The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-07-06
FINANCIAL AND COMMERCIAL.

"WEDNESDAY, July 5-P. Misrepresentation
at the stock Exchange developed an active and
higher market for Lake Shore and Western
Union, but the remainder OF the list was duh
and heavy. The first named further advanced
from 5eA to be's. though at this extreme point
there were considerable realizations, which will
explain the reaction to 5sh, seller 3; but when
the purchasing again became conspcu Gus the
price rallied to 80, and closed at 5s the opening
figures. The directors OF this company to-day
declared a dividend OF 2 y cent, payable Au-
hust l, from the earnings of the past six months,
ending June 90 The statement of the COM
pany gives the gross earnings for the above
period at f7,004 CO., and the operating expenses
$4.59iOO0; the chief gain having been In a re-
ductiOn OF the latter to the extent of $S1J.0OO
COMPARED with last year. Included In the above
are the expenses Of the substitution OF 900
tons Of steel rails for iron, ana n reduction OF
$l25,O0o in the bonded debt The report, in view
OF the cutting under OF freight AID passenger
rates 10y the Trunk lines. ~ much better than
anticipated. Western Union steadily moved 40
cent. IN sympathy with Like Shore though raj
lying to ~ again at the close. The injunction
IN y cent. dividend will be brought before the
courts on Saturday. Michigan Central Joined In
movement was not supported, aud the s price nee
broke to 5lI. or the other so-called active
,os n EVE declined 7. to ~ Pacific Mail,
-. Paul stocks = for Doth common and pre-
ferred, oni9s we're strong at ~, New York
Land and Petroleum Company further advanced
to llq7l.
Notwithstanding the fact that the volume OF
business was light, the general feeling In favor
Of higher rrlces was more pronounced, ana the
leading SPECTATORS have been recently purch =
ING with u view TO changing the current for a
further upward turn.
The total number OF shares dealt In to-day
was s5.7.s., of which Lake shore represented 10
ISb; Western Union, 1915; Michigan Central,
5,s0 krie, $500; New jersey Central. $3.50; st.
III he nj NJ
Northwestern, 400; the preferred. as; Delaware,
LackawAnna End Western $40; Consolid tion
nany, 30; New York Central, 2l0; Onios, 200;
Producers Consolidated Land aud Petroleum
Delaware andHudson Canal 10; Rock Island,
lsO; C.; c. G. and L., l0o; Missouri, Kansas and
ana Iron Mountain, 100, ana Morris and X, VI.
The eold market was dull ana devoid Of spec.
to induce scyty he ouepnT pricS t n Ia
with a quick rise to ll2't but the lack Of bust
ness caused some OF the more Impatient holders
to sell out, which resulted IN a decline TO Hes
at the close.
The specie shipments to-day amounted to
about tJJO,OO.
The following were the principal transactions,
1000 4. iis. 1900 M.;;..ligt 2sOP. n HEN
cent and ' aud for Carrying H1 NE a nag
IL e total c'esrints az tue COD Exchange NIX were
bsnces q cssi4i The supfreisary re de ss
go In called p.Bd snd paid out IN coin interest on
The day cuisines az the vnitee states sabrrcasury
was told receipts tHo5 go 81 gold y yucnis,
tl,4 PSI ~. gold balance t35,lll o63d3, currency
receipts, tbsOoO5 ~ currency payments t4lJUi3..U,
currency 'ancf, 1881 4G5l1 Customs. $4,000.
Light hundred and SIX yone thousand dollars Cancelled
coll certificates sent u Washington.
500, 100.
torrin exchange ruled quite, but nrm e. ssh and
siplIs for time and demand bs-less y cent cone s.
SONS IN actual negotiations.
Mo ey continued easy On call AZ 2Cl3 cent -. with
free onering enr IN the afternoon at ?. but closing
Nv tS, In disc unts, business ght, with lac rates
for prime paper al 400.
G1Nernnr ut bonds were dull IN the absence OF many
Dealers ana tue denanu from saving, instit
no Important steaiN tone however, controlled tue
dealings Regis cred 1867 sold nj llq5- coupon do.
ll9A registered d OF 1881. 100 cOapOA ls5s ne w.
ll7At aud coupon ~ ~ 1881. lis
Tue folio were the 3 4, NJ. closing quOfations.