The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-17
The Stock Market Dull, but
Strong.
GOLD 100 10 A 100 SO.
Government Bonds Strong, States Steady
and Railroads Quiet.
WALL STREET, /

TUESDAY, J1iy l6 10 T. d. &
There scarcely ripple upon the surface Of
speculation this morning, and usually active stocks
lay s.as idle panrcd ship upon painted ocean."
II may be that the heat wavo which rolling toward
us from the West may shake up things was tho
case during the torrd interval just passed. or It may
make them duller STILL which would be perfectly CON
sonant with the season. Indications to-day point
result being the more probable. from the
fact that the snap just now has gone out Of specula
ton ana the whips Of the contsnding factions have
gone OF the with IT, II camc TO pass, there
FORE that there dull times to-day for both bulls
and bears, that transactions wcrc restricted
ana that fluctuations were inconsderable and con-
hncd to few stocks Tho only sparkling properties
tho list Lake Shore and the Wisconsius, tas
remainder being as fiat bottle OF homemade
Clicquot Low water mark Tor prices was made about
noon, ut which time it began to BIO apparent from
Western advices that the storios rIte yesterday
with regard the destruction Of tho crops had been
greatly exaggerated and that the most had been MADE
OF them for stock joobing purposes While II would
appear that injury has been dono by the ate un-
favorable weather standing crops the truth seems
to 10 that tho damage was confined to certain re-
stricted localities and by means widespread, as
was sought to impress upon the public Tho best In
formation is to the effect that but small per-
centags Of the crop has been damaged ana that
the increased acreage under tlayo. After meridian
prices wore all fractonaly higher, Though pars
OF the i'm Improvement lost before tho close. In
point fact, the closing prices were about midway
between the highest lowest OF the day. Although
by figure Of speech the railroads rcierred to may be
designated as the active of tho session huctu-
atoms were limited to less than per cent and the
interest taken In Thorn was small IN proportion.
Matters were with tho miscellaneous shares.
western Union and the coal carriers simply seesaw-
ing as 10 figures in with their more prominent
ne,shbors. A despatch from Washington states that
IN tho opinion of the Attorney General the Secretary
of the Treasury cannot lawfully redeem legal tenders
before the time liked by Congress, but that he may
at any time disOurse coin tor Treasury obligations
Tn accordance with shia decision the Secretary has
determined 10 commence the payment OF silver a?d
goia At an early day.
OPENING PRICES
The opening prices OF stocks at tho Board to-day
wero as folIows:-New York Central, 1928; Ere.
1917; Lake Shore. 80; Wabash, 1875; Norihwes,crn.
SIX; do preferred, TIL; Rock Island, ll4k; NIL
wuukco ana ST. Paul. SIX; do. preferred, 822S; Pits
burg. sly; Delaware, Lackawanna and Western, COZ;
New Jersey Central, 4OH; Delaware and Hudson
Canal 5sZ; Morris and Essex, SAX; Michigan Cen.
tral 67H; Union Pacific, 63; e., o.. G. and l., 20;
Chicago Burlington and Quincy, ia; Q. c. and In
diana Central, AZ; Ohio and Mississippi, TX; West
ern Union, 81; Atlantic and Pacific Telegraph, 27x;
Pacific Mail. 17h.
cLosrso QUOTATIONS.
ehroA NJ n