The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-05
FINANCIAL AND COMMERCIAL.

WEDNESDAY, Oct. 4-P. Man active
and excited speculation controlled the opera
lions at the Stock Exchange. and the rush to
cover short contracts In Delaware, Lackawanna
and Western, and New jersey Central culmi-
mated In quite bear Ianic. These two stocks
absorbed the attention OF spectators to the al
most entire exclusion OF the remainder OF the
list, and under the influence Of continued active
purchases by the newly formed combination
Tor rise, the price OF the first named advanced
over four per cent from 67h, seller 3, to IN ut
the close. 1hi0pprovement, however, was not
hnally established without wide and rapid fiuc-
tuations, the transactions having ranged at 6ek
@6eG67S seller 6t6si. G67h, seller g. and O. sell
Ter oG7lh90ska7lkG7lh. New Jersey Central
Was equally cratic in its course, and sold at
N,.12s1t, seller 2. 630 cash eb29is 6t3O% 128h,
seller TO- ds2C13l t32029k, seller 10, lL356t32SGD
ures. Lake Shore was also strong and steadily
moved up from HK to 54&, while al the
ness Mas stsr on09 on ns smSll bust,
Central rallied from 51I, seller g, to t2I. Della
ware and Hudson, after dropping from IS to 80,
seller T. also took on strength and closed firm at
50; while Illinois Central advanced to So. on
purchases under the rule: and Morris and Essex
Ohios, Pacific Mail aud Rock Island. though
lightly traded In, were generally heavy In tone,
tracted by VII the meSntude of the operation. an in
the coal shares; but just at the close. there
was an attempt to break St. Paul preferred,
The common sold at eei.desH, with a rally.
however, Of l " cent. and huai transactions at
2sy. Northw estern preferred also yielded from
2pii to ep but recovered to the early figures and
the general feeling was one Of announcement,
In belief that tho depression which has char
acterized the stock market since February last,
would be succeeded by better prices. The out
standing short interest is large throughout the
list. and a lively speculation during the re-
mainder Of the week NAV be confidently pre-
dlcted. a termination OF the railroad war Is
with the marketing OF Western crops. which
must soon ind their way to the seHbOard, the
outlook Is decidedly more hopeful.
Tho total number OF shares dealt In was 1885,
l1t, OF which Delaware. Lsckawanna and Western
represented $3.50: n. J. Central. S2gO0; Lake
32O0 the preferred, 1870; n. Y. Central a.iOO:
Ohios. 300; Western Union, 1900: Pacific Sa all.
l-S0 Delaware and Hudson Canal. 2.645; Rock
Island. 1885, Northwestern. 30 the preferred,
300; A. and =. preferred, 20; Erie. 2O; Han
n nl6ai AND d ST. Joseph. preferred; sS; Illinois
central, 10; Morris and Essex, Sj5: n. j. R.R,
40; wabash, 2e3; ohio preferred, 800 st. L.,
n. I. and \ preterred, 40; a. and p. Tele:.
graph graph, 100; America9 Express 10; She Gag and
Wayne: 100; NJ. L. and NJ. Company. 100; New
YORK, New Haven aud Hartford, 100; United
states ~ Express, IOo Albany and susauehanna'
The gold market reflected an Increased specu-
opening to iosS. in Consequence Of liberal sales les
though closing at 1915. There we're not, how
ever, any features OF special prominence pre-
ihefoIlowins were the princlDai transactions;
10 A. Milo 10i7 A. NJ. 1OOal 10 ...iOp1S
lO:y3 A. NJ .l09Jt iO:56A NJ 1909 3P 1925
In loans the rates paid for the OF gold we're w. /.
cent. aud FIAT.
The total ciesrngs at the Gold Exchange Bank were
81 iii6.OD0 gold balances. tltG3.pOO; and currency
balances. 81 6Ss t39 The sub.Trcasury redeemed ~ 900
In called nonos aud paid out 10 coin interest on the
public debt $4,000.
Tue days business the United States subTrcasury
Gold receipts, 800 1905 do. payments. tIS2,
80 90 bsiance fiOs ggg 60 currency receipts.
t353p83sg; do pigments. pl7,07S64 do. balance,
t57os2i 80 80; customs, t3oS 00O gold certificates
(canceed) sent to Washington. s57i,OOO
Inc Internal reve u receipts we're t350OOO ana the
custom receipts, 1850 oOs The Treasury nj Washing
ton received 100000 In national bank notes for re-
dempuon Thc bullion IN the Bank Of kngland Was dc.
creased 9ii6.OoO
Foreign exchsng. was nrmer in CONSEQUENCE OF .
better commercial demand for pills so that the quota
tons were adv snced TO o. s3s and "a 50 Tor time and
short SIGHT drafts re pecttyey.
Money ruled during the morning at s$s's cent.
but subsequently freely offered At 2 lu discounts
the negotiations we're restricted bccsue Of the scarcity
OF PRIME mercantile paper Offering The range was ~
% cent per annum.
Government bonds were weak and closed fcversh
partly in sympathy with lower gold but also because
Of liberal amounts pressing upon the market for the
account Of banks who hal suosiituted the te cents
ll5s upon IS OF ISL at lliis reglserei d.. ili4
coupon lSb1s. new, il.@ ana coupon Is Of 1881 ll7
The following were the 8 L. NJ closing prices;