The New York herald., 1876-12-30
FINANCIAL And COMMERCIAL.
Slstky Weak and Speculation Dnll-The
Market Gnsugststiye.
GOLD 1O7 A 1O7 is A 1O7.
Money OH Call a Per Cent--Goyern-
ment Bonds Shade Lower--Railway
Bonds Generally Steady.
WALL STREET.

FRIDAY. Dec 29---5 T. ~
There no. much cheeriulness among the Lake
Shore people this morning. tor Disappointment with
very big D. had entered into tho breasts OF stockholders
and Melancholy arkcd them for her own" The much
talked ot dividend has become a fixed tact, but so
small one that II is almost. respect 10 the prop
erly, much token OF weakness element OF
strength A declaration OF Ia per cent, as the best
amount that could be- divided among stockholders
out Of the last six months earnings received
with n good deal OF surprise, particularly in the
face OF tho reiterated reports that the
road choked under the pressure OF
gram traffic, and the knowledge that
ccptiona business had been done in transporting
Centennial Exhibition passengers Two per cent had
been the least expected by friends of the conceru and
the consequent disappointment was given vent TO this
afternoon In sharp criticisms the management Of
the property and IN strong suspicion that III some
way other the road has been made to play second
fiddle to Central and Hudson IL true that Mr. W. h.
Vanderbilt gave direct denial little time back to
allegation OF this nature, and rcpudiatcd the idea
that the fortunes OF Central and Hudson being
tered az the expense OF those Of Lake Shore Still It
somcwhat remarkable that the latter road should have
been able TO the quarter dividend OF two cent
during the fret months the year and failed DO
IA we'll for tho second six months, when freight and
passenger tolls presumably as large, or larger
The immediate effect to-day to cause decline
from 57h to 56sS, from which point there was a rally
10 56x and closing up at So H. 1t thus happens that
the drop in the stock has declared better dividend
by or per cent the than company's d.
rsctcrs have the bulls and Twenty third street,
recipient OF the same is melted 70 serious
threats than ever As nearly twohrds OF the entire
transactions for the day scored TO nkc Shore
is evident that the dealings in other securities were Of
the most attenuated nature.
The monthly meeting OF the Delaware and Lacka-
wanna directors was held MS announced, but beyond
the statement that ~ per cent had been earned for
the quarter, and agreement that the amount was
sstoo thn to be disbursed to stockholders and would
do better service in the Golfers OF the company,
nothing occurred OF public interest Tho effect upon
the market prco was however, the of that OF
Lake Shore, for the quotation advanced IRON l3 10
72, and closed at the latter figure.
Changes in other stocks were trivial and call for no
comment, tho engrossing interest OF the session
centr,ng in the iavoritc.
Cold sold Ut l07 and 1915 and at the hair splitting
fraction between. The Twcnty-third street people,
who had purchased at higher 1gurcs the basis Of
s.gore," have sold and pocketed the loss, whilc
large proportion of the short interest has been
covered Still the metal remains TO be carried, aud
5to per cent was paid for such facilities to-day.
sALEs zo-DAr.
The transactions al the Stock Exchange to-day ag-
gregaed 81 900 shares.-New York Central and Hud-
son. $685.: Erie, 400; Lake Shore, $1,000: North
western 1900; Rock Island, 4,105; Pacific Mail,
A50; ST. Paul preferred, 1000; Ohios, 200: West
ern Union, 2,9oo Wabash, $50; Union Pacific,
100; Delaware, Lnckawanna and Western. 1900; Now
Jersey Central l,5oo; Michigan Central, 1900; li-
nos Central, 675; Maripcsa, l,eOo
OPENING HIGHEST LOWEST
The following table shows the opening. highest and