The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-06
FINANCIAL AND COMMERCIAL.

FRIDAY, May 5-P. M.-Tbere was whrl
OF genuine excitement In the stock market, aud
prices huctuated S6oiI v cent. with unwonted
alacrity. In the early speculation some DISPOSE
ton was evinced to improve the active list, at
which time Lake Shore moved up 4 to 52'I;
Western Union. n to 6iH; and Michigan Cen
trail, to ~; but the encouraging tone was OF
short duration, and at the first board the last
named stock quickly broke to ~, with the next
sale v cent. higher. From this time onward
this specially became the great feature of the
market, and differences OF k1A D cent. in
prices, without any intermediate transactions.
were recorded, touching 42il, and later selling
nt 41sGt3h. Lake Shore was also eccentric In
Its movements, dropping " cent. to SIX, then
rising In tho afternoon to 50, only to be knocked
down again to b2s at the close. with street sales
at b2. The late business was most exciting
when some adventurous bulls gave the market
such an upward whirl "a to friehten the shorts
INTO coveringi but Just before the close OF the
L ~ report that Commodore Vanderbilt
tack gain. Western Union was EMPLOYED es the
leader OF ne upward turn at the second board,
curing which time II advanced n cent to 65A,
but the subsequent free offerings OF sellers
options Indicated that the bears had lifted its
the smaller shorts had been forced 10 cover
St. Paul dropped during the day isf to 49, the
aud Western, 1 to 1867 PaciGc Mail, X to TO-.
while the Northwestern, Erie, Ohios, and Rock
ltIdIu TcUtCtcu only moderate changes, and
were, In the main, Hrm.
The entire operations of tho dav we're a mys
tcrN TO the general run OF spcculatots, many OF
whom chipped out third margins in their en-
deavor to follow the current, and the market
closed moro domOralized than at any time in
several weeks.
The total number Of shares dealt In was ias-
zig. OF which Lake Shore represented ID 49,;
W stern Union, 81 so; Michigan Central. 1860
Erie, ll'OOi ~. Paul, 500; the preferred, 1900;
Pacific Mail, 5000; OhiOs, 400; Union Mining
COMPANY 100; New York Centr, 1876; Rock
lsland, 1000; Northwestern, 12l the preferred
tDi ID elhware. Lackawanua and Western, b2i;
New jersey Contral 6l7; Consolidation COal,
100; G., C., e. and J., 800; Morris and Essex,
~; American Express, 2D5 A. ard p. ree-
" ph Company, 20; Hannibal and 1T. Joseph,
SS9l the preferred, lO0; y. Y" n Il; md IL, 100;
100; Delaware aud Hudson Canal. 10j; quick
silver, lOl; ~. L., X. c. and n. preferred, 101;
ana Pacific Of - ssouri, ~.
In the gold market SPECULATION was decidedly
tame. The opening price was 1l27., closing az
ll2h. The specie engagements for tomorrow
amount TO nearly $1,000
In loans The rates paid Tor having balances carried
were l. 2. 2i1 v cent. and Nat.
The total c'earlnss At the Gold Exchange Dank were
ssesj0o0: gold balances 1851 sO0i and currency nal
ances, tG273,o. Tho suo Treasury redeemed $4,000
10 called oonds snd paid out In coin Interest ON the pup
rhe Gays bu mess at the United States suleTreasury
900 90 DO. baisnce, Ell 3 rs ~ currency rcccp,s
1000 s9lis DO. payment o. bl45is59; DO. balance,
-, The bulnn N the bank OF England was increased
EiieOe0 durtns The past wee Ihg specie In the Bank
were sLss'S aud ii0ClS Tor time and demand bills
There were 40 new features 10 the money market.
the bulk - toe negotiations at 3ie The scarcity Of
prime endoraed mercantile accepianccs has restricted
Government ponds ruf, cted fair volume u bust.
ness, aud The market was steady. There were nor,
pal tran-actons we're IN 1865. 5s OF 1851 Is d. 1905
Old m new and lu.ios.
10 ltlN Ia AZ q lao