New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-20
SATURDAY. Dec. 1877. VI.
1OA. M.-sALEs BEFORE THE CALL

SATURDAY, Dec. ls-P. VI.
There is nothing new 10 report as 20 the condition
of the general trade Of the country. Business con-
tiuues 70 be dull while unusually large supplies OF
the products Of the Great West are held IN store,
generally al speculative prices whether these
prices are ultimately to be realized seems to be
matter Of much doubt at present, with the chances
rather against the spectators than otherwise in
financial circles the business Of the week has been
ouiet and dull The demand for money on call has
been little better or at all events rates have adj
vanced somewhat the business Of the week having
been at 4 to per cent, closing to-day, how
ever at the lower rate. Foreign exchange has been
generally strong and higher while gold has been
steady until to-day, when il exhibited symptoms OF
weakness in dropping to 1875. The range OF tie
week has been II4l2G1135s, closing at 1854, or a
decline OF 3 per cent since last Saturday. Govern
ment bonds continue strong and show fractional
advance for the week. We see il intiuated that
strong parties here are purchasing United states
securities in anticipation Of higher prices the bonds
being purchased from German bankers who lmpor,
them from the fathefland. Ia Southern state bonds
we NOE d decline in Tenuessees, resulting from the
announcement that the January interest wlI not De
forthcoming In railway bonds there has been .
moderate trade at firm prices for well assured inter
est having securities. The speculation at the stock
market has been extremely dull the entire salesof tine
week footing up only about 41G,O00 shares hardly
more than what would be considered fair day ;
bueiDcss in tunes Of active speculation. Lake Shore
hes been the leading speculative stock, and has mo-
nonoiized nearly one-tLrd Of the business OF the
week. and with all the nursing the energetic pool
has been able 10 bestOw upon this tavOrite fancy,
the fluctuations have been only between 6O9a ana
62ls the stock finally closing to-day at ells, which
i decline If o. from last Saturday. There seems
IN be a very general indiHpOsiti0n TO make large
sneculative ventures 40 present and the impression
Of the most intelligent brokers and operators OF the
Street Is that we shall no activity at the STOCK
Exchange till after the advent of the new year.
Whether il come then OF not we must wait aud see.
With two or three exceptions in the line Of invest
mept shares. prices upon the whole list have
declined from Il TO 81 per cent, viz; C.. Z &
and Indianapolis. Missouri Pacific Missouri
Kansas and Texas. Pittsburgh and QnGN-
silver Preferred each Il per cent; Atlantic ana IA
ciGc Telegraph, Wabash and Western Union each
sc. c. and l. G., Fort Wayne, Illinois Central
and Rock Island, each l.; Lake Shore p CANON
81 Paul Preferred and Ohio and Mississippi each
5, Erie and North-Western, each Facihc Mall
Ia: Hannibal and St. Joseph Common ana ire
ferred and ST. Paul Common. each IL North-N est
arr, Preferred and ST. Louis and Iron Mountain, each
Ia. Michigan Central, Ia; Panama and Union
Pacific. each 2, ard American Express 3si per cent.
Chicago and Alton advanced y per cont; Harlem
and Aew-Jersey Central each l, and United states