The New York herald., 1878-11-17
The Stock Market Less Ac-
tive and Lower.
GOLD STEADY AT 100 1-8
Government Bonds Were Strong States
Steady and Railroads Irregular.
THE BANK STATEMEA r.
Money on Call Was Easy at
8 a 4 Per Cent.
WALL STREET,


SATURDAY. Nov. 16--G p. NJ.
The same rregularity which the salient feature
Of yesterdays market continued to-day. Some stocks
during the days business gained fraction. some
lost fraction ana the rest did neither thing
the other. The bl,k of transactions was confined tc
Western Onion. Lake Shore and Delaware and Lacka
wanna. The telegraph property proved to be the
most excitable stock upon the list ranging 1t did
from 90 to 95s and recovering in final dealings to g.
In spite Of the renewed promises of fresh issue Of
stock the price declined one per cent. While some
of the directors desirous of dressing the stock mp
in the frlls and tucks of scrip dividend Others
not. The melon is ready to be cut, but from
to-day's appearances somebody has mislad the
knife. While it is being hunted for the
stock is liable to all sorts Of vasaries. and may sell at
par may sell at 90. Speculation in Delaware and
Lackawanna shares unusually brisk. The bow
window people credited with having been free
sellers. The impulse to do 80 may possibly be
ascribed to the fact that the Pennsylvania Coal Com
pany sold lot of refuse coal which had accumulated
during the year at prices less than schedule rates.
Without waiting for facts our bow window friends
like trout at fly. ard have been hooked. Is
fair to presume at least for their sales mada
between 81 and 50., and the closing price 51is.
1t is more than probable. however. that the value Of
coal stock was affected by the meetings held in
that influence to-day. The Board Of Control.
convened at Philalelphia this morning. agreed
to make the entire quota Of coal production
for the year equal to 100000 TONS allowing the
several interests to ship their quota during Novem
Der and December may suit their requirements
This would make the allotment for December up to
2OO0OO0 TONS against 800 900 for last month An
informal meeting Of the various coal interests also
held at Philadelphia to-day. The purpose was to ex.
press some opinion as to what should be done re.
garding continuance Of the combination for the
ensuing year. The Lehigh Valley Company and other
minor interests failing to appear definite express
sion of opinion had though it was
advised that the present arrangement should
be continued until the lst OF April next un.
less some plan should be adopted in the
interim. Among the railroads the Nortwesterns
particularly strong. For the first two weeks In
November an increase of $4,000 Is reported in earn
ings the time last year. and the friends OF
the property confident that dividend is assured
OF at least 81 per cent upon the preferred and from
to upon the common stock. Az they say of cot
ton, final quotations from fair to mddling.
They were certainly worse, and, in most cases.
they better than the lowest Of the day. This 10
about the best that can said OF the termination Of
q market which had been brokers' one the day
through and ended as it had begun.
The opening highest, lowest and closing prices Of
stocks and gold at the New York Stock Exchange to
day were ss fullows:-