The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-04
The Stock Market Less Active, but
Still Unsettled.
MONEY 4 10 TO 2 1-2.
Government Bonds Active and Firm. States
Dull and Railroads Ignored.

WALL STREET,

WALL STREET,
SATURDAY, August Sc +. N.
AS IN season OF drought, when, according TO pop
uar tradition all signs fail stock operators have been
put TO their Ps and Qs to-day discover whether the
bull side or the boar side the most promising OF
future profits. Under this hesitation an irregular,
feversh and altogether unsatisfactory market came
matter OF course. The strength Of the list AZ the
close yesterday Invited expectation Of higher
prices this morning, and most brokers were
inclined to accept the invitation by respon-
sive purchases. AZ It turned out tho ad-
vance proved 10 be t0nas tatuus, which, II not
deceptive enough to lead to obstruction, at least
tailed fractional losses upon those who had followed
It In Q word, buyers at last nights and this
mornings prices who FULLY expected that the
market would 20 up, found TO their CONSERVATION
that went down. Such. indeed. was the course Of
prices shortly after the opening, when fresh supplies
OF the granqers Lake Shore and Western Union, freely
offered, weakened things generally and, for the time.
exnnguished any bulIish feeling that might have
istsd A decline OF 3X per cont In Delaware and
Lackawanna, attributed to cutting down OF prices
by the Reading road did not help matters, regarded
from bull standpoint. while IL fell with depressing
influence upon the rest OF tho market So. Tor the
day at least any hopes OF material rally aban-
doned and the market permitted to take OF
ITSELF which It did at figures intermediate between
the highest and lowest points oil the day. In this pur
position inc market closous great oouotS
listing whether values will be purged of tho fall
Ing sickness which now pcrvadcs them or whether
they will DO consigned the limbo lower prices TO
come.
TRANSACTIONS STOCKS
The sales at the Stock Exchange aggregated 1914 040
shares, OF which there were Western Union Tele-
graph 49, 100; st. Paul. common, %, 355; DO prefer.
reds 13 $50; Lackawanna, 1880; Northwest prefer.
rcd, %, ITS; do common 49, 700; Erie, $780, Pacific
MAIL lO0 New York Central 6lO; Lake Shore, 49, 0o0
Union Pacific, $500; Pittsburg, AIS; Northwestern,
preferred % 175 c., c. C. and L. 800 New Jersey Con-
trail, 1900; Rock Island 4l4 Wabash, 100; Ohios 70o
Morris and Essex, ,225 Hannibal ana st. Joseph, pro-
fcrred, 100; Delaware and Hudson, 2,2SO; Michigan
Central 73o; Illinois Central 800; Chicago, Burling.
ton and QUINCY, 100; United States Express 1907
American District Telegraph, 3oo St. Louis, Kansas
City and Northern, 200
OPENING QUOTATIONS..
There was a slight advance In the prices Of almost
the entire list at tho opening OF the Board this
ing New York Central sold Il higher than the clos
Ing quotation Of Friday, bringing 1857 Ere sold =
higher at Is; Lake Shore u higher ut 62ss Illinois
Central Il higher, at S35s Chicago and Northwestern
u higher, at 364 do preferred q higher, ut To Ohio
and Mississippi 4 higher, at sI. Tho others wero
unchanged, except Morris and Essex, which opened
lower, at s3, and Lsckawanna q lower, at SIX.
HIGHEST LOWEST.
Following are the highest and lowest prices Of the
dav Ia active stocks:-