The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-08
FINANCIAL AND COMMERCIAL.

THURSDAY, Sept. -P. M.-The better
tone and temper of speculation at the Stock
Exchange noted 10 this mornings columns
found further development to-day and with the
exception Of the coal shares, there was gem
eral and weil-denned advance. The short in
terest In Michigan Central became alarmed at
an early hour by further heavy purchases con-
tinued from yesterdays transactions, and In
their attempts to cover very readily ran up the
price 81 v cent. from 3sh to az at the close.
Lake Shore and Western Union at the same
time became conspicuous because Of their &C.
tivity and strength, and the movements OF these
stocks decided the buoyant turn Of the
market. There was some hesitation, how
ever, for time, because New Jersey Central
declined ~ v cent. to 26I, and Delaware,
Lackawanna and Western 81 v cent. to 7e5.,
while soon afterward there was desperate. and
we may add successful, attem pit to break Della
ware and HUDSON, which dropped from SOY to
75H, without any apparent opposition. Tue gen.
eral m arket. however, soon cut adrft from these
shares, the same a. yesterday and from this
point they exerted no influence upon specula-
ton. The bears next turned their attention to
the covering Of contracts on the active list, and
much Of the profits realized last week 10y fol-
lowing the downward current has been lost In
subsequent ventures. Lake Shore rose IL,
cent. TO SEA Western Union y to Il; but the
ST. Paul shares were weak at decline OF "a aud
! y cent. as compared with early transactions.
The remainder Of the list presented nothing of
special prominence, and the bulk Of the bust
ness was confined to the six leading specialtiss
alluded to above. There Is still large short In
terest outstanding, and the next few days will
be active and exciting.
The total number Of shares dealt in was
Delaware, Lsckswsnns O and western $3.50
Michigan Central, $3.50; estern Union, 1850 !;
NsT JeFsGy Sent5S @ s. P. raH tse
Delaware and Hudson Canal, Ais Erie, LILO :;
Rock Island, L06O Northwestern, 500 the pre-:
/ NaNg Var al < ~
Company, 5sO Norris and Essex, 10 G., C. ana
| l. G, ~; Canton, 100 Chicago and Alton, lJO :;
| C.. Is. aud Quincy. loo; Adams Express, 90 and
| Cleveland and Pittsburgh, ".
| The operations In gold were on scale Of un-
usual magnitude. and, under the influence Of
active purchases the price advanced from 10Y
to M at lie D s wig p n sqIs and an sda
gained ground that the syndicate operations
nau 20. oedh as suesessl ,, as cary annouhee
erted a favorable influence upon the upward
turn Of the market.
As near az we can ascertain. the subscriptions
to the four and a-half per cent. loan, up to the
closing Of the books on Monday, were as fol-
| London takes about tl6.OOO,000; and We are in
formed thai se,co,o0 Is tue sum deierui med in
| has been negotiated by the First National Bank
Of TINS city.
The complications Of the Eastern question
were also discussed IN gold circles.
The Western Union Telegraph Company has
declared a quarterly dividend of ~ b cent.
and the New York Central aud Hudson also a
quarterly dividend Of h cent, pnyhtlr oct. Ii.
The following were the principal transactions
1000 A. Nj .lOpt ll;O2 A. NJ ..1Oy5A 2;l1 T. MILO
io55 4 NJ. .iVs4s 1900 + N. ioN. 800 r. 81 .ii0
In ioans the rates paid Tor the OF god /,
| y cent, aud Nat, ana Tor Carrying Aud = cent.
The lotal eariuss Al The Golu Exchange bank were
t2H,l"@ovl, gid balances. tlt2o,sio ana currency
balance 81 sOi39. The SUB -easury redeemed 1900
In called bonds aud paid out III coin interest On the
public debt td1,Opn
The days business at the United states sub Treasury
was Gold pts t5suS732a; do payments, t4l2,.
500 IS baauce, s34 $50 l5s so currency receipts
t446.3lo0s do. yments, t55d,iooVO; Do. balance,
t32 lei u3s.55. Customs t4l4,uUO.
Toe IN tral revenue rtCtlpts al WASHINGTON to-day
tsgOOOO and the customs receipts 1895 900 The
Treasury at Washington received 100000 IN nAtiona
bauk notes fer redemption The onllon IN the anA Of
hnsland Increased kldb,Ooo. The Bank of France
gained 302,up francs during the past wees.
Foreign cAchangr rue1 weak at a furtht decline IA
t4A5~ for Tine drsfts.' the demand bills remaining o.
t4.s7, ycsierlay's quOtatton.
Money fenectrd greater ease and call loans 10 the
stOcK brokers we're freely offered At Nv cent. DIS
counts pas ed AZ S9i for prime signatures with excep
| ton. at 4is0t5
| Ine uiaiket for Government securities assumed
nrmcr tone, and closed strVng, principally for 1868
| lSds., lu -, AMI hs OF 1881.