The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-09-16

"WEDNESDAY, Sept. 15-P. M-The opera
lions at the Stock Exchange were attended by
considerable excitement, and tho volume Of
transactions was unusually large. The COM
bination recently formed for specializing ON the
downward side OF the market received addi-
uonal accesslons, and successfully was the
bearish feeling engineered that the bulk Of the
local operators became free sellers. The lead
ers OF the movement at once entered the market
as quiet buyers, which fact however, was not
discovered until the final hour OF business. Dur
Ing the stampede after midday Lake Shore as
compared with the best figures Of the day,
dropped 2S y cent. to 5lA; Western Union. ~ to
7sA, seller . Pacific Mail, 90 to 49,. Ohios,
10 to l0A Northwestern, l.. to So. the pre-
ferred, y to b2& st. Paul, a to "a tho pre-
Tered, a TO Ga and Rock Island, 8 to 1861
Erie was exceptionally strong In the early trade
in response To the advance In London quota
tons, and after opening Il y cent. higher at
lbA, as compared with Tuesdays closing trans
actions, further advanced to 10, but at the ex-
IRENE figures large blocks of short stock were
thrown upon the market. which resulted in a
reaction to 111s, though II subsequently relied
Z cent. on report that the receiver had fled
with Judge D9nohue a more favorable state
ment than had been anticipated.
The whole market recovered at the close ,, to
y cent. consequent upon the sharp covering
OF the shorts, and a further upward reaction
VIII probably be recorded Tomorrow. The cnlt-
standing short interest Is unusually large, as was
evidenced In the loaning rates OF stocks major
ity Of which ranged from Hat to 1864 for use and
whenever the leaders OF the late movement de-
eide upon takirg the other tack there Will he a
lively scramble for those shares which have
been thrown overheard with such wild abandon,
The speculation Of the past few DAYS has been
almost exclusively confined To the local opera
tors, and the outside public have prudently re-
RETAINED from dealing.
4o5, Of which Pacific Mail rcpresoi,ied 7l'sc.
lake Shore, $500; Eric. 1850 Western Union,
preferred BOO; Rock Island, 2.5JO; St Paul
,'SO me preferred, 1850: Pacific OF Missouri
sseph' Loo Michigan Central. 1.l3O; Canton,
" ~ NJ u Goo Central, Sl ST. Louis and Iron
trad, no; Delaware and Hudson Canal. 2I6 AT
I9htic and Pacific preferred, 225 Atlantic and
Pacific elegrauh Company 100; American Ex-
ton, 100; the preferred, lUO /. Morris and Tssex.
iU; L 5. Express, 100; \. Y, y. IL. and H.,
IL and G., h. ana Quincy, TO-
The GOLD market was also activs and recorded
frequent fluctuations. less confident feeling
belief that the Syracuse Conyentt@n wou,G
adopt hafd-money platform, and under this
innuence tue price, after opening at ll63, fell
III, when the stock market was masking it, low
est figures. though later i yielded to il6i.. and
was occasioncd by the report that the Secretary
would sell more than SlOOO,OOO-the advertised
inc ioloSiug were tue principal quotations.
1859 4 iiS,. li:sS s. IliSt s1ePMli7
1857 A NJ. lldl4 e'o5 +. Mics 3oOP Nj .iiG.s
T. Loans m rates paid for tie use Of gold we're ~
30i % -, 10. 5-Jf, and 1854 cent. 80
Ihr toial crarinss al tho Gpll Exchange Bank werc
6Ssncc- so5e Inc sub eSsry re a@a SgT5 ,y
900 N cai,e nonds and paid coin interest On tic
public dclt t2dUOu. ~
The day. business at the United States suDlreasuy
sos 0 d rs'SS aice 81 40 d R@enls
cepts shs2 t6i % DO payments. tsi7 bO do bal
Hhce' toHafouno..S, customs ti-otsr. tlSnS,OuO !
cane ca con c,lincstes we're sent to Washington.
Inc internal revenue receipts footed up g. 10000 and
the customs receipts SLOlO The Ircas airy Al Ma Ia
ngi,n received SAO,OOO IA national bans notes Tor
redoinpuun. The Treasury balances the close II
business NJ Washington werci Currency (225UuOO. |
Gates @
Foreign exchange was duh and heavy throughout the
daN The ratrs late 10 the afternoon we're further re.
aueed TO tieO aud - "a Tor tune ana demand OF Is.
Money opened active az 2Agr3 q cent. ON ct.i bur
was nuerAy unercd at IN the nnal negotiations DIS.
counts were dun aud nominal.
HoFrrhihcnt bonds wefe steady IN the morning but
good inquiry Nas notcu IN the later deGiings- mar
krt closing etruug.