The New York herald., 1877-12-28
FINANCIAL And COMMERCIAL.
The Stock Market Dull. but
Very Strong.
GOLD 1O2 7-S A 1O2 5-S.
Government Bonds Weak, States Dull
and Railroads Irregular.
Monev on Call Active at z q 3
GOLD 100 7-S A 1O2 5-S.
Money on Call Active at a 3
Per Cent.
WALL STREET,

THURSDAY, Dec 27-S6 r. d..
So far as the share market was concerned the
pade Of Messrs Meter Co. had little no effect
to-day II somewhat otherwise in the money
market, where loans were pushed up at ono timc to
l32 and interest on CALL though late in day. whom
bank accounts had been pretty generally madc up the
ratio fell of pcr IL is rather curious that
tho failure OF Meter Co.. being OF the same k as
lenders should have disturbed tho confidence OF capt.
taists Hitherto II has, very properly, been the Gus
tom Of leaders to scfutnze the colaerals OF borrow
crs while the latter have intrusted their securities 10
the with every confidence In their probity II
appears that it Is quito necessary to scrutnize
the character and integrity OF tho lenders With
tho boot thus shifted TO tho other leg,
as the sharp practice ito call II W no
stronger term) OF Messrs. Meter n Co. has
proved it to DO possible to do, 1t submitted that
money lenders to day have taken upon themselves
necessary airs In squeezing the proe up to the srin
CONT rates referred to. AS for the stock market
proper, business dull and the change in huctua-
tions small A moderate degree Of activity in Lake
Shore and the coal stocks alone prevented tho estab
lishmcnt OF that vacuum In speculation which IS as
abhorrent the stock broker in financial 1t
is to nature In a physical This "aching void"
was however,, prevented by tho activity referred to-
Lake Shore osclating between the limits Of one per
cent the coal shares being alternately strong and
10 what would ba done at the meeting
Of the coal companies. At tho hour Of ad-
journment Of the board nothing known
further than that The meeting had convened.
organized and taken a recess until threc O'Clock. Of
there were indications In this 10 direct
speculation, SO tho small gamblers who lowered about
based their smaller ventures upon the probability Of
Mr.. Packer being pachy dermatous ana going neck
and crop into the combination or AS to bis being thin
skinned with regard to tho rights OF his company to
enter therein ana keeping out entirely Between
these two opinions Delaware and Lackawanna as
tho representative stock became alternately strong
and weak. and closed midway between the highest
ana lowest points OF the day. Fluctuations OF pcr
cent less covered tho variations In tho granger
and Western Union, and the remainder Of the
list was as much without "iormn as scratch Grew
OF Meter & Co.'s contracts. since writing The
above we learn that tho coal meeting hdA
without accomplishing anything, adjourned tome on
Tuesday next al Philadelphia Mr. Packer it Is said,
was present. and may therefore be considered as
the "missing link" In tho combination cablc, which
it will be difficult to do without, aud which win
companies 70 replace. fNES aw
OPENING PRICES.
The opening prices to-day were--Gold, 1o2,s West
crn Union, II; Lake Shore, COS; Michigan Central
b7eS; Rock Island looA; New York Central, lo61&;
Delaware, Lackawanna and Western, oo4; Delaware
and Hudson Canal SO; Illinois Central, 7s ST. Paul.
357s 81. Paul preferred, 72A; Northwestern, 349s;
co. preferred, CAS-; c., c., @. and l., 35 Erie ssS;
Now Jersey Central, I3; Chicago and Alton, II;
Ohios, S1l.
MI