The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-12
FINANCIAL avn COMMERCIAL.

MONDAY, Sept. LIP. M.-The principal
features of speculative interest at the stock Ex-
chanRe were Delaware, Lackawanna and West
erh M Lake Shore, tne operations In the re-
| mainder Of the list having been compar ,tively
uniupoItant. The liberal sales OF the hrst
named carried down tie price from rs, NJ
the opening, to " seller o., "a seller 10. aud rs
seller ., while Immediately afterward 57s was
paid for this stock bought In under the rule, be-
cause OF the INABILITY Of the seller TO deliver
The excitement ra1 high at times. and clused a
generally feverish feeling In the other so-calIed
active sh res. Tue influences which controlled
he selling movement were the same a. had
brought Down New Jersey from lO7E to q, and
there appeared to be 10 attempt on the par, of
either managers or holders Of the stock to check
the downward tendency. Delaware and IIud
son. on limited transactions, also broke from IS
to 81 seller 60. and 0S seller TO- with sales, regular
way. at 20, and closing at II sellers
The weakness In these coal stocks emboldened
some OF the bears to attack Lake Shore. the
combination for decline having put out re-
Gently about 10000 shares OF snort contracts,
but to-day the demonstration was more pro-
nounced because II is said that an unfavor able
analysts OF the recent statement Of the road Is
In process OF incubation. Ghe price opened at
61i1. advanced to b21, but Welded e. 500, seller
2: Win sr ly to 5l', and closed at 81, seller Q.
NtW Jersey AtuIdl tidFleu on AT oOa, Dut
ac',d 10 W before midday, when IL
took on more strength, and advanced in
the dual dealings To Sia., though closing al 3jA
Qo3't lhis COMPANY nave sued pamphle,,
under date Of Sept. w. making some further ex-
Dl nations Of tn r financial difficulties. IL ap-
pc r. that In order 10 afford relief from present
Indebtedness, the directors have made a new
mortgage Of S5,NO0Np, covering their cn;ife
sarss tmoGa'ins to te5ooS.oo0; aud To- frrtner
secure the said t5.C,U ~, nave hNpothecat.d
$l.JOQ.O0 OF the stock of tue Long Br,ncn roHd.
rp "A
$500 900 Of the Amvrirvn Dock ana Iuuruye-
nent Company stock. winch ,rnnerty. howevrr.
~ slre ,dy sunlec' to lien OF $50 OOCI, to wuich
Il added $G.UOQOO II tue stock II the IchiVh
and Milkesu.rrc Col Compnnv, including seven
ietry buats, estimated at s5OO,OUO. tn eutire
statement Is a terrible conf ssiun If weakness
or mi.maa cement. md affords no emo urlee.
ment 10 the stockholders Of u resumption of
dividends.
Du ing the afternoon specul ,tion the Western
roads were irmer, with an advance In Rock
Island of l Y cent. 10 1851. while ~. Paul PEE
Tered rose = 20 IS; but s.tchigan Central
weak al decline from Al go 81, though later
recovering t. 4OA. ana ciusine al Jp4. Western
Union iieded I ON ius. To- 6g5s, ana HE'D y u
cen IN ne subsequent speculation. Morris md
Essex sold down q cent. to 81 but there VS.
notning OF prominence IN tue other shares upon
tue list.
The tendency Of the coal roads is downward,
and unless the gentlemen controlling these cor
porations can satisfy tue stockholders Of the
wisdom Of their management, anu th & their
tuvestnents have v lue beyond whI Is now
recognized, prices must still materially decline.
rhe to al number Of shares deait In was It0
SO; ut which Delaware. l. rkawanna and v est
err represented 5s,5s Lake shore, 1910; Mich
lSnu Gen rail- y ~; " esteTn Union, s.J1O; Rock
Island, lSn; Delaware and II udson nal, Abe;
J cifc Mill l.bO; ST. L nj, zoo; the preferred
Loo; ohios' 80 Morris aud Essex. sG9 e.
~; kansas P.clnc 500; Pacific OF Mis- our, $40;
N"rthwtstern, lUU; the preferred. 100; New
YORK Central. $40; American Express. l2p; c.,
T., [. md L.. TO; IA Anniba and 1T. Joseph pr.-
fe'red 100; weils-Fnxo Express. leo: United
States Express. 80; Cleveland an Pittsburgh.
II Cut ago and Alton. 30 and the preferred. 10.
ne gold market was active ana frNurlsh, Win
q drop IN tue premium from llOr to no. at
which latter figures II closed. 1uere " IA con-
siderable amount Of snort contracts put cut,
and The bearIsn feeling gained prominence, al
though IL was generally believed that some Of
the synuicate had recently bought heavily.
Inc iOilowins were the principal transactions;
ioo9 LOCO 4 y. .iiot iea A. n. ."lloS 100 +. MILO
IN Dams the rates PAID for the use OF gold we're u
l, ~ y &C Mt. auc HAT
~. total ear ngs az the Gold Exchange Bank were
s5lS'-NV gvld balances, tl,33l sU7 Rnc currency
bsls.tce sl5soO9y Inc sub teasuN reueeucG xHOOO
~ ~le bones anu paid odt AZ coin on tue
Ine aNs Lu.in,,s at The United States su5 Treasury
Sss "9d Iece.pls ~ lps 6s Co psynene. $685.
sio,bNiA11t 30. lANututs, stSUf2d.t3. 40. banuCe,
e., Hj","lb"s' tsstuui-, si-i Vuu.
lht. "a 'Fn.I f,N, nue r'c,ps a W shlnFtnn today
lras"i1 a. u-s.us o. rec isci 100 100 ia uadonal
Q ht 40 @. j. .,e'lAi uon. u uuion ~ the R.nA Of
Ntu tn' nohlua ars reduced a. s. 81 $50 for
m. "a cen ui %, ii-. lac sel-.s r4i's iet4.saas
D. nc money al ,tl ,al loans we freely offered NJ
CO.'S nc n.al itE iatitns having ureu az tie
prlAc s-uatu.es MIA executions a -l,,..5 80
1tNrfumcDi bDn.s maIntaI.cd a rifong tone nd
cu.cd sl lie urs. quui4t eus = ilc ay iona, 1se7s
ItS eJ iVts Ae..lus At llo. AID eUupOn 5s " 1881
u II