The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-30
fINANciAL am COMMERCIAL.

FRIDAY, Sept. 29-P. M.-The fact that
the Directors Of the Delaware, Lackawana and
Western Company had decided to pass the
usual quarterly dividend Of ~ TER cent. ut
their meeting to-day was generally known In
Wall street before the commencement OF bust
ness, and will explain tne rush OF investors to
throw overheard their stock without regard to
price, the decline having been nearly four per
cent. from ~ to 6sis seller 3, with few sales at
Gc's. seller ~. Delaware and Hudson quick
" offered down from IS t. g. seller 3, with later
transactions at G25s. r. guar way, and ~, seller
~ New jersey Central soon also took the DOWN
ward tack; the drop from 28& to 2jA, seller 3
hnvinH been accelerated by report that apoli-
catOn Tor receiver had be en- lled la the New
jersey courts. There was recovery. however.
70 zJ.s al the close. on purchases for account Of
the shorts. Erie became conspicuous in the
morning trade by break from w to q. ON
advices from Pennsylyania Of ltigf,iions look
ing To the foreclosure OF the road 10y the ffth
mortgage bondhOlders. The Western shares
were strong but less active, the Northwesterns
advancing from 34H to 81, and from sos, to tsii,
for the conn ON ami preferred respectiy,Iy
while Mt the same time st. Paul preferred re-
covered FROM 90 to 59A haviug opened IT bss.
Lake Shore, Western Union aud Michigan Cen
tral were IN the main nrin. aud did not seem
be much Influenced nv the stampede IN the coal
stocks, already alluded to above. TIE nrst
named opened al 5JA, but soon advanced To 5It,
with n subsequent drop to 527.. and later re-
covery to 6Ps, with final sales at j3A. Western
Union was n q cent higher, at 70A, at the close
while Michigan Central, ON n limited busns ~.
nuctuated between iO1 and u. New York Cen
trail ranged at 9&lM slpM%, buyer 9; but
Ohios were weak at llaWllA6pllk. Pacific aaiI
was kept steady at 2}G Ill256, though any I'M
portant blocks thrown upon the market would
have caused lower prices. Wabash ruled arm at
4h@4'. hut he rem ainder of the list was practi-
cally neglected.
" checked the upward tendency OF tue market
noted earlier In the week. ana Ia likely to fur
Their influence SATURDAYS speculation.
The total number Of shares dealt In was pa, 500,
OF which Delaware, Lackawanna and Western
represented 1880; Lake Shore. 2i.5JO: New Jer-
the preferred. $500; Mort hwestern. $3.50 the pre-
fietrcd, 5.,50; Del ware and Hudson Cana. 81
western Union, $3.50; W basu, l.2JO Ohius ,JOD;
Pacific Mail, lao; Michigan Central. LOO; C.. &.
and |. G.. ~; Harlem 20; Hannibal and st. Jo-
seph. 100; tue preferred. 40; NJ. l.. and NJ. 90.
800; Panama, 80; Morris and Essex, 1p1; Allan
tic and T. ciGc preferred leo; Atlantic ana Pc
cine telegraph Company, 100. cleveland and
Hartford, 10 and wels-FarRo Express ;, &c.
In the gold market a frner tone WIS noted,
smou,ts 81 short contracts. The price advanced
i9m liS no lo ciosns at ths nisner figure
e Isl F F " Mi EiiS. ~ Il NiS
Ia loans the rates paid for the u.e god were 16 ,.
~ total eearinss at tue Gold Fscange sans were
,iq j,- ., go5d balances 'il5S5o' anu currency
Tue day business at the United STATE. subrreasury
0o0Ay GO baiance s3'lss.6Ug 81 cur ncy receipts,
,s5s35 So 'ra.gGoms' ,iia no. "a-n'e
Tue buihon ia tie Bank Of England was decreased
IiSuuO
Tue internal revenue receipts at Washington to-day
werc t3JJCO and tue customs receipts f5o ,JOO The
Treasury a Washington received t7u0OOn Ia natl mi
bank notes for redempuon. rne treasury balances at
the close Of business Ia Washington we're Currency,
tllOno Ov1 ana con eos 5OOOOO uding t2gJO0O60
cU,n certinsates.
Foreign exchange ruled weak NJ SO - s4S for
TINE aud demand pills respectively Win cOnce ssions
Of im AC IA tCf ua business.
Money utinued In ample supply cali al 1loa2
cent to the stock brokers pledge u approved coli
lateral Discounts ranged at 3p TO cent acc ordug
to date of maturity aud the credit Of the mAker.
In the Government market n nrm tone observed.
and the quotations closed strong Coupon 1855. new
rallied to 1l3iS. registered i0iOs sold at l1laealiie
and coupon o. Of 1891, has.