The New York herald., 1875-12-24
FINANCIAL and COMMERCIAL.
Stocks Irregular and a Tri1le
Firmer.
GOLD WEAK AT ns s-S A LIZ rs A LIS Is
Money on Call Stringent, Yet Easy at the
Close-Goyernmen Bonds Lower
Railway Bonds Steady.
WALL STRICT,

THURSDAY, Dec. 2S-6 r. N.
Three days since we had to the following
language There Is doubt but that tho short In
Lake shore has been materially increased by
to-day's transactions thngs may be made unpeas-
AMI for Brun before ths end or the week" II rs verg
ing upon the end OF the week and things have been
made unpleasant for Bruin The Lake Shore party
taking courage iron their knowledge Of an oversold
market pucked up sufficient bodness this morning 70
make . counter march upon their opponents which
suited In quite q marked succesa Opening a. 5sX
Lake Shore moved with trcquen; fluctuations and large
transactions up TO 59 The highest point OF the day.
and closed but 0ne-half per cent OF tho
latter price Al the point or so there wore
developed strong symptoms OF she part OF
The Iwentythrd street clique, which took shape and
form when prominent broker in their interest ap-
peared . buyer OF somo 900 shares cover short
contracts THIS proceeding gave fresh impulse the
market for the outlying skirmshing shorts who have
been doing vldetie duty by indulgng in much bear
talk and very little bear action took flight also the
OF their leaders and fastened got OF dan
ger with the greatest alacrity Having literally gone
10 there game left 30 be hunted by the
"long" combination, and there being buyers in the
shape Of public the price fell or fraction tho
close as We have already stated. The rise, however,
small as 1t was, the occasion OF the suspension of
Mr.. George T. Dckenson, who officially notified the
board OF his inability TO fulnl his contracts.
Four thousand hundred shares OF Lake Shore 600
OF Western Union and 100 OF Toledo Wabash were
bought in under the rule for his account There
Significance in this failure as far as regards special
effect upon the market but 1t is simply another lawful
example, OF the danger OF skating upon thin when
the thermometer Is a. sixty degrees and there Is
money in the bank.
Western Union showed remarkable steadiness open
ing and closing at 72J, with intermediate fluctuations
nh -
were in connection with this stock Whispering hints
OF forthcoming damaging statement. prepared by
expert and inssgated by Jay Gould; but effect,
any, did not show itself in quotations
Michigan Central obstinately determined TO
rise to-day as il yesterday, aud gradually worked
its way up good one per cent from the early price,
and what Is quite remarkable stuck TO the best quota
tion at the close The cash stock Of this fancy has
been easy for delivery, and moderate demand
to short aps stren figures
Gderably. Il quite likely however, that quickened
by advancing prices the revolving "Hub" will spattcr
the New York market with suniciency OF shares TO
make things comfortable.
There is little be remarked in the rest OF the mar
ket save that statement or the increased earnings
OF the ST. Louis and Iron Mountain Railroad
$685. 645 6s) for the first two weeks in December
had the effect OF improving tho bidding price OF the
stock some per cent in the course Of the day.
The fip Zap business SO long identified with Lake
Shore to have sought audience in the money
market to-day, Tor although thirty second and inter-
at time bid II turned complete somer-
three O'Clock drew near, and offered the
close Al three per cent per annum
TOTAL BUSINESS
ofthc day considerably less than yesterday aggre
eating only los 900 shares, distributed among the
tirc stocks follows:-New York Central
and Hudson, 2lo; Erie, 1900; Lake Shore,
g., TOO; Cleveland and Pitsburg, 300; North
western, 300; do. preferred 600; Rock Island, 100;
Pacific MAIL l3 500; ST. Paul. 2oo do preferred 800;
Ohio 200; Western Union, 1s 25o Wabash 1850; Union
Pacific 100 c., C. and c., 100; Panama 100; Mich
igan Central, 462o
OPENING. HIGHEST LOWEST PRICES
The following table shows the opening highest and
lowest prices OF the day.