The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-02
FINANCIAL AND CoMMERcIAL.

TUESDAY, Aug. l-P M.-The stock spec
ulation opened fuverish In consequence OF "a
Hurry yesterday at the Philadelphia Stock Ex-
change, which caused active sales Of Michigan
Central and New jersey Central on teIegrspnic
orders from parties In that market. The hrst
named broke IL y cent. to 4oA, and though
subsequently, rallying to 407., closed at 40h.
The latter, also, at the opening of business,
quickly sold down from G3X 10 6lH, but recov-
cred to CA, and then fell away again at the
close to VI, with GO days. option at 59k. The
course Of these stocks depressed the general
market, the heavy tone hasing been more pro-
nuunted by "A decline of y cent. IN Delaw are,
a. % nn1 ir ~eStscn 10 @S ai W. seller
carried down This stock = To- CO... nj a. the
sane time Influenced decline IN Lake Shore ~
= t. 81 seller 3. The ST. Paul stocks yielded y
and y v cent, respectively with large bust
ness In tue preferred but the Northwestern
shares were comparatively steady at 39h d.i9h
and Ga ass. buyer g. Lake shore rallied to
tJ1s anu closed steady, but the remainder Of the
liz, was unsettled. Ohios ranged az l2hGi2h
Pacific Mall on . assure AT the close, 23sD
"a = Mon p EN- Z, bsA. GSS Delaware and HUI
son, lO0hUl0lDlNZ aud Rock Isl. nd, los.
The bear- controlled the market throughout
the DAY, but their efforts were feeble, and mo-
thing Ike n bold movement was noted the
skirmishing, except In Michigan Central aud the
coal roads, not having been suflicieu thy pro-
nounced to require comment Erie sold at l3k
Mi SCUM, 6s.
Inc stockholders OF Wabash have fled bill
tTtult tiuIt AZ lll.s 10 set aside
the decree Tor uIders Of sale, Oh the ground OF
fraud and irregulifiiy.
o, me number OF shares dealt In amounted TO
t3l,2. 81 which Michigan Central represented
ly.tl0; Western Union, 1920; l. Ike SHORE, Is $50;
New Jersey Central, 1882 ST; Paul. 1900; do.
Lnckawanna and Western. 1855; Rock Island,
l.425 onios, 30; Northwos,ern. 6,5: do. pre-
lem, as; New York Central e9s,: Atlantic and
r'cinc preferred, 10; Pac nc Of Missouri. 10;
e., T. snd |. I =. lvu: Delaware and Hudson. lOo
quicksilver lU; wrlls-Fareo. so; Morris ana
Essex 20; ana Cleveland and pi1tsunrgn. ~.
ne gold ms,ket wgs teverish aud unsettled,
at the higher ngures. Inc large purchases ~
the past week were chiefly for mercantile ac-
count. but the local speculation haviny been
based upon the passage OF the silver oill. will
exp ain the drop when assurances OF post
ponement OF the question were made public.
There WAS very litue Of interest, nuwever. at
tacnins to tue operations on ether side Of the
confused aud somewhat demOraltzed
lhe foioWlLs were the princip,i transactions.
10 Niii,. i is S iis, 1888 MMiiii'.
In osns the rates paid for having ba'ances carried
~sTe = l. - cent 'na aati r,,o.,. p.ns
Us lss 90 x,id balances, o. - 5dl anu cLrrrn bal
IN l,,G on I; ara paid oat IL COIN interest cnthe
The day business 8. the United states si.rreanry
Mss cog fseepts 5000 ~ 40 phyinents ssl5
~ sSs;iS do eaymeAis. s,si. osi.7S DO. ba.aace'
IN 6Hs'ioA In Tue Bank OF England increased
o, l9s . % rS 81 re Gssc
Currency tl2.oOOOo CON- t5y 100000; less ssN,UOO.
zoo coin certnea Co Dsduetns t.e accrued Interest
hONeNcr, and OtAer dcnaa4s VI tne Treasury, tuerc
vii be found balance o. only tSso0ec0 sold clin
the Tr,auy. which Is less by ABOUT 81 a5J 90 Than
the est estimates heretofore made oy ia So Interested
ia the course 81 gold
The revenue receipts at Washington to-day were
Zoo oo1; customs receipts ttDlOtO; ami 100000 ma
Il ~ / Htuk .Ote, acre received Tor rrir upuon
lne exports Of produce from TN port the gees
cudnL to day wer t5i-7Sl9 against ~ dS2 for the
cyu esponains week IN 1875, aud e. 1927 in lS7t.
iiooss asaSst ,l4s 5SS Tor tic C eoresposaa s
pcriud IN 1870 a d <i1J.sO5 O.1 IA 1874
Foreign eAchante rnlel uil an heavy st The follow
INK quotations: Sterling 90 days slgAt - s7TDs4 81
eemand. ~ Sg9Ntt p0i. call transfers, ~ pJ,Ss
tVle commeleisl. - sjtsssti .s6ie Paris. % d "
sLht o. l7Itas5 y demand a. i5A ss5.l2ie; cliic
Transfers, 30 Al sk5lO CONNIE clAl, e. - sjlsA
Rec'smarks o. CAT sgnts, Ws4 .tOic. deiuAn 5
ttg1 lec.
IL the money marSot there was no change. The Of
ferings on cal exceeded the requirements Of borrow
ers. lni ranged at liVeS 4 ccut, whine GeAlers IN
Guvcrnm ent securities we're actun,nodatad az ioelis
Prime commercial icceptaDces were la request 3i,
vltp exceptions AZ 3
Government nds ruled dul and devoid Of interest
durinn the early business but IN the afternoon frcsh
,ud spUu x ~. ny fen savings ms buttons
which resulted IA active aud strong market AZ the
| cue. WIKI prices fully bSS 4 3 ce.t, be ter.
The fOAuNlug were tue l.. VI. clOsln. prices.