The New York herald., 1878-11-23
GOLD STEADY AT 100 1-8.
Government Bonds Firm, States Dull and
Railroads Irregular
Money on Call Easy at 8 a 4 a
2 1-2 Per Cent.
WALL STREET.

A low barometer, pluvial downpour and general
torpidity Of the liver result Of the weather
(which latter. everybody knows is prolific of
"blues'). afforded fair opportunity for an attack
upon the stock market this morning The II. 8. V. p.
thus specially invited was responded to by an at
tempted raid upon the whole active list. We write
attempted advisedly, since the result attained
failed to bear out the design contemplated. promi
nent operator free seller at the opening, sales
OF some ten to fifteen thousand shares being credited
to his account. market however, existed suf-
hciently confident to absorb them without giving
way more than half point Out Of these facts arises
sconundrum. While ostensibly seller may it not
be that this quasi bear operator protected by
orders to buy? 1t is an old trick to sell stocks
down and employ your own brokers to buy them.
OF course. in of this kind hand washes the
other but the scheme is successfully carried out
lower range OF prices is made without sacrifice OF
shares Either amount Of washing was done to-day
that in magnitude would astonish the pagan Of
heathen Chinee, there latent and unexpected
demand for shares existing that astonshed the sellers
Whether due to influence the other. the pseudo
raid of the morning proved to be fasco, for closing
prices were as good as opening ones. The slash ut
the grangers, Lake Shore and Western Union carried
prices down about half per cent. and there
Its influence ceased. Though. mechanically knock
bullish feeling which exists as to the future of the
better class Of active stocks. Values are likely
TO stand good deal more punishment than the
bears able to give IL they handle them with
out gloves. Especially is this the with the
Northwesterns which little inclined to be knocked
down under the favorable showing which they make.
1t is semioficially reported that the increased
ngs Of this road for the first four days in the third
week Of November sum up $27 400. and that the in
crease for the two preceding weeks amounted to
$4,000 The gain for five months two weeks and four
days over the corresponding period Of last year he
most profitable one In the history Of the company.
10 reported at $7l 400 Quotations in the coal stocks
we're nearly at standstill. The probability or non
probability Of an extension of the combination Is
exercising the minds Of speculators without the
operation Of the Lehigh Valley interest it will
doubtedly fall through; with it it will be continued
But the Lehgh Valley Company dissatisfied with
the quota Of production allowed them They
voted by the Board Of Control IL per cent Of the
tire production they demand 49, but will take ~ per
cent. Somebody must make up this per cent differ
ence % . sop to Cerberus The Delawares looked
for to supply it between them. they decline to do
20 away goes the combination. Reports of the
present condition Of the coal trade not encourage
ing. The demand is small and schedule prices are
said TO be cut under whenever buyer presents him
sef with cash in hand figures shrink in the presence
Of certified check. Some apprehension exists that
pinch in money previous to the year may affect
the stock market temporary stringency at the end
Of the year is to be expected the result of sote
ents Of yearly accounts. and it is possible that the
same may be aggravated by prudential preparations
for resumption, in regard to the efforts of which
more or less doubts exist That these doubts. how
ever not esteemed Of vital importance is proved
by the fact that loans for ninety days obtsnable
ON fair stock coateras at rate Of interest not
ceeding AZ per cent 1t toss Of copper to-day
~ 70 whether the paramount feeling in the share
market was bullsh bearish. Some of the leading
operators profess to be upon the bull side Of the
count and some upon the bear side. Az In popular
estimation the stock gambler is decetful above all
things" If not desperately wicked" the reader
must make up his own mind TO whether these
professions true not
The opening. highest. lowest and closing prices of
stocks and gold at the New York Stock Exchange to-
day were as follows