The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-13
The Stock Market Active ant
Weak
GOLD STEADY AT 100 IL
Government Bonds Firm, States Steac
and Railroads Quiet

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speculative matters wero as "olue" Indoors to-day
as the weather blue Of doors, and during the
last hour tho stock list showed such laxative symT-
toms In the way OF prices that one could imagine u
10 have been treated to copious dose Of hlus
"Biue bulls" though better known TO ancient tavsra
sis ns than the art Of hcradry, werc plentiful
enough to-day in propr1d persona and pervaded the
board room iu a state OF csrulcan "dumps," which
tho break in the market had imposed upon them. u
was sheer cruelty the mals. moreover, Tor the
tnurv came frou tho least expected quarter, being
inflated primarily by tho ST. Paul stocks, which, like
Cnsar's wiio tho bulls have looked npon
above suspicion OF my baaksI'ding Novsr
,h..s. sueh was the case th~ common stocs
falling Oh and the preferred &c
an. and haIf points from tho highest prices OF tha
day ana recovering scarceIy moro than y per cent IN
final deaiingS FIse sales. made for German nonss
wn,cp mas hitherto been esteemed firm believer IN
tho property, at once staggering ana 'ncom-
prehcnsibe. and the weakness thus initiated waa
subseo ueutiy added TO by tho vague and apparently
very absurd report the anticipated October dv-
dan de would not bo declared Ia the prasent sloppy"
stnto of tho market, however. the most Whimsical
rumors possess authority Of facts, and prices are
az likely to take fright at lamb as At . iion the
companion granger, Northwest, was adversev
affected by tho weakness In ST. Paul, though to
smaller degree. tho fall being limited to less than
single point md being stou,ly resisted ~ tho pre-
fcrrcd stock, which attracted buyers At every
e,rhtb decline Tho most serious break Of the
day occurred in Now jersey Central fancy, which
declined from 45x yesterday TO S9a to-day, though
Ao,I we're made the closing figures. AS the rise was
essentially due to display OF speculative pyrotecn-
MICS rather than TO any basis OF solid worth Drill
liant scintiation natural precursor OF nna OF.
plssion, Next to the stocks named Delaware and
Lackawapna was in the van of activity II was evil
dent that ..somebody FREQ seller aud street do
,cc,ves traced ordor-or thought they did-o the
sanct,sm sanctorum OIL the company's omes
,,..lc Whether true or false tho discovery
Was sufncientIy alarming TO create Imitation
among outside holders who parted with their
propertx with much alacry and at declining ngures
curiouslv enough LAKE Shore stood the racket the
hest OF us ne,ghbors losing but u PSF cent on The
da rs business spite OF gloomy surroundings ana
the ham sring to which II was submitted In otner
stocks interest restricted, dealings oeing sman
and changes in pricos unmportant Al the presens
writing nothing Is at hand from Saratoga respecting
inc ros uts OF the railroad conference. II 10 prooaoe
that the whole matter will end ~ It began, win .
special view 10 regulate tho business and institute
eco monies upon the roads that arc particularly ""n"
Mr. Vanderbilts own control
OPENING PRICES
IN. opcnius prices Of stocks the Board to-day
-cre A tollows:-New York Central 1o9ss Erie, l6H;
Lake shore. 6lA: Wabash. IA; North Western, 6lH;
do, prcierrod. 7Sk; Rock Island, lle%; Milwaukee
and ST. Paul. SAY do, preferred, S4 P'stsorfg, S5x;
Delaware, Lackawanna ana Western, COX New Jerscy
Central 43; Delaware and hudson Canal, 50; Nor.
r,s and Essex, SAY; MIcngan Centrsl So; iiinot
ceu,ral So Chicago, Burlington ana QUINCY, ll2%
Chicago and Alton preferred, lo2; Hannibal and
Joseph preferred, 27K; Ohio and Mississippi, q,
Western Union, s9x; Atlantic and Pacific relegraE
27h; Pacific Mail. l7h.
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