The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-14

downward plunge from 1874 to 49,. which very
naturally upset the calculations Of operators In
Western Union and Lake Shore though while
the latter was strong on substantial grounos,
because Of increased earnings OF $1,000 for the
mo,n W III tne sISy', a.UtS " tle oteI
selling up to 6S, buyer 3, took side berth and
fell OF to 61is and the later manirulatons also
rejected disposition to check the upward ten
dency. As an influence in this direction, Union
Pacific WAS brought into cOnsDicuous notice,
and sold on 80 y cent. to 60, without
any particular opposition.
The stories told alter the Stock Exchange
closed showed the anlinus Of the bears. aud
among Others may be mentioned the report that
at meeting OF the Pacific Mail directors TODAY
S2OOO,OQ bonds were authorized to be offered To
the stOckbrOkers at W. tut that an ex-dircctor
had decided to issue an Injunction against this
movcmcn which will probably be more fully dis
cussed on Tuesday. IL Is well To- saw In passing,
that Mr.. Rufus Hatch IA difficult to follow, and
before this reaches our readers some other Inn
pulse may be brought TO bear.
me ST. Paul stocks were cons pcuous for their
strength, the common advancing from ~ TO
46A, while the preferred moved up from 81 to
H's, buyer 3; and the Northwesterns, In SYM
pathy, were also higher while at the same time
Rock lsland reached nv. Ohios were better
during me morning at 2la. but weakened to
2l, seller 3, at the close, duing the attack upon
the active specialties.
In Michigan Central the operations developed
an upwaft turn. which carried the price to g,
though subsequently, reacting to Glj9 and New
York Central fell on during the day from 1ljif
effect "''" ~ '"' ''''' N'' ''' IVY ''s'"N
The whole movement Of the day reflected the
power Of the contestants, and before the week
mas closed large shiitinG " stocks "a newt
able, because small holders either side OF the
market cannot AFFORD to trade when financial
giants are controlling the operations.
The total NUMBER Of shares dealt In was 3d.
9,ei, OF which Erie represented $500 We,;ern
the preferred. $3.50; Mich. Genital, 4,61 Union
Pacific, 4,i60; ObiOs. 5000; Northwestern, 4COl;
the preferred, 237O; ROcl, Islrnd, 1850; a. -
Central. ESQ; Missouri, Kansas and Texas, SO
American District Telegraph Co $50; c., G., G..
and l., 100; Pacific Of Missouri. 300 81. L., X. G.
and nful "a
ton Coal. go; Cleveland and PITTSBURGH, S5
Harlem, 2tO; Hannibal and st. JOseph preferred,
30; st. Louis and Iron Mountain, DO; Union
Mining Co., 40; American Express. loo; Chic 40
and Alton, 10 Delaware, Iackawanna and
westerly Nv iildnols Oentral' llO; ". Il. anu VI.
Co. preferred, 100; N. j. Central, lO5 aud G., ID.
aud Quincy, %.
The gold market ruled strong throughout the
day, and the price, alter hesitating at llt's,
which was the opening quotation. moved up-
ward to 11ia, and closed at this figure. The
considerations affecting the premium were
tons In Erie for the home account entered into
the hrmness Of the market.
The following were the principal quotations;
1899 1889 M iii isii i so M iii
In loans the paid for having balances carried
me total clssrings at the Gold Exchange Bank we're
bSsSecs TSe na reaeS@sS
n called eonds and paid out In coin Interest
The days. business the U. s. Sub Treasury was
DO Sp bannce. ss7 % G0 edTrsney receipt ,S
Issfsi do. Payments, sSs72l957; DO. balance, 49,.
l2p,Sus. 80. Customs. ti7aOuO
The Internal revenue receipts were t5ooooo; the
toms receipts 10000 the Treasury Washington re-
ceed $500 900 national bank notes for redemption
The bullion IA the Bank OF England mere. sed G2i
600.
Foreign exchange nrmcr for 90 days bits. which
advanced TO 81 $3.50 nut dem indfIfts were sui
| quoted { tf.DO. though strong at tins ngnrr.
In the money market the usual VI ate was
served, and call loans stock collateral freely
| negotiated at 90 ~ y cent
discounts no' prominent but ranged at il4,9
| q for IRE as names.
Government bonds were very strong under the com.
bincd lnnui nee 81 an active nome iuve neut demand
| AID hi -hcr quotations IA tht lO.ulu ntThcf.
The chief inquiry fer 1905, when strong
i2i7s hid though the entire ht rcd cted improved
| tul e.