The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-10-12
FIxANoIAL am cOM1ERcrAL.

MONDAY, oct. lip. M.-Thcre wac an
active speculation in stocks, and under the in
nuence Of free purchases to cover cont racts In
an oversoid market prices recovered W "a q
cent, the extreme having been noted IN Union
Pacific, which rose from G319 at the openin9 to
6a. Like Shore, Pgcinc Mall, western Union,
Northwestern, and Pacific Railroad Of Missouri
were also conspicuous features Of the trace, the
first named having ialled from 52A to 53A;
Nichiran Central, Western Union. and Pacific
Mail each also advancing ~ g cent. Pacific OF
Missouri was cratic in Its fluctuations, having
opened a. 104 and advanced to 1871, after which
IL suddenly broke to 10, aud then rallied 20 y
cent. To 2oX AZ the close. ~ Paul common was
~ n cent. better az 2h, and the preferred nse
~ to as Northwestern, fter opening at Ba,
dropped easily To a., nut fro m tnts point there
was a steady upward turn TO 35 the preferred
me nwhile rising from AZ to 80. Erie and
and st. Joseph and Rock Isiand, Y; Atlantic
aud Pacific preferred, y ; anu New Jersey Cen
ual J = cent to lOtA. me general market
This sudden change from depression To buoy
ancy aea,n reflected the strictly local manlpnla-
ton OF the stock EXCHANGE speculation. Few
operators, with II. N. Smith and u. +. Morgan
IA their leaders, commenced buying the market
this morning. and the upward movement was
greatly assisted by the covering OF frightened
shorts. The general situation. bowever, u I'M
changed; the railroads. outside of Central ana
Union Pacific, present no eased earnings 10
simulate purchasers, and, aside from buyinR ~
the bears when they become alarmed, there are
no evi ences OF any genuine movement. the
bulls havo lost their COURAGE, and those who ad
vanced the market to-day were IL week uctiVe
onrrntors on the bear side IL the market should
further advance lD2 Y cent, these same parties
will be found az. In throwing overbo rd stocks
with IA perfect abandon ss was observed on
Sdturday Y. -
The total number Of shares dealt In was zoo
c3D. of which Like shore repIcsented h;FO ;
Northwestern. 81 eco; Pacific Mail 3l.RB West
ern Union, $1,000: Union Pacific, 2,JOO; North
western preferred, 1860 -. Paul, 800 the
preferred, LOO; Pacific Of Missouri, aL0; Erie,
1900: Ohios, 400; New jersey Central. 2365
Michigan Central. i,IOo; Wabash, 90; Atlantic
nd Pacific preferred, 300 Rock Island, 40;
Hannibal and 81. Joseph, 600; New York Gem
| tral, 40 81 Louis, Kansas CITY and Northern
preferred, ICO e., G., e. and l.. 30; Harlem, 200
! q cksilyer. 100; the preferred, 10; Adama
Express, 40; Cleveland ana Pittsburgh, ll8;
nannioil and s.. Joseph preferred, 100; and
The Lold market was dun and devoid OF
| special feature. All Of the transactions were
effected Ut 1854 ana ll6H, closing at the lower
Inc following were the principal quotations,
1914 iS iG S = H. liiS ss & MM iic
In loans the rate. for the OF gola were ilo
iT g. SS2 se, o. SSd ~. GOLD r,en.os. Bank wer,
isi652ccv 60 oa4nees , sSSseS sna ssdrsne
600 eaea no@d and paid out IN coin interest on h'
The dsy business at the United state, suo1reaspr
Cold resp ~. az 10 PrysIrs spS
s59i, is4b9, do payments. o. 2ad4779a; do. balance
! s54 ,574. S77 81. Customs s50s,OOp -
The internal revenue Gel IT'S footed up t1OJOV an
the customs iuts $500 900. The Treasury at WSh
iugtOn received t67OOOO la national bank notes Tor re
dempuon. The Treasury balances at the close o bu-i
ne = in Washington we're Currency, tooOO.OOoi an,
coin 500 1913 900. including t2 $4,000 coin CERTIFICATES
! The builou in the Bans Of England was decreased
| E77,OOO.
nal quotations OF S4s0 ami asa for time aud oeman
| bills.
Money was in ample supply on call at 3a4 per cent
free onerings at the close at g Discounts wer
dull and ranged I 5l6e7. ,
Government bonds were heavy and lower, and close
feversh the principal trans4cOns having been ~ reg
atered S. 1881 registered coupon lSd7s register
| and coupon 1s6As, and registered 1855.