The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-27
FINANCIAL AND C0MMEaCIAL.

FRIDAy, May 2-P. M.-Speculation at
the Stock Exchange continued to be chiefly
confined to Lake Shore and Western Union, aud
under the influence OF purchases for the bear
account those stocks rallied x and IN cent.
respectively; but the remainder Of the list re-
Elected an alternately weak aud strong tone, ex-
cept Michigan Central, which rose TO 48x, aud
Delaware, Lackawanna and Western, which re-
covered . to 1041s. Erie was positively weak,
and declined from IA to 1877, while Pacific Mail
was also heavy on realizing sales at 28k025Js.
1t. Paul preferred, however, moved up from
@Ja to e51s, and the common also was y better,
At 51h than at the opening. The rise In Michi-
gan Central was chiefly due to a demand for
the stock on the closing OF the books
to-day and some interest OF a favorable
character was attached to the resignation. OF
PRESIDENT Jay, and an expectation that Mr..
Sloan OF the Delaware. Lackawanna and West
ern Will be his successor at the annual election
on the 10Th OF June. The sharp rise In Western
Union was occasioned by early purchases Of
about 1b,OOO shares said to be for the account of
Jay Gould, and the smaller shorts soon hastened
to cover their contracts.
There ,, were no specially interesting features
we're Tree from important or interesting gossip.
10 the final dealings Arm tone characterized
the operations, and st. Pauls, Lake Shore, Michi-
gan Central, Delaware, Lackawanna and West
ern as also Rock Island, closed at the highest
Land and Petroleum Company advanced to 118k.
The total number OF shares dealt in was 49,
Western Union 45ss5 Ticbisan 0 Central. $3.50
Erie, 4SO Pacific Mail, $40; Union Mining Co.,
20l0 Quicksilver, 1000; Ohios, LOO; ST. Paul,
Delaware, LackawanDa and Western. 1910; New
York Central, l,St6; New jersey Central, sl2;
Land "nd Petroeu sns ce @ va WABASH S @
Union Pacific, $50; A. and y. Telegraph Co.. $50;
Morris aud Essex, 200 c.. c. and |. O., 100; Can
pa.
cinc OF Missouri, 100; United States Express,
100: and Chicago and Alton, W.
The gold market reflected n good degree OF
strength, aud the price rallied to 1l25., though
later reacing to ll29., at which figures II closed.
by rise In exchange, aud the specie engage
ments for saturday. amounting o. over f750OOO,
also strengthened the premium but liberal re-
ellzatlOns caused tue decline after r. M.
The following were the principal transactions:
IL i T. T. MMiiiis 2 s sSS \ M ilS
cent and nat, and for carrying y cent.
sS sod saa Currency Seas T sa
IN ban an ne p SI 5 IN yor ,S0S
public dent $4,000.
S GS p sep a ne S6ed saiss s %
400 AZ do. balance t3s OBS 7iiG currency receipts,
ssd6iiis7 81 customs sasscoo w. O''"''
customs ,o % scasy a. and se
received q 600 900 IN national bank notes for Iedemp.
,%1spSSn ss5s cs,sIGsy s and coin Pn
s IND IT.
roTsgn s.cnsnss rged sr@sr and the nominal
and demand drafts, less y concessions.
ers ss noe SrIs y Stnag d5se Thsrs free osr
amounts make brokers balances. For nTstcisss
ply. endorsed signature. readily passed at loo ''
In Government bonds brisk counter business was
both foreign and home inyestors. with 1895 and the
other o.g9 Issues CHIEFLY In request;
following q Il. M