The New York herald., 1878-12-14
The Stock Market Fairly Ac-
tive and Irregular.
GOLD STEADY AT 100 1-s.
Government Bonds Finn States Stead,
and Railroads Strong
Money on Call Easy at 8 8 f-2
2 1-2 Per Cent.
WALL sTzEEr.


~ ss .n FHDAY, Dec 13--6P. M.
While dulness In prominent relief In to-day's
stock market there existed background Of uncer-
tAinty which messurably intimidated leading opera
tors Neither bulls bears the way clearly to
profitable future. and undsr this hesitation specu
stion halts. goes without saying. therefore, that
fluctuations were feeble and transactions moderate.
~ . result, however. Of this double event there
surred general sagging Of prices. and almost with
out exception quotations Of active stocks lower
st the end than at tho beginning. The coal carriers
remained steady the day through. with little change
Tor the worse at any time and with less change for
the better at the Close the cheapest prices being
made at this period The Delaware and
Lackawanna stock was especially active. buyers
Of yesterday and the day before were sellers to-day;
but these noted bears the inference that they
simply corrected the mistake which they had made
BY buying at ALL Meanwhile 1t is not to be doubted
that the Morris and Essex dividend has been provided
for, oven II there should exist difficulty about cur
rent expenses within tho company itself In the rail-
ways there considerable oscillation. prop
critics being better others worse The Northwesterns
were inclined to droop. while the st. Paus made
bones about the matter but dropped outright. Ap-
pesrances are that somebody holding an important
interest in the Northwesterns has 'stole away" and
broken faith with his coparcenes at least the weak
moss of the stock would justify such inference.
would also the seller sixty sales made per cent
below the market Somebody has blundered.
hsppened ct Balaklava. or somebody
hes cheated. happens every day on the
Stock Exchange. For non-spcculative property the
Chicago, Burlington and Quincy Railroad Company
showed considerable alacrity In depreciating its
value selling down. as the stock did to-day, from
l0sk TO 1861. with only n per cent recovery at the
snd The explanation OF the decline is to be fountain
the intention of the company to issue some 27 600
shares of new stockequal to ten per cent upon the
present capitalize shareholders at par OF the pro-
ceeds 10O0O00 will be devoted to the purchase OF
steel rails adequate amount to build 1000
new cars and the residue to the construction of
twenty-five miles Of . new branch road and to re-
ducing the grade of the Iowa division. Like most
railroads they are disgusted with their uphill work.
Ohio and Mississippi shares better to-day par
scularly the preferred Sort which advanced to 1sk
The business Of the road for November was excep-
tionay good. witnessed to by the following state
ment:- NNkEE IAfIfa 9ss tfE
Gross earnings for November. .$507 029 80
Gxpenses.. 358.6S0 6S
Add cash on hand November l............ 64.ll9 %
p Net cash on hand December 1...... .s2i2, ,4s9 13
--or cash account increased for tho month
OF Novembcr ......................... $S4,229 -
The onset made upon Michigan Central yesterday
by Mr Jay Goulds forces brought MIR. Vanderbilt to
the rescue to-day. who sustained the stock by pur-
chases of something like 5000 shares- Though moth
ing is mooted to dividend next month. it Is given
out that the road 10 earning per cent upon its
eapital. Beyond the items alluded to there was
nothing in the market to invite attention and matters
closed as they had begun, devoid Of animation and
entirely at the beck and nod Of prominent specula-
tors taet faf e4s~s
The opening highest. lowest and closing prices Of
stocks and gold to-day at tho New York Stock Ex-