The New York herald., 1875-12-20
The Prevailing Inactivity Of Tradc-EVentS
in The Stock Market
SPECULATION ON ITS BEAM ENDS.
A Week of Ineffective Work-A Possible Change
of Engineers-Money Hardening
Bank Reserves Down-The
Gold Fluctuations.
FIRMNESS OF GOVERNMENT BONDS.
WALL STREET.

SUNDAY Dec 10 1876
During the past week the commercial situation re-
mained unchanged that dulness has become in
tensiGed. The movements OF crops IRON the interior
show material decrease, owing TO the already large
accumulation the seaboard and at the principal
shipping points, and to decline in prices The latter
might be considered favorable feature IL the decline
sufficient 10 start export movement. but so
long It only follows instead OF leading the Liverpool
market the relative position is unaltered meanwhile
our storehouscs full The merchants OF this city
have continued in feeble sort of way agitate the
subject or railroad discrimination against New York.
So far informed the total rcut Of the weeks
work has been 'commttee's'' visit to Mayor Wckham
and the presentation TO him of communication setting
forth the grievances to which forced to submit
What the committee expect the Mayor to do, what
power he has in the matter does not appear in the
munication. The business
EXCHANGE
has been exceedingly light and unintercstng The
week has passed without the any the
s'bg thingsn which promised. There have been
no arrests conspiracy In the Northwest case
lively times In Lake Shore Pacific Mail and
noteworthy exhibition in Western Union. ON the
trary, after six days Of hard work. prices generally
lower than they one week ago. The favorable
reports concerning business and earnings
which put in circulation apparently highly
colored TO inspire confidence in the average profess
sional occasional operator II is matter of fact,
and 1t fully accounts for the prolonged apathy in stock
circles that the large holders speculative securities
bought them without regard to present prospective
values expecting to create o speculative excitement
during which thcy could unload and take position
the other side again, has been SO frequently and
successfully done before II remains to be whether
not they have attempted to play the game too
often. II is also q fact that
THE PRESENT HOLDERS OF STOCKS
generally belong to the richer class OF spectators.
Hence is that who will follow their example
decline sell stocks short" for to do under exist
ing circumstances would probably insure prompt
punishment OFT speculative stocks Western Union
has remained about the steadest owing doubtless
the approaching dividend OFF, per cent There has been
much discussion concerning this security and its fu
turc. Some distrust is manifested account OF the
large sales that have recently made and sup
posed to be for old friends OF the company, and
from knowledge not yet made public; but, before
stated tho price has been well maintained sales OF
67 600 shares for the week. Pacific Mail extremely
dull 40 600 shares comprising the total business of the
week at 4o31 39h Lake Shore shows up but l3s 900
shares at prices ranging as follows-62s 616 61T
80s< 61 The prediction ofbottcr earnings and div-
dend has been less confident than 1t during the
previous week or tho probabilities OF such event.
however, the readers OF the HERALD will find
reliable basis for an opinion in tho following official
figures than in the gossip and rumors OF Wall street.
OPTICAL FIGURES CONCERNING LAKE SHORE
The charges upon the net earnings of the Lake Shore
and Michigan Southern Railroad folows:-
Annual interest it's and guaranteed
bonds per pago II, report for 1874 So se4 $50
Rent OF the Mahoming Coal Railroad. ........ 1921
Annual dues to the sinking fund. d......... 250,000
Dividend s533 500 Michigan Southern
guaranteed stock. ACKNOWLEDGEMENTS. SO, $50
Total annual liabilities. $321o,9 ,95l
The business OF the company Tor tho first
half OF this year, January to June 80
officially reported as toows:-
cross earnings b.e4l. 900
Operating expenses .............. 5,465, ,OOJ
Net earnings. 81, AT, 600 1,i.6 900