The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-11
FINANCIAL AND COMMERCIAL.

"WEDNESDAY, May 10-P. M.-There was q
more active business at the Stock Exchange, aud
larger degree OF speculative energy was mani
tested than has been noted for weeks. The
bulls, encouraged by their successes Of the r ast
few days, displayed such power In their early
manipulatione that the bears rushed into the
market to cover their contracts nc the very Open
ing Of business, so that the rise In Lake Shore
OF y cent TO 50, In Michigan Central of ~ TO
~, and Western Union of 4 to So. was appa-
rently an easily accomplished task. The st.
Paul stocks were jiso moved up 4 and y u
cent. but at this juncturc reports that Commo-
dore vanderbir's illness had assumed a more
serious phase suddenly changed the entire cur
rent of the market, and stocks went down quite
ms rapidly as they had risen. Lake Shore not only
lost Its advance, but was pressed so vigorously
By the bears that 1t closed at 5iA, the lowest
point OF the day. Michigan Central was knocked
about lie football, ana finally sold "a q cent.
mellow the hest hgures oil The morning, while
Western Union at the same time broke ~ u
cent to eos To add 20 the general de oraliza.
ton, II was stated that a break up OF the coal
combination was imminent, which will explain
the stampede In New Jersey Central from 95s
to Wy regular. and to %, seller GO; as well
as the drop in Delaware, Lnckawanna ana
Western to 14, seller GO, and los, seller Is, from
los. Erie was conspicuous for It's strength at the
first board, but declined !. TO 49,. IN anticpa-
ton OF rupture Of the coal com MES, assisted
by liberal sales OF genuine holders. There was
very little business IN the North westerns and Pa
cihc Mail, as also New York Central. was practi-
cally neglected but Uhos declined y to 1874,
strength at l05htl05's GtlO5is.
The contest Will he renewed on Thursday. and
dicted.
At the nrst meeting Of the new Governing
Committee OF the stock Exchange, Brayton Ives
was unanimously elected vce-President.
The total number of shares dealt in was 49,
~ OF winch Lake shore represented $500;
western Union, 1910 Michigan Central, TO-
80 st. Paul, 400 the preferred, 300 Della
ware, lnckawanna and Western, CLIO Erie.
6.iD Northwe-tern, 700; the preferred. Ito
Rock Island. 1,7UO Cleveland and PITTSBURGH,
i,%O; New jersey Central. 2.7i0 Ohios. 3 $50
pacihc Mail, 1900 Union Mining Co.. $500 -.
l., h: {. ana n. preferred. 400; ILLINOIS Central,
80 New York Central, rs; United States Ex-
cago aud Alton, les3 Consolidation Coal, 100;
Delaware and Hudson Canal, 2l3 Morris and
Essex. lGs; Missouri. Kansas and Texas, 100
and New Jersey Southern, 100.
. The gold market was weak and lower, on n
limited business. The opening price was 1l2H
closed. The specie shipments to-day amounted
TO $4,000 and $5OO,OoO has been engaged for
The following were the principal transactions;
iIS &c A. Mi i iSi9 g. 4: MMiis iS S5 M1iist
In loans the rates paid for having balances carried
The iota clesrines At The Gold Exchange Bans were
anees, $l3i0S3O The sublreasury redeemed ,o5 900
% e SSaq sGaSs and paid out In coin interest on ae pub
The asys at the United States sub-Trsasury
scS6l Co. balance sis5Si sss 90 CURRENCY recspts
81 10 GV eu stsnsI ssaocc do balance
TX internal reysnus ano the customs receipts footed
100000 In NATIONAL bank noles for redemption.
t4,ssls@,i .uOs9 time and densnd drafts ~
p OF oanabs tSnas ON , sa %is s '@ oSr1 SUP
bulk Of the negotiations At 81 just at the cose now
Soy.rnment bonds were tribe lower In sympathy
were ~ 6s and De Of 1851 lsG7s iO4os,
Ola anu hS - .,..,, =.