The New York herald., 1878-08-17
An Active, Ragged and Generally
Weaker Stock Market.
GOLD STEADY AT 100 5-8.
A Fair Demand for Government Securities
States and Railroads Dull.
MONEY ON CALL | IL A 2 PER CENT.
WALL STREET,

FRIDAY. August 1o-6P.
After the first hour this morning, which witnesscs
q continued feebeness the active list, tho bulls ap
parently recognized the iact that they had been
more frightened than hurt by yesterdays decline.
and that there was no good why they should
suffer either mentally financially Accordingly
there putting OF shoulders to the wheel ana ths
market was dragged out OF the slough which threat
eneu 10 engulf II. II moro difficult, however,
10 keep It In motion the upward grade than u
start It, and consequently there was moro than one
set back In tho Of the morning, which rem.
dcred the not Improvement OF the day rather meaars
OF results. Nevertheless, some progress was made
(ailhough by the slow process OF advancing thret
steps and falling back two) and nnal quotations
showed gain OF about per cent upon the opening
and figures OF 1t is evidently no easy
after 10 Keep tho head Of The market under water
tor any length oil time. Prices arc no sooner cub.
merged than they come 10 the surface like cork,
though the sklul anglers VINO are essaying TO oil
their crecls with shares at low prices would rathcr 500
them remain submerged than not Unless all signs
fall they SAID TO do IN drought thcro Is quiet
buying OF the speculative iancies preparatory to
An upward turo IN the autumn. II is the policy OF
tho bulls therefore, TO depress the market as much az
possible aud avoid giving alarm the bears wno hav'
ing reeled very considerable quantity OF short line
may DO brought up with q round and very sdvan.
taeeous turn when the circumstances q rising
market require IT, There disposition to-day
TO indulge further scarecrow parade Of The coal
stocks with which 10 frighen prices IN other secur
ties they beng loft sink back into their former dull
ness pass the day attended by little interest and
less change OF values. Western Union and Michigan
Central 1r, floating along in the afternoons
rising tide, but Erie appeared to DO caught
In an eddy which has stopped progress fol
tho present Lowor prices for this stock come
rknt md
for The ton point rise, which has been promised,
is decidedly foggy Tho long expected c., c. and G.
case has last brought 10 trial at Newport be
fore Judge Harlan the Supreme Court OF the United
Sates yet the securities OF tho road show no
sign OF being affected thereby. Tho friends Of the
road however, are confident OF a verdict In them
favor, which would be exceedingly agreeable ono
II should compel the payment OF the 2S per cent
back interest which It Is claimed is owing by tho
Pennsy lvania Railroad Company. Final prices wero
at Or near the highest Of the day and the tone OF the
market was In complete contrast with the dolciul
feeling which prevailed at the close yesterday.
THE ACTIVE STOCKS
Tho most active stock OF the day was DOH ware
L,ckawanna and Western, OF which 27.600 shares
wero sold ut the Board Lake Shcrc seemed 10 be
next 10 favor with buyers and % 900 shares wero
dealt in Eric comparatively active and sold 70
tho extent Is 900 shares. Tho other active stocks
we're Northwest I3 920 shares; Northwest preferred.
O. o00 ST. Paul. 5000; ST. Paul preferred, $500; Unioi
Pacific, 3soO Western Union Telegraph, 2.315; Morris
and Essex, 264i; Michigan Central, 1900; lllinois
Central, l. 100; Delaware and Alison, 1900; Chicago.
Burlington and Quincy, $50; Pacific Mail, 800; New
York Central los; Hannibal and ST. Joseph. l00i
Hannibal and ST. Joseph proicrrod. 200; Wabash, 3Oa
Central Of Now Jersey, $50; c., G. and l. c., 800 The
total number OF stocks reported sold at tho Board ID
122Os4.
RANGE PLUCrUArION.
Tho following table shows the opening prices and
tho range OF fluctuations leading stocks during the