The New York herald., 1875-12-18
FINANCIAL And COMMERCIAL.
Wall Street Bulls in Bad Way-Thc Stock
Market Dull and FeatureleSS.
MONEY ON CALL LOANS HARDENING
Gold Unexcited at ia 3-8 la 1-S-Rag Pa
per S762-Goyernmen Bonds a TriAe
Lower-GOod Railroad Bonds Firm.
WALL STREET.
FRIDAY, Dec. l7-6 T. NJ. (

I
FRIDAY Dec l7-6 r NJ
The Jupiter Tonans of the Stock Exchange whose
Olympus, local habtation name-on door plate-are
situated in Forty seventh street. being OF
generally and thus incapable ofhunderng matters in
Broad street for many days past have borne the aspect
of calm Having driven all really legitimate
speculation from the field and quietly constituted
himself the arbiter reru Jay Gould has succeeded in
placing the entire Stock Exchange busincron lder his
thumb Stocks are up or down. lively or d. pressed, as
he wills It, Operators solicit his and almost his
permission to act and when acting do with fear and
trembling, for they have no faith in the and dis.
trust his advice and his promises Is it surprising
then that real legitimate business has been driven
from the Stock Exchange and that the bee noire like
the dragon OF Ware, is the rampage, seeking
whom he may devour2
There being genuine explosion from Olympus this
morning Jove being hors de combat Of the lesser
gods his followers and retancrs essaycd to steal his
thunder and banged away at the opening Of the market
with fidelity Of imitation that seemed almost the real
thing However, it the old story OF the the
lions skn-the bray could be mistaken for the
and the long ears would beray themseves-so
stocks, which started up at the of
the market under the idea that Gould buying,
quickly lost their strength and fell back TO their old
position OF atrophy and duncss
Erie Railway which quoted at the close of bust
ness on Thursday at 16l4, came into the Stock Ex-
change this morning with very black eye, as though
IL had been in disrepuable company over night and
had not got the evil which had picked up
when It kept company with Jay Could jim Fisk and
other spirits equally dssolue The black eye was said
to have been administered London yesterday the
saultng party being in the shape OF assessment OF
So per the stock Whether the rumor be true
false matter of figures that the shares opened
at decline Of nearly point from previous closing
prices, and that organ Of vision II not black
deeply darkly beautifully bluep until the very end.
AS for Lake Shore, the old battle fought
agan-the Gould party with Gould left out Qike the
play OF "Hamlct without Hametl the bull side and
the Twenty third street party that Of the bears The
wrange persistent all through the day, and
at gong sound the battle fairly drawn one, for
the opening price of64 also the closing Of the
day.
In other stocks there is little be said their temper
being dull and fluctuations Insignificant Pacific
Mail at time threatened break but
speedily rallied, as it was necessary that
it should be, while puts" at 40 are still
impending. day two viii get these
out Of the way, and then tive will see what shall
see." Union Pacific apparently left TO the atten-
tion of the 'demnitlon bowbows" into whose charge
IL Is likely go altogether Of these days, for 500
shares the entire Of salcs-a non-conlding
public declining larger interest in Goud's speciality
Money tight broker at in the morning
and lent as high per gold but fell OF
the close four per on offerings from promi-
mont bull house
twas rumored that the Twenty third street party
taking advantage Of the scarcity natural this OF
the year, endeavoring create squeeze in the
currency for the purpose of breaking the market and
particularly Lake Shore II will be prudent to accept
this report clm grano salisand the bigger the grain
the better.
Pacific Mail opened at 4oA and sold at 4Ok 40 4o1S
with several transactions on buyer so at "a per cent
above the regular price, which the
per cent interest," is equivalent to paying 1874 per
per annum for money. Western Union very dull
and sold at 75S 76 75a. a757s. Erie in response
break in the London price, opened at IL
against 167S last night and sold at 15%
a 1eX 157S a l6 The reason assigned for
the quotation in London is shat the meeting
held there yesterday, it proposed to the
stock Sc per share Lake Shore simply used the usua
quantity OF soap in its washing from 6I 61n a61k
61n 61k Michigan Central yielded from 6Oi4
6O5I to 60 6ols Northwestern at no time during the
day exhibited that buoyancy which should belong
stock on the brink of-paying dividends, selling
from 39H 39lS TO $685. while the preferred vhrated
between 554 55Z and 551s ST. Paul sold at 35H
354 351s, and the preferred at GO 66S. or Union
Pacific there was not sale until after midday, and then
only at 75 Rock Island showed weakness limited
business at l04L a 1046. Wabash was steady at AZ
~. OHIO and Mississippi could be bought sold all
day at the price OF 167s. The remainder Of the
list calls ior comment
ADVANCE AND DECLINE
The changes in the closing prices compared with
those Of yesterday follows
ADVANCE Atlantic and Pacific Telegraph Y; New
York Central, u Michigan Central u Delaware and
Aackawanna, - Erie, 70 Hannibal ana ST. Joseph, 4
Harlem, y Lake Shore, "a; Northwest y Ohio and
Mississippi, y Pacific Mall u Rock Island y; st.
Paul, u Toledo and Wabash, Il Union Pacific 4
Gold, 4 Erie, in London. ~
DEcLINE.-Ncw Jersey Central, y.
UNCHANGED Northwest preferred. Panama Quick.
silver, St. Paul preferred, Western Union 3G5 Dis.
trict OF Columbia bonds.
THE SALES TO DAY
amounted to 900 shares, which distributed
among active stocks folows:-Ncw York Central and
Hudson 4so Erie, % 425; Lake Shore TO- $50; North
western, 1000; Northwestern preferred, 1925; Rock
Island 400; Pacific Mail, H. 7oO Paul. 900; ST. Paul
preferred 100; ohios, 1900; Western Union, 37OO;
Wabash 200; Union Pacific, 5oo Panama 100
OPENING, HIGHEST LOWEST PRICES
The following table shows the opening, highest and
lowest prices Of the day