The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-06-15
FINANCIAL AMI COMM ERCfAL.

| WEDNESDAY. June 14-P. MA general
" nrmer tone characterized the operations at
tine Stock EXCHANGE, consequent upon the at
tempted covering Of the short Interest In Lake
| Shore, winch was the recognized leader OF the
market. The pool In this stock also assisted the
rise from 63% to OAK at the first board by re-
vival Of the rumOr that a dividend would be de-
ciared In July, notwithstanding the reduction
Of freight and passenger rates to the West. At
! the same time Western Union was strengthened,
and advanced Y y cent TO 6sK, but both of
these stocks subsequently declined = and \ y
cent. respectively, on liberal offerings. Pacific
Mail was then brought prominently into notice,
and imparted steadier tone to the market by a
rally from Pan to 2bs, and later the Northwest
erDs advanced to AK and 6l4 for the common
and preferred respectively, while ST. Paul pro-
ferred sid up from 09's to 10, and the common
to tOt. Ohios were strong In the morning, with
rise to l5x. hut later declined n v cent
Michigan Central dropping also Y to AK, and
Wabash ranging at 2hGt2%d1a1d2H, buyer 31t2.
The remainder OF the list was duh and with
out feature, Erie selling, however, at 13y.G0l3sl
Pacific OF Missouri at 8, and New York Central
at 1071lO0k0I07.
The speculation In stocks, ne at present CON
Quoted, Is entirely local, and covers fluctuations
OF only H61 " cent, according as the bull OF
bear element predominates.
The total number OF shares dealt In was IOs $50
OF which Lake Shore represented 5i,75O; Pacific
Mail. 1900; Western Union, 13,212; Ohios, 1850 /;
st. Paul. 200 the preferred, 400 Michigan Cen
trail, 5000; Wabash, $500; Erie, LOO; North
western, 400; the preferred, 1,1O0; Delaware.
Lackawanna and Western, 30 New York Cen
trail 90 New jersey Central, 385 Union Mining
company, 40; Rock Island. b23; Atlantic ana
Pacific Telegraph Company, 80: C., c. and !. c.,
geo; Hannibal and 81; Joseph, 200 Illinois Cen
souri,. 100; Producers Consolidated Land and
press, 70.
The gold market continued duh. but strong
or tone controlled tho dealings The open
Ing Price was 1l2r, though the hulk Of the
Transaction were effected at 1l2h. ut which
hgure the market closed firm. About f350.OCO
specie has been engaged for shipment to-mOr-
row.
The following were the principal transactions
ioi5 A. M..iissi 40 p. NJ liz 500 a...iiest
In loans the paid for the use Of gold were l8
l. IN 2 3, 3]t cent and nat, and Tor carrying
The total clearinss at the Gold Exchange Bank vers
balances 81 !O03Sl. The suD-freasury redeemed ts.
900 IN sled b nds and paid out in coin interest
The eay; 6n.ns., 2, che ggned state. sub Treasury
gi 90. balance ss7 ,o7p. $50 % currency receipts
scS ~ &C. eu! psy%e9, S saaGSs
gold cerilhcate sent To Washington. ID. 4.
rss s's sSsni revsnSs eSeps ana the
ingon received t7eOc0 National bank notes for re-
creased sisooo Ou''On " '"o BANK OF Eng and was IN
Foreign elehanee rules nrm at Sass and s4oo for
;, Money continued IN abundant supply call at 2Cs2SS
papeT al sse money lenders sought prime commercial
The Government bond market was strong anc active
ats further advance In the 52O issues. Coupon 1875
sold up TO 1873 coupon 1888, new. l2oas registered
aud currency 6s we're strong At quotations. ia5sis
lsoh Toe nrncipel demand to-day has been from the
savings institutions Of Massachusetts aud the local