The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-07-26
FINANCIAL AND COMMERCIAL.

TUESDAY, July 25-P. M.-Quite
breeze was to-day stirred up In speculative
circles, when 1t is remembered that the leading
magnates OF Wall street are absent on their Va
cation but II IL possible that to days develop
ments, added to the cooler weather, may induce
an earlier return than anticipated II the Juror
keeps up for a day or two longer. The fact that
the coal combination had been thrown into con-
fusion by the sharp practice Of some OF Its mem
bers was alluded to this morning. and the bears,
encouraged by their successes Of yesterday
again pounoed upon New Jersey Central In the
early trade because this stock appeared to be.
az 1t proved. the most vulnerable point Of the
market. The price. with varied fluctuations, re-
corded a decline OF ~ " cent to @4, at
which IL closed; but some Of the outsiders
result did not compensate their exer-
tions. In the hands Of sbrewder operators
tue profits would have been IN degree com
mensurate, because just at this time capital-
lists happen to be resting FROM their ldbors-
and do not care a fig whether the market goes
up or down. In the case Of Ohios, which broke
away from 1917 to IN. there seems TO be some
financial reason for its further decline, and the
same may be applied to other rat trap ventures
but more substantial stocks were not IA easily
affected, as was evidenced In the course OF Lake
Shore and Western Union: The ST. Paul shares
"A me In for more extended notice just at the
close, because those who had been their chief
supporters at several y cent. higher quotations
Joined In the general melee 20 bre X them down,
and this CT frightened Others of the rank and
file into parting " tn what they had been taught
to regard ~ thoroughly safe investments. The
operations In these sDecalties would seem To
convey the fact That the bulls in st. Pauls had
sold out aud were DESTROYS OF loading up again
| at lower figures, and the widespread rumors
with reference to postponement OF the diyi-
dend on the preferred class OF stock until Octo-
| Der are connrinatory OF this solution Advance
informat Of n decrease IN earnings OF the road
| for the third week In July. amounting to nearly
$4,000. helped along the programme, aud
will serve TO further explain the de-
sns and preferred 70 SIX and d" SeS %
lively. Delaware, Lackaw. ma ana Western
stood up manfuily during the stampede, and
With few bolc sales at eeJs seller o.: out II me
| coal combination will be disrupted at the close
| OF the year In February, MS some months ago
| predicted IN these columns, there Is no reason
why this stock should be selling ut It's pres Mt
| price. Erie sympathized Ia degree with the
| general heav,ness OF the market, hut WIS only
| ?. lower at l3. though the Northwesterns tell
away = aud IL. respectively. m the late transac-
lions, probably In sympathy with the st. Pauls.
| Michigan Central renamed fairly steady at f5z
CD45s., until the afternoon. because the same
| III anagement controls THIS road and Delaware.
| Lackawanna and Western, but IL afterward
| yielded IL A7f, and 40 closed.
| The general market was In the hands Of the
| scalpers after midday. and, for IA time, specula-
| ton Appeared thoroughly unsettled aud con-
fused, the dealings at the close having been
The total number Of shares dealt in was 19o.853
Of which Lake shors reprss o,a H's4o
| soy Central. H.J2 ST. Paul, 500; the pre-
ferred. l6,lUI; Delaware, I.ackAwanni and West
|
Pacific Mail, 800; North western, ESQ; the pre-
| ferred. 600; Ohio preferred so; United states
| Express. 40; Atlantic aud Pacific Telegraph Co..
| 40 New York Central, S5 Morris and Essex.
| lA6; Producers Consolidated Land and Petro-
| leuIn Company, 800; ST. Loui-, Kansas City and
Joseph, 100; Illinois Central. l0O; Rock Island
los; Spring Mountain Coal, le and Americas
| Express,
In the gold market a strong tone noted at
advance In the price 10 1llt, clo-tngiat the
highest figures OF the day. Unfhvorable ad vices
respeetlng the TURKISH etnbrO9lO entered int
| the speculation. and a good nun Der OF the short
| sought to cover their contracts.
The folloSlng were tue principal transactons;
10 A. 1llaa 1902 A. N. liza 1880 z. M. INV
l0.40 A. lllss ll;27 A. NJ. lllis r. M.....lll "
In loans the paid for having balances carrie,
The Total clearlngs at the Gold Exchange Bank wer,
3A 900 goa balances, t6V9.91S, ana currency ba
anc-s, S7sviay The sub Treasury redeemed 5000 Il
BONDS snd paid out In CON Interest On the pun
the DAY Du-ncss at the Unitcd states Sab reasur,
was Gold receipts, stSt la4 ~ 40. PAYMENT tsi0
flhdOi2..2; do. payments, et45.O3S 53i 10. ba
80 .4O2 lhsl2 Customs, s5Ol.O@ ,.- .
| The blinon IN the Bauk Ut England was Increased
f2OJ,OVp Tue internal revenue receipts at Washing o
to-day $50 stun4 thc customs receipts s5bu,ult
The Treasury ~ Wa hiugon received tluop,olO IN nA
tiunal paNA nute- Tor RESUMPTION.
Foreign exchange rohectrl heavier tone. though
the Quotations remained al "a SS,e aud t4hst for tim
aud demand bis fespuctNey Out tue OnVrlngs o
Money continued In ample supph call at y cent
60 the STOCK brokert. and Log on pedgc Of
for prime mercantile paper, which passed nj 31sb
cent.
active demand beyond the OF OF holders,
Coupon IS66s, new, coupon 1875. anu tine Otucr 52
issues we're quietly sought.
n