The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-12-16

wEnNrspAv. Dee. 15-P. M-The spec

WEDNESDAY. Dee. 15--P. M.-T'he specu-
lauon at the stock Exchange was limited ~
at any time previously reported. Indeed, ex-
cept for tho occasional squirt, engineered In tho
room, no business would have been transacted.
The chief excitement Of the day WIS The ad-
vance in Fro and the decline Of Union Pacific.
for the purpose Of stimulating the market. One
advanced on tho idea that the receivers re
port would show increased earnings, aud the
other declined Upon the unf ,vJrlble rep rts Of
Mr. Gould's condition-nei her report having
credence outside OF the stock Exch inee. Lake
shore was marvelousY steady, opening at 6li4,
but afterwatd fell ~ els on the rcuort that
there VS. want Of harmony in the man cement.
II seems that the receipts have recently become
40 large that large surplus may be expected
40 the close Of the fiscal year. some oftho Di-
rectors are In favor Of dividing this SURPLUS
among the stockholders who have NOT been
recognized for long period. while others think
tn t II should be devoted to the sinking fund,
or perhaps to the retiring Of some of the bonds.
Under the possibility " the decision being In
favor Of the etOckholdcrs, tue stock advanced
an eighth closing at6lA
1t Is pertinent perhaps to saw that these rant
Of harmony stories about Western Union and
Lake Shore are not generally believed. rarticu-
larlv as the Lake Shore dividends are COM
petely under the control Of Vanderbilt IA thos G
Of Western Uaion are under tue control Of orion.
A complete anal sis Of the extreme fluctuations
will he found IN tho comparative table below.
The to al number Of shares dealt ~ WIS only
$3.50. OF which Erie rcprcsented 1890; l. Ike
Shore. UlGj; Western Union. $3.50 Union Pa
Cihc, $3.50 Northwestern 2.aJ0; It. Paul. l.sBi {;
do. preferred, 100; Ohios. 1Op; Norihwpstern
preferred. 40; Rock Island, so; Illinois Con
trl. 5n; Allan t. md Pacific rclegr pin Com
ynuy. lo1; Harlem, 100; New York Ccntr \, 100 i;
New jersey Southern. 100: WABASH, 100; and
Delaware. Luck w inna aud Western. 10
y money market was firm, with odS z cent.
"a tho ruling rites.
Mercantile paD r was quoted at ca 9 y cent,
ac ,ording e. the standing Of the drawers.
FOREIGN rNchH nge WIS steady. Prime bankers
Gl-'iav bills sold at a BY and snort sight at
Ia tn- gold marl e dulness prevailed At the
op. ming sales we're made ~ lli s. uuf -uhsc-
Il "utly the price advanced to nay, ClJ-inZ at
1Irs.
Ihe following were the principal quotations.
5000 4. tftl. 1t.ln 4. VI iitk 1t.no \. NJ tf4Ad
iw1 A. i..1li's 1870. A. A.."lltli 500 T.. ..liii-
IN loans the ta'"s paid flr he use e eo't were
T. cent ami ia. AMI tor cnrrying sud q cent.
tNd,s npu, gold b rnces. ~ .s57I2s and clrre' cv
ha nurca s2.U.uIO TIE ub.Tr,Asur, redeemed siC5e
e. To- csl.rd h9gd, ana pad CUT IA coin interest On
rne lays blHn at the rnited states sun Treasury
Ss9ag d0 balance. t.aon ~ 90. Currency receipts.
t.,d6lts0 do payments, titJ7aio2d; do. haadcc,
Inc internal revenue rcsc D. ssre ss,0Ooo ami the
cust ms r,cripts S.ri uVo HE Treasury AZ Wu-hug.
ian rec.y,J ~ ,0tn, an ustiof Al LAIR nntes f,r -.
d.mption The treasury balances a. TIE clos 81 OuHi
ic-- ~ W. "a ng,"n NeI,i 1gr .n.N, $500 " snd
c'tes III. ~ lion IN the BanS of England was Ia
Government bonds were active. With tho principal
transactions IN registered IS Ut 81, coupon Dos and
% GO pon s. Of 81. "a resist req 10 ios.