The New York herald., 1875-12-04
FINANCIAL And COMMERCIAL.
Stocks Without Material Change-The Market
Dull, Feyerish and FeatureleSS.
GOLD ia 7-8 A ia 3-4.
Investment Securities Steady California Stocks
LoWer-Money on Call and Per
Cent Railway Bonds Fairly Active.
WALL STREET,

WALL STREET,
FRIDAY Dec SO 7. ~
Todays transactions may be kened to the old story
of the mountain and the mouse and the issues equally
unimportant There far send-o at the sounding
Of the gong O'Clock and figures than at
the close OF the previous day. 1t has been the sub
Iect OF remark that for considerable period
back this fact has been the popularity Of the
market and there certain operators who make IL
point TO buy just before the closing hour with the in
ention of selling early next morning This process
is certainly agreeable one and has met with consid
srabe success is scarcely prudent to set down
as q rule for We all that II is poor rulo that
does not work both ways
After the morning rise there was the usual lull
about cocktail time and although the market continued
until the close remarkably only be described
dull and fcaturelcss To this general remark, how
ever, except the vagaries of such gamins as
Marposa, Michigan Central and Union Pa
cifc, who were the only badly behaved
boys in the school, torturng both bulls
and bears is their to do when
angry passions rise" The first named security o.
which has been for the last fifteen years aspiring
big bonanza land company anything else that
would keep the breath in It's body and Its the
share lsta stock that has been pureed with ligious
pills and bed by assessment doctors until It had
leg to stand and was SO weak in constitution and
price that boy broker could carry It without
gin-ths Mariposa Land and Mining Company, Like Mrs
Harris is ''makng eifort and has something
IL is not quite known what whether aurferuus vein
Or stream of water work the late Mr.. William
Patterson Nobody seemed to know much about il
seemed to care long there assurance that 1t
bad struck something 1t was, least blow for free
iom from the neglect to which it hao long been
signed on the Stock Exchange, and by sympathizing
speculaors by careful nursing added three figures
its value.
Michigan Central went clean over into the horns or
The bulls this afternoon who tossed up vigorously
the bears had pulled the last few days In
TACT It has been considerably oversoid in proportion
The of shares available delivery this
ket and when the bulls discovered that deliveries
very badly made and that premium of 1-S2 being
paid by the shorts for the of certificates until
tomorrow, they mado bold and successful dash
At the stock carrying It up from 60 62k, at which
dgures the weak shorts being covered and the
sver, 1t sfell back to Ok and thus closed This
recovery is partially due the non-arrva Of certi-
catcs from Boston this morning, which promised
1t Is said to short sellers here and partially the
efforts which have been made deny the
reports detrimental to tho company IL does ap-
pear however, that these denials accompanied by
any reassuring facts figures there any
ment promised
Union Pacific having remained almost without tran
sacticns the greater part Of the morning. OF sudden
betrayed great weakness the exhibition OF few
dred shares OF long stock and tunbed from 80 10 49,
with alacrty that would have surprised Mr. Merry
himself However, the little innocent picked
lp, consigned TO the washub and again put upon
Tee but last advices rather rickety condition
and good for 7sk only Believing implicitly all
Mr. Goulds statements about the value of Union Pa
cnc and being charmed with the company reports,
which always read through rose-colored snec-
taces have feeling other than that Of indignation
for those gnorant pampered bank presidents and
boxted capitalists who refuse TO advance than
thirty-hve cents on the dollar on our holdings.
St Paul sold at SO 35X SO and the preferred at Ga
Rock Island declined from 1861 los small sales
The sales OF Central and Hudson all at " Erie
quoted at l6 16H Ohio and Mississippi vibrated
between 17h and TX Tho Hannibal and St Joseph
stocks quiet; the common at FIX a21K AK,
and the preferred at 27 27h 2z Western Union sold
st75X 76a 75T.
In connection with
IT is worth while to remember the fact for IL is based
official nGures that when the principal and interest
due the unon Pacific and Central Pacific railways
become due the amount which these companies must
pay the government for privileges from which they
meanwhile exempt Will be not far from the Of
Sl4S, TAO 569 less the which the government may
retain for the transportation OF freight &c Before the
above is settled the rst mortgages Of Central
Pacific amounting 10 SIS 600 and OF Union Pacific,
amounting TO $27 aggregate OF $5a o0d 600
must be either paid by the company assumed by
the government In the latter contingency the govern
viii end itself saddled with debt of SOL S36 500
and the ownership Of tho road The existing question:
therefore, is how much the road will at that time be
worth 70 It's chief proprietor, especially n It's compe
tors ths two Southern Lines In contemplation,
built
ADVANCE AND DEcIISx
The changes In closing prices since those Of yrstsr-
day follows;-
ADvAscE--Atlnntio and Pacific Telegraph, v; C. G
and G., h Ere h Hannibal and So Joseph n;
Harlem, "a Lake Shore, u Northwest preferred, X ;
western Union X Michigan Central, *: Now Jersey 80
Central u District Of Columbia, 400 bonds, y Ers
DrmIsE-Atlantio and Pacific Railroad v; pac,no
Mail, u; Panama, 1; Quicksilver, Nj Union Pacific,
srarIoSARY-New York Central Delaware and Lack.
awanna Northwest common, Ohio and MiasiSsippi
Rock Lland and Missouri Pacific
THE sALEs TO-DAY
amounted TO Ios 900 shaFex which divided
among active securities foIlowss-New York Central
and Hudson, 3l7 Erie, 1900; Lake shore, a., 400;
Cleveland and Pitsburg, 24o Northwestern $500; do
preferred ll0O; Rock Island $50; Pacific Mail IL 900;
81 Paul, 2aoO; do preferred, 1000; ohics, 1900
Western Union, l6, 900; Union Pacific 2,o2o; O. g and
D. c.. 10o Panama 100; Michigan Central TO- TO; Mart
posn, Sc 0oO Kansas Pacific 300.
OPENING HIGHEST LOWEST rnmEs
The following tablo shows tne opening highest and
lowest prices Of the day.
opcnfne Highest LO,oesL
New York Central 1o5h l05k l0oK
Harlem. ...........-.-.--. 1873 l33 l33
Erie.; e.;;............---.--- 10 TO- 40 so,,