The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-23
FINANCIAL And COMM ERCIAL.

MONDAY, May PIP. M.-Speculation
at the Stock Exchange developed an alt, rnately
weak aud strong market, with unusually wide
fluctuations. Lake Shore, Erie, Michigan Gem
trail, and New Jersey Central were conspicuous
In the morning trade, the last named having
tumbled ~ D cent, from s4k to 7gx, seller 8,
while the Others were ~ to y cent. lower.
Michigan Central having rapidly declined from
40k TO AZ. The cause OF the stampede In the
last named was attributed to the throwing over
board Of long stock revival OF reports that
the July interest on the bonds OF Its leased
roads would not be paid. Lake shore was heavily
sold oy Cleveland parties, added to a dash made
at this stock by the Twentv-third street combi-
nation, while Erie declined from AK to 10, In re-
sponse to drop OF ~ In the London mar
ket. Pacific Mall and Western Union we're
exceptionally stronR, and rallied b cent. aud
y respectively. An agreement las teen entered
into between the old m inagement Of Paciuc
Mail and the new stIckholders. the latter prom
isinR IL reimburse the old directors for any sums
advanced to the company, and on TINS condition
the property 10 TO be turned over TO the present
holuers Of stock, SO that the annual election
will be proceedeI with on the 3lst inst. A new
contract or lease will then be made with the
lanama road, and tue two companies work IN
on TINS Information, which will explain the rise
IN the stock. The St. Paul shares were weak.
whie New YORK Central SOLD at lO6, seller W,
and at the same time 1l0k regular way. Inc
weakness OF the coal roaus started the general
market on Its downward tack, and the bears
were assisted by revival OF rumors that on
tuesday the west bound PASSENGER and fr, light
rates would be reduced. Plices at the close
were ate der. but an unse tiled and feverish
feeling controlled the dealings, the rally from
the extremely low points having been cnieny
due to = desire Of tue shorts TO realize their
pronts OF tue day.
The total number Of shares dealt 10 was lG7.-
~, OF which Lake Shore represented 62,Jv5
western Union, H.lOO, Erie, 2o,j15; Pacinc AIaiI,
l7,3OJ; Michigan Central, lJlUj; Delaware,
Lacka wanna aud Western, 55g; New Jersey
pre- erred 800; New YcTs tsstfli. los J Un ipe
Pacific, l~3UJ; Delaware and HUDSON Canal, ~!
Nortuwesteto, 40; The preferred. 100; Rock
700; Pacific OF Missouri. 542 Pro. Con Land aud
Petroleum Co., $40; A. and p. Telegraph Co..
~: Panama. lO; Wabash, 100; norris and Is.
seq, 100; Adams Express, loU; C., T., z. aud l.,
10; Chicago ana Alton, 100; ana United States
ne gold market was duh, and devoid OF
special significance. More peaceful advices
ton, added to the fact that recent sellers were
ANXIOUS TO break the market, caused a decline
lHh Ihe fact, also, toat no specie engage.
hents had yet been announced exsrted an IN
f-vor.bie Influence upon tue price.
The following the ipaI transactions,
i iS 81 A. ai1 rs: S1 a. Mis- MIS- $40 M Me-.
In loans the rates paid for having balances carried
Toe tota cesrnss Al the Gold Exchange Bank we're
= sea O- aa 's.SS -sS Ss
IA oaied bona, anu PAD out Ia coin interest ou tue
public drut t3lt.vOO.
lac 9a.s business Al the United States subTrcasury
vss OOd rtCclp,s. 400 bJOU5 pay uIeuts, ASS.
~ Il 90 balance. t4l.U.75S5O3; CURRENCY rrcsip.s
tolOSeSud 10. payments. tllUa ,5J7 80 do. OaIauce
SSdo21 vJdo2 customs. t44S 90.
lhe Internal ie'ehae receipts footed t7O0 900,
the customs rece %, s4OOVJO. Tne treasury al Wash
lnsOn received So0OOO nstiOual Dahk for re-
utmpton lne easGry balances 81 tue close OF
business VI ashinEtvn we're: Currency t.OOVO,ODO,
anu coin tlOOOOOO iucudlng s27OO00JO com certn-
Gates. ih, union In the B-nA II kns Anu Ma IN
forrl-n exchange ruled dull with a heavy tendency,
but the rate remained at - $50 4VOl1 Tor time
trade. -
Money continued In liberal supply on call at sas,
WIN free on rings al tn- lover rate. discounts
Qdo.ed al 4Gbd for prime :.
Ovyefnuent bonus we're shade lower In consequence
OF the heaN ess Of gold. Ihe transactions al the
DOafs, no"tv q, we're Arge. coupon lsO7s selling at
LlsS IiSsl5i.i REGISTERED ana eoupOa 1868. l23
coup ~ ivs 1854 registered do. ll1A ana coupon
stcaB.