The New York herald., 1878-02-05
The Stock Market Dull and
Slightly Weaker.
GOLD lO2 1-e A 1O2.
Government Bonds Weak, States Steady
and Railroads Higher.
MONEY ON CALL EASY AT 5A6 PER CENT.
WALL STREET,

MONDAY. Fob A. 6 p. ~
Constructing a diagnosis IRON the eebleness OF tho
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,cuis mortis tha, nothing LETT but de-
Gently pull down the blinds, hang hatchment over
the door and place Grape the knocker. Though re-
duced. IL was to the morbund condition expressed
by transactions amounting % 900 shares the patient
rallied to-day with pulse that beat up to $4,000
shares, though the Improvement cannot be regarded
us either lxed assured. Up to the total OF
transactions scarcely reached 5000 shares all told;
aiterward some litto vitality manifested It.
sell, and the aggregate OF the day was
rounded or In total OF 10000 shares.
Fortunately for the market (Which in the absence OF
any outward attack was In fair way to expire from
inanitlon alone) news circulated that the Black
Sea to be definitely opened, that the Odessa
granaries would be speedily tapped and the European
markets glutted with the wealth OF gram which
Southern Russia Is known to have produced. The
effect upon the homo markets, both for breadstufrs
and railway shares, was immediate II not serious
enough so. however, to depress tho price cereals
1t this port and at the great Western entrepots aud
10 the price OF the grain carrying railroads.
The latter effect especially felt In the North
western and st. Paul properties, which were tho
weakest stocks In the days speculation. Tho Silver
bill, which is beginning to ourn into the credit
Of the country, though causic union
had been made between the metal and
nitric acid, was 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,
IRE 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 10 destroy they first mako mad'' there
should be little show for existence for the idiots who
n present infect the seat OF government While tho
Stock Exchange mouldcring away under It's pronbi-
tory commis ssion law the adoescent Mining Board is
growing into strength ana favor. Seats which could
have been purchased for $50 twelve months since
now worth $780, and The familiar faces OF Stock Elk.
change members daily increasing upon tho floor
oil the board room. The petrilactons 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 inanes until some 'cute Snowman shall en-
brace them list of curiosites tho Cardiff
giant and the petrihcd Of Colorado to which col
lection they unQuestionably belong.
OPENING PRICES.
The opening prices of stocks at the Board to. day
were as ioows-Now York Central, 1O5h; Erie, 91a; +;
Lake Shore, 6lX; Wabash, l61s; Northwestern, s5ss
st. Paul, 37X; do preferred, 6Ssx; PIttsburg 72&;
Delaware, Lackawanna and Western, 604; Now Jer.
sey Central, 17X; Delaware and Hudson Canal, 49x;
Michigan Central, COZ; Illinois Central 76x; Union
Pacific. 67x; c., G. and l. c., 8; Hannibal and st
Joseph preferred, 254; Ohio and Mississippi, Q;
Western Union, 1917; Pacific MAIL 221a.
CLOSING QUOTATIONS.