The New York herald., 1876-12-13
FINANCIAL and COMMERCIAL.
The Stock Market Heavy, without Fea-
ture and Barely Steady.
GOLD FIRMRR AT lO7 Is A lO7 l-2.
Money on Call and 4 Per CeRt-Coyern-
mcnt Bonds q Shade Higher-Railway
Mortgages Quiet and Steady.
WALL STREET.
TUESDAY, Dec. 12-6 p. n

TUESDAY, Dec l2-8 p n.
A. Boseacclo recounted series OF 'Aoral Tales, y
Of such delcctablc would have made Miss
4dseworth gasp for breath had she perused them and
sndeavored in this way disspate tho eaani of the
ten days Waiting plague abate at Florence so
do the rumor nongers Of the board essay to break up
the pesensiaI dulness by the creation Of such anc
ful romances as thcy think may affect the market
To-day. however, has been singulary Tree from i'm
asinatvs efforts OF this kind at least limited
70 the clumsy canard Matched. is said. in Twenty
third srcctowhich had for It's subject tho establish
OF military rule In this city, with the etcceras
Of Phil Sheridan in command and enladng gunboats
In position.
Although meant for extravagant joke, not q few
Of the board gobemouches swallowed the story whole
and surprised that the market did not 60 to
pieces under It. In fact, rather went tho other way
under manipulations OF small traders who imbued
with the sruthfuness OF the nmble sixpence, slow
shilling doctrine. satisfied with tho smallest Of
profit
The amount of transactions, compared with yes
terday, were cut down ons-haf, with more than 90
per cent OF them to The credit of Lake Shore
There ID growing feeling that It Is no longer safe to
sell this stock short and the great bears show dis
position TO leave It alone, oven they had not gone
long OF It, some Of tho Twenty third street people
have. dividend OF two and half per cent con-
ddonty spoken Of certain to be declared in Febru
ary and the favorable figures set forth in the
report are quoted basis for sharp rise, while
there may be further added fresh belief in early
settlement OF the railroad war.
Central and Hudson remained also as firm as a rock
under the favorable estimates tor tho last quarter OF
the year, which, as stated in this column few days
sinco will show net surplus of about 81, 500 o0o
After deducting the dividend OF per just de-.
clared.
Per CONTRA Il must not be forgotten that the Gen.
tennial travel OF extraordinary assistance; that
Tho movement OF passengers which would usually
spread over years, dono up in lump. and that
the present condition OF this description Of traffic has
assumed tho smallest proportions. As regards the
higher charges for transportation OF freight would
be curious TO ascertain to what
been made Mt past current figures for six months
more ahead, ana what amount OF business Except
EASTERN bound produco) Is likely to be offered in tho
present PROSTATE condition of trade which the
vance tolls bc levied
Illinois Central advanced to GS and subsequently
lel on TO 66s, under sales presumably Boston
count Tho severe dimnutons in receipts ior Novem-
Der and the fear that but petty dividend IL any
A is TO be looked Tor, have brought the property
bad odor and forced sales OF long stock.
Western Union remains duh, steady and strong, and
the the tiptoe of expectation
o The brilliant display Of fireworks which the directors
arc expected TO explode tomorrow.
Gold has turned about and advanced to-day 10 1O7x
partly from natural reaction. and partly from
Mr. Blapd's Silver bill, which comes up in Congress
Tomorrow, and is looked upon . squnt toward IN
aation
TO-DAY.
The transactions at tho Stock Exchange to-day ag-
gregated 81, ,605 sharcs:-New York Central and Hud-
son River, 800; Eric, 900; Lake Shore. 2s, 500;
Chicago and Pittsburg, 1l0; Northwestern, 600 do.
preferred, $50; Rock Island, 1900; Pacific Mail,
1000; St Paul, 1000; do preferred, 1900; Ohios,
LOO; Western Union, 2,9oO Wabash !, 100; Union
Pacific, 3o0 Panama, 100; Delaware, Lackawanna and
Western. 400; New Jersey Central, 500; Michigan
Central, 1,4o0; Illinois Central, l075.
OPENING, HIGHEST LOWEST pRicrs
The following table shows tho opening, highest and