENT.
WALL SrREEr, I
MONDAY. August SO P. 81.


MONDAY, August So P. d.
The disastrous decline OF the granger stocks has lett
tho market In uncertain and unsatisfactory shape.
~ happened with Peneopes wob, no sooner is some
degree OF strength woven into the list than something
Or semsbody springs up to unravsl the whole abric
and general tAnge ensuss as matter Of course. the
comparatively strong prices and healthy tone OF Sat
urdays closing market were converted into weakness
and sickliuess this morning, which In general way
surprised Spectators, who were unprepared for 80
speedy relapse A further drop Of az per cent In
st. Paul common, Of per cont In North
west common and OF nearly much In
The preference shares, thoroughly upset the
prsvaIling notion that, in these stocks ~
Aas the bottom had been reached and set the whole
speculative idea adritt ~ TO what was TO BE- ths ut
mate result The renewed Weakness in the ST. Paul
properties directly ascrbsc 70 reports Of further
bad weather along the line OF the road. Without ex-
aolly bringing the Western rainfall up to tho dignity
OF q dsluge the bears have succeeded In mprsssiuE
the public with notion that at least forty days and
forty nights OF unpropitious ruined the
crops and that the devastation stil continues. in
spite OF the TACT that nnetentbs OF the harvest has
been garnered and safely housed. With an incon-
Utdsrnbls lesway Tor leAky barns and scanty allow
apce Tor the sprouting Of stacked wheat the bears
must content themselves for the future, so
far farther weather damages to crops
= concerned, since injury from the elements
has about ceased for this At least
drop OF three per cent in Delaware aud Laoka
attracted equal attention with the decline In tho
Eraugsrs The rebate Of thrtyve cents per ton, Of
tered by the Reading Company, is regarded by some
rs threatening the integrity Of tho coal combination
aud the pressure this morping from fears
OF an ultimate disintegration OF the monopoly. The
Ohio and Mississippi properly nearly tho only
nko n CHI hall bnt 4 rta INT
shs earnings for July exceeded those for time
last year by $42 800. The lowest quotations OF the
day were made Defofe meridap, alter which time
prices rallied TO the extent OF twenty-five to tty per
cent. and tho MAI ket closed with bocr agures than
The worst, but not up to Inc best Of the day.
OPENING PKicEs
At the opening OF the Board Western Union sold at
cox, advance Of "a upon the closing pricos OF Sat
urday. Lake Shore sold at decline Of u, bringing
ok. Union Pacific sold u lower, At 63H; Chicago
aud Northwestern lower, at S. and the preferred a
lowcr, a,67k. New Jersey Central sold - lower, al
IS; Delaware and Hudsonl IN lower at 81; ST. Paul
preferred " lower. at 72,4. and Michigan Central n
lowor, At 6s,s other stocks were quoted about the
tame 10 at the close OF business on saturday.
EXTENT or THE TRANSACTIONS
The number VI shares reported sold at tho Board
was 1SS, 093 but II 10 likely tho sales not recorded
will TO at least ore-shrd oil that amount rs
the business was done in spuris and II was almost
possible to report all the transactions. SO Tar as
recorded Tho proportion OF shares sold waswesteru
Union, 1850; Northwestern, 2o,s75; do. preferred,
2l7lO; ST. Paul. s0,z7o; do. preferred, 1647o; Lack.
awanua, 6l,4o0; Lake Shore, 9724 Fire. 100; Del
aware and Hudson, 2,loo; Central OF New Jersey,
1850; Norris ond Essex. 1900; Uaion Pacific, 300;
Rock Island, 1850; New YORK Cenual 425; Ohio and
Mississ,pp, 600; wabAsb, 800; Pntsburg. go; Mich
i0an CentrnI 10. Pacinc Mail 100. OILS Con traI
100
FLUCTUATIONS THE