The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-08-22
btock Market Active, Irregu.
lar and Weaker.
BOLD DOWN TO 100 10.
|oyerument Securities Dull and Firm, States
Quiet and Railways Strong.
MONEY ON CALL l A 2 IA.
WALL STREET,

WEDNESDAY August 2l-6 p. NJ
From the course OF the market to-day 1t would
that as little is TO be put stock jobbing
appearances as there is in princes and that both may
urn out to be slippery factors If occasion demand IT,
Tho temper OF last evening, which was certainly
more Dullish than bearish, whipped over sido
Df The minority at the very outset this morning,
Ind for time 1t looked though bulls and bears
had spoiled their issues" and gone in hand-in-hand
or lower figures The swing OF the hammer, how
over, was easy OF detection, and tho howl of the
selling brokers smacked strongly of anvil chorus
which had not truo note in it, Notwithstanding
the artificial nature OF the attack upon values tho
suffering to tho active stocks was as grea; as
II IL had been instigated by good aDd suni-
pient reasons. Tho decline was felt along
she whole line and ranged from q TO l% per
rcnt the grangers, Lake Shore and Michigan Central
being tho most roughly treated Tho railway market
was made tho pivot upon tho action OF the Saratoga
meeting and of disagreement were circulated
before tho gentlemen composing the Congress had
had their breakfasts Later IN tho day private tcle
grams spoke encouragingy of the results likely TO be
attained, and the course OF tho market turned up
wnrd again the final dealings had
materially better prices though with the exception
Of Central and Hudson they equal to opening
ones Tho meeting has adopted the business-like
method OF referring oil disputed matters to commit
tees for examination and report, and further
ton will DO taken by the meeting at large until these
reports are rendered. Thus far tho subjects OF
.slhng commissions passenger fares, tho
portston OF 1.-Two stock and the pooling OF trunk lines
have been lett to these committees, and the lattor
will proceed 10 invite the OF the rail-
road ayers upon tho matters. After midday the
coal carriers became figures which recovered
tho loss OF the morning, and even improved at the
close upon the opening ones In the action OF the
Board OF Control, which was hold to day, and at
which all interests represented, to be found
Inc secret of this born strength. An aot-
nent of 1000. 900 agreed upon the
production Tor September las against 1000, 900
ions for Augustl, and 1t Is quite probable
that thirty cents per ton will be added TO the present
schedule price. For apparent Western
Union proved TO DO OF the weakest stocks OF the
day, losing per cont; st. Paul and Northwest pre-
fcrrcd were In the Same category, and Lake Shore,
like tho unfortunate sJilln OF tho nursery rhyme
<'came following after" Tho theory expressed in
this column time back that the market for tho
next weeks would seesaw between u points OF
Advance and few OF decline has SO far borno
out by facts. When the shepherds return the tod
which they have abandoned we look for marked
production OF more WOOL II OF less cry, and with
shsuring process particularly operative upon the
OF the bear flock.
FLUCTUATIoN
Tho opening, highest, lowest and closing prices