The New York herald., 1876-12-27
FINANCIAL AND COMMERCIAL.
A Dull and Weak Stock Market
Spectators at Sea.
GOLD LOWER Al lO7 3s A lO7 Is.
Money on Call 5 and z Per Cent, with the
Highest Rate at the Close Government
Bonds Strong, but Quiet-Rail-
way Mortgages Steady.
WALL STREET.


Bulls were not in as festive mood this morning as
th6 season would seem to call for, judging from tho
apathy with which they regarded proceedings, and the
smali resistance offered TO a declining market
The whole list slippery to greater less de-
gree but the chief slide occurred Lake Shore, Mchi-
gan Central and Delaware and Lackawanna, the fall
amounting to about per cent Almost the only ex
cept,on to the above was in the OF New Jersey
Central which gained little in net results, and at one
time threatening in its strength 1t Is given
out that this company have been successful
in obtaining subscriptions to the extent Of 81 900
for their newfanged due bills, though 1t is reported
that they at the same timc, rather inconssteny,
= would seem, endeavoring 70 negotiate loan on
..ler Lehigh and Wikesbarre bonds on the basis of
fifty the dollar If there be any truth in the
story would appear To suggest OF those financial
arrar argements in which Peter and Paul figure
spicuous agents.
New Jersey Central had, however, no strength to
spare to aid its neighbors wh and these latter pos
scssed no strength Of their own consequently Lake
Shore and the other favorites dismally weak
together is asserted that the Lake Shore earnings
not turning out well, and this put forward
cause for the decline The probable reason is
that the bull party, acting upon the principle max
Ing hay while the shines, improved the occasion
and sold out when the price go or thereabouts.
At the time Twenty-third street the
Osborne party were large short sollers and to-day
the former bears at least repeated their little game
with liberal distribution of favors.
Michigan Central followed in the wake ofthe favorte,
losing more, in polat of values and with fifth
less amount OF transactions
The Delaware and Lackawanna directors met this
morning and reported earnings onehalf Of
per cent 1t was at first understood that these
figures represented the gains tho quarter but It
gas afterward stated that they proceeded from the
earnings of November only. At any rate the stock
dropped under the report, and brought up finally at
one per cent below Its standing point
Illinois Central receded from 65 to 63s, the two per
cent disappointment in the shape Of dividend acting
like an emetic stockholders.
The arrival Of nearly So in bullion since Sat-
urday proved too much OF good thing for tho Gold
Room, and added 30 much moro deadweght to be car
risd Bulls In the metal rather dsgusted at the
result which forced the price down from 1919 to 107
and mulcted thcm to the tune OF from per cent to
l-32 q charge for having it carried until to-
morrow
Money on call ranged between and per cent clos
ing at the latter Provision for interest and dvi-
dends payable the first OF the year and tho plethora
OF gold have rendered It scarce for the moment
THE SALES TO-DAY.
Tho transactions at the Stock Exchange to-day ag-
gregated Co. 900 shares:-New York Central and Hud-
son. $50; Erie 400; Lake Shore 10000; Cleveland and
Pittsburg, 100; Northwestern preferred, 100; Rock
Island 600; Pacific Mail, $50; st. Paul, 200; ST. Paul
preferred, 800; Ohios, 1l50; Western Union 1900;
Wabash 2OO Delaware, Lackawanna and Western,
100; New Jersey Central 4,T75; Michigan Central
$500; Illinois Central, 2,1OO.
OPENING, HIGHEST AND LOWEST PRICES
Tho following table shows the opening, highest and