The New York herald., 1876-12-22
FINANCIAL and COMMERCIAL.
Tho Stock Market lrrcsular-Coal Shares
Pirmcr-Othcr Fancies Weakening.
GOLD 1O7 3-S A 107 1-2 A 107 3-S.
Money on Call Loans and 5 Per Cent-Goy-
ernment and Railway Bonds Generally
Steady-Foreign Exchange Quiet.
WALL STREET,
THURSDAY, Dec. 2l-6 p. n.

WALL STREEr, /
THURSDAY, Dec. 21-6 p. II.
BY unanimous consent the Lako Shore people voted
20 lot their avorte alone to-day II was not SO much
willingness to "les well enough aione'' IL the
iculty Of betscrng the prico without absorbing too
much Of the stock One may have too much Of good
Ihing, II It be in the shape OF shares particularly
the envy OF brotherly bulls becomes less greedy
and tho hatred and malice Of contentious bears grow
ipace.
The French express tho idea by the provcrb that
sthe game is not worth the candle'' brokers' in the
refined language of their tradc imply fear Of getting
''stnck" Either form OF words suggests prudence and
This virtue exalted horn among the bull
lingcnt this morning.
Before noon there occurred general Improvement
prices and tho highest figures Of the day made
but the OF tho market turned with the sum- and
the session closed weak ana fevcrish.
For the first time In many weeks Michigan Central
shot beyond Lake Shore in amount OF transactions
and was constituted tho head centre Of interest. An
advance from 46 to AK and return to the original
price the close marked limits the
while sharp covering upon part of the shorts pro
vokcd by fresh stories OF attempt break up tho
Improbable leases, the moving At the same
time the bulls turned the upon the cash stock
boost and twisted 1854 the bears as
a bonus on borrowed shares Lake Shore would have
friends had the ywentythird bears pitched
IN late in the day with supply of 1000 shares
Of short stock, which weakened still further the al
ready declining figures, and brought the quotation
close at $685. or y per cont below the highest price
Of tho session
Illinois Central which had grown better some days
back. experienced q dangerous relapse this morning
and sunk to 65 under sales OF 100 shares. We had
occasion to in this column since that
nothing better than per cent dividend could be
expected upon this stock and the Official declaration
made to-day proves the OF this statement
This drop, however. from per cent dividend TO 2
has boon surprise and disappointment to many
Btockhoders and received expression in sales Of long
Btock at sho decline above noted Western Union
close behind Lake Shore and Michigan Central In
volume of business, and carried up to 723x, ex
dividend OF ~ per cent.
Much Of the trading was mere swapping OF jackets
IN tho shape of purchases of regular stock against
sales at seller sixty days. II appears that 900
shares turned by Mr. d. p. Morgan, Of Aessrs Osborn
Mills who represent Jay Could, deliverable by
the latter parties Saturday, and the buying to-day
was for the purpose providing the neodful stock the
same being again turned seller sixty option at
difference OF n per cent from cash price.
Erie better at time by nearly ono point, tho
Northwest remained steady and the St Pauls dropped
under probably correct impression that the next
weekly statement would show further falling on In
earnings
On the other hand, the coal stocks werc active
and higher during their buoyancy from the improved
prices obtained at the sale OF the Delaware and
Lackawana Company tins morning.
The railroad peace, which tho longs have been
terng about first class battle charge, examina-
ton betray symptoms OF being spawned and touched
In the wind, and fears expressed that may turn
out no better than broken down hack after nll.
This feeling with tho intelligence privately whispered
that the Commodore decidedly worse, had the
effect of bringing the feeble conclusion to this
market as above noted.
The transactions at the Stock Exchange to-day aggrc.
gated lis. .290 shares New York Central and Hudson,
2s0O Erie GOO; Lake Shore, 800; Northwestern.
200; Northwestern preferred, 200; Rock Island 90O
Pacific Mail, 400; ST. Paul. 1000; ST. Paul preferred,
H. C00 ohios 400; Western Union, 10, 900; Wabash,
2,03O Delaware Lackawanna Western, 13 500;
New Jersey Central, $780, Michigan Central, 1880;
Illinois Central, 1,150.
OPENING, HIGHEST AND LOWEST PRICES.
Tho following table shows the opening highest and
49, l..K