The New York herald., 1877-12-02
The Bear Raid Of the
Stock Market.
GOLD WEAKER AT 1O2 rs.
Government Bonds Firm, States Steady
and Railroads Lower.
MONEY ON CALL S AT PER CENT
WALL STREET. |
SATURDAY. Dec. 1-6 +. N. !

WALL STREET.
SATURDAY. Dec. 1-6 +. NJ
IN. y.t. osor. snecuation rs mas been the case
for soms oays back led OF the market this morning
and to greater less extent, innuencea tne "no'e
list The dead set which had been mace upon 'ne
Nvor,te was continued to-day, with tho result OF
sccrny quotations down from 62< at tho opening TO
Al beiore the day was hall subsequently an I'M
proyement set in, the natural result OF an over
sold Market which rallied prices at the close TO oZs
or pretty nearly starting point II is generally
accepted rs a TACT ina, Mr. kecne Mr. Vanoeros
and Mr. Sage have been iree sellers OF Lake Shore
and that at least $4,000 shares arc TO DO
accredited 70 the latter party as MS contripu-
ton To what extent this latter gentle
mans ..puts calls and spreadsn have influenced the
matter is a subject OF doubt but the impression re-
mains that they have influenced IT, and that 10 no
inconsiderable q degree. However, appearances are
that so far Lake shore Is concerned prices nave
touched bottom for the present, and II only remains
TO drag along the OF the list to corresponding
values. Judging by the prices OF coil stocks ther
supporters OF thus way OF thinking for they per-
mitted Delaware and Lackawanna TO ali from BOA TO
AK without resistance. sale oil Zoo shares only
broke the stock IRON 40 TO 49, In spite oi the CON-
blnation stories which many SPECTATORS hang on TO-
rs shipwrecked mariners won't to DO, 10 me-
preservcr In point OF real values OF the coal
carriers can be comprehended by any schoolboy
Given a ton Of coal which costs 81 at tide
water and sells At So, what Ia the loss per
ton upon the years businessY Wnat depreciatoh
will necessarily 10 bond and stock holders IL
more abstruse proposition, but none the less as
agreeable, because II Is sure TO exist Pretty mucn
the only bull feeling which remains centres about the
Western or granger roads. Their traffic still shows an
Improvement upon that OF last year, and tho fact
that they publish weekly reports oil their earnings be
nj or q
certain amount of confidence which Lake Shore loses
by anordng report at all IL has been stated that
Lake Shore is earning per upon its stock, ana
shat Central and HUDSON good for Is per cent For
The sake OF roads the shareholders we trust
that tn il true but credit would be lent to the
vtatement did not Dir. Vanderbilt so assidu-
ously button up in his breechcs pocket
svery scrap or Information that would be OF
Interest or Instruction TO his fellow shareholders
The bank to-day shows an increase Of loans
So O00 900 (which is rather remarkable In view Of
he lower prices OF stocks increase OF $3.50 In
legal tenders and a loss in bank reserve OF about
b. O00 O0O which is equally curious result OF the
weeks business Money on call continues In iull
supply at rates which vibrate between and per
cent as coateras are offered In the shape Of steady
governments the moro mercurial railroads.
OPENING
The opening prices to-day were AS follows:-Go DID,
l02zz; Western Union, TX; Lake Shore 62k; Now
York Central 1868 Michigan Central, 50; Rock ISL
and s9a; Delaware, Lackawanna ana Western. 5o's;
Delaware and hudson, AZ; Morris and Essex, 7oa; /;
c. c., c. anc l., s51s Erie, 1o4 ohios, SO. st. Paul,
Ga<; do preferred 7oll; Northwestern, 30; DO pre-
terred, 65x; Pacific Mail, 2l14; Illinois Central, 72a;
Hannibal and st. Joseph, 121s; do. preferred 2s,s;
Kansas Pacific, 7X; Mariposa, 3Z do. preferred, AZ
CLOSING QUOTATIONS.