The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-14
The Stock Market Heavy
and Dull.
GOLD l03 IA A l03 3-S A lO3 IA.
Government Bonds Very Weak, States Dull
and Railroads Irregular.
MONEY ON CALL EASY AT s A 6 PER CENT.
WALL STREET.
THURSDAY, Dec. 1916 P. N

THURSDAY, Dec. lo-o r. NJ
The air was thick this morning with rumors and re-
ports q various descriptions. Of which were "a
vorable and some OF which positively bad. The
savings bank epidemic appears spreading and has
attacked the Newark Savings Institution, the oldest
aud most important bank Of the kind In New Jersey.
Late In The DAY IL rumored that other banks in
the above city had been injected and that general
run was impending. Following In the wake OF these
evils reports OF commercial failures OF lower
prices for United States bonds abroad and OF general
decentralization Of the London silver market For the
last items indebted tho precious pack Of
silver fanatics AZ Washington, whose efforts NJ
sequestration are already bearing fruit In
the lowering OF the nations credit and in
robbinR every man, woman and child in tho CON-
munity who, directly BY POSSESSION indirectly by
deposits In savings banks and kindred institutions
possesses an ownership in government bonds. These
facts were sufficient Of themselves breed uneasy
feeling In the stock market which became ntense ed
so far as the railroads concerned by facts
furnished by the American Consul Odessa as to the
enormous grain crop which has been garnered. and
only waits termination of the be distributed
over Europe To the pig headed Western farmers this
fact is likely to be event OF serious oonseq
and one TO nave been toreseen did they not
refuse 10 learn wisdom from the expo.
renee OF former years and hold back with
, took Exchange people, however, are sharper, and
10 prospects Of peace used with effect against
he grain carrying railroads, although the previous
scne had taken the sharp edge of the demonstra-
,on. II turned out, therefore, that the decline did
not exceed per cent being greatest IN Lake Shore
least in the erangers and mostly recovered iron in
FINAL Dealings The uncertainty to what will be the
results OF the coal meeting also tended TO keep the
market uncertain and feversh Stock jobbng OPINION
ia about equally DIVIDED the chances pro or con
in the matter OF combination. II is very clear that
something viii have 10 be rescue the CON-
paniss from the quicksands into which they
sinking deeper day by day, but II Is extremely dif
hcult 10 hit uuon life saving device that will stand
artes. After pariey Of an hour or more the meet
ing adjourned to meet again At three O'Clock and
session up 10 late hour Although nothing bc-
yond the most meagre OF rumors leaked tho
incline to anticipate favorable action
nd the impression was reflected better prices Tor
zane two Delawares and decided Grmness at the close
BEL tpe general market.
H y a OPENING PRICES.
rae opening prices to-day were as folows:-Gold
PIX Western Union, TIA Lake Shore. 5s%; New
Trrk Central, 1o5h; Michigan Central, 55A; Rock
Az; Delaware and Hudson, 81; Norris and Essex
lax; ST. Paul, 35k; do preferred Il; North
western. 34H; Northwestern preferred, 65s Erie, Q;
Ohos, 81; Pacific Mail, 2lh ST Louis NJ, s; do pre-
ferred, 23A<; Chicago and Alton. Tx; Quicksilver
preferred, 81 /; Hannibal and ST. Joseph, l1I.
CLOSING QUOTATIONS..