The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-09-21
FINANCIAL AMI COMMERCIAL.

MONDAY, Sept. 20-P. M.-The opera
tons At the Stock Exchange were characterized
by more than the usual speculative interest. be-
cause Of the alarm excited among the shorts In
Lake Shore, which rose tx y cent from 521s to
5iA, with closing sales at 5iH. In the morning
transactions, however, Western Union and Erie
were the conspicuous features, the bears having
selected these shares az the chief points of at
tack, and the drop in London Of the latter
stock from lsA To 10 encouraged free selling
movement IN this market, which resulted In a
decline from q In the street transactions Of Sat
urdav to 1875, though 1t rallied 10 1875 At tho
close. A cable report of Sir ward Watkins's
proposition in London tod " was given TO the
public, that instead OF raising money for the re-
suscltatOn Of the company, he recommended
the stock and bondholders to cancel the floating
uebt from the surplus earnings Oi the road, aud
accept oOhRatipns based upon It's future net re-
cepts In payment ~ interest. The opening
OF the London Office IA also suggested. at
which monthly statements shall be ticketcd,
aud That a representative OF the bOndbOld-
efs snail he appointed to act In concert
WIN neceiVer Jswett,w whose course IS cOmmsnd-
ed. lhis ~ different from what Mr. Watkins
talked when here, though the English public
NAV prefer 70 contribute In this way rather than
subscribe additional amounts In cash. II tho
Interest ON the bonds Is allowed to be employed
III the cancellation Of the Heating Indebtedness,
the road VIII soon be tree from pressing OBJ
legations. The interest In this stock was,
actions In Lake Shore. Among the va
riOus rimors which assisted In its advance
was the story that Commodore VANDERBILT hav-
Ing checkmated jay Gould in Western Union,
retaliation by laryc purchases Of Lake Shore
was commenced, the Commodore having sold
the stock short and borrowed his deliveries Of
the same. The next few days will determine
It's correctness, but Spectators OF more than
usual strength, at all events came Into tho mar
ket to cover their contracts. Western Union
was heavily sold at the opening, but dropped on
only q cent. TO 1dA. and then advanced
To isp ON reports that the Commodore was Ouy-
ING, but atterwaru acted to ~, seller 3, and
closed at 'sA Pacific Mail also feature Of
the days speculation. and rose p n cent. to 49,.
closing at the higher figure anu Northwestern
rallied v cent. to MsS. st. Paul advancing TO
A change in the tone Of the mark was noted
in consequence Of advancing quo tations, and the
pun element was conspicuous after the close of
market as the past few Gays lraye developed Il
Is difficult to discern the future OF prices yet
tions.
The total number Of shares dealt in was
2ll,Hl3 OF which Lake Shore represented 5000
LFie, ~, 100 Western union, u GOO Pacific Mall
1880 Northwestern. 1900 st. Paul, 1890 tue
preferred, 1850; Ohios. l3oQ; II .nnibhl and st.
Joseph, So Pacific OF Missouri. 40; Union
Pacific, 400; Wabash, 400 st. Louis, Kansas city
and Northern, 100; the preferred, 40; Mariposa
Land and Mining Co., 200 New York Central,
rs Northwestern preferred, go Atlantic and
Pacific preferred, 100; Cleveland and Pittsburgh,
100 Illinois Central, 100 Kansas Pacific. 2Oo
Delaware, Lackawanna ana Western, ~ and
Delaware and Hudson Canal rs.
The movements In gold were the natural re-
banks, AS indicated IN their statement Of Satur-
day, ADDED TO the fact that prominent capitol
lists were sustaining the market. The opening
price was u6A, nut II soon advanced to 1l74
though later dropping on to 49,. ON the win
drawal OF orders from the shorts to cover their
contracts. From this point, however, IL rallied
to ll1k again. but subsequently Welded to III,
and closed at Lights figure having been bid
In the street de.lings.
Inc Following we're tue principal quotations.
1000 \. u. ll6h 1899 \. M.ll7A leodP M.tl7
1U;O0 A. M...llGis ll0t A. Mill i9;E P.M.IifA
lOOs A. NJ. III ll2o A. II. HOS 300 Pm .II5ls
In loans the paid for the gold werc 36g,
Tue total cieAriusS At tue told Exchange Bank were
yt3OJ5V,Di god balances. tl,3ts,5S5 anu currency
haituC o. tl5i2i35. Inc sub Treasury redeemed S-u,
vOJ 10 called bonds and PAID out m CON interest On the
The days business at the United states suDlreasury
Was. told receipts, ttSJl sd2S 10. payments
seipts, t.ts5!l55i DO payments, tlll.JoJ.2o, do
balance, tjh,jlt .lsnN. Customs xi6i mo
The Internal revenue receipts footed teiqOo0 and
the customs recepts t04l 90. Tue Treasury Waeh
redemption. The treasury balances the close OF
busln ~ IA Washington were. Currency, f2,3JOOuui
anu coin 900 b5uVcO Including fi3OOO,OoO coin ccrtn
Gates.
Foreign exchange vas weak and lower ana the rates
reduced to - 81 and ti.Si for time demand
bills whilc sctut sales we're effected al Ai9stt.s9a
Money opened with free offerings on cal at , cent
but the demand having been restricted, there vas re-
Discounts " cic quiet and without feature at SCI
Government securities reelected a str1nf tone r.
spouse Go tne nrncr tcudcntj VI gOld. but the board
trtnsacilp wee lunted tunpln "., 1881, spld at
lI'; b. stored d. Al 10. us coupon I,b5. l-ni
Ann l-li CURRENCY o., l@s'4 coui n lNhis llpsi alu
re- iatDrru H., 1881. l.iit
Tue following eerc tuc3P. NJ. closing prices;