The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-03
FINANCIAL AND COMMERCIAL.
Another Dull Day in
Wall Street.
GOLD 1Ol 70 A 1O2.
Government Bonds Fairly Steady, States Dull
and Railroads Higher.
Money on Call Easy at 4 3
q 8 Per Cent.
WALL STREET,

SATURDAY, Feb 2-6 +. Nh
Although It has been many long day since tho
cornucopia was q symbol Of abundant trade upon the
Stock Exchange nobody expected that business would
peg Of little end Of the horn completely as
1t has done to-day. For minutes at time the
''ticker" was mute. when 1t gave voice en-
poyed rather Ia checking of the items OF stocks sent
10 the wash' than recording bond fde transactions
Taxing all dealings togethcrlegitimate aud ilegit
mate-there were not commissions enough earned to
Keep board members In a weeks supply of gin and
tobacco much less to expand the augusta don't. "
which, ON tho contrary, appear TO be growing mar
rover every day. 1t would seem that the Moguls of
the market have become tired OF drawing up round
robins with each other, by which stocks,
passing from hand to hand, at the end OF the
day come back whore they started from, and
resting until something shall turn up. The hope
is that this Micawberliko appartion may BIO In the
Bhapo Of Public with I'M appctits sharpeued tor
shares but the Stock Exchange "iooled with
hope" for the last three years. and there is little
cause to believe that 1t is going to have any better
luck for three come While tho earnings of the
great trunk lines and carrying feeders salts
factory enough to enhance the value oil these proper
ties and give air expectation Of dividends for
timo to capitalists unwilling invest, and
shun temptation as they would a smallpox hospital.
Consequently great blocks Of stock remain In few
tho proprietors thereof would gladly wash OF the
whole business, provided outsiders would only
put up the soap. AS 1t Is there Is positively
NO market at present figures outside OF the
professional ring and there does not appear to BIO any
chance of ono until holders willing 10 submit 10 a
lower standard of prices. Consequently trade Ia
blocked, and daily fluctuations are so insignificant
that room is left for profit after deductiug the
commissions which the prohibitory idiots OF the
Board have Inflicted upon the business. The most
considerable trading this morning usual In
Lake Shore with aggregate, however. Of less than
eight thousand shares. Delaware and Lackawanna
followed next for $780, and ST. Paul at its heels for
about the Same amount AS for the rest Of the list It
was ''a leather or prunella," machine made and I'M
attractive There being nothing to move prices the
market deserves credit Tor being steady, which 1t
was the day through aud So in tact, closed, though
there small advance In Erie and Ohios aud frac
tioual falling OF in the Vanderbilt spccialtes.
OPENING PRICES.
The opening prices 81 stocks at the Board to-day
were:-Western Union, 76T; Lake Shore, 62; Rock
fsand, 993< New York Central, 1861; Delaware,
Lackawanna and Western, 503<; Delaware aud Hud-
Eon, 49A; st. Paul. SIX; Northwestern, 35A; Pacific
MAIL I'm; Illinois Central, 7e>G; Erie OK Ohios,
7A c., G. and L. c., 2X; Hannibal and ST. Joseph
preferred, 25H; New Jersey Central, 17h.