The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-06-02
FINANCIAL AND COMMERCIAL.

THURsDAY. June 1-P. NJ. The morning
speculation at the Stock Exchange developed a
fair degree OF activity IN Lake Shore, Western
Union, and Pacific Mail, but the remainder OF
the list was not prominent The nrst named
opened strong under the influence Of purchases
Tor the bear account, come 10000 shares having
been bought at the commencement of business,
which will explain the rise from 49,. to 53yl and
subsequently to 81. Western Union was con-
spicuous for its advance OF n cent. to 65x
but Pacific Mail reflected weakness and dropped
IN cent. to @oh. At a meeting OF the direct
ors OF this company to-day, the executive,
finance, and other committees were appointed
and the pressing obligations OF the company
provided for The general market presented a
hrm tone until midday but from this hour there
was gradual Welding In prices, which closed at
about the lowest lRures OF the day. The pros
pect Of a long and bitter contest between the
trunk lines, and n further reduction of the pas
senger fares. added to the fact that during the
past few DAYS the principal bears have covered
their contracts, oceasioned heavy aud de-
spundent feeling.
The ST. Paul stocks were at times active but
alternately strong and weak the preferred rising
from o7's TO %. hut later selling down to OK,
WI Mhile tue common AFTER rallyinG \ z cent. TO
from Az to 49,, and Erie was y y cent. lower
at l3S: Ohios declining at the same time 4 TO
loH; New JERSEY Central sold down from S31I
The total number OF shares dealt In was ll2-
lAo OF which Lake Shore represented 2s.s
Western Union, $500; Pacific Mail. II ,910; 81.
Paul, 100: the preferred, H4O0; Union Mining
GO. $500: Ohios, 5000; UnI Pacific, 500; Erie,
l40O Michigan Central. la; North ives ern $40
the preferred, 80: Rock Island, 500: Delaware,
Lackawanna and Western, 64Q New York Cen
trail, 200; New. Jersey c ntral, 900; Producers
Consolidated Land and Petroleum Co.. zoo: c.,
e., C.. and l.. 300; Harlem, 200 Morris and Essex,
10: Missouri, Kansas and Texas, 100; New York,
New Haven and Harlem 100; Wabash, 100;
United states Express 100; Wells Fargo Express,
llv and American Express %.
he gold market was nrmer on sdvices from
serious srs' ns oSeo nsa ASSUMED Ms
lEe, with an advance to 1l2%; but In the clos
Ing hour OF business II dropped To 1l2s.. over
tl5o,OOo gold coin WAS shipped to Europe to day.
The following were the principal transactions
10 \. NJ. ..ll2a. 1925 A. lless 1882 J. NJ .ilaA
1924 A. .lls% ll,os A. LEA 500 +. NJ .ii2ss
In loans the rates paid for having balances
we're !, 2, 8, cent and dat.
tS22lAOcu: gold balances. tl3ia,7odi and currency
The os,s 6usines, at the United states subTremury
VA 77 DO balance. ts7S7t AS e5 currency receipts,
iSl l24, 426. 30 customs. s3lO. 900
1he internal revenue receipts $500 0o0 and the
received to00OO0 In national bank notes for redemD.
ton The Treasury balances At the close OF business In
boz 900, Including f25, 900 coin certificates.
The Treasury dIsbursed sl975oOoO during the month
The oulon in the Bank OF England was Increased
f5oo 900 during The past week
inai quotations OF t4.SS9h 90 for time and demand
drafts, with concessions OF Nc IN actual trade.
cent to stock dealers and At ses}s on Govsrn%eaf
bonds discounts were In active request. but prime
Goyernment securities maintained a nrm tone. and
full prices were reazed Coupons 1888 soli over the
counters at l2l and the $40 issues we're chiefly
quest