The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-07-27
FINANCIAL AND COMMERCIAL.

WEDNESDAY, July 26-P. M.-The opera
lions at the stock Exchange were characterized
by wide and frequent fluctuations and attended
at times with genuine excitement. The ease
with which New Jersey Central was knocked
about like football on Tuesday. brought the
bears into Wall street this morning full OF hope
and announcement, which was evidenced in a
furious attack upon Delaware. Lackawanna and
Western, and resulted In rapid decline OF this
stock from 1907 to p51. New Jersey Central
was at the same time vigorously hammered, and
readily yielded from 64x to GA: and ohios were
also further depressed to lOi., with generally
demoralized feeling among the other active
specialtes. Western Union and Lake Shore,
however, were comparatively undlsturbed by
this scrlmmage In tho coal stocks, and by their
1rmness and subsequent strength checked the
downward current, and led the rally at the close.
At the second board, Pacific Mail. st. Paul's,
Michigan Central. and Northwesterns received
the attention, OF the bears. who broke
at the same time forced down New Jer-
sey Central to G2H seller 3,the lowest
preferred, 6e7s Pacific Nail, 2t. Michigan
Central, H;. and Norihwestefn preferred, esE.
Delaware aud Hudson sold ut lOO&DlUOA Erie
at 1919 13'., and New York Central at l0GSll05S4.
In the dual hour of business, however, on at
tempted covering Of sales prices rallied y to IL
u cent. us compared with the lowest figures,
and tho maTket closed with some spirit OF re-
eovery. The Transactions in Delaware. Lacka-
overheard OF considerable long stock by weak
holders, and the same class was q so thoroughly
shaken out OF Ohios and New Jersey Central.
The bulls did not attempt to stem the tide, and
aside from sustaining Lake Shore and Western
Unon, appeared unconcerned respecting the
| course Of the general IL nrket.
The operations Of the past few days indicate
revival Of speculation, and 1t Is possible that the
| extreme summer dullpess las ended earlier than
The total number OF shares dealt in was Isl.-
| Onos. 25.g25 Delaware, Lack wanna and Vest
ern, 25,l65j Western Union, l3.%3s Pacific Mail,
| 100; tie preferred. $500 New Jersey Central,
| l0QS0; Atlantic and Pacific preferred. 900; Ohio
| preferred, S00 Morris and Esse \. 80; New York
| Central, $50; Atlantic ma Pacific Telegraph
| Company. 800; Consolidation Co |, $50; Illinois
200; wabash, 20; Union Pacific, 20; United
States E1pTes,s, 200; Delaware. and Hudson
| Canal, 1884, G.. Il. and Quincy, rs c., C.. c. and
! l.. 1870; Rock Island, liz; American Express,
10; Hannibal and st. Joseph, 100; the preferred.
| tho cold market maintained good degree Of
| nrmness at lll5s, until near the close when some
| Of the silver bill Ia Congress caused heavier
| tone, with drop TO III al which fsures II
| prominence presented, and the market closed
| The following were the principal transactions!
i.S p H. iii Esq r MMi iii 81 G Milf
In loans the rates PAID for having balances carried
L
The total clesrlngs AZ the Gold Exchange Bank were
900 golu balances sll - VS and currency bal
81 264 100 The Sub Treasury redeemed 900
called Donds. and paid out In coin interest on the pub
lie debt t2l7.O0O
The days business At the United States subTreasury
Gold receipts, sip9s5l 0s 10 payments. t2i6,.
S4269 90. balance, S3t lU27i4 OIL currency receipts,
{NO09t7lt do. payments, t56l 1885, do. balaLce,
| t3O.14l. 05d71. Customs, 1881 900.
The internal revenue rece pts at Washing on DAY
1ad a9S sg Tseeasd
bans notes for redemption. The bullion IA the Bank
| OF England WAS Increased 4267 900
| Foreign exchange reflected a weaker tone but the
| quotations lchanCed.
| Money continued TO be abundsntly supplied on call
at cent. on approved stock costera ana at l@l q
| on Government securities. Prime commercial paper
| was In demand at 3lsy5.
| Government bonus opened frn at fu prices and a
FAIR demand was reported but Ia the later dealings
there was observed more disposition u sell, occasoned
probably by the heavncss OF gold, anu uncertain.
tyas TO the effect upon the market II the silver bill
should become law. Coupon 1879 sold at 40 and
l20s coupon os Of 1881 NJ 1905 aud registered do.
llyk.