The New York herald., 1876-12-28
FINANCIAL And COMMERCIAL.
The Stock Market Dull---PrOgreSS of
the Bear Movement.
GOLD l07 1-S A 107 IA a l07 l-S.
Government and Railway Bonds
Steady.
WALL STREET,

WEDNESDAY. Dec. 27-6P. NJ
SO far prices are still slipping downward, and there
10 telling whether like tho vehicle the Mon
tagnes Russes, they VIII slide back again to former
figures or whether they will remain permanently at
the bottom OF the hill
The descent at present seems to be easy AZ that
TO Rades, some stocks bad enough to deserve
consignment to financial limbo without benefit of
Stockiobbing clergy.
There was saint attempt at the opening TO apply
speculative tourniquet TO railroad shares, and Lake
Shore and Michigan Central severay twisted up
TO So and ASK. Unfortunately, they did not possess
strength enough to hold on to the improvement and
weakening from that point they closed up at 57s and
AK. ,
Separating these stocks from the rest or the list
in point OF transactions there scarcely 20 900
shares lett to be divided and tho interest manifested
in the general schedule limited tho dcaipgs
Illinois Central Jared the worst OF any, selling down TO
81 from 63s, with final figures per cent better AS
with all investments securities the difficulty Of obtain
ing cash stock for delivery checks the disposition to
make short sales, so when decline sets IN there is
lacking the supporting power which afforded through
bear purchasers to purely speculative stocks. Illinois
Central is this category for the Insignificant short
Interest having been pretty nearly closed during the
late sharp rally there is no market offered for the
shares which are dribbng out OF the hands OF tmid
holders
There another Doctors sharp decline in Central
and Hudson based on unavorable reports OF Mr.. Van-
dcrbilts health, and afterward fractional recovery
probably on the contradiction of the same. This
trading on the indrmtes OF human nature and gam.
bling, as 1t were the brink OF grave Is ghoush
as It Is heartless
The remainder of the railroad list might have gone
OF sleighns Its presence lent any nteregt to
The days proceedings There scarcely business
enough to alter quotations fractions small enough
TO register The changes
The coal stocks active. New Jersey
Central, which has been perched up at Al there
abouts for oay or two past, topped to-day pos
sibly with the financial scheme which gave elevation
Early quotations at 37A shrunk inlo simpler ones
apparently on telegrapnic orders from Philadelphia,
RLd gongsound closed up business and figures ut 35Z.
Delaware and Lackawanna remained moro steady
and comparatively neglected. operators waiting for
glimpse Of the figures which are expected from the
directors meeting ON Friday.
Both gold and stocks exactcd to per cent coin for
carrying with the pinch close OF the day. An
effort shit considerable amounts OF the precious
metal from wearied shoulders to resher dropped
Ihe price to l07 at time, though final transactions
were made at 1919
THE SALES TO-DAY.
The transactions at the Stock Exchange to-day nc.
gregated &C. 255 shares:-New York Central and Hud-
son. g. 725; Ere .O5O; Lake shore, 90, 800; North
western preferred, 500; Rock Island, 100; Pacific
Mail, 1000; ST. Paul, $780, ST. Paul preferred, 5000;
Ohios 100; Western un.on 2,100; Wabash 255;
Union Pacific 100; G.. c. and l. c., 100 Delaware,
Lackawanna and Western. 2,425; New Jersey Central
1900; Michigan Central 1880; Illinois Central,
1850
OPENING, HIGHEST AND LOWEST PRICES.
Tho following table shows the opening. highest and