The New York herald., 1876-12-06
FINANCIAL and COMMERCIAL.
The Stock Market Dull, but Firm-An
Electoral Spasm.
GOLD WEAKER AT los l-2 A los Is.
Honey on Call Loans 8. and Finally Per
Cent-GOvernmen in Sympathy with
GOld-Railway Mortgages Steady.
NALL STREET. !

TUESDAY. Dec. So =. NJ
Early hours OF business renewed the old daily dronc
Or inactivity, and the OF the brokers' slug
yard by compulsion, heard in complaint OF the
drowsy trade aud Improbable market which run their
diurnal course with the regularity Of the sun or
passing sbotie at banquet Transactions were even
fewer than ou yesterday, and up O'Clock re,
manned small enough disgrace Stock Exchange at
Liiput; but this juncture sLarp demand Tor Lake
Shore sprang up which advanced the quotation nearly
ono point and with It the rest OF the market vague
story that one democratic had secured
florida, which, II fact, would settle tho Presden-
tial difficulty and dispersc tho threatening
clouds, apparently the primo cause
OF tho movement, and resulted in
purchase OF some 5000 shares Of Lake Shore
1t prices ranging from 55ss to 66 There
after corroboraton Of the rumor and
It may tarn out that early informal OF this
sort is worse than no Information mt all, II tho
stock should hang fire and prove easy Of acqulsi
ton than Of resale profit any rate tho shares
30 into strong hands, the officiating broker receives
his commission tpossby reward Of merit), and the
significant fact Is suggested that the vexod political
question once and for all decided there would be
fair reasons look prices and active
business.
The impulse thus givon to the market was decidedly
felt in Central and HUDSON Michigan Central and the
Northwestern shares though the Improvement IN the
hrst somewhat due to better accounts Of Mr. Van
derbit's condition, and in the last to tho apochrypha
dividend the preferred Stock which by some
iar-sIghted ones 'as through glass darkly." Even
the 81. Paul property looked up biz in sympathy,
despite the recurring weekly reports Of earnings,
which, growing worse and worge, now show wping
out Of tho handsome gain for the early part OF the
year. and in addition, positive loss Of some 500 600,
as compared with the same eleven months Of 1876.
Tho annual report OF the Secretary the Treasury did
not reach the street until late in the day. and when It
did Jailed to make any impression upon the market as
u contains nothing particularly new in the way Of in
formation or OF Recommendation. The principal
points
]. The desirablity of funding legal tenders into
thrty-year ~ per cent bonds.
2 Impractcability OF a sudden accumulation of gold
for redemption purposes.
3. No increase of demand for National Bank
rency, hence improbable reduction Of legal tender
notes to $500, 900 600 on or before January. 1879
4. Gold sales no longer necessary, and hence
mutation OF gold from surplus customs possible.
S. Advises specie circulation TO be increased to
$50 600 900 and the legal be limited ten
dollars.
THE sALRs TO-DAY.
The transactions at the Stock Exchange to-day ag.
grcgated 63, 565 shares:-New York Central and Hud
Son, AS; Erie, 1,200; Lake Shore, p 200; North
western 800; do preferred 700; Rock island, l,15o
Pacific Mai 100; Paul, 700; do preferred 600;
Ohios 300 Western Union Also; Wabash, $50;
Union Pacific TO; c., G. and l. c., 100; Delaware,
Lackawanna and Western II 600 New Jersey Central,
$3.50; Michigan Central 8, 200.
OPENING, HIGHEST LOWEST PRICES