The New York herald., 1875-12-15
FINANCIAL and COMMERCIAL.
Another Dull Stock Markell Tendency to
Lower Prices.
GOLD STEADY AT ia 3-s.
Rag Currency S7.43-MOney Easy at and 5
Per Government Securities
in Favorable Demand.
WALL STREET.

|
TUESDAY, Dec. 14--6 p. NJ.
The apathy which has the stock market
many days still hangs dark and threatening
cloud over things financial There little disposition
TO trade the opening and in that respect there was
strong contrast to the usual activity and strength
which has lately marked the commencement OF busi-
As has the history Of days past Lake Shore
received the most attention. and starting OFF at 617
fell slowly from lack Of support to 602 at which
dgure the tide commenced to turn, and, being taken
at the food by the young operator the stock was car
ried back to the high water mark OF opening prices
Whether to expect days OF spring tides or
whether they will neap they have been doing
Gently short time will show
Western Union, Pacific Mail and Northwestern were
the only two other stocks upon the list that manifested
any vitay-such vitality is impaired by gayanic
battery to a corpse upon dissectng table.
Despite the official announcement that the dividend
would be paid upon Western Union spectators did
not to particularly "hankern after shares; in
fact, there sellers than buyers, as the de-
cline in price proved. This, in view Of its being
eight per and the fact that its officers scout
the idea of any threatening discovery being likely to
damage its prospects, is curious, to say the least of It.
But black friend appears to be in the fence STILL
and his ebony countenance is not an assuring one.
Pacific Mail was far transactions go, nearly
stagnant; but apparent life impaired to the
group Of lockers by the voceration of brokers with
bids and offers, who produced that deectable result
know in vulgar parlancc great cry and little wool" /"
There is considerable reason to believe that Pacific
Mail will remain quiescent for few days more at
any rate fall below 80 Goulds puts' 40 for
large amount of the stock mature about the 10Th inst,
and the money pockeed for them must be secured first
of ALL After this date what is to be done with
Pacific Mail of those conundrums that ''no feler
II iSou ohatla tba
OF the street whose appartlon in stock is fraught
with disaster the spectre at the Tuileres has not
get made up his mind what it shall take But,
be its inclination upward downward there is to
be thimbleriggng somewhere, and the conldng ones
will come to grief they have time and time before
Chicago and Northwest was almost tho only other
security the list that invited attention. There is
pool in this stock, but it is not demonstrative ap
pears to drag out vicarious existence, being in
6uenced by the strength weakness
OF the general market than by any efforts of It's pool
managers In fact this combination, like many others
that have been formed seems to stand in of Jay
Gould and breads to lest he should essay spoil
their plans under the inspiration ofpure cussedness
II an unhappy time for combinations at the best
FOR loaded up they and houndering the mire OF
Intense dulness their pitiful appeals the Jupiter
outside support meets with no response And this is
cause the dearth of business Lake Shore is in
the hands OF a clique SO is Western Union and so is
Northwestern
Having laid in large supplies OF their commodities
the projectors Of the pool find themselves in position
where 1t is impossible to buy sell what they
have No advance OF prices has taken place and the
load becomes daily more wearisome. What is to be
done9 is easier asked than answered and each at
tempt to cast the burden upon elses back
results in break in values their position is much like
that of Sisyphus when the rolling each
Of weakness threatened to fall back and crush him.
Il is difficult to the way out of this dilemma until
such time the reviving interests OF the country
prove that railroad worth what they are sell
ing for and that reported gains have been fairly earned
and divided. Meantime the load must be lugged as
bcst can unless its bearers choose to throw
board and the chance OF such etsams otsams
as the waves may cast ashore.
STOCK MARKET.
The following is a detailed statement OF the
principal fluctuations OF the active stocks to.
day:-western Union, 76k q 757S 70 a 757.;
Pacific Mail, 4oh 40T 40% 4Oh; Central
and Hudson, 1861 1861 1854 Erie 165S 1914
10y; Lake Shore, 81 Il 6OA 611s; ST. Paul. 357S
a35h 35X preferred, 65Z 60; Northwest 395s
39h, at which price the stock extremely dull until
about two O'clock when, the laundry having been
in notion the price worked up to 40 a 405S. at
which prices some Q, 900 shares recorded the
sum of linen washed The preferred stock, the price
ofwhich furnishes no guide to the value Of the
mon because 1t has to about 81 600 600 per
mum from the company's net earnings before the
any interest in them, sold at 56S 557 56f
Michigan Central at COZ COS co.,, Rock Island at
1o4h 1O47S 1o4%, Hannibal and ST. Joseph at 2l7s
21h 21A, preferred at %; Ohio and Mississippi at
17h 16T II, Union Pacific at 1913 a 10 76t4 75al
70 and Pacific and Missouri at 12 11gS. The other
changes unmportant
SALES TO-DAY
amounted TO s., 800, which divided among the
active securities follows:-New York Central 1885,
Erie 1900; Lake Shore &c 400; Cleveland and Pitts
burg 22O Northwestern, 10, Soo do preferred, o2O;
Rock Island, 1000; Pacific Mail, 6,90o st Paul. 5oo
do. preferred, 1000; ohios 9,7oo; Western Union,
o, sOo Wabash, 3OO Union Pacific, $500; C., c., c.
and l., 100; Panama 800.
orENISG HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and
lowest prices Of the day
Opening Highest LouesL
Now York Central ....... 1854 1864 1867