The New York herald., 1876-12-15
FINANCIAL and COMMERCIAL.
Speculative Activity in the Stock Mar
ket-PriceS Firmer.
GOLD l07 IL A lO7 SIS A lO7 s-S A lO7 l-2.
Government Securities Firm and Higher-Rail-
way Bonds Steady-MOney on Call
Loans and A Per Cent.
WALL SrrREr. !

THURSDAY, Dec l4-0 +. N.
The Board room is scarcely fragrant Hymet-
lus, and brokers in these dun times hardly BIO
hkcned to busy bees. luck for them, stll they
are quick 'to improve each shining hour" in this
Wow they sucked honey to-day from the orders
ated by the lively spectators in Lake Shore.
Perhaps they like aes around sugar
barrel and less like in hvc that their labors
benefited nobody but themselves and the stock gam
blsrs who employed them. Al any rate, very lively
business grew out oil tho situation and at times the
txcitcment reminded OF tho ''brave days OF old,
when at this OF The year trade brisk and
brokers had their pockots full of money and cellars
ull ot beor.n
Favorable reports, backed up by good buying, and
ia:th in promises Of higher figures, broadcast
together with garden iun OF BEARS moro less
alarmed caused tho price to advance this morning
rom 577a to 5S's. without Get back, though it lost
about half OF the gain at tho close.
"a was further assisted by fresh reports Of settle
msnt " railroad difficulties, which received additional
forcU IN the tact that Mr. Garrett the president Of
tho Baltimore and Ohio Railroad had arrived in the
city with tho object OF conference with Mr. Wander
blt The mountain having refused to 60 10 Mahomct
Aahomct had come to the mountain, and the meeting
was to be pregnant with auspicous events.
Central and Hudson, ON transactions of about 600
shares influenced by the same causes, moved up from
100
To less degree the remainder OF tho railway list
benefited by the strength Of tho Vanderbilt spe-
ciates but presented indo features OF
est
New Jersey Central seems to have fallen into den
of thieves, least the hands unscru-
pulous SPECTATORS, who are endcavoring to steal
profits through the medium oil bogus kilograms.
A second attempt for the week was made to-day, in
A.
effect that Mr. knight, president OF the road, had
appeared before Chancellor Runyon for the purpose
1t was surmised OF applying for the appointment OF
receiver. AS Mr. knight not gifted with tho
faculties OF Sir Boyle Bochis bird, OF being In two
places the time, and discovered he had
never left Philadelphia and consequently, couldn't be
In Newark. the fraud became palpable. and was ex-
posed almost as soon rs pcrpetratcd.
The effect was. however, to drive the stock down
from "a 336. from which it subsequently, rallied
20 335x, closing al 33ss.
kilograms sfromWashngton quote the Secretary of the
Treasury as saying, in explanation OF tho shipment Of
$40 O00 600 of Az per cent bonds beyond the original
subscription, that due the very favorable cs-
timation in which United States securities held
abroad, and he further thinks that a European war
would open the way TO speedy placing OF the entire
loan.
Gold has remained steady during the day, opening
and closing ct 1919. There wilhd hdrawals from
the Bank England to-day affect it, ard tho pas
sage OF the Silver bill by tho House under the pros
pect OF II being rejected by the Senate. at least
vetoed by tho President failed To produce any result
The Silver bill docs not appear to be looked upon
with favor by The street.
Apart from tn. doubtful policy OF dual standard II
fosters imitation 10 the OF issue OF silver dol
lars without corresponding retirement OF greonbacks
and up n standard commodity entirely lacking
stability and one which during the current year has
shown greater fluctuations value than any all OF
the baser metals.
TnE SALES TODAY
The day aggregated about 600 shares
which were distributed as ioows:-Ncw York Gen.
tral and Hudson, 4,970; Erie, II. GOO; Lake Shore
IS. sO0 Northwestern preferred AGO; Rock Island,
Zero; Pacific Mail, $500; ST. Paul, 1000; ST. Paul
preferred 1900; ohos, 500; Western Union, 6,100;
Wabash, l6o0; Union Pacific, 1907 C. c. and l. Co. 200;
Delaware Lackawanna and Western. q, 700; New Jer-
sey Central, 1915; Michigan Central, $3.50
OPENING. HIGHEST AND LOWEST
The following tablo shows tho opening highest and