The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-12-02

WEDNESDAY, Dec 1-P. M-The stock
speculation took a downward turn. and BUYERS
were not so numerous yesterday. though the
whole movement looks very much like
"scoop," which may possibly be further demon
strated Tomorrow. About ten days ago, in an
ucipation Of favorable decision to the CON-
pany in the Union Pacific Railroad suit before
the Supreme Court, a combination was formed
to advance prices OF other prominent shares
upon the list. and. outside OF Union Pacific, Lake
Shore was made the leader OF the upward specu-
lation. There IL story current in street circles
that there has been some cheating In the nool,
and the Wholesale throwing overheard OF Like
Shore to-day seemed TO give color to the state
ment. At all events, genuine holders OF stocks
unloaded large blocks. and prices yielded under
the pressure OF sales from a to ga b cent,
the extreme having been noted IN Lake
shore, when declined from ~. to $50, and
though afterward raying, c.osed at 5s'l. West
ern Union was also severely hammered, which
lower 1gure. In Pacific Mail there was loss evil
dence Of positive weakness though the price
fell from az. to Al with final trans lctions at
AZ. Michigan Central became conspcuous at
an early hour hy il rise OF IL " cent. To 59%.
lui II Later solh at % e. "hith ma, uansactlOns
at 81, the opening heu,e. i ms Pa, nc ranged
~ Northwestern = TO 3sA the ", fcrred \ to
H4. New York Central II 10 liA, Elie = TO
los, st. Paul 10 84, and Uhion Petite " to
~. The market closed feverish and e. cited and
the bears assumed more courage THAI has been
observed for some DAYS, but this does rot neces-
sari augur terrible retribution FOR " all street.
The total number Of shares dealt IT, was ~,
ia, OF wuich Lake Shore r. prese TED hGN;
Michigan Centrrl. iS,;f:7 Union Pacific, $500 ;
Iiarlcm. l,OOj; ST. Paul. 2sO; the preferred
1880; New York Central, ~ %; New Jersey
Central, l,o2G: Atlantic aud 'acihc preferred,
800; Atlantic aud Pacific 1ole -rgph, $50; North
western preferred. 40; RHcl ls nd 100 C.. c.
aud T. g., $40; HANNIBAL and Z. Joseph, 100; the
prefer d bDi kansa. Pacihc 20 pan9ma' On /;
and Pittsburgh. 800 Quicksilver, l5J; 81. Louis,
Kansas city and Northern, 100; G., G., G and L.,
100, Delaware, Iackdwanna ana western, lOl (;
New Jersey Southern, 100; and Illinois ntrh,
90.
The operations In the gold market were less
significant, though lower range OF prices " "a
recorded. The opening quotation WIS ll5b
with quick drop to ll5, nut from this point II
rallied e. ll5A, and equentii under the pres
There were no specially important features pre-
seated and the market was evidently LETT TO
the local oper tors Ia MANIPULATE.
Inc IouO~lnP we're the princpAl quotations.
1919 a ..iiS's i9A2 4 M.iiizs i2;,G 7, n iiSt
io A. & His il 4 Miiis' SIS o + Hs
In loans The rates pad for having balances carried
were /. ~ g %, = cent and Nat,
,7L05iOO0 gold balances sg.toea55i ana currency
.a.pnces $50 1913. IN suu.lra,9r r,drenee a.,
i3ln9i ~ caigd 59ds ana PAID ou' m com interest On
Tue dlys business at ne ualted states sao,lTeHsuTy
idi il do. balance, ti $3.50 10 Currency receipts,
al is5s534i IO custos. go
| The uulioa In the Bank OF England was decreased
fori exchangc ruled dull but steady at SlS3st and
| q 81 nor time ami demand blis.
| neloliaed 80 ha7 cent ID counts RANGED at ~ s for
III Government nonds there was less positive tour,
indne,d bi l1,ral re- i1tons ON peeulsl'" account
lions WIRE IN registered o.. 1871, At ilH4 c94p p
ige' coupon iso5s new, l2uAe' ana coupon isd's od
~, Fountytn., ,r.r. M a a ,io inc nrtrps.