The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-29
The Stock Market More Ac.
tive and Very Strong.
GOLD STEADY AT 1902 SIS.
Government Bonds Higher. States Weak
and Railroads Strong.
Money on Call Easier at z 8
Per Cent.
WALL STREET,

FRIDAY Dec 2ST6 r. NJ.
Todays circular issued from the Office OF Messrs J.
d. Prince Co. sums up and dismissss the history Of
the market by quoting the remarkable words OF
tho late and lamented James Fisk Jr.. In which spe
cia reference mode the peculiar difficulties that
beset tho average cemetery, which arc reported TO
have been uttered MS follows :-"rhoso that are IN
cam get out and those that out do not wantto
get In" As the firm In question Is popularity accepted
rejecting tho opinion Of the bow WINDOW people IN
matters OF speculation, 1t is reasonable to suppose
that these latter important operators are as much al
regard tho future OF prices as are their num-
bier imtators OF tho street. Nevertheless, there WAS
considerable getting In and getting out oil Lake Snoro
to day, the iavorlte 1ourshing like sreeu bay
streo In the midst OF an otherwise arid and sterile
speculation. Quito onc-half OF the days business
was confined to dealings this property, being
directed toward higher prices, and netting gam
upon opening figures OF nearly ono per cent WINE
nobody knew positively the cause oil tho rso there
were plenty OF theories from which TO choose. Tho
most plausible Of these were to the effect that Mr.
Keno large buyer, that the uptown spectators
had considered 1t Judgment to cut and run from
their position and that Mr.. was trying to
protect himself from au avalanche Of impending
'spats +" which he had disposed of at 90, and which
will fail due tho last aay Of the year 1t Is rather
odd that while Lake Shore, which earns per cent
per annum, went up point It's side partner, Central
and Hudson, which earns 8 per cent, went
down IN tho RATIO Reasons for the
declines plenty as blackberriea II
was affirmed that important lot OF lona
stock had been sold out and the proceeds renvested
In Lake Shore; it stated that the annual report
OF the company, mado TO the state Engineer, would
DO published tomorrow, finally 1t was reported
that "Small Hopes aud mate" had run away with Mr..
Vanderbilt and tossed him like modern Ph@hus, from
chariot to earth, greatly to the disturbance Of hM
physical condition. This latter story was evidently
weak application of old dodge OF the "Com.
moaore,n who procured himself TO be thrown from
his wagon lin pubic report whenever he desired to
dcpress market for tho purpose Of buying cheap
Tho in regard TO the company's report IS,
however, better founded tho same being printed and
ready delivery. An impression prevails (probably
obtained by private squnt at the hgures that the
showing will up to public expectation. and Il
Is quito possible that this may have produced the
weakness which was pronounced at one time
Is to BIO noted however, this connection that the
report deals with the business OF tho road only down
to September &c. while tho earnings havo, In fact,
greatly increased since that date. The coal stocks
havo been fcverish and only moderately active aud
there are indications that large noldors officially
interested, have been selling out Nobody vii! gain
say the wisdom OF this course IN view OF tho dnicu.
tics which stand In the way OF constructing com.
bination strong enough 70 noiu water. iuo aos"ous
conuudrum is worthy Of Sphinx, and 1t will require
some clever guessing both tho part Of tho special
committee ana OF meeting at large to get at salts
factory solution. However, another effort Is to be
mado and the result given Philadelphia on wednes
day next. Apart from an advance in G., G, G. and IL
ana much easier terms for money. the market offered
nothing to call for special remark.
OPENING PRICES.
Tho opening prices to-day were as follows:-Gold
l02sx; Western Union, ~; Lake Shore COS; New
York Central, 1865; Rock Island. 1901; Delaware,
Lackawanna and Western, 492<; Delaware aud Hud-
son Canal, 81; Erie. SIX; Ohios So; Wabash l4zsi
St. Paul. 35ls; ST Paul preferred, 72ss; Northwest
ern, s4,s do. preferred 02sS Illinois Central 7ali
Iron Mountain, III; c., C., Q. and H. 35's; Hannibal
and St. Joseph, X; do. preferred 251s New Jersey
Central II; New Jersey Southern, IL; Chicago and
Alton, II; Kansas ana Texas, So; San Francisco
preferred, az.