The New York herald., 1874-07-22
FINANCIAL and COMMERCIAL
Lake Shore the Feature of the
Stock Market.
Is the Commodore Going
to Lease 1t p
GOLD ITO 1-S A ITO Ii.
GOLD ITO Is A no Ii.
A Generally Quiet Day, with Few
Changes of Moment.
WALL STREET,

TUESDAY. July Z-6 L. M.
The usual midsummer dulness appears to have
Analy settled upon the markets here especially so
far as these are represented on the Stock Ex-
change to-day, although exhibiting a slight i'm
prOvement in the aggregate of dealings being
marked by the same indifference, the same stag
nation as distinguished yesterday. This is readily
accounted for BY the absence OF so many OF the
prominent operators who, having closed out their
interest IN stocks, have gone or summering,
quite Indifferent as to whether school Keeps or not
on Broad street, satisfied that when they come
back they can pick up again the broken thread or
their studies and resume their old places In the
class without much effort This Is virtually vaca-
tton time in Wall street, and those who are lett
behind in the marble building bring about
Es much interest to the operations in
the market as the boy who is "kept
IN" at school does in his penal hour to the uncOn-
sidered lesson Of the morning. 1t needs the rivalry
or the whole class to bring out the full powers Of
each member OF IT, and this is precisely what is
lacking on the Stock Exchange at this time. The
stock market opened quiet and dull. prices In the
early dealings declining u u per cent, which
was followed by an advance OF d u per cent be-
fore the second CALL At the second call there was
. slight reaction, and prices went or in some In
stances from the highest points. During the last
hour OF business the market was quiet, nuctuatng
The principal and in fact the only feature of the list
was Lake Shore, the aggregate dealings In which
were 4O,50O shares, comprising more than one.
half the entire list The fluctuations IN this stock
were also the widest, the stock going or from 72H
to 72K and rallying again to 73A The fluctuations
in the balance Of the list were only o per
cent
THE EXCITEMENT IN LAKE SHORE
was occastoned BY the repetition Of the story of
dividend, supplemented with statement that the
Commodore proposed to lease Lake Shore. This.
In connection with the report OF meeting OF the
directors tomorrow, subsequently explained as q
meeting OF the Executive Committee to be held at
the Commodore's once, in Fourth street. gave an
impetus to transactions in this stock that absorbed
almost the entire attention of the market. Re-
specttng the lease nothing definite could be ascer-
tatned, as nothing definite can be ascertained fox
publication in like matters while they are still in
process OF incubation. The incentive to the lease
Is SAID to be that the Commodore thinks
he can better a1Ord to lease that road
upon o guaranteed dividend OF even eight
per cent tnan carry onehan its capital stock
from time to time, as he is obliged to do in order
TO maintain control over 1t so as to sustain his
close connection lease would give him a
through line between New York and Chicago and
insure the constant employment Of the great ele-
vators he is now building in this city.
Should the Commodore carry out the IN.
tentions he is credited with there viii be lively
scramble on the Stock Exchange. The suhjoined
table shows
THE HIGHEST AND LOWEST PRICES
during the day, with the amount of sales ia each
stock. the aggregate being 80, 900 shares