The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-09
Lower Prices and Weaker Mar
ket for Stocks.
MONEY ON CALL l A Q PER CENT.
Governments Active and Firm, States Neg
lected, Railroads Dull and Higher

WALL STREET,

[
THURSDAY. August So Pm.
Business ON 'Change to-day exceptionally dull.
The market has stopped short eitncr because II Is
temporarily breath because It's condition con-
dennis gasp inacvively Tor the rest OF the season.
Either way tho day may DO set down as dies non,
both regards the sparsty OF fluctuations and the
absence Of interest. What there of either to
be sought for in the grangers. which absorbed such
floating traffic driited into the board room, although
there was too little Of latter to affect prices
cept in the smallest degrco. Consequently changes
In quotations hardly sustained the extreme OF
per cent in the most active stocks, scarcely reached
one-half per cent in the less active, and stood
quite still unchanged tho usually
dun ana neglected ones. The anticpations OF
sharp rally In the Wisconsin properties
have not been realized; buyers have been LETT the
and loud cry goes up because of the little
wool that the purchasers have far returned Upon
the action OF these buyers tho future of the
market somewhat depends. Should they BIO sup
ported by leading operators the grangcrs will prob
ably 60 higher; should they DO loft In state OF
orphanage so to speak, thoy will seek relief by seli
Ing out the best market pricc and the grangers
will lower II any one knows the views Of Messrs
Gould, Sage, Keene Hatch In this matter OF
percentage, tho Information Will be gladly received
and promptly acted upon. Meanwhile Western skies
are clear. the sbominalion of dosolatiou, which 1t
knowsdged to BIO less fatal than reported and there
Is a chance that tho Western roads will
not have to shut up shop for want
of patronage after all Prices to-day character
ICED by 'drag" which Is usually the lot OF dull
market In dull The result was scale Ut
dropping figures and termination that reduced quo
taions fractonaly below the best OF the
OF reports, rumors and stories Of any description the
board was singularly lrec tho only cxcep
tion being In the case OF the Ohio ana Mississippi
fancy. which is stated impossible OF revival by
sessment como to unqualified gret levy OF 81
per share upon the common Stock holders, Is said,
will pay of the floating debt and discharge the
cevsr and project OF this kind, not exactly deter
mined upon recevng the attention OF the officers OF
the company. There is nothing to notice in other
stocks and nothing 10 add. except that the market
closed passably Arm and exceedingly dull.
THE STOCKS.
Tho heaviest business OF the day was demo in the
ST. Paul stocks, 19,635 shares OF the common being
reported sold at the Board and IL 73O shares OF tho
preferred. Northwest was the next active, IA, $50
shares of the common and 13 TO shares the pre-
ferred being dealtfn, and Delaware Lackawanna aud
Western followed with 1900 shares reported
Other active stocks sold--Ere, $500; Lake Shore,
g. 700:. Ohio and Mississippi, 1915; Union Pacific,
$500; Western Uniop, LOCO; Delaware and Hudson.
BIS; New York Central, so; Rock Island $780, Pitts
burg, IL; Michigan Central, 600; Wabash, 400; New
Jersey Central, 400; Illinois Central Ito; Hannibal
and ST Joseph, $50. These loot up total OF 1o6 500