The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-09-01
FINANCIAL AND COMMERCIAL.

TUESDAY. Aug. 31-P. M-Speculation at
the Stock Exchange was active and excited
throughout the day, and n further decline OF Y
To 2h v cent. was established, the extreme hav-
ing been noted In Western Onion, which broke
from s0k to 7oh, under the pressure OF large
realizing sales Northwestern, after a rally at
the opening from 20 to i0k, was so vigorously
sold In both large and small blocks, that It's
price quickly dropped to 3sS, though from this
point there was sharp rally TO aoH at the FIRST
board, with subsequent transactions at 3pAa
3o}.a39,s G3eA. Pacific Mail also recorded a
rapid decline from 37h to 36s., but this stock
was subsequently, advanced to 375l by fresh pur-
chases, though II later yielded TO 36st, seller 3,
and closed at 365s. 81. Paul advanced y y cent.
at the opening to 362l, but soon ioiaed in the
downward movement. and dropped y cent,
with later ray TO 30h. finally closing NJ 357t. the
preferred ranging at G2kGJ6,aGs4 G1G9h. Rock
Island nuctuated between 10f1 and l06X, with
final gales at the lowest prices Of the day. Lake
Shore was the chief point OF attack IN the late
trade. and fell on - p cent to 20 seller B. while
ern Union. Pacific Mail, Northwestern, and ST.
Paul stocks upon the market. Erie was excep-
tionaliV strong ~ lGd lG4QlG until aear the
close, when IL yielded to i5s,. and Ohios also
stood UP well IN view Of the large transactions
IN tht. stock II opened at 49,, declined To
~. advanced to 49,, and closed at the early
figure.
Tho street circles were free from disqueting
rumOrs. but there was observed an active per-
sistent unloading movement by large holders,
and there Is littlc doubt that jay Gould has
marketed the bulk If not the whole of his West
err Union. ID. l.. Morgan. IL. y. Smith. aud
Others prominently identined with the recent
upward movement have also disposed Of their
houtngs, aud the great conundrum Of Vail
street ~, who has bought their stocks
The market closed feyerish and unsettled.
with indications th still lower prices would be
recorded on Wednesday.
The total number Of shares dealt in was ae2-
Lake snoIe, 5,Igo; Pacific Mail 1850; North
western. 1880; X eek Island, 6.hej; Ere, 5.70O
y. Paul, 100; the rrcferred, 4biO Ohios. 4.5lO;
tnion Pacihc. 5.'53; New York Central, l,lU5;
H. nnibll aud st. Joseph, 500; Wabash. 4OI;
Quicksilver, 400: Kansas Pacac, 800; Atlantic
aud Pacific Telegraph Company, 200; Delaware.
Lickawanua aud Western. 20; Pacific OF Mis-.
souri, go Cleveland and Pittsburgh, ll5; IIar-
Iron Mountsin. lUO; st. Louis, Kansas CITY aud
Northern preferred. 100: Welis-Fargo Express,
ltu; and Morris and Essex, -.
The gold market also very active at the
opening. consequent upon unfavOrahle san
Francisco advices under date of last evening;
squeeze IN cash gold had tccn successfully
sprung upon borrowers. The opening price
iimS, 3ta d9lck decline TO M; nut u soon
purchases bv shorts. who had become frightened
by the exuctiJns Of i of q cent. Tor the Of
gold until TO morrow The combination mani
pulating this stfingency were liueral sellers ut
the advance, whic1 will explain the later de-
cline 10 ll4b, though the market closed firm at
me following the principal quotations;
1899 1899 MiIti 1874 4. MIA He? MIN
iO.l5 A. NJ .lli9s iiOJ A. VI. .ili1s 800 Il. ST nay
@ Cs9' eS r.e gHd for the H;e 2, gold were 3d.
Tue total c.Arinss at the Gold Excaange Bank were
tl47uOO gold balances. ti747s73 ana currency bah
ancsr. t2.O75, 40
me sqb. Treasury redeemed $1,000 in called bonds,
and rad out IN oon interest Oh tue public dcbi tids ~
The days business at the Cnite States SuO-1 roAsury
wac. Gold receipts, t.ii3&pyl 40. payments,
tisi ,3hiSd 10 balance, t3GiS2 7a2.n2 currency
cepts; t3l3btlS5 do payments, tigJ7oS - do. bal
ance, S6i So hOJ.22. Customs. tf2a,upn.
bu lion 20 the amount OF kl7UOU Withdrawn from
the Sank OF Fngl ind to-day
Foreign lhsuge was completely demOralizcd hy the
COLA squc g. anu he rates were reduced 10 sap aud
ti.sS Tor tine and demand bills respectively, tlVu.h
about midday therc were sale Of % days bills a. low
a. Isl and o. Sc Tor domnnd,
Money ruled e.sy ou cal during the morning az 2ie@3
49,, but ia thr late guttttiJnh the rates
Naucnd TO cent. ciosins however, at 5, Discounts
continued quiet.
Government nG.ds were unsettled hy the Operattnu-
the gold market uuG - wCGkucss OF exchange hut
price. IA the afternoon were stronger me marx
closed nTu. Registered s, 1881, sold At li6%, lltN4
and 1855 consun Do l.ls coupe is6is ~ regis
tetti lSu5-, lsus I'D regl.tcred lViOJ Al HOG.
Tue following we're IN T. 81. closing prices;