The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-09-09
FINANCIAL 1ND COMMERCIAL.

"WEDNESDAY, Sept. s-P. M.-The early
dealings at the stock Exchange did not develop
any features Of special significance II we except
Erie and Western Cnion-both Of which we're
active and higher. There was, however, more
positive evidence that the market has been
largely oversold, and whenever the shorts be-
come thoroughly alarmed there will be an active
'cranible for the speculative fdncies. The out
side public. however, are keeping aloof from
Wall street specuations, and the interest Is
therefore strictly local in Its scope and charac-
ter. The rise in Erie Of IN 2 cent to 1SH was
chiefly In response TO higher London quotations
-l5is0l5H-but the advance was also stlmu-
lated by considerable purchases to close short
contracts, added To a belief that the English
bondholders will render substantial assistance
In the resuscitation of the company. Western
Union also ~ y cent. higher at S0A, buyer
3, based upon n good buying movement upon
the part Of the bulls, who were assisted by pur-
chnses for account OF recent bears. The
strength OF these stocks soon impaired a better
tone to tue remainder OF the list. and duringthe
final hour OF business the highest prices of the
day were established. Northwestern rallied u
p cent TO i03s 81. Paul common. s. To 3d.
Lake shore, = to 57's; Hannibal and 81. Joseph,
and New York Genital, u ; and Pacific Mil and
Onins, u. The New York Central directors have
declared quarterly dividend OF 2 z cent. paw
able oct; u The directors Of Western Union
VIII on Friday also declare a quarterly dyidcnd
After the close Of the stock Exchange there
VS. a decidedly more confident feeling among
operators, and higher prices will undoubtedly
be recorded on Thursday.
Tive total number of shares dealt in was H.
So of which western Uniun re presented 4l4l2:
Erie 1850; Lake Shore. 400; Northwestern,
gtO; Pa inc Mail. 6,slj; It. Paul, $500; the pre-
ferred. 1850; Ohios, l,lOO; Atlantic ana Pacific
Telegraph c mpany, 100; Northwestern pre-
ferred, 600; Delaware. llckawanna and West
York Centred $50 Pacific Of Missouri. lOO Union
Pacific 40; Rock Island, 800; Consolidation
Coal, M; New Jersey Central, 90; Atlantic and
h2; g., {, &. and / 100; Erie preferred, 100;
Illinois Central. MS Michigan Central, $50;
Quicksilver, 100; and Y. Y, \. IA. and H., -
he gold market was active and higher with
scarcity ~ cash gold, as evidenced In the loan
in, rates, was the chief cause Of the upward
turn. and many ~ the local he RS covered their
contracts. bur there Is a large mercantile snort
interest outstanding. winch was recently the
basis for the formation Of new lue for
rise. The opening price WIS lli7.. but It soon
me Following were the principal quotations.
iio:,,@9A, N-.iit's i0Si \ M!is,. ls.59P .iiaN
1919 st. 81. iiS's io5S e. ii iiii5'. 500 M.ii5,i
Ia loans the rate paid for The OF goli were 81
the total ciearlnys At the Gold Exchange Bank were
ss $50 o' fae SUI Ss sgrr,ssy
oop Ia called goad anu para out IN COIN Interest GA iAe
The day. business at the United states suo-lrcasuy
ioSSoooso. DO balance Sio,a,od5.ls CURRENCY re-
prso t's ta, a. a 40 tHga" sysesl ~ e1
cancelled coin certificates were sent to Washing
ton, ID. e..
lec button in the Bank OF England wa decreased
AlNl'hN Inc stfl IIaufrt GO iht close ~ bust
acuG ne ,iS"od c,a ccTfpeaaqsso ne t' iSstrag
revenue reccifts footed up fiuiudi tHc en-. ipn
rccri 100000. the Treasury &c Washington received
Sdn,o0o IN national bans notes tarrrHtmpN0n
Foreign NNcnduNl rulfd AcNf and lower. tnu-eQn M
upU tlr scarcely 81 clsh god. aus fhu iu
thu merchants pur, sc ni is. The rites were tNce
reduced curing TIE day closing weak AZ i4Ni and ti,3
for time and demand dr. H..
Money Was m plcnt fnl supply on call at l'eG2 y
ftAi WIN lftt NNtl-r az lut Mtl rate M Tue i4l
negotiations.
The c. Nftumcat bond mareci ffrturr aiNdnr.lt. y
cent, partly ln re-. onse 60 lirDrr fod, hut also
cHu-' of thc demand IRON nhas ln.fnuuous ud prl.
NItr capitalists The ar u~Irfiua- N fNt NuIIf-
not large, nut tn leading dealers r,pu, active n.l.
hess out dc OF inc official mar.C. Tue culti inquiry
wa. for coupou le0's coupon u.s. 1881 slstered new,
bs, 1881 and lO-lOs.