The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-12
FINANCIAL AND coMMERCIAL.
WEDNESDAY. Oct. lip. M.-speculat

WEDNESDAY, Oct LIP. M.-Speculation
in Wall street to-day has run chiefly to politics,
as to the result OF the Indiana and Ohio cleo
tione, and consequently the volume OF business
transacted at the Stock Exchange has been
small comparatively, and confined mainly to a
few leading specialtles, OF which Lake Shore.
Delaware, Lackawanna and Western, Western
Union, and the Sc. Paus were the most promi-
nent.
The advance in Lake Shore, noted yesterday,
has been followed by a sharp decline under
liberal realizstions. Opening at 5sk, the price
Tell to o. before midday, but, during the after
noon call, recovered to 5sk and closed at 5Tz.
delaware, Lackawanna and Western recorded
the lowest sales at the opening, from which
point II advanced ~ v cent to us., declined
to 7oH. and closed at 7o... 81. Paul common
advanced from TX 10 29& and the Or eferred
from 67h TO 5ox. but both closed at a decline of
cent. The Northwestern, Michigan Cen
trail, New Jersey Central, Pacific Mail. and
western Union all showed moderate mprove-
ment, but. with the exception OF the North
western, reacted in the final trade. The details
OF the days work are given In the comparative
table below.
The annual report Of the President OF the
Western Union Telegraph Company to the
stockholders was made public to-day, from
gross receipts for the year from all sources we're
tiO.Oot9S30e; the gross expenses, s6,o35 ,473 90.
and the net earnings $3,399, 5O9g7. As comp AIRED
with the preceding year the increase is t470,-
1000 in the gross receipts, 1900 05S.0l in the
gross expenses, and t170,3501i in the net profits,
At the close Of the year ending June 30, 1876,
the company operated 73,532 miles of line 1888 sac
miles Of wire. and 1912 ofices-an Increase Of
$40 miles OF line, 4337 miles OF wire and 5O7 OH
ces over the preceding year.
The number Of messages transmitted was 49,
72e,561 an increase OF 1575S57 over the year end
Ing June 30 1875. The average tolls collected on
each message was about 80 cents, at an average
profit Of about II nts against ~ during the
year preceding The capital stock Is t41, O734l0,
OF which the company owns $7.272, 235. The
bonded debt, less amount OF sinking funds and
Interest accrued thereon, is t6,382 1925. From
the net profits Of the year tls5s,20J.5O has been
paid out In three 2 v cent. and one IN y cent.
ulViuends; S5lp.Il2 ~ for interest on bonds, and
toO,O9i for sinking fund appropriations. other
appropriations were made for construction Of
new lines, telegraph companies' stock. new
building, stocks, PATENTS. real estate &C. leaving
a balance OF fl6.I41.59, which has been carried
into general income account
The total number OF shares dealt in was 1aO,
delaware, Lackawanna and Western, 1874:
Western Union, 1890; st. Paul, 5,GJO tho pre-.
trial, 4.600; Wabash, 1906 New Jersey Central,
1850; New York Central, I,2I5 Delaware and
Hudson Canal. $40; Northwestern. 800; the pre-
lerIed co; Rock Island, 400; Erie 9cj Illinois
Central, 6l5; Ohios, 6j0 U. s. Express, 277
NJ. L. and NJ. COMPANY. 800 Harlem. 80; Clev-
land and PITTS. 200; n. Y, N. II. and H., 40;
Union Pacific. $50; A. aud =. preferred, 100 c.,
1. and |. G., 100 and Fort Wayne. II.
The gold market has been strong the price
adveneing from lOs'. to l09S, and closing at 100,
with 10S1 bid.
The following were the principal transactions;
iOS q a ioS i isY n 1879
In loans the rates paid for the OF gold were "
cent. and nat, anu for carrying and g v cent.
The total cleartnRs AZ the Cold Exchange Bank were
t2H1i4.OOut god baances, tl,dlv,p35; and currency
balances, N.5li4l5. Tue Sub Treasury redeemed Ell.
800 IN cei BONDS and paid out In coin interest the
The days business NJ the U. s. SUIT. Treasury was
God receipts, t2sl7lO; gold payments, f,i4 SO;
gold lalauee. tissO,OlO SO. currency receipts, tl
lt240 13 currency paitntuts SJOS. 0503U; currency
balance, taH,O7p5b1 ~, customs 500 900. cancelled
god certificates forwarded ~ Washington. d. C., t6OO
OUO ''9'
TIE bullion IN the Bank OF England was decreased
A5ltrp.
Money ruled EASY at cent. call loans. and 400
v cent. on discounts Tor best name.
Foreign enchauge has been steady. Prime bankers
~ Days bls we're quoted At tiSi, and short signt at
Government bonds show an Improvement in sym.
pathy with the sdvance In gold. the advance ranging
from TO cent. on the gold Issues, with the eI-
ceptions Of lOiOs, while the currency is we're steady
IIe following , T., NJ closing prfces.