The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-05
FINANCIAL AND COMMERCIAL.

FRIDAY, Feb. 4-P. M.-There were no
specially new or fresh developments In the spec
ul itinn at the stock Exchange. The same bear
influences were again apparent in the marx ct,
with Pacific Mail and Western Union as the
chief points OF attack though considerable
short stock was covered in the latter but wheth-
er indicating a discontinuance of further at
tempts to force a decline or purchased To put
out again In the morninG, will better be com pre-
hended on saturday. Lake Shore. and In fact
the general list, reflected better tone in the
early dealings, when ST. Paul rose from AZ. to
42H, buyerS 3, and the preferred, ~ per cent,
from 70 to IN with Northwestern higher at
AK, buyer 3 and the preferred at 63is Lake
SLOe al the same time moving up = to 81
Tut, after midday. Western Union was Sc
verely handled during its decline from
57's To 7bA, aud the weakness in this stock car
Tird down the remainder Of the ist, the market
h wing been previously to some degree demOra-
tied Nv drop Ia L cihc Mail Of IA b cent. from
Sa to "a. Ohtos followed SUIT, ana sold down
from ~ tn u and Hannibal and 81. Joseph
fell OF a To Ia Tor the common ana preferred
respectively. Lake Shore also me In for It's
SHARE OF attention, and IN the absence Of any
positive support, Welded from 81, AS above
noted 10 49, Northwestern sold down at the
same time g. 4o'., and the preferred cent.
durng The covering process ol = To- cent.
though AGAIN Welding y = at the close.
The dealings were attended thro gnout by
much excitement, tint Northwestern closed at
the highest point Of the day. and Lake shore, IN
also the 81. Pauls, were better than az the open
Ing.
The total number OF shares dealt in was 9C2 ,lO2;
~ which Western Union represented CISCO !;
Pacific Mail, B00J; Lake shore, 1890 Ohios,
1913 Northwestern, Q, 40 the preferred, 2lOO
~. Paul G,2l5; the preferred, 700; Erie, l,lOl;
HenIual nd st. Joseph, LOO; the preferred,
l3tO; Michigan Centrai. 2,OOO; Union Pacific,
lilo; United States Exnress, 99l; Rock Island,
so Atlantic ana Pacnc Telegraph Comoany,
50; c. G.. anu l. G.. 500 Kansas Pacific, $40 ;
Morris aud E.5ex, $50; New York Central, 4U5 ;
New Jersey Central. 4y7; Wabash, $40; Pacific Of
Missouri. $40; Delaware, Lackawanna and West
ern, go; Missouri, Kansas and Texas, 2O1;
Quicksilver, 20; 81. l. us and Iron Mountain,
100; Atlantic aud Pacific preferred, la5; Chicago
and Alton, 10; Consolidation Cpai, 100; Del =
ware and HUDSON Canal, lb Harlem, 20, Hi
nois Central. 24s; Panama, 100; Reno . G.
ferfed, 100; st. Louis, Kansas CITY aud Northern
preferred, lOJ and Fort Wayne, g..
Tue gold market was dun and operators were
not inclined To speculate on either side OF the
account. The opening price was ll2t., at which
figure II remained until after midday, when
there was an advance To ll3i but the market
subsequently, Welded, and closed at HE'S. There
funding bill Ut present under Congressional
consider aIiun, which proposes to increase the
now authorized, To S6UO,OOO,OOO, win TINS differ
ence, that the bonds shalt run thirty wears In
stead Of fifteen years, as contemplated In the
act uf July, 1870 IL would seem unnecessary TO
Increase the new issue at time when the Gov
eminent credit has so far improved that 4 v
cent. bond ought soon 10 be loated, ne great
want among capitalists is "a safe security whlcl
guarantees long Investment, and moderate
lower rate OF interest Is OF minor conslues'lon,
Il the cent ac SO iar eatenu W. w.. az tbe
| bonds would he received win favor ny bankers
| and capitalists throughout the country
| The following were tue principal quotations.
IL n.'"'...''..'ii2is irjsP M...ll2J SP. M.ll2}i
In loans the rat,s pad foi having balances carried
Tne tot sir1ss At Inc God Exchange BANK were
sle iIAatoO, gold 'lances, sv5iV'Si ana ewTspei