The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-09-17
FINANCLaL AND COMMERCIAL.

THURSDAY, Sept. 1G-P. M.-The strength
Of the stock market at the close of Wednesdays
operations rendered another vigorous attack
upon the general list necessary, and the bears
consequently entered the market In full force at
the commencement OF business. This pro-
gramme, however, was soon abandoned, be-
cause some OF the prominent Spectators who
daily congregate at the Twenty-third street
headquarters, and who had been operating on
the downward side, were discovered to be Gov
ering their contracts put out at 6 to y cent.
higher ngures, so that after depressing the m
ket y to p cent, the tide quickly turned, ac-
companied by an advance Of = to "a 2 cent as
cont AIRED with the lowest prices of the day.
Pacific Mail rallied from 33A TO 49, Lake
Shore from 5l7s to 55s Western Union
from 7sh to 7gA; St. Paul rising II to
49,. 4; the preferred = TO 2H; North
western = to 3s'l, and the preferred y cent. to
53% Erie was stronger ana closed at TO- the
hignest price. There Is a very large short inter-
est In this stock and the next great contest, af-
ter the present little Hurry In the general mar
ket Is over, will probably be In this speculative
fancy. The statement Of Receiver Jewett to
Judge Donohue has not as vet, for some reason,
been made public. Ohios dropped from 1877 at
the opening To l6k, but aftefvard rose To n.
purchases oy parties who sold this stock short
at 10 and below. Aside, however, from the
abOve-ndmed shares, there was very little sDecu-
lation. tut Pacific Mail attracted considerable
attention. b cause OF the scramble OF the shorts
list Of lie iding shares daily loans from fiat To n
premium, because of n scarcity created by an
oversuld market there r. always observed "A de-
sire among shrewd spectators to cover and a
rally Is certain to follow a decline, without be-
inc Influenced by considerations of prosperity
or depression IN the country al large. he stock
| market, however T. far from being settled, and
| frequent fluctuations " w continue to be noted.
| though the tendency Is toward better figures for
The total number of shares dealt in was sn..
| l55. OF which Lake Shore represented $40;
| Pacific Nail, 5000; Western Union, 27.r.O
| Northwestern, 20:o; Erie. 1910; st. Paul,
| $40; tho preferred $500; Ohios, 1910: North
western preferred. Loo; Delaware. Lackawanna
and Western, COZ; Michigan Central, 500; New
Wabash, 400; Union Pacific, $50; Rock Island,
| 800 Hannibal and 81. Joseph, 80; Atlantic Ind
Pacific preferred; 10; Canton, 100; Maryland
| Co i, 100; Wclls-Fargo ENpiess. 1907 Morris ana
Essex, 90; c., u. and Quincy, 80, and Fort Wayne,
inc following were the principal quotations,
1919 1919 49, i iiS i IsS + i s3 s3 M 1SS
ii Ss 4 NJ ~ i iiiS i 1879 + S soo + 5 Ss
In loans the rte. paid for the OF gold la
The total ci,irhls at the q ID excnaaEe Bank we're
lHe sn rc ana Serr.ney
600 caled nenas anu paid out ia com ut rest on tie
Tie day. business at the Unci states suo.lrcasur,
,s ,o GSA ad 5' balance t 40 ul gA@sD g.
cept', - hiss ~; DO pa,ments ~. 5GdS9 do bal.
Tine inera reyeyre rSeeig' T,oiei M $3.50 ooS ana
ington received 100000 in national hlnS notes for
rcdemption. AZ IN treasury sic OF slpoOoOo gold To-
day bus ccitcptO the extent Uf 81 10000 At
prices ranging from tll62j li653 aud the awards
made un basis of Slldb-G slld.13. Tue bullion
In the Bank OF England decreased Ail2 GSl durn
the past week tue loss t-day having been $50. Tine
| specie IN the Bank OF France was Increased 27.3NuO
francs dulLg the pat week The Treasury balances
| the close OF business IN Washington were. Currency,
s2OOOol0j ana com. t07oOoooO, iucudlng tll5OJ,OOO
| com ccrtincatcs.
Foreign exchange ruled dull anu lower, with a fur
Their reduction IN the rates 10 SiJ and sass for time
| aud uRnd tllls.
Ihr IN, ney market was well supplied with Ioanable
funds al 2s cent, nut sCuuats we're IN restricted
deMand Prime names ranged At is7 cent for short
date.
Government bonds opened strong with good IN.
Qury, nut the eupsCqucnt weakness Of the gold
caused less disposition 10 trade though The uarkei
closed steady.