The New York herald., 1874-12-15
plNAhCIAL and COMMERCIAL
An Unsettled Condition in the
..~..a Stock Market.
GOLD FIR Mill So,
Governments, Railroad and Southern Bonds
Generally Steady.
WALL STREET,

SoNiAIt 0CCs ~ 1914
The opening OF the market was not attended
by the development OF new features The same
bid speculative influences that have prevailed
were again In active force, and the street wit
messed depression here and rise there that at
the close lett almost every one In the dark with
reference to near results The bearish attempts
OF the day were persistent and well maintained
but whether they ully accorded with the purposes
OF their projectors remains to be established. A
suspicion prevails that those who are accredited
with the depression Of stocks are them
selves secret buyers, being already assured
That the general commerce OF the coun.
try is everywhere improving, and must
by sympathy advance even the speculative
values OF the Stock Exchange. For many weeks
there have been experienced series OF sudden
and sharp reactions. but when traced TO general
causes they invariably fnd explanation in the alb
sence Of speculative funds-for the panic alb
stracted scores Of millions from active lin the
caution that attaches TO the ventures OF outside
spectators, and in the poverty OF those who,
operating locally as members Of the board are
frightened by changes that exceed the vulgar
fractions OF one per cent. There are still left
however,
FEW BOLD MEN
with capital, who do not readily succumb to an
tagonistic influences and who have 1aith and pa
thence In whatever side or the market they es-
pouse, and who, by their personal influence, con.
versaton and example, silently contribute In
giving character to the temporary situation. In
the face OF existing facts 1t would be clearly un-
wise to prognosricate concerning the immediate
future-tO say that one class OF operators are
selling and looking for lower prices or that an
other class are buying and waiting for improve
ment on which they count as one OF the elements
OF recuperatlon throughout the country. Whether
Western Union, Lake Shore, Erie, Pacific MAIL
Union Pacific, Northwestern, Wabash or any other
stock advances or declines Is question that, for
the moment, must be determined by the specu-
lators Of tho hour. The steady investor however
bases his calculations especially with reference to
the cheap stocks, upon premises OF his own and is
not apt to be dismayed by figures which his expe-
rience has frequently taught him during the last
ten months suddenly react rom the most threat.
ening to the most promising attitude. In BRIEF
the stock market is in that condition in which the
operator must personally draw his own inferences
concerning existing facts, and determine by the
character OF his bank account and his transactions
how long he can afford to wait for profit.
THE DEALINGS ON THE STOCK EXCHANGE
to-day amounted to 125, 600 shares, OF which the
subj0ined table exhibits the principal dealings:-
New York Central and Hudson, 625; Erie, TO- 100;
Lake Shore, $500; PittsburR, $40; Northwestern,
1850; Northwestern preferred, soe Rock Island,
500; Pacific Mail, 80, 100; st. Paul. S,6OO Ohios, 1907
Western Union, 24,SoO; Wabash, 1850; Union Pa
ciac, 1900; c., @. and ]. c., 5000.
HIGHEST AND LOWEST PRICES.
The following table shows the opening. highest