The New York herald., 1876-12-16
FINANCIAL and COMMERCIAL.
Che Stock Market Generally Firm, with an
Increase of Activity.
GOLD 1O7 5-S A 1O7 ga.
Money on Call and Per Cent-Governmen
Bonds Steady, with an Upward Tend
ency-Railway Mortgages Firm.
WALL srRExr,

WALL STRExr,
FRIDAY, Dec. 1t-6 r. ~
Tho little leayen created by the STIR Central and
Hudson and Lake shore has lsavcned the whole mass
Of railroad properties and acted like yeast upon the
market generally Whether tho bread cast upon tho
waters OF speculation will show profitable return or
whether tho cake viii turn out all dough, a. so many
recent bull have done, is not easy TO DO
foresccn Certain nevertheless that business to-
day has exhibited good deal OF the oldtino spirit
while confident feeling in better prices 10
moro generally prevalent II was assumed Is .
matter OF fact this morning that the kiss OF
peace had been passed. around among the hollgcrcnt
railroads, but seemed TO know how, when or
where to much caro-, long an impress was
made upon the OF prices In this there NO
disappointment, tho market starting OF under tho
leadership OF Lake Shore, which, usual, absorbed
nearly halt OF the days trade In process Of advancing
from 57x to 5SH and receding to 671s, at which t
sloscd A net gain Of about 4 per day, which has
been about tho ratio, 10 not movement Of very con-
vusve nature, and It has required good deal in the
shape Of promised dividends and Other countcrirr-
tants to effect thar.
Central and Hudson moved from l0oz to lo74 more
upon It's merits and less upon cx;ranoous assist
Ancc but In tho end lost tho Improvement and closed
II l04H, with the quarterly dividend OF two per cent
deducted
report that the Supreme Court had smpo wered
Mr. Jewet the receiver OF the Eric Railroad to pay
two years. back interest the fifth mortgage bonds
instrumental in giving strong tone 70 tho stock,
and with somc reason, since by the action tho long
threatened foreclosure proceedings probably
placed in allegiance for the present
Whllo the Granger shares neglected and rather
lost than gained the days work Rock Island
averaged from 90 to 1905, under unusually large
trade. The Northwestern pool seom to have second
parently tugging ut II to-day with fair success.
There telegraphic tricks played with New
Jersey Central and tho other coal carriers, and not
much attention paid TO them In any way The ro-
nance about the recevership OF the first named las
palmed of yesterday 1t is thought by many will
suit In reality before long, unless matters turn ont
more favorably than they have done, or something
to counterbalance tho actual loss OF seventy
ave cents to 81 por ton, which made In market
ing coal by all the great companies.
In connection with the coal trade light thrown
upon the gas companles' imposition by knowledge OF
the terms at which contracts navc been made by them
for coal for Illuminating purposes in late years We
informed undoubtcd authority that tho schedule
prices OF tho best description rhe Pennsylvania and
westmoreland sort) Tor 1874, 81 per ton; Tor
1875, So so por ton; for 1875, So per ton, with a
probability oil still cheaper rates for 1877
To this reduction OF 81 per must be added cheap
rates for labor and probably lessenng OF other
penses
The sublime impudcnce OF these monopolies en-.
deavoring to force an advance or 40 so per
supplies to the city government viii bc partially
gagged BY tho statement above made.
Gold sold at 1917 and l07x, closing at the latter
hgure No facts or nctions wero brought to bear
upon it, and the withdrawal Of eos, 900 from the Bank
OF England, all Of which, according to late kilograms
for shipment the United Statcs failed 10 weaken
the premium
THE SALES TO-DAY.
aggregated nearly 1o5 900 shares the bulk Of which
was in Lake Shore. New York Central and Hudson,
24os Erie, 900; Lake Shore, AZ. .soo Cleveland and
Pttsburg 100; Northwestern 300; Northwestern pre-.
Ssrred, 2O0 Rock Island, s.24b; Pacific Mail, 1900;
st Paul. 1500; St Paul preferred, 1900; ohios, 90o
Western Union 4625; Wabash, l,14o; Union Pacific,
200; C. G. and l. c., 100; Delaware, Lackawanna and
Western. 1900; New Jersey Central, 4445 Michigan
Central, $500; Harlem, 500
oPESIsG HIGHEST AND LOWEST PRIcKa
The following table shows the opening highest and