The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-05
FINANCIAL and COMMERCIAL.
The Stock Market Very Weak-An-
other Break in Lake Shore.
GOLD 102 ga. A 1O2 5-S.
Government Bonds Firm. States Lower
and Railroads Strong.
HONEY on CALL EASY ATsA6 PER CENT
WALL STREET.

TUESDAY Dec 4-0R
A Il has turned out the stock market has only
struggled up 10 the edge Of precipce In order TO
tumble over reaching u. The improved figures
made Tor leading shares At tho close yesterday
Knocked into ''D this morning. almost 1t the very
opening, and continued In state Of mudds the day
through evidence OF this attention u droctsd 70
Lake Shore. which sold down from SO 10 59x; Aichi.
gan Central from ssx SIX. and Delaware and
Lsckawanna from 4sx TO Ask. With the exception
Of the drst stocks, which, At the end OF business
nattened out like the typical pancake. tho
OF the list grew better after meridian and closed up
with fractional Improvement upon lowest priceH but
BY no means up TO opening The sudden bouie-
Ucrsemsnt quotations lraceabls causes
The injurious concerning the National Trust
Company. prevalent ater business hours yesterday,
we're renewed this morning Like Banquo's Ghost.
they would not "down. although ofncal denial OF
them read to the Board. Rumor mad 1t that a rc-
celver had been asked for; that tho bank examiner
looking into the sooouats and late In the after.
noon. that extensive defaicatons had been detected
This pretty capAcious NUTSHELL provided there
was kernel OF troh to oil liza fact = fiction
which was not known ct the close Of business.
further cause Tor Depression particularly ref
srable to Lake Shore to the effect that the ex-
psctsd dividend upon stock would DO passed en-
tirely. The bow window people are rspnted to have
gwen publicity 10 The report, and apparently backed
up shsir opinion by liberal sales Of short stock In
which process Mr. Gould, NJ tree and indepen-
dent maraudsr, took buccansering hand.
Contrariwise. Western Union struggled enectualy
against the prevailing weakness OF the day and came
out Of the scrmmags shorn OF but per cent Of It's
opening strength. II is given that the company
has earned per cent during the last quarter
expected that the usual quarterly dividend OF per
cent Will be recommended by the Executive Commit
lee tomorrow. Western Sharcs teil on from to IN
per cent in sympathy with Lake Shore aud Michigan
Central and in spite OF tho orthwes dividend, which
has been declared, and one IN St Paul preferred,
which 10 probable The market closed ieverish and
irregular. with per cent decline in gold ~ result
OF the firm taken by the Presdentin his Moss
aud miscellaneous shares Whether tho mixture will
turn out 70 be dish A. TO be sol before the king Of
spsculators only OF broken victuas fitted to
The taste OF scslpers depends upon the tendency OF
The market IS 10 decidedly hishor or lower prices
OPENING PRIcEa sA&
the opening prices OF active stocks to-day were a.
follows:-Gold l02X; Western Union. IS; Lake
Shore, 50; New York Central 1o6X; Rock Island,
10oH; Michigan Central sex Delaware, Lackawanna
and Western, 40A.; Delaware and Hudson, Al; Erie
tonered TO- Ohios, SKI Wabash. l61s; c.. c., c. and
l., 85; st. Paul, 36h; do preferred, Hk; Northwest.
srn SO; do preferred, o6x; lllinos Central, 721s;
Kansas Pacific. So; Ontario Mining Company, 27As;
Chicago and Alton, 7sK; New Jersey Southern, TX;
Union Pacific. GIN; Fort Wayne, 9lH.
CLosrsG QUOTATIONS.