The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-22
FINANCIAL AND COMMERCIAL.
MONDAY, Aug. 2i-P. MIN the absence

MONDAY, Aug. 2l-P. MIN the absence
OF the leading operators, the smaller specula-
tors directed their attention to Delaware, Lack
awanna and Western, New Jersey Central, Mich
igan Central, and Western UDiou-these stocks,
including st. Paul preferred, which reflected
only moderate fluctuations, having represented
the bulk of the days transactions. New Jersey
Central attracted chief attention during the
morning, because of IA successful squeeze" Of
the stock, and borrowers paid as nigh as NIX b
cent for itsSIse until Tomorrow. the price at
the same time advancing FROM 59A to COZ, cash.
The sales showed a difference Of y cent. be-
tween cash ana seller 3; hut about 2 =. NJ, after
the manipulators OF the corner mad perfected
their plans, they commenced suddenly to
decline to 5IA, seller 81; though II
recovered later 10 s9A. aud closed at b9k.
W, out aiter breaking Ia r cent. to wa, rh-
lied to 9iA. and from tuis point took another
downward .Iunge to 9Oj4 seller D with sudden
ga. / he cause OF these wide fluctuations WAS
contradictory reports as to the probable
| result Of the coal combination meeting wuicn
will pe held Oh tuesday at tue Delaware ami
Hudson Can,i Offices. The parties forming the
combination are quite - much ihiAru AZ ths
local wall stiect Spectators In tner views OF
the course which the ueliheralOus via ttke,
the belief In a flesh patching up OF the con
tracts. and Of general break no, being about
equally divided among those most Interested
Toe fact that the Large companies, by sdheting
TO the advanced pllces Of coal. have
| enabled those not bound 10y the comp ct
Ia unuerseli The cututinlIion Is ne Of the serI-
GUS questions which will be discussed while the
| cuttns lnder 0y sever a members Of the pool
viii no doubt receive ptoper consideration:
| Meanwhile, the pubic nope tor lower prices OF
coal, and viii rejoice over any disagreement
witch NAV rum q gigantic MONOPOLY Western
| linton attracted some attention IN the erriy
trade by It's decline Of = cent. 10 1O,., seller j..
but the later transactions were less nm ortunt,
| Michigan enlrAl fell of = to 40A, out II suoss-
| quenty rallied cent, IN - IN athy vita tue
better tone Of the coli road Ia Lake shore
the business was Iieht az js.G5}s, seller d<I,A
. anG -. Paul preferred dtoppei only to tss,
VITA rally e. toe highest usures Ia tue mad
not deserving Of comment.
lite iolal number Of shares dealt in was 12ss2.
/ Of which Uelaw. re, LarHawanna and Me-iern
| represented 20.GsO; Western Union. l4.i20; New
( 81 Paul. .VO: the preferred, 4bJU; Delaware
. and Huds II Canal. $50: Outos. 5OO; Pacific Mail
/ tUO; Rock Island, 81; Northwestern. 30; ldi-
nos Central, 2W; Pacific II Missouri. 2iO, Amer
I icau Diz rlct ieiegrapb Conn my, ~; All mic
/ aud Pacific piefcrfed. 100 Erie, 10; Pro. Con.
( l.. amt PEI. COMPANY, 100; Folt WaNne, 81; Mis-
/ sourl, h tnsas and Icxas, 90; Cleveland ana
| Pittsburgh, -; American Express and New
/ York Cen raj. e ca D.
he god speculation was dull and ubinfu-
euced 10y local or foreign advices. ihe general
| tone OF the market, however coutn ed bedrish,
ana lhe pIlce, III con-, ,qdehIe ! eues ol tenu-
to HOY, Out closed a. liOh
Tie following were the prlncipal transactions;
1923 1923 4 HCe 1915 S,s MMiSs LOO Mica Mica
II laus the paid for lavlhs balances carried
wee y. !, Nv 2 cont. and hat.
lAt 7ofaI ceAiln.s nj the told Exchange Bank were
~ sis 900 ID nai4nces, talZ,uVs; aud currency i
anrr.. SLC5Js5. The suD Treasury red en- d soi ~
IN ticG lDd ,.ne PAID out III coin interest on &c
puul.c dtut sia1,cJJ
Ia qua IA IN tAe Bank Of England was increased
10000
lie Days busluess N, United states Sub Treasury
Sl.SJ W. ba.anee. ssS,eo..o ep3 CUR reeely
sii3s .s3a" curteuc, nay n's, s;Hi,isiil cur
Tel., l.l e. Sa3,iae.u,S.pd. turiouis. sUf..VNu
TIE lAtrtla rsNtLue pit, al MH-hiug. uu to-la
were su2OuuJ ans tnc cuatul- tcccirts fH1utos' TIA
Trtasy 40 fh:Ae IA received tvtOOOl Ia .aiion-
naus notes tor redemption.
F.rvIln txclalge ruled quiet but hrm AT H.S7ia
conce lone OF lsssiic. la actual nusintsS.
cent. stuckuruker- While 6uSrinms at lud lrl't
v,rr accuiumod, ed a. l4tl Discounts we've ql'te
al a.tt pflUc <iatlfCs, with tAt pfpus gt Ave-
GuVofuiu.u f NrcuIuc- we're fcNcr-J AID unsttl ed
esfociHiis ,uCn go Issues lie TO &c vAe
: tur.ut tut Hains vf The Az ~. oInus. lo-iA
nuA o..allul al US ii- tuH ne su,p ulcd CA "a
cluut Of tnc reported tuucss Of secretary Muir. "a
t.e caaLcts ui aims ga Anew .Hau are ui re- faNo
Aalc, uou.h o. D. sut! ST Vf rclTct that lt .Au.
.err financial UVi afnicut 4 tt g. NcrnWent na
not pes .cttuH Ou utt orc Congress - urucd walc
Nuu ID .u.4lt - l sNu-tltitiuN of tnc cent, ION
huld. Ia me present utprcss,d con iuA OF tc 1ne
lnarNyts Of the world "a y CVui, lou. upLd could
hId- NAitt attractive a. the pftsVAt a ' Ctut
nilu i,.r limited ,Aitt uf matu,ly
. ! wig 3 L. NJ closing