The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-11-02
FINANCIAL AND COMMERCIAL.

WEDNESDAY, Nov. 10 p. M.-Tbe stock
market opened active aud strong on the few
leading specialties, and general advance In
prices was made up to MIDDAY. she range being
from u to IN cent. Lake Shore. Western
Union and uIonig IN Central commanded prom
insss attention, while the st. Pauls, Delaware,
Lackaw0npa, and Western, Wabash. Pacific
Mail Erie, and the North westerns were fairly
represented. The advance alluded to came to
sudden halt Just after noon, when a heavy
break occurred In prices, which continued
downward, with occasional rallies, until after 2
o'clock, the lowest points being reached at about
2;3O. In the stampede Lake Shore sold at 67h
Michigan Central +Gl, st. Paul 24h, do. pre-
ferred 5ik, Delaware, Lackawanna and West
ern 73h, Erie 1913, Western Union 7OZ, and
Northwestern preferred b91. while Pacific Mail
and wabash retained portion Of the advance
made earlier In the day. The cause OF the de-
cline Is ascrioed to no substantial rumor, al
though canards were freely circulated relative
to the action Of the representatives OF the trunk
lines. who were IN session all day. but without
arriving at any definite understanding. In the
final trade the market assumed a hrmer tone,
and prices rallied materially from the extreme
figures.
he course OF tho market Is fully represente
In The com parative table below.
The total number of shares dealt in was $780,
80, OF which Lake shore represented 10 gg2
Western Union. Abb Michigan Central. 25,50O;
Delaware. Lackawanna and Western. 1900; st.
Central. 5000; wabash. ass Paciac Natl, 400;
Erie. 100 Northwestern. 1890 ; the preferred,
2.1O0 Rock Island, GUO; Delaware and Hudson
Canal, 800 Chicago, Burlington and Quincy,
nO Cleveland and Pittsburgh, go; Hannibal
and ST. Joseph, 800 the preferred, 300 Ohtos,
30; Illinois Genital, 1875; Maryland Coal, 100
New Jersey southern. 100 Pacific Of Missouri,
100 United States Express, no; New Jersey
Railroad, y Fort WAYNE, 20; and Harlem, ~.
The gold market was dull during the fore
noon, the price opening at 109'I, and falling on
to 1O9a. Subsequently. sales were made at 10,
the closing price. The customary cable quota
tons from London were omitted, as the day
Ensinnd. and business ut the Exchanges was
suspended.
The following were the princpal transactions;
10 A. NJ. ....11p4 1880 A. 1904 r. M.......liO
1905 A. NJ. .lOvh 1900 Ne. .109is 7. M......110
Ia 9A1s tne rate p.d Tor having balances carried
The to,st cearlngs at the Gold Exchange Bank we're
t20,SO6OJO; gold balances Ell l31 286; currency
balances FL SO 35s. The Subrreasuy redeemed $500
IN called bonds; ana paid Out Ia CON intere the
The DAYS business Of the Unlted States Treasury
was Gold receipts. t3s 1914 yolu paynents $685..
1872 OS gold balance ESQ l75 0OS6S currency receipts,
t0SOlUOo3 currency Da ments, soS3 SO; currency
balauce, tt2.p432l77S Customs, slyO.uO1.
Sos 900.
Tue for foreign exchange were a s2lS for 90
days blis, and t4.Nlie for short sight.
Money opened ~ y cent. on cal loans and advanced
to cent, closing at 500 cent. Discounts we're
quoted at BOZ , cent. Tor b II names.
In Government bonds the principal transactions were
IN registered Is uf 1881 ll7at coupon IS new 1854
@l3ls; counon d7 ltb tll0is coupon o. ~ 1881 113
@ll3's currency g. l<is; and registered 0is, llJS
f.it, stpy "a.