The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-07-20
FINANCIAL AND COMMERCIAL.

"WEDNESDAY, July 10-P. M.-The stock
speculation continued to reflect heavy tone,
and under the influence OF a sharp raid upon
Michigan Central, which dropped from 40 to
l5k, the general market declined \ to 4 y cent.
The bears in Lake Shore were also encouraged
to put out fresh lines, which will explain It's
drop from S3}s to 531., though It subsequently
assumed more strength, and rallied to 53k, with
closing transactions at S3a. The st. Pauls,
under a continuance OF free offerings alluded to
this orning, yielded n and :. for the common
and preferred respectively, and Erie WAS p lower
AT IA but tns Northwesterns we're firm on light
transactions, and Pacific Mail closed at 24,4. the
highest point of the day; Western Union also
rallied to the best figures, having durlng the day
sympathize1 with Tue remainder OF the list Only
ware, Lackswanna and Western sold at 10lA1
ION New jersey Central at !2AGSEAGs2J1 and
Ohios were stronger at l4a.fLl5.
Tho general market, however, closed feverish
and unsettled. but whether the recent bulls
increase the short interest which had. for the
m ost part, been frightened into covering during
the late rise In Lake Shore and Western Union.
or whether there y desire to DELAY further
move ments until after the hot weather has
modified. few days will probably determine.
An Important short Interest has been made
during the y st week. but in the absence of SO
many operators there is not much scope for ac-
The fact that the Pennsylvania road has fur
Their red uced us freight rates TO Chicago TO 20
cents per hundred weight contributed u tue
heavness OF the market.
The total number OF SHARES dealt In was SO, 45l;
OF which Lake shore represented 2l,150: VI est
ern Union, 200; Michigan Central. 800; st.
Paul, AGO; the preferred, 400; Erie, $3.50;
Ohios, 800; Pacific Mail. Ito; New Jersey
Central. l5O Sc. L., h. c. and N. 500 do. pre-
ferred. 100; Hannibal and ST. Jo, 80; Della
ware. Lackswanna and Western, 10; North.
Quincy, E0; Morris and Essex. ~; New York
Central. 22o: n. y, N. h. aud H.. 100; Wells
Fargo Express, rs; Atlantic and Pacific Tee-
Rraph Company, l0O: c., c. and j. c., 100: Chi
caeo ana Alton. 100; Spring Mountain Coal Co.,
100; and c., c.. c. aud L.. IS.
The gold market developed a stronger tone,
and the price further advanced from lll% 20
effected at the latter ngures. The arnness was
due to the large specie shipments TO- day,
amounting to $T25 900.
The foiiowin were the principal transactions:
1000 A. NJ .lii.s 1898 A. n. .lila 1900 ..11lx
were LIZ, ~ cent, and nat.
The iotl clearngs AZ the Gold Exchange Bank were
snccs Il, s4b'S7i Tue Sub treasury redeemed $3.50
In Gale bonds snd PAID cut IN coin iatcrest ON the
The days business at the United States slbTreasury
Vas; "old receipts vO5itS97i 40 payments. $685.
f5IL3i3J do. uavments ASA .U73O9 do balance. t3l
,WWs5l. Customs, t3oi 40 $4,000 cancelled com
cenincate sent TO Washington. d. ..
The internal receipts ut Washingt to-day
were 100000, and The customs receipts tJOO The
Treasury a. Washington received SS0VOO0 IN national
England was Increased ssl 900
Fogegn eAchanse ruled eady at ~ 80 and sIoi for
TINE aud ushand bs less CONCESSIONS of &c. III actual
traie
In the money market there nothing new to note
call loans having freely offered Al y cent on Az
Government bonus continued In active demand from
llyk' Coupon 6s Of 1881 sold AZ l20ASla0s coupon
IS OF 1881, MA and cOupon lSd5s, ola lldIs.
nt 4 a. lnain