The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-06-01
FINANCIAL AND COMMERCIAL.

WEDNESDAY, May 31-P. NJ Tho course
OF to-day's speculation at the Stock Exchange
has developed a more confident feeling, 10th on
the part Of operators and the outside public
The news OF the abdlcation OF the Sultan has
dispelled. for the time, the warlike cloud that
had been floating over the financial world, and
the more hopeful outlook met with quick re-
sponso In the decline Of gold to ll2'.. Many
stocks which were closed out on Monday, In
view Of yesterdays SUSPENSION Of business,
were again In active demand, and prices opened
at a material advance. followed by further i'm
trovement in the first half hour, Lake Shore
selling at 5e5.; Pacific Mail, 2s; Western Union,
G7lI; St. Paul. s7ss ditto preferred, CO.., and
Michigan Central, an.
During the early call the demand appeared to
have been satisfied. and the suspension Of lids
caused a feeling Of uncasiness, which found vent
in liberal offerings and forced u decline Of \ to
y v cent-Lake Shore reactine to 52,.; Pacific
Mail, dA; Western Union, cox; ST. Paul,
~; duso preierSed; "s and Michigan a,
wss dun and sead Se SSch the eond, Ess
prevailed until after . o'clock. when a more
spirited bidding was observed and prices were
run no to the highest point OF the dav, tho
closing sales being the best recorded. The
physical condition Of Commodore Vanderbilt IS
still used as a lever. with which the market Is
elevated or depressed at the option OF the lead
ing manlpulators, but IL ought TO be well under
stood by this time thAteuch skilful dnanciers as
Mr.. Vanderbilt has proven himself to be always
keep their houses IN order against the time OF
their demise. The death Of Henry Keep some
years ago occurred while he was the great light
of the Chicago and Northwestern ltailfOad
corporation. and the SPECULATION on the effect
OF his death was very much at fault. A grand
cOilitse was anticipated, hut, instead. the stock
improved until II rencLed 20 under the manipu-
lation OF JAY Gould. The machinery OF the
Vanderbilt investments Is IN the charge Of we'll
trained aids, and the removal OF the chief
engineer viii In oil probability have no material
effect upon the present systematic management.
ne total hummer ui shares cealt IN was Whti'
Of which Lake shore represented &,cJJ; Western
Mchis Central. 4sA New Jersey Centi al,
10 Onos, 100 Uuion Miuing Company, 500
Erie, 2s-3 Delaware, Lackawanna and Vest
ern, Leo; Northwestern. 100: th3 preferred,
80; United states Express. go; Pro. Con. Land
and Petrol. um Cnmpany, 80; Wabash. 300; Nor,
ris and Essex. SIS: Rock Island, 20; Cleveland
and Pittsburgh. aD; Atlantic and Pacific Ieie-
graph Company. 100: American Express, l25
loo; New York Central. loj; and Union Pacific, TO-
Al the Gold Exchange the price opened at
ll2, declined to ll2'. ana later rallied to ii2A,
closing at the latter n.ure.
The following were tue principal transactions:
10 AM.iIs si i iSSs M.iisss as;5I ASss
icGs T. MEG i%is g. Hii2s $50 + H... -ii4s
In loans me rates PAID tor having balances carried
Ihr iots. cesrin.s at the Gold Exchange BANK we're
t'ensbt".; COG balance les el5. ana currency
900 IN called nds and paid out N coin Interest on the
The Gays sn'ines. AT the Tinted states suhTre.,ury
was Guild rccapts t5y4,2ilA3i do. payments, tSls,-
StA % &c. balance t37t52 Ui1u2 currency rtCelpts
t4dl l75 b. payments. t6yi s2gsl do. balance,
ts5. lH ,gs37l customs. $4,000.
lie internal revenue receipts day flOlOOO,
and firt mont, tle7Co,0Oj TIE Treasury at wash.
inston received tdsVuJ natl n bank notes FOR
dem ton Itc customs tcrtpts u-l.y footed up {JOJ-
OuO, aud Tor tue month, ell % Niu
Tue nominal rateb of foreign exchange reduced
b. the eaGi1g draNerA TO - +, OrdJ days'hs aud tgO
flr short glgt while Transactions maternal
ions, Money quoted at 2t@3 cent cali
eaIiN ~ the day. but later TIE advancei to
cent. Discounts we're quiet At 4!sesb Y cent. tor
urine names. In Government bonds tne chief business
done IN coupon G7H, although registered Is - 81.
registered aud coupon VJs, and 6s II 81 we're some.
what seu'e,