The New York herald., 1878-09-18
FINANCIAL and COMMERCIAL.
An Unusually Dull Day in
the Stock Market.
GOLD STEADY AT 100 3-S.
Government Bonds q Shade Weak, States
Dull, Railways Strong
MONEY ON CALL l-2 TO 2.
WALL STREET,

WALL STREET,
TUESDAY, Sept. l7-6 p. H.
We have had to-day ma, ket OF shreds ard patches.
There was not enough variation, In even the most
active fauciss. to make whole cloth one per cent
difference between the best figures OF the session and
the worst ones Not oasis OF excitement IN all the
dull business Of buying and selling az Interchangeable
prices. Bedouin Arab, turned broker would nave
readily detected the intimate resemblance between
the financial datness OF the market and the topo-
graphical sameucss OF his native plains. Business
was in fact ''aat stale and unprohlable;' "nIt be-
cause there life IN 1t than Is to De iound
in yesterdays beer; sstae" because the arguments
used to advance deprsss quotations wero as OLD as
the hils and 'sunproftabe" because, without an ad
vance or recession prices, there nothing to be
rained by either bulls bears. So the day passed
with moderate transactions, nconsIderable changes
and nothing to speak OF In the way oil proh1-
able returns either to tho commission brokers, puro
and simple" or to the speculative gamblers who are
too hardened aspire either OF these virtues. As
has happened day in aud day out for weeks past the
granger shares and Lake Shore absorbed the MAJOR
part the MORNINGS trade Some business fell to the
10. OF Union Pacific and Michigan Central; but the
arst suggested thoughts Of the aundry and Mr. Gould
rs swasnee washee Chinee,' and the second OF Mr..
Vanderbilt as "Muldoon, the solid man, who In
tended TO keep prices OF his stock steady even II
he did not advance them. The meeting OF tho Coal
Com pnaton Board OF Control called for to-day might
have offered an excuse Tor some speculation In
the coal shares; but the occasion was not availed
Of and prices remained steady and sluggish.
Nevertheless the board met al Long Branch, ana
under the soltening influence OF the "sad sea waves
concluded to extend the production for October TO
/. .2ooo QUO tons as against the allotment OF 1ooooOo
tons ior the current month. Besides this, they de-
cded to "stick" representatives oil the Combination
until April l, 1S79-an action which insures seven
more months Of the monopoly. Vulgariy speaking
the ohio and Mississippi Railroad SUBCOMMITTEE
have ..got upon their ear" because of tho unpala-
table representations OF the RECONSTRUCTION committee
OF the same Ioad. They assert that the purchase OF
the Springfield division Is the rock upon which
the prosperity OF the Ohio and Mississippi
has split and adduce proof dsures which
show that the purchased road has Jailed
10 uoet expenses by $51, $40 80 during the first
seven months OF 1873 Tney also give 1t as their
op,pion that without a reduction OF the "Biood-
GOOD clann 10 adjustment OF the existing difficulty
can that there besides exist very serious
obstacles to reconstruction tho 'compcated nature
OF the floating debt and In the unpaid taxes famoun
ing to over $685. 0o0) which claimed by the State
of Ilinois IL would seem that tho whole business Is
in the knottiest kind Of snarl and just nov there
seems TO be nobody ability enough to disentangle
H. In the general list prices were shade OIL from
the hest ones O. the day. and the market closed with
tut feature.
RANGE FLUCTUATIONS
Following are The opening closing and the highest
prices oil the day, with the three O'Clock closing quo
tatlons-