The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-03
FINANcIAL AND coMMkRcrAL.

THURSDAY March 2-P. M.-There was
not 50 active speculation at the Stock Ex-
change, and the operations were less significant
than at any time during the past week. The
bears very prudenty let up on their downward
programme, because counter current had set
In which regarded yesterdays engineering as
overdone; aud aside from further break in
Pacific Mail from 2c5s to ejjl at the Grst board,
the Spectators for decline did not further
press their advantage. but turned their atten-
tion to the covering OF contracts in Lake shore
ana Western Union. THIS was sensible move,
and ought to have been lnaugurated earlier.
The great danger at present seems to be IN the
bears so far demonstrating their power as TO
frghten every one out Of the market but them.
selves.
Western Union, under the influence Of tho COW
ering process alluded to, rallied from Os', TO
10's, but It later reacted to 6gN. and closed
at 7o6Ge's Lake shore maintained strength
throughout the dav, aud rose Is Z cent. 10 Gli.
the highest figures having been established at
the close. Pacific Mail also later recovered ~
To- .Css, with a reaction, however. to 2OA la tho
inal trans ictions. E.ie became conspicuous IN
the afternoon trade. and declined on pressure
OF stock from lsA to III. but afterward rallied
"a to y =, with drop subsequently to 20's and
tue Western shares struggled through With a
semblance Of strength on a much smaller agrre-
gate Of business. Wabash tuctuated between
81 and 81. Union Pacific selling at G6AQG1N65
/ y -
Mtcnigan Central, 60 seller 3. Gs6O-s DGlA PANT
ma, l2%4tl35 Illinois Central, 1917. GlO2ii I;
Rock Island. llu's dllOAs Atlantic and Pacific
Telegraph. 20, seller 3 and Nariposa. and Z
for the common and preferred respectively.
Delaware, Lackawanna and Yves ern WIS steady
at 1l1's, sad Delaware and Hudson at l2OH
The tone OF the market was decidedly nrmer
at the close, though feverisA feeling controlled
| the operations Of TIE day.
The total number Of snnrcs dealt In was lG7,-
l,5. of which Western Union represented 5a.g55 /;
Pacific Mail. 1895: Lake Shore ;se.Ogl; Erie 10.
| MI Northwestern. eslFl the lTtfeIFpl. !.
Central. i3O; Ohios. 2.sn wabash. iG2
onion Pscac. loss Atlantic and Picdc 'Teie,
| graph Company, CO., Rock Island. 600: Illinois
| Central J10; Missouri, Kansas and Texas. GO ;
CITY and Northern preferred. 30 Panama a. 3OJ {;
| Quicksilver. 20; st. LOUIS ana Iron Mountain,
$50; c. G. and !. c., 100: Delaware. Lackswanna
| and Western, In; Hannibal and 81. JOseph pre-
| 100; New jersey Central. 1l5; United States
Express leo aud Morris aud Essex. ~.
Inc gold market opened strons at me-, as
soon advanced to lh& unoer the stimulus Of
| higher foreign exchange, (which rose TO "a Sd} and
| $iDS. About = z. NJ, on announcement that
tie secretary II War had resigned, a fresh I'm
pulse was gwen to the market. and further
adv nee to ll4's was established, the price
closing firm at tue Improvement. The specie
| shipments to-day amounted to $,sONnJ II
which $4,000 went to Havana, and the re-
Tue following we're the principal quotations
1919 1919 T. II i i, LIS lis F. MMi. sS I liz.
i
n loans ne rates paid for having balance, carried
| were 3. 9 anu y cent.
The total cearlugs ~ the Cola IXch iuge Bank we're
SIS ga 900 gold balance II i9l sea- au cuirrncy uH
aHcrs $lA-5s2. The subj ur, rcuc ..g! s-i3OtU
In called luua ma paid OAt Ia coin lat rect u tAe
! pupuc dcb' t5-it.nul
me aay', business at the L. s subTreasnrv was,
Goid receipts sMI,s d % paf meats, - ll9 ia 90
go. balance, tiiV3t.si6Ji cug.Uucy itc.Ipt.. si6i
53e4e do. lymfuf-, 30 Uy3gy, balance S5Jsll-
! 5JJ -. Gus Oal-. s.elUOJ.
The Internal euGc receipts footed up t5O0oO and
the customs cp. 500 900. The Treasury At Wash
lngtun received ,5uutuO 10 hatilthl uluN notes re-
d'mpu1n. The nul ION IN the Sans OF ing and n-
creased A2Ihn during the past wees. the iiu to-day
having been AiNuOn. The specie r the tuA France
was also increased 26I-gOVO francs duiIug tAe pat
/ week.
Money Is gradually growing easier and loaned on can
at 2y83'p cent. 90 stock hrofers, while Government
| bona ueae rs were hberaiy .UpniiHd az 10
Discounts were quiet al qtula prime comm rcia
| acccpuuces.
The narNot for Government securities Caected a
nrner tone and prices closed .r1ng al the best ngurs
Of tue day lSds. further advanced TO l2las coupon
AMI registered iN5-, new. g. llu. registered iu-s
llSas coupon lSGas Old llSis. ana coupon 5s OF 1881
70 ilaall~s. The demand was Ursk tor both home
| foreign account.