The New York herald., 1877-12-19
The Stock Market Fairly Ac-
tive and Stronger.
GOLD STRONG AT 1O2 ga.
Government Bonds Weaker, States Steady and
Railroads Dull, but Firm.
MONEY ON CALL Ga I PER CENT.
WALL STREET,

TUESDAY, Doc l6--0 +. N.
Although the usual habltu6s ofthe board were
present this morning. and outsiders congregated about
its portals the whole days business might have been
smpliHed by the twir,ing OF copper and an abide
mcnt by the result In point OF fact Spectators are
in a state OF bewildermcnt, and blown about by
such different doctrine respect TO the future
Of prices that they know wh ether TO anticipate
lair weather foul ths uncertain state the safest
speculation lies In stock which attracts the largest
following, moves quickly, measures It's fluctuations by
eghts gives the stockjobDer chance 10 cut and
run or to double up, tho circumstances may
Suggest. Such safety was best found to-day In the
Lake Shore speculation, which kept tho stock
osclating between the limits OF l per cent
and closed IL up At the opening prices Although thc
net loss on the market values to-day there
still exists very bearsh feeling against the stock
itself Tho miu weather, by keeping the lakes open
traffic. regar led a OF meteorological sneak
thief, which is uDjusty purloining trade from the
railways at time whom their earnings should be at
the pest Under these circumstances Lake Shore sui-
fers being q road in fagrante deiictu, one whose
business for November reported to he less than for
The month OF year ago, and whose dividend as
expected to be declared this week Will not exceed two
per cent for the years earnings. In respect to the
other Vanderbilt property things are different Tho
Central and hudson road absorbs equally shipments
Lake shore has TO put up with the skim-m,Ik OF
meagre traffic. Central and Hudson gathers in the
cream OF an extraordinary trade. Some people
now doubt whether tho quasi union between the two
intended to afford moro than an oppor-
uni,y to .sskin" Lake Shore and to salt down the in
tegument TO the credit oil Central aud Hudson This,
however, by way Of episode the fact being that the latter
road is making un nprecedented earnings. Mr. Wander
bilt while keeping scdulously aloof from Lake shore,
has been In the market Tor several days back as
buyer Of Central whenever shares could be obtained
between the points Of 1o655 and LOT. 1t is stated that
less 900 shares obtained at these limits,
but the order made for an Unlimited
amount OF stock between the above figures.
There was general waiting to-day upon the probable
action the coal c,mpanes and part Of the sluggish
ness in trade due to this The meeting OF
coal representatives was hold as promised, the COM
mittee presented report and action taken upon
IT, The result to US in report which purports
bc in English, out which would have made The late
Lindley Murray howl from its grammatical absurdi-
ties. The idea intended TO DO conveyed however, is
that board Of control shall be established that an
allotment OF production shall be made 10 each
pany, that a fine OF 81 rs shall be levied upon each
lon OF production, and that .ante" Of Is cents
per ton shall be put up by each company toward
orming "pot'' for the payment Of the fne To get
Ill this shape meeting adjourned until the 9th
lnst when details will be fixed. All this having been
pretty well anticipated, as is the custom with the
street, thero was no Improvement In prices, and the
last quotations below the best OF the day Such
was the case, also. with the railroads, ana between
Tho two the market closed steady and dull and with
put distinguishing feature.
OPENING HIGHEST AND LOWEST.
Tho following table shows the opening, highest and