The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-12-24
FINANCIAL and COMMERCIAL.
The Stock Market Dull
and Steady.
GOLD 100 1-32 A 100.
Government Bonds Dull, States Steady
and Railroads Strong.
Money on Call 4 a Z a 5
Per Cent.
WALL STREET,

MONDAY, Dec 23-6 p MI
At this festive of the year. when the most
irritable of shorts mollifed "pcace good will"
prevails and the snar of the bears gives place the
joyful tones Of the Christmas carol, it is meet and
proper that prices upon the Stock Exchange should
respond cheery. In most instances they did to-
day. In the active stocks there falling off Of
values while in most Of them there a decided
gain Especially was this the case with the North
westerns and Western Union. Like bellwethcr in
. flock of sheep Northwestern common showed the
way. and the rest Of the list followed, whether
not without the aid. however, of more than sup
porting shepherd who proved by steady purchases
his intention OF advancing prices by hook
or by crook. some said Gould the man,
others that the Osborne Work and Morgan party had
assumed the pipes and goatskin. 1t little matters
which of these speculative pastors tended the flock
so long the result of higher prices achieved
That it achieved, moderately it must be con-
fessed. but still achieved, is evidenced By the fact
that higher prices secured at the end of the day
nearly the entire price list and for Northwest in
particular. The coal shares laggards matter
Of course-thc Lake Shore stock matter Of
mystery The weakness Of this latter security--in-
grain incomprehensble and utterly disgusting to it's
friends and consttuents-woud afford las to reasons
for the why and wherefore) subject worthy of the
contemplation Of Cum@an Sibyl or valuable
addition to the twenty question" column of an
esteemed contemporary. In fact nobody knows
why. in the face Of a dividend. excellent
report and generally advancing market Lake
Shore should continue pcrsistently weak So
argue small traders at least. who have ceased guess
ing and have elected to let the stock alone. New
Jersey Central made further advance to-day did
Western Union. Rock Island rather fell off, although
the matter upon which the recent rise predicaed
was put in official shape to-day by the following
action of the company directors Of the Chi
cage. Rock Island and Pacific Railroad Company
cent Quarterly the holders OF the stock of the
company. They also notified the New York Stock Ex-
change that after January next the following will
be stamped upon the back Of share certfcates:-
"Shares Of the capital stock Of the Iowa Southern
and Missouri Northern Railroad Company, equal in
par value to twenty-five per cent of the par value of
the capital stock of this company. held in trust
by the hereof for the benefit of the persons
who shall from time to time be stockholders herein.
and will continue to be held during the lease Of
the Iowa Southern and Missouri Northern Railroad
to this company, on the termination of which lease
said shares will revert to this company. The divi-
dends which shall be paid provided by said lease
upon said shares to the treasurer of this company
will be distributed by him in pro rata proportion to
the of the capital stock of this company at
the time, their holdings shall appear upon it's
books. A transfer of this certificate will operate to
transfer the holders interest in said shares but
stockholder has any separable interest therein or
shall be entitled to any separate certificate therefor
The opening, highest. lowest and closing prices of
stocks were as follows:-