The New York herald., 1878-11-21
The Stock Market Fairly Ac-
tive and Irregular.
GOLD STEADY AT 100 Is.
Government Bonds Firm, States Dull and
Railroads Irregular
MONEY ON CALL 4A5A 8 PER CENT.
WALL STREET,

WALL STREET, !
WEDNESDAY, Nov 20--6 p. III.
To-day's stock market was as much like that of
yesterday as two peas in pod. Delivered over to
the manipulations Of small traders, prices werc
slightly affected and dealings reduced to moderate
amount. For reasons best known to themselves the
wholesale spectators declined to operate to-day, and
dealings were left to the two-and-sxpcnny element,
which. in retail way. strove to keep things moving
The attempt met with Indifferent success. Some OF
the active stocks experienced fractional rsc Others
. fractional fall. In either case the fuctuaon was
meaningless. A very decided strength marked the
course Of. the grangers particularly OF Northwest
and very suspicious weakness that of the coal carriers
There were passably good reasons for both. Each
Of the grangers said to be doing well in the matter
Of earnings. and especially is this true Of tho North
western property. which. it is stated shows an in
crease for Monday and Tuesday of the present week
Of $4,000 and above the receipts for the corre
spending days of last year. As for the coal carriers
"mums the word" apparently, for they afford us no
information as to their comparative loss gain Tho
Delaware and Lackawanna company advertise sale
of $1,000 tons of coal Tuesday next. instead of
the regulation amount Of $4,000 tons heretofore
Is II possible that the extra amount OF money to be
received will be particularly convenient? While the
usually active stocks remained strong and without
material change some of the more quiet and gencr
Ally neglected ones gave way in price. Prominent
AMONG these Chicago and Alton, which
declined from 80H to 7S1s. reason for the de-
cline is to be found in the statement that the
Wabash company contemplate building short
hne from point upon their main road
10 Chicago. The completion of this branch would
offer direct competition to the Chicago and Alton
line for sll through business from st. Louis to Chi
cago, and TO material extent would to be prcjud
the Chicago and Alton stock declined noted We
dcrstand that the line in contemplation wilr be
less than eighty miles in length and that its cost will
not exceed $s 600 per mile The Ohio and Mississippi
stock weakened to 81 per share to-day 1t is stated
authoritativey that second mortgage bond holders,
representing 100000. have instituted proceedings
1t indianapolis for foreclosure of tho road. AS
usual the Lake Shore speculation was feverish and
uncertain with quotations that marked high as 60
and as low 6sss. The final price stopped midway
between the two and rickety at that though good
information leads to the belief that per divi-
dend may be certainly expected. The best that can
be said of railroad values the end of the day that
they were fairly steady. The prevailing feeling is
bulish. but in the absence of outside support the
market yielded to unfavorabe rulnors. Among these
1t whispered that the railroads would not succeed
in marking up for eastern bound freight on the
25th contemplated. We give the whisper for what
Il is worth-which is probably very little indeed.
The opening highest. lowest and closing prices OF
stocks and gold at the New York Stock Exchange to-
H. fclIN