The New York herald., 1878-08-16
ANcIAL and COMMERCIAL.
1Stock Market Active and Unsettled
and Closes Weaker.
OLD AT 100 SO.
,rnmcnt Bonds Firm, State and Railways
Moderately Active and Steady.
NEY ON CALL l A 2 PER CENT
WALL STREET,


THURSDAY, August 15-6 y. NJ.
rokers on the bull side wcre forced this morning
go their fondcst hopes decay. II their disappoint-
1t did not date back TO cbiIdhood's hour it a.
!. went go far back as yesteyday's closing market.
lch was anything but indicative OF tho break down
occurred to-day |, turned out TO bc "hard
cs" Tor the bulls, and all the moro SO N thss they
to all appearances e, them fall In pleasant places.
Is nevertheless fact, though sad one, that the
trket failed to carry out Its promises OF aiurther
vance; but. on the contrary Unexpectedly flip
ippcd over 10 tho bear side ana remained weak and
ecning tho day through. Under tho strong tone OF
cserday's closing tho market at the open
ng was inclined to forge ahead toward nighcr hgures,
ind some progress was made In this direction by
Lake Shore and the grangers but the impetus soon
lost force ceased entirely and ultimately became
completely reversed. Before noon steady decline
Set In which infected the whole hist, and continued,
without let or hindrancc to the end. In some cxcep
tiona ca es there was a rally OF paltry eighth or
quarter Just the close, but hing impof
tant enough 10 disspate the prevailing fecblcnsss,
which had grown worse and worse as the day grew
oldcr II was plain that somo OF tho large
holders had turned out TO bo ieaky vessels aud did
not require much casting about to hit upon their
pames But there was little satisfaction IN the dis
covery; Tor, man may do as ho will with his own
there nothing lett but to grin and bear II,
which the bulls did as best they could, not
forgetting season their disappointment with such
copous Anathema maranathas against the authors OF
their Ills they thought tho called for The
Coal carriers the weakest OF the speculative l0
tho loss tor the day being 3X per cent Delaware
and Hudson and per cent ON Delaware and LacSa
wanna The sales OF this latter fancy imputed
20 operator who credited with extensive hold
lngs. and whose movements are frequently reported
by tho HERALDs Whitestouc ship ncws collector un-
der the head of ssYachting Notes" The coal shares
were followed In tho decline by Lake Shore, which
plosed lower than the opening - than point ;
by the granaers which followed close at its heels and
by tho rest OF tho list, which lost fractions moro
or less vulgar The ups and downs OF the
past few days are probably fair sample
what Is to expected Of tho market for the next
SIX weeks. The belief nevertheless obtains that
stocks being stored away ut each dccnc and that
the fall campaign will op with a brisk bull move
ment that will have for basis extensive limo of
boarded sharos that will have been acquired the
present apparently cheap 6gurxs.
TRANSACTIONS or. THE DAY.
The number OF speculative stocks dealt In
nj tho Board 175 332 OF these "a 936 wore Lake
Bhore 33.65O Lackawanna, 100 Northwest COM
mou $50 orthwest preferred, a. 975 ST. Paul CON-
mon 10 go ST. Paul preferred, $500 Erie Railway,
A025 Urion Pacific, 39l5 Western Union, g S32 Della
ware and Hudson, 500 New Jersey Central. ], 600
Hannibal and 81. Joseph mon, 100 Hannibal and
b. Joseph preferred, 200 Michigan Central, l,l00
Wabash, S29 Chicago, Burlington and Quincy, 200
ONO and Mississippi. 200 Illinois Central. $40 Morris
ana Essex, 800 New York Central, 100 Pacdc Mail
PUNCTUATION. asrelh
The scope OF the fluctuations In these stocks In
Heated 10 the following table, showing the opening,
andl In nat nrfc Of n dav.