The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-12-23

tuary and for statgt,cian. /; the scrip continues
upon the markes unasputsd the present price
is very cheap. II IL should be annu'ied by
legal or Legislative act then Tie price IL
enormously dear. This Is the situation OF
affairs which so puzzles the street. There is
to believe that the speculative results OF the dividend
have not been so eminently pecuniary success TO
the clique or least they have failed to gather the
full fruits OF their scheme. They have the stock, Il
is true and quote 1t In the vicinity OF ISL 1885, but
their quoting il SO high does not make 1t worth so
much. Any attempt to 'unloadn ID immediately
followed by q break in price. They would like to
get these high figures for II, and, doubtless, did
sell good deal Mt them to "shorts," who
were forced 70 cover; but the great bulk OF
stock is yet in their hands, just as the
Erie clique are now "fulln Of unstable Erie after
their enormous purchases to make the corner on Mr.
Drew. There Is singular paralelism In both specu-
lations. The street was agitated to-day by rumors
OF an injunction the issuing Of the scrip, but no
interference took place up to five O'clock Any hos
tile attempt in this direction lacks strength from the
fact that the street was generally long Of the stock
and the "shorts" were comparatively few. Holders
are good-hum0red over the appreciation OF their
stock, and, just as certain feathered Dped
thinks her offspring swans, it is likely they viii
be apt not to think disparagingly OF their
own property, whatever views the disinterested
outside public may have OF their iniatuarion. TIE
price this morning opened at 154 l55, and thence
steadily declined to 15i and fr action, from which
there was reaction at the close, when the quota
ton was 152 o 1921. The Offering Of the stock with
any freedom was followed by sudden decline In
price. lts Withholding produced the opposite effect
that the fluctuations within the extremes of the
figures given above were quite numerous. IL
is only fair to say that the lowest figures
were the result OF the great activity in
money which set in about one O'CLOCK
and which carried down the whole market during
the interval the close OF banking hours. The rest
Of the stock list sympathized or less with New
York Central. Pacific Mail opened strong and ad-
yanced to 12l, owing to the large covering OF the
shorts, who probably had operated on the strength
Of the San Francisco telegram published last week,
announcing the commencement Of q very heavy suit
against the company. BY the way it might be wen
for thoss interested to make inquiries concerning
this despatch anu ascertain If it Is not another of
the many stockjobbing Preparations of certain
Geographic corporation. The transactions in Toledo,
Wabash and Rock Island kept pace with the business
IN New York Central The general list was heavy
after the best figures Of the forenoon, and regular
transactions closed with the following prices at the
last open board:-Cunberland, 81 bid; American
Express, 40 bid; Merchants Union, 1914 90; Quick
silver, u a 2la; Canton, AZ ASH; Marposa pre-
1crred, lS3s Il; Facinc Mall, III lis; western
Union, 33l4 "a; New York Central, 1917 15s;
Erie, IS 40; Hudson River 1905 1aosl st. Pau,
az 67la; do, preferred s4A SAY; Fort Wayne,
l104 11oM; OHIO and Mississippi, 80 soS;
Michigan Southern, s61s seal; Pittsburg, s3h bid;
Toledo, 971s 97sl; Rock Island 1llA ll2: North
western, II TIA; do, preferred 79s4 so; Boston
Water Power, IL 1884,
After banking hours there was an Improvement In
most OF the list, New York Central being the promi-
nent exception, and the following quotations pre-
vailed the street At half-past Eve o'clock:-New
York Central, 152 152k; Erie 50; Rock Island,
1929 1121s; Michigan Southern, s7ss s72s: Read
ing, s71s $751; Toledo, esa bid; Northwestern, ia
IN; Pacific Mail, ll8 asked.
The receipts for customs and the receipts, pay
mens and balances at the subTreasury in this city
for the expired portion Of the week have been rs
follows -
custom House. Sub 7fe0sifJY.-
Receipts. Recepts Payments. balances.
Dee. 21. S277,1l3 $12ol,64 S903,S0l $90,SlT, 23l
Dec. 3D.. 100000 12S6,274 5ie,494 91,054,01I
The value of exports, exclusive OF specie, from
New York to foreign ports for the week ending to-
day was s3,e6s,2i7 against IL, for the week
previous
The last two Philadelphia bank statements com