The New York herald., 1874-12-17
Stocks Shou j Slight Advance with
a S!rouger Undertone.
GOLD Ill 5-6 A Ill 3-S.
Money on Gail Loans Abundant
but Firiner.
GOVERNMENT BONDS STEADY.
WALL STREET,


v EDNEsDAY. Dec. 1876 r. M.
strong undertone was exhibited at the close
OF the stock mar..et to-day, and in many business
circles 1t was intlmated that prices were about to
change for the oetter. This belief was verified by
figures that Indicated general Improvement.
Concerning the causes we only know that the out
side commercial situation invites sympathy ana
that there are opportunities offered Tor invest
ment at low figures which promise good results.
1t Is an old Spanish maxim that "when things
are at the worst they begin to mend.n 1t Is to be
borne in mind that large number OF capitalists
patiently hold stocks at much higher than
present quotations and are awaiting the turn
OF the wheel that Will enable them to
realize; consequently that all the weight oil their
influence is thrown In favor OF every incident
that contributes to the attainment OF their pro-
jects. They constitute strong antag0Distic ele-
ment in every forced decline, are more or less
active and operative. yet have neither discipline
nor combination. Hence it is that one who Is
brave and bold may represent half million OF
dollars ana be more potent in the use OF his capt.
tai than score OF others who are Interested In
ten times the amount. and who, from the want Of
purpose, quietly sit down and see tho market go
against them. The time is not far distant, how
ever, when both OF these forces OF the street Will
be brought IN more direct opposition, when 1t
will be dlscove which side natural causes are
working and real commercial strength Is ranged.
It Is but natural that those who are analytlcall
familiar with certain stocks should base their
faith upon the weakness or the same and predict
misfortunes that may eventually come; but until
the discovered rottenness fairly appears 1t is
almost useless TO attempt TO convince SPECTATORS
that there is ruin in permanent investments, or
that any bull market does not afTord opportunity
to place money "where 1t will do the most good"
1t ia eminently desirable therefore, that every
railway corporation which is the subject OF criti-
csm on Wall street shall present. as often as prac-
ticable, ga clean bill of health" to the end that
Its affairs mny be examined and understood, for
when 1t successfully passes the judgment OF the
speculative experts 1t will always be measured
by actual values and always forcibly resist as
sault. How many oil Wall street stocks Will bear
this examination
THE STOCK MARKET,
Although at times described as dull, the aggre.
gate of the market shows transactions amounting
to $4,000 shares. These were distributed as lol-
ws:-New York Central 1,4o8; Erie, $500; Lake
Shore, %, 400 Northwestern 1l7oo; dopreferred,
100; Rock Island. 600; Pacinc Mail, 23,900; St.
Paul. $500; do preferred, so0 Onlos, $500; West
ern Union, $4,000; Wabash, 2l,2e0: Union Pacific.
10, lOO 1t will be observed nat the bulk OF deal
ings was IN Lake Shore. Pacific Mall. Wabash.
Western Union, Union Pacific and Northwest
common. Taking these as leaders we md that
the movement IN them was In an upward direction,
the range being from Y 10 per cent.
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest
Of tha