The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-26
The Stock Market Very Ac-
tive and Weak.
GOLD 100 IL A 100 So A 100 IL.
Government Bonds Firm, States Dull
and Railroads Irregular.
WALL STREET,

THURSDAY, July 25-oP. NJ
The continued weakness In the st. Paul properties 10
proving drain upon the speculative system,
aud 10 day the whole stock market succumbcd to It's
influence. Even Lake shore and Erie, which seemed
strong enough yesterday to buffet any probable oppo-
siton TO further rise, gave way In dsmay at the
granger outpour and closed up weak and ieverish
The Of to.day's business centred about the s.
Paul speculation The price OF the common stock fell
from ASK to Al and OF the preferences shares from
79H TO 76k, and so closed, without symptom OF
rally, present prospective Holders, whether upon
margin Tor Investment are thoroughly frightened,
and bears, their wont, are busy making bad
appear WORSE by AIDING short sales to depressing ru-
mors Among those latter we are furnished
with reports OF q revival OF old ana time.
worn suits against tho company, which even
tho plant d. confess redoent OF "ancsnt and
Hsh-like smell, and we deugsd with tales from
the OF new and disastrous injuries to the crops
The kilograms come ireighted with the news Of un-
favorable weather-of gain, heat and damp and OF the
salamites which necessarily to follow In their
wake. How much OF these reports 10 true ana how
much false, how much has been procured TO be made
or stock jobbing purposes, and how much Is an
absolute ac is open question. 1t Is TO be Kept In
mind however, that the reports often days back were
proved to be grossly exaggerated, and faith in the
present ones should be received with due caution
morning was evidenced by the decline IN the stock,
and nal figures showed that the presence Of uube-
iieving Thomases in the market was small indeed
The Northwesters suffered two per cent drsp in SYM
pathy with sorrows OF their companion granger;
Lake Shore Western Union and the coal carriers fell
of TO less degree, but enough to follow suit to the
of the avorite the rest OF the list staggered
whom 1t did not stand still Erie at one time had
gained nearly per cent upon opening prices but
Buccumbed Reluctantly at the end although the move
msnt is tostered By English capital and derives It's
Inception and chief support from abroad. There was
decline of TWO points likewise in Delaware and Lack.
awsnna; their greater allotment Of tonnage to tho
combination companies 10 not looked upon favorably
Ind experts that tho months production will
surpass the demand by 100000 tons and upward. The
MARKET closed generally at tho lowest prices Of the
aay and altogether fcverish ana unsat sfactory.
OPENING PRICES
The opening prices OF stocks at the Board to-day
we're as follows:-w eaern Union. 90; Lake Shore,
IS; Michigan Central, 81; Rock Island, ll@,s; Della
ware Lackawanna and Western, 81; Norris and Essex
az; New Jersey Central. 81; Erie 17ss; Delaware
ana Hudson, 57H; Obios. 8; Milwaukee and st. Paul,
I5ss; do. preferred, 1917; Northwestern, AK, do.
preferred II; Pacific Mall offered 16; C., G., Z. and
l., 26X; Hannibal aud ST. Joseph preferred, FIX.
CLOSING QUOTATIONS.