The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-29
FTNANcIiL AND COMMERCIAL.

MONDAY, Feb 2S-P. M.-The bear pro-
eramme In the stock market was early renewed
with considerable vigor, and holders threw over
board Lake Shore and Western Union without
much regard to cost The fact, since confirmed
that Commodore Vanderbilt was last week a
heavy seller OF these shares created a feeling OF
CONSERVATION among the bulls, and resulted la
decline Of the first named from G3 at the OPEN
ing to " y, while the Litter yielded at the same
time from ~ to ~. Pacific Mai entered more
largely into the afternoon speculation, and I'M
der the pressure Of fresh stock dropped from
3l's to 3Ok. There is a re port current in specu-
lative circles that this fancy will record consld-
erably lower prices, and the hint is given out
that receiver Of the company will soon be ap-
piled for. The stock drop ON this "pOint."
Wabash was suddenly galvanized into activity
and quickly Welded from 55s to ~, though raj
lying to A.? al the close but the Northwestern
morning checked the decline Of the remainder
OF the list and prevented more disastrous
the second board from Az 10 ~, and the ore
ierred was 4 y cent lower at the close at TplS
dropped a to a., and the preferred Z to 6j1l
In Erie the Transactions attracted attention. ne
cause. after ITS decline n 10 Il ., the price
to lsis buyer three, but closed AT the early
figure. Rock l. and ranged AZ ll0'. 1000
n ONO SeT SnS osntri aiO 9 liI; i
Missouri. Kansas and Texas spurted IN = cent.
to NV. nud idriuc OF Missouri ranged at l.fIlIA
tellAiGGh while Kansas Pacific odd at l3Dl3A.
Delaw are, Lack WANNA and W estern VS. IA u
cent. lower at lis. but the deaiihgs in the other
stocks upon the list did not command siecial
notice.
Inc general market closed weak, and the cur
rent uf feeling seemed to run in f,vl OF sin
lower prices. thOugh the irincipal operators can
number too many follower, 10 make a furlhcr
slaughter OF the inn0ccnts prudent without
some reaction before the week Gas passed.
The total numher Of suaIcs dealt III was COL
40. 81 which Lake Shory rerresented GiL1n;
tRl l. ~ -
Erie. - 40; II. Paul. sou; the preferred 100;
North" sstern; lJ'jJJ: Tug preferred. l,i2J; lto
Mab .sh, Lilo; Ohios, a.ijJ; New York CeA. raj,
~ Delaware, Ltckawanna and We.tern, 800
limos Central, 81 Kansas Pacific, SO; II rlem,
go; HANNIBAL and 81. Joseph. JJ0; Atlantic and
Pacific Teegr.ph Co.. 30; Michigan. Central.
100; Pacific Of hi-sOuIi, 400; = licksi 40:
the preferred, 100; Onion Pacific, SO; American
ExpreNs. liz Hhlc.go and Alton 20; New Jer-
sey Central, go; s., H., h. C. and n, 10; the
preferred, 2O0; aud Morris dnd EsseN.U.
Tue gold market was devoid Of special feature
except strong tone throughout the dav. The
openlng price was ia with Temporary decline
IN ll35s, after which II rose to Ia. and closed
at tue early ugure.
The chief topic OF conversation in the Id
room was advan q informlton respecting the
response Of the Secretary Of the Ire isury to n
House resolution asking for a settlement of tie
amount of gold on hand, but the reply served
only To- further mysttfy aud confuse both bank
ers and spec lators Ii is probable that the
statement in full Will b. soon made public. cut
As nov presented does not include accrued in
terest nor some of the clhed bonds The intro
silver coin and bullion is a shrewu device, which,
while possibly IN accordance win the Letter 4
the resolution. does not satisfy those seeking a
genuine statement Of the actual condition of
the national Treasury. As the bali Is now
opened other resolutions more explicit VIII
doubtless soon be offered.
The following we're the principal quotations:
10 4. NJ. III 1916 4. M...lii ls;l7 I. M..l1i
1905 A. Nj. .ll3is 1910 + M...illSs 800 +. MILF
In loans tue rates paid for having balance, carried
were =, 2l< 3, L. ~ ANA = cent.
t10i56,ooO gold dances, 81 2d7l1 eurr,ucy lal
ancas 81 ins l3b. The sub Treasury ecme sas OOO
In called hpnis snd paid out In coin interest ON the
The Jay. business at the u. :. subTreasurv was.
90 balance tl5. ~ j73.l3i currency receipts. $50.
dsu - do piyments sdn,3Iij 40. balance t3,d0J,-
400 81. Gus O,ns f11iuOi.
The int nal revenue and the customs receipts footed
Shnn OOo each The Treasury At Wa htngton ed
tYOu $40 IN national bans nutes r red mptlOn.
Foreign excl 90 Wfs dul OUT urmf maintained AZ
Ae6 aud Sibo for prime sterling 90 days anu short
Money was ahundsnty orrred on can during the
morning az Af;Fp . cent. but borrowers The use
pstd 3'caf. On Government securities colHt ral "a
VA tue rang rate and prime discounts ranged AZ ~
esh59.
G6vcrnmcnt bonds heavy and lower for 1885
lsi1 IN consequence OF London adylrrs IN csc
frcurtip, had Nicdfd In that market because OF the
prospect that the 4'y reut. lUau, Win lts pg
eign bankers we're frv settlers Of these issues and
assisted IN the lower quotations While The 1885 would
soon b. cncroachcd upon 10 the bill Incomes law, yet
there no possibility o. the lSbls being caed m ur
OF funding the 40 cents, However IN opposite in
ference controlled the foreign speCulutors but the
market closed ste dy NJ tif reduced quotations
The following were the l.. NJ. closing prices;