The New York herald., 1876-12-11
The Leading Events Of the Week in
the Stock Market.
THE DECLINE IN GOLD,
Hardening Rates in Money-Govemment
Bonds Lower-RaiIway Earn
ngs and Facts.
WALL STREET,
SuyDAY. Dec. 10 lS16

j
A deludcd fox hunter cheated into hunting surag"
burst country with lie At the end Of IL This
Is precisely the or sport which the Lake Shore
people have been offering 10 Stock Exchange Sports.
during the past week. They have made the scent
TO lie hot o. morning by plausible stories OF dividends
promised, earnings increased and railway peace So
cured and in the afternoon they have scrambled out
OF the hunt with whole skins and left the ned TO pull
up in the bog OF palpable cheat Such has boon the
modus operaadi from day day, and from ind TO nn-
ish the sport has been unwuvcringy the same and Is
likely TO continue be the long crcdulity
exists and fools survive
Tho speculation Lake Shore acted like poultice
upon the general Market and drew TO itself whatever
of interest usually attaches to other stocks, and The
consequences was general neglect OF the less promi-
nent iancies and widospreadng duncss though this
situation was broken now end again BY ntu starts OF
activity certain quarters where II was thought most
good would be done to tho iavoriteS Thus Delaware
ana Lackawanna forced up at time. Michigan
Central another, and finally MI. yandcrbilt's pet,
Central and Hudson, made to assume the humlli-
ating shape Of stalking horse in aid OF the desired
result On day report that Florida had cast
electoral vote for Mr. Tilden used to squirt the
market, and lot Of 5000 shares OF Lake Shore
purchased by the present mauipuators 10 be turned
to be a positive fiction.
While tho activity in Lake Shore has exhausted the
attention fspecuators it has nevertheless impaired
strength to the rest Of the list and the net
suit for tho week has been something OF improve
mont all around. Erie, Wabash anl Illinois Central
arc however to be noted exceptions to this rule,
tho latter particular, having at time fallen of
seven points, Of which it. however, reeained two at the
close of business Saturday.
The most notable features Of the the steady
decline in tho gold premium and tho hardening
for money.
Economy and compulson have twisted the scrcws
and corresponding flow OF gold 10 restore the balance
OF trade. The continuous shipments have created
supply which exceeds any present demands, and, Us
matter OF course, gold has become difficult to carry
except at burdensome rates OF interest, which, in
view tho call Tor currency for this purpose and tho
amounts sent South and West to and prod
uce has marked up the loanng for current funds
to an unusual figure. Rates Tor money call havc
ranged between az and per cent, with the maximum
OF loans made about per cent and closing at in
face OF two days. interest
heavily upon the Market with tho result of deerring
any outside speculation and OF leaving affairs entirely
In the hands Of professional operators, who juegle
with shares as best suits their plaus for profit
THE SALES OF WEEK.
The following table represents the opening, highest
and sales, regular way. OF the principal stocks
during the past week, together with the number Of
shares dealt in:-