The New York herald., 1878-02-05
The Stock Market Dull and
Slightly Weaker.
GOLD 1o2 1-e A 1o2.
Government Bonds Weak, States Steady
and Railroads Higher.
MONEY ON CALL EASY AT 5A6 PER CENT.
WALL STREET, |
. - q N ~

MONDAY. Fob. 4-6 r. ~
Constructing diagnosis from the ieebleness OF the
patient and the limited degree OF speculative heat
evidenced by Saturdays dealings, it was fair pre-
sumption that the Board OF Brokers were In state Of
art,cus msortis ana tina, nothing left but to de-
Gently pull down the blinds, hang hatchment over
the door and place Grape the knocker. Though
duced as was, the moribund condition expressed
by transactions amounting to 900 Shares the patient
rallied to-day with pulse that beat up to $4,000
shares, though the Improvement cannot be regarded
MS ehcr fixed assured. Up to noon the total OF
transactions scarcely reached 5000 shares all told ;
afterward litto vitality manifested It,
sell, and the aggregate OF tho day was
rounded of In a sum total OF $1,000 shares.
Fortunately tor the market (Which in the absence OF
any outward attack In fair way to expire from
inaniton alone) news was circulated that the Black
Sea was to be definitely opened, that the Odessa
granaries would be speedily tapped and the European
markets glutted with tho wealth of grain which
Southern Russia is known to have produced. The
effect upon the homo markets, both for breadstuns
and railway shares, was immediate II not serious
enough SO. however, to depress tho prico cereals
At this port and at the great Western entrepots aud
10 the price Of the grain carrying railroads.
The latter effect was especially felt in the North
western and st. Paul properties, which tho
weakest stocks In the days speculation. Tho Silver
Of the country, though caustic union
had been made between the metal and
nitric acid, conspicuous for evil upon
the London Stock Exchange to-day. United States
bonds, which had fallen In London, upon the passage
of the Matthews resolution, but ultimately recovered,
nre to-day quoted at q per cent below the lowest
prices hitherto reached the result OF tho effort
deprecate the national credit in Congress II there
be any truth in the Latnism that 'thoso whom the
gods wish TO destroy they first mako mad" thero
should be little show for existence for the idiots who
1t present infect the seat OF government While the
Stock Exchange Is mouldcring away under It's prohbI-
tory commission law the adoescent Mining Board is
growing into strength ana favor. Seats which could
have been purchased for $50 twelve since
now worth $780, and the familiar faces OF Stock Ex.
change members daily increasing upon tho floor
OF the board The petriiactioDs which consti-
tute the Governing Committee have succeeded In
driving away this promising source OF trade as they
succeeded In driving away the gold business years
ago, and undoubtedly will 60 on performing these
same inanities until some 'cute Snowman shall en-
brace them list of curiosites tho Cardiff
giant and the petrihcd of Colorado, to which COL
lection they uuQuestionably belong.
PRICES.
The opening prices of stocks at the Board to. day
were as iolows:-Ncw York Central, 1O5H; Erie, 9a; {;
Lake Shore, 61I; Wabash, 16H; Northwestern, 35s6;
do. preferred, 62M Rock Island. 90, Milwaukee and
st. Paul. 37X; DO. preferred, 6SM; Pittsburg, 72%
Delaware, Lackawanna and Western, 50x; Now Jer.
sey Central, 17ss; Delaware and Hudson Canal. 49x;
Michigan Central, 605a; Illinois Central, 76H; Union
Pacific, 67x; c., c. and l. c., 81 Hannibal and st
Joseph preferred, 25j4; Ohio and Mississippi, .;
Western Union, 1873 Pacific Mail, 22s.
CLOSING QUOTATIONS..