The New York herald., 1876-12-17
An Active Trade in SIOcks-Sales Of SASOO
Shares OF Lake Shore and $4,000
Shares Of Michigan Central.
END OF THE RAILWAY WAR
Gold l7 t8a l7 7-S a lQ7 3l---Mong Oh Call
Loans 4 l-2 and 5 Per Cent
Government Bonds Active and Firn-Railway
Mortgages Steady
WALL STREET,

SATURDAY, DEC 10 r.
The air has been thick with rumors touching the
settlement OF the vexed railroad question The weight
OF testimony goes show that sort OF agree
ent has been at last HIT upon. bui the nature OF the
details are yet unknown. Some sort OF mysterious
document II is said has been signed by tho high
tracing parties the OF Mr. King, Vice President
OF the Baltimore and Ohio Road being affixed thereto.
instead OF that OF Mr. Garrett this genteman's con-
s's,ency and pcrtnacous refusal 10 yield certain
points being preserved by the familiar but mystic pro-
cess OF beating the devil around the stump
On the other hand, Mr. Vanderbilt is said 10 have
"backsd down." or more vulgarIy even, to have
"taken water" which not at all surprising IN view
OF his familiarity with that fluid applied to stock
operations
Whichever be the the street undoubtedly 40
ccp,cd the OF some sort OF settlement and acting
II had received good plunged into tho Lake
Shore movement though the requirement OF shares
the summun bonpn Of all earthly desires
Tue demand thus created carried tho price steadily
upward and amos, without hal, from IS to 5sk, and
left IL only 4 lower the close. or the grand
total Of 14o 900 shares, $4,000 arc TO DO placed
10 The credit of the favorc and "a, 900 10 that Of
Michigan Central pretty significant proof that tho
present bull is far from being general ono.
Much higher figures prophesied for Lake Shore,
based upon largely increased earnings and conse.
quent assurance Of uninterrupted dividends for tho
future Nevertheless, II will scarcely bc considered
rash to assume that the stock acquired by the bull
during the last few DAYS was not for investment ac-
count solely, and some solicitation may be felt rs 10
what is 70 be dono with IT, that hc.shors interest
is covered and tho public coy.
Tho Twenty third street people may be somewhat OF
this way thinking, for they large sellers to-day
and are altogether shrcwd get themselves into
the fire suggested by Sternes starting, who all the
~ o,,3t M anti
Next TO Lake Shore, point of activity and amount
OF transactions came Michigan Central, advancing
from 444 49, aud hnishng at the latter price. Tho
entente cordiac between this stock and favorte
seems 70 DO fully re-establishcd, and Mr. Sage'a
.'puts and calls" "straddIes and spreads" arc
at last presenting somo definite value upon which
operations may be based.
With these two stocks the bull movement commenced
and finished Tho Granger stock and Delaware and
Lackawanna lower at the close than at the START
and Western Union barely held its while the res.
of the list drowsed stupidity and utterly insensibe,
as far as activity went, the racket made the
railroad Gcmini
Tho large increase ut bank OF 81 4023, 500 specie
had q slightly depressing effect upon the gold pro-
MUM, the price yielding from l075s TO l07X; other
wise there nothing TO affect II, even the 'blue
RUM buyers falling advance quotations In favor Of
tho moro quie, aspect OF political affairs
So tar tho imports OF gold into this country since
September % TO date have been IN round numbers
about El6 500 0oo fractional part, however, being in
transit to Canada
Money moro active to-day, oaning at from 70
per cent and closing tho ater rate in the face Of
two days. interest thus making good return for the
Sundays work OF the 'usurer's plough"
rHR sALxs
The following were the sales Of active stocks to-day:
New York Central and Hudson, alto; Erie, $685.
Lake Shore, $4,000; Cleveland and Pittsburg, $50;
Northwestern, 200; Northwestern preferred, 1900
Rock Island 2,l4o; Pacific Mail, llo0; ST. Paul. 500;
ST. Paul preferred LOO; ohios, 400; Western Union.
720O Wabash, 645; Union Pacific, ZOO c., c. and Q.
100; Delaware, Lackawanna and Western. S,625; Nov
Jersey Central, !, 900; Michigan Central, 2a, 500
OPENING, HIGHEST AND LOWEST PRicxA
The following table shows tho opening hghess ard