The New York herald., 1879-07-03
FINANCIAL And COMMERCIAL.
The Stock Market Weak
and Dull.
MONEY ON CALL 3 A 6 PER CENT.
Government, State and Railway
Bonds Strong.
WALL STREET,
WEpNKsDAY, July 2-6 p. M.

"WEDNESDAY July 2-6 +. MI
We're It not that stock gambling. like nature. abb
hors vacuum. the Stock Exchange to-day might as
well have been shut up as not. In its paucity Of
transactions and feebleness ofuctuations there was
nothing to elevate the market above the plane Of an
eventless Lowell Speculation here and there CO.
quetted with stock two. with the result of
fractional Improvement in some and of frac-
tional decline in others In no instance, however
was there sufficient influence brought to bear to
stir up the market into anything like animation
In fact the sipAuence'' is out Of town. yachting
may be. lounging through the long summer
days without much thought Of Wall street
of the poor devils of brokers who are
left behind in the almost hopeless expectancy Of
picking up here and there o stray commission. The
leaders Of speculation having, speak, left their
p. P. Cs upon the market, such business as re-
manned has been turned over to small traders and
professional scalpers. From all appearances these
latter have made little Of their legacy The best
they have succeeded in doing is to keep the market
fairly strong and to prevent its sinking into con-
dition Of complete atrophy. This. indeed, was the
condition of things to-day. With the exception Of
two or three stocks the market remained blank.
In q small way there animation in the St..
Paul shares, which declined one per cent. Re-
ports Originated, quite as likely as not
for stock jobbing purposes). were circulated
tnAb ihoruluB giving BreWSouo eCcouuIS VI sAo
amount Of injury done to the standing wheat
crop along the line of the road by the
alienation of wet days and hot suns. If there was
field offered to the familiar moth there many
open to the corroding rust" and it was from an
apprehension of the corrupting influence of the
latter that the st. Paul stocks fell to-day There
was no change of moment in the anthracite shares.
New Jersey Central a shade stronger than yes
terday. The story Of suit being brought against
the company for back taxes and wharf privileges Is
denied We are informed that the company owns its
docks in fee with the exception of q small one
belonging to the city, and that all charges Of every
description have been paid up. There was q little
more animation in Iron Mountain, without improve
ment in prices, although the earnings for the third
week in June show the very creditable increase
OF $2O857 70 the time last year.
In the Mining Board stocks showed an increase in
activity and prices generally strong. report
that serious fire had occurred in the shaft Of the
Imperial mine caused decline in the stock from
81 So to 81 So Later in the day it was suspected
that the report had been exaggerated for stock job
bng purposes and the price rallied to 81 70 at the
close. Money on call remained at from to per
cent-en artificial drmness, which will be dissipated
payments for interes. and dividends are
well under way.
The extreme fluctuations in leading shares Is
a, tha all lowiD of nrc