The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-08-11

sequenty what activity did cxis limited 10 TWO or
three stocks only.
Michigan Central as for some ys past received
prominent share OF attention, 81 to-day the engine
was reversed and speculation took the back track.
with little resistance from the brakes up to the very
snd. There Is talk OF touch Of Punic faith in refer
snce to the published earnings for the last week in
July, coupled with tho statement that official return
Of business has been madc by the company to the au
thorities Of the Stock Exchange doubt at least.
has been created and it showed itself in decline In
tho price of from 43T to AZ with only shade better
bidding at the end.
OF tho miscellaneous stocks few hundred shares of
Pacific Mail ana few thousand Of Western Union
dealt in at figures that limited to a half per
ceat variation, SO scaps were scarce and scalpers
detected Even the coal stocks failed to draw full
house. the performers keeping out OF the way and
leaving tho show to the merces of the stock company
But these latter gentry, who haven't soul capacity
above eigns quarters, chary Of touching such
morura properties, except at the instance Of leader
and consequently y per cent marked the ups and
quotation aad few thousands Of shares the
amount OF transactions.
Lake Shore, usual the pole star OF tho market
and rescmbed that lunary from its fixed stcadness in
the speculative sky. Although the party holding 1t
sometimes experience tho heart sickness which
results from hopo deferred, there is only Hobsons
choice in tho matter. to wait for general Improve
In railroad matters and market strong enough
to sell on.
If the railroads mean to live up to stheir contracts
tmnde at present low prces) to cover months ahead, 1t
would appear that a return old rates would be
apparent than real in the light OF important add
tion to their exchequer The assitude of the share
market reflected in the board in tho limited
amount Of dealings, though prices us ruo remained
Arm.
Governments of q shade, in sympathy with the
decline in gold and the sale OF the Geneva award bonds
fixed for Saturday Taken altogether, has been
ragged shirt day. all play and work to most Of the
members, who. though deep tho Slough OF Despond
Just now forcsee brilliant business in September,
bright the leaves OF Autumn
BUSINESS YESTERDAY.
Speculation the Stock Exchange was somewhat
less active than Wednesday. At the opening prices
advanced u to "a per cent in some instances but this
followed by decline Of 4 to l per cent. After
midday nrmcr feeling set in and the decline was par
TALLY recovered The principal activity has been
Michigan Central the coal roads, Like Shore, Western
Union and st. Paul. Michigan Central rose from a2s.
- 43s, and later fell of 42ls. Delaware, Iacka-
wanna and Western advanced from 95 to 95 y, reacted
10 95 and 95. New Jersey Central, after ris
hg from 81 TO 621 tell OF to 6lss Lake Shore opened
54ss, advanced to 54ls and subsequently, sold down
b 54i6. Western Union ranged between II and ia.
Ct Paul common declined from 37's TO 31ss, and tho
preferred IRON 691s cos, but the former afterward
to 81 and the latter 6sal Delaware and Hudson
Canal was quiet ut 95i. 06 Rock Island declined
from 1861 10 1864. and rallied TO 1906 Pacific Nail
Mas quiet 24s 24sS. Tho changes In the balance
81 the list were slight At the second call the market
dull.
ADVANCE AND DECLINE.
Tho following are the changes in closing prices
pared with those oil Wednesday,
ADVANCE Delaware and Lacknwanna u; Erie, "a,
Harlem. q; Illinois Central, 1a New Jersey Central,
"a Produce amt Petroleum. i Union Pacific "a.
DEoiINE Atlantic AMI Pacific Railroad, "a; Lake
Shore ,s Michigan Central 81; Missouri Pacific, u;
Northwest, "a; Northwest preferred, y Ohio and MIS-
siss.ppi 4, Pacific MAIL a. Rock Island, Al ST. Paul.
q: Western tnion, u; Gold, "a.
The oil tho mdrkct unchanged
STATE BONDS.
In State bonds this Louisiana consols sold
at l5 District of Columbia e5s advanced to 72, aud
aitcrward reacted to 7l7s.
GOVERNMENT
Government bonds closed quiet at the following
quotations United States currency skies, 1895 q
l2sh; do do, 1851, registered 1917 llo4 do. do,
do. coupon 120L l201s; do do, 1865, registered,
il51s 1l61s do do, do, coupon, 1l5H l1dIs; do
do, do, new. registered, llIh ll75s do. do, do,
coupon ll7,s ll7ss; do do 1867 registered, 1l9as
all9s4; do do, do, codpon 1l9is 1875 do. do,
1865 registered. III 122; do do, do, coupon,
l2I 12a; do teniortcs, registered, 1l5h 1l6.; do
do coupon, lls1s li9h; do nves, 1881, registered,
Iles. III; do. do, do, coupon, 1lG4 H.
RAILROAD BONDS
Railroad bonds quiet aud firm in the late after
noon dealings Chicago Burlington and Quincy cights
sold at li4l1 Union Pacific drsts at 1o5s Northwest
gold coupons 931 and Michigan Central
scyens at lCl Lchigh and Wikcsbarre cons olidated
advanced &C. fell or TO So and finally recovered to
l5 In tho railroad bonds were strong and
m good demand. Michigan Central sevens to loi
Milwaukee aud ST. Paul consolidated sinking funds
told as high as 9l4. Northwest consodat gold cou
pons we're nrm at go ana Cuion Pacincs at los Tor
Grsis and 95 for sink ing funds New Jersey Central
consolidated rsts rose to lol and Chicago Burlington
md Quincy consolidated scvens TO ILL., Sales OF South
Pacific of Missouri made at 691s 70. against OK
on TUESDAY.
rHE MARKET.
Money closed easy at "a 2 per cent on call
Foreign exchange lett of quiet at about +.s7 ASK
for bankers sixty days sterling and SO 4s9k for
demand.
The supply Of commercial bills is small, but the de-
mand Is also very light
MARKET.
Gold was weak in the afternoon and declined from
ILL.,. to lily on tho expected salo tho future
OF the gold TO 10 received by tho Treasury for tho
Geneva award bonds advertised Tor sale Saturday
next. The carrying rates 1 and y per cent.
Loans were also made 1aI.
CLEARING STATEMENT
Currency exchanges. $40 23f 6s4
Currency baianccs .................... 2lO4, go
Gold exchanges 7,3S9,l7T
Gold balances Cos, 336
Bank shares sold al 81 for Continental and So. Tor
Fourth National
FOREIGN EXCHANGE.
: Foreign exchange Is dull aud weak at4s7 a4s7h
for bankers sixty days sterling and 4so s9h for
demand. Tho nominal quotations were as iollows:--
Sterling:-
Sixty days sight Observation-Disclosures s7 a4Ss
Demand. Observation-Disclosures. 4sy a490
Cable transfers ....................... 40 a490k
Commercial OBSERVATION-DISCLOSURES. 4s5 a4s5h
Pars:--
Sixty days sight,. hi7,s sa1o4