The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-22
FINANCIAL AND COMMERCIAL.

THURSDAY, Oct. H-P. M.-There was a
continuation OF the speculative activity in
stocks, but Lake Shore was the conspicuous
feature, with Pacific Mall Western Union, Ohios,
Northwestern, Erie, and Pacific OF Missouri also
active and prominent. The clique In Lake
Shore was encouraged by its success OF wednes-
day, and having discovered that some prominent
operators were still short OF this stock, further
moved up the price 3. " cent. from 56H to co.,
Some OF the smaller spectators lost heavily in
proportion to their capital, but the covering
process among the larger bears was POSTPONED,
that the market In the absence Of this ex-
pected support fell back TO b9h at the close.
During the morning transactions such stocks rs
Pacific Mall western Union, Northwestern,
and Ohlos developed decided weakness, but
this fact was lost sight OF In the later trade,
when Pacific Mail jumped suddenly from 3s't TO
,a'i' and Ohios moved up 2H u cent. from 10 TO
l7sa, though II later reacted to 10 and closed at
l67s. Western Onion was heavily sold until the
second board, when the bulls commenced
their howard movement more vigorous
w. though the rally was less significant
than IN the other shares above named,
was establis he'd, with ANAL decline to 75s, but
| closing AT l5S. Northwestern during the morn.
ing dropped = Y cent TO &A, but rallied y
| effected at 35S. Erie was also weak in the early
dealings at decline of = to 1bH, but 1t took on
moro strength and recovered TO 10. and after
ward sold at l57.. Pacific of Missouri was weak
throughout the day. and dropped from 10 to
| sponded to the buoyancy of Lake Shore and
the other leading stocks. but rose from S3A 20
| Rock Island and Panama were neglected, but
| were steady, the former at lU}1l and the latter
| at 10. New York Central and New jersey Cen
trail sold at 1J and l0iA respectively, but Ia the
| remainder of the list there was nothing devel-
| oped worthy Of special mention.
The sharp rice In Lake Shore caused much sur
| prise in speculative circles outside of the few
Interested In the clique, and has been too sud,
Ali q
Just little, n they expect 10 find a market for
their holdings; A half dozen speculators Of re-
spectacle capital may be short Of this stock,
| but the great army of bears will soon succumb
| " pressed IA severely as to-day.
| formerly Of the well-known firm OF Ward X Co.
lie was short OF Lake Shore and Western Union
The total number OF shares dealt IN was .G7,-
| E,0, OF which Lake shore represented llilW;
| Pacific Mail, 4G,4OO; Western Uuion, S,7l7 (;
P Psdsc S1 - Nortnwests9n' ; Erie BOO
ferred, $50; Rock Island, $40; New York Central,
800; ST. Paul, 400; the preferred, 1000; Michi-
| Central $50 Harlem. $50 Hannibal and ST.
Joseph, 800 Delaware, Lackawanna and West
| ern, 37j; Atlantic and Pacific preferred, 100
Cleveland and Pittsburgh, 800; Panama, 200
QUICKSILVER 100 Atlantic and Pacific Telegraph,
| 100; Morris and Essex, 40; M. L. and NJ. Co.
| preferred, 100; and Chicago andAlton preferred,
In the gold market there was an active busi-
ness during the morning, and the rrice declined
| from ll63. at the opening to 1875. In cOnse-
qnencee Of free sales by operators heretofore
| There was partial rally, however, IN the later
| trade, and the market closed at ll65s.
Inc following were the principal quotations;
1000 \. Mics lo:9a 4. 11Gil 1855 \ " ile
1901 A. N ..1ldii 1889 A. NJ .ll6 1;33 +. n. 1l6ls
lO.22 4. M...11dls l1l7 A. llb5s 500 +. M.1ldSs
In loans the paid for the GOLD 1.l0,
| 1872. 1Bi. %. b.0i, and v cent
Ihc tai clcarngs at the Gold Exchange Bank were
t3 $4,000 gold balances, fspiaSui and currcncv
balances, e. S57,sS The Sub1rcasury redeemed t6,.
go u called bunds and paid out IN coin interest on the
| public debt o. 700.
The days business At the United states suD1reasury
| was. Gold rcceipte, fh77,3Ge02 do. payment fi33
OO - balance. t3p.iis sO7.5s ,urrency receipts
| f56l,lSb ~ do payments. ril6,57OIb 10. balance
| 1881, O5t 20. Customs, t253uoo
At the Treasury sale of tl.OOO.Oo0 gold TODAY bids
were elicit to the extent OF al $1,000 at prices rang
ing IRON ll55O To 1lG % and the awards
| . basis u 1l5.gtis til6.u3.
| Foreign exchange opened weak at - n and ~ 81 Z
for time demand bil The rates we're subsequently,
reduced to q !6l4 aud t4sl but about p NJ IA con
sequence OF better demand there was recovery To
| the opening quotations
Money loaned easy call at 2ita3 cent, with nna
negouatons at the over ngure. Discounts continued
| Qulet at 6e7 for prime names
10 the decline In gold foreign exchange. The pn
cipal transactions in registered ami coupon o.
1881 registered 1865. registered Is, 1881 coupon
and registered lO4Os currency ds, coupon 1905
| ana coupon 1859 and 1858
| The following we're the 3 7. NJ. closing prices.