The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-20
The Stock Market More Ac-
tive and Steady.
GOLD STRONG AT 1o2 7-s.
Government Bonds Weak, States Dull
and Railroads Quiet
MONEY ON CALL UP TO Ls2 PER DIEM.
WALL STREET, 4
WEDNESDAY,, Dec. 1876 +. IL

WEDNESDAY,. Dec. 1s-6 r NJ
Spectators In coal shares, who regarded the pro-
jected combination from o Jack Horner point of
view. so speak in that they anticipated the
struction Of financial pie which should be full OF
pums Tor lucky holders have been disappointed to-
day the which these shares have taken upon
the market SO far there has been chance ''put
10 a thumb" with any prospect Of pulling out a
profitable plum. for prices have been heavy and
dropping The day through and there profits
the bull side to extract Plainly the expected up
ward squirt has not been realized correctly,
has already come and gone, throuss disco uniting
process SO well known to the street. AS has been
the for back, Lake Shore was again
the magnet OF the market, Spectators Of all sizes
clustering around it like steel filings about loadstone
II soon became apparent that thore buyers
than Sellers for figures grew smaller the day
wapcd though not 10 an important degree; iu fact
during the last hour fractional rally set In which
held to the close. Brokers somewhat bothered by
the course of Lake Shore, and, as usual when in a
quandary, father the mystery upon Mr. Gould. This
gentleman nus been often placed in this parental
relation that he has become sort OF financial Brig
ham Young, compelled TO father two-thrds OF tho
bastard projects OF the street and incur the odum
they 10 TO the bad He was placed in this position
to-day in respect TO Lake Shore, It being given
that he was free seller of short stock and had
put up the bow window people to follow his
example. II is Tar more likely that the doubts
tho dividend tho cause OF tho weakness. All
sorts OF reports adoattnat it to be per cent
that IT Is to be per cent that II Is TO be nothing at
all. Again rumos has II that it will be declared
this week, and anotner the contrary, that 1t will
be LAID over until February The Ohio aud Mississippi
property exhibited fresh activity this morning the
price running up 10 104, but falling back u per cent
or at tho close. The rise TO be legitimate
ono. and is based upon plan looking to a reconstruc-
ton Of the property We are informed thar all ex-
listing suits between the con,ending parties have
to prepare for amicable settlement OF the
,on" will be appointed, to consist Of two
representatives OF the Baltimore and ONO interest
tot which Mr.. Garrett will be one) two from the OPP
position and fifth In the person OF Sir Alexander
Gait. who. we suppose will act arb,tey rerum in
OF tie. There will be change in the present
direction, assessments aud no foreclosures The
road is said to be earning over million dollars net
which is sufficient to pay the current interest and
leave handsome balance besides. The Western
stocks and Western Union call tor mention beyond
that they dull and steady, while the Of the
Inst lay as hfeess as Ay in amber
PRICES.
The opening prices at the Stock Exchange werc ~
follows Gold, 1925; Western Union, 77h; Lake
Shore, 59ls; New York Central, 1861; Rock Island
l01 Michigan Central 561 Delaware, Lack wanna
and Western. 51s; Delaware and Hudson. So; Morris
AMI Essex 74A; c., G., q. and l., IS; st. Paul. e5s.;
do preferred 1ss Northwestern, 341s: do preferred
B2l4; Pacific MaIi Ella Erie, 9h Ohos, o; New Jer-
rey Central, 1917 G., G. and l. G., 81 Illinois Central,
72A.