The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-23
FINAHCIdL AM COMM ERCIA

WEDNESDAY,, March 22-P. M.-There was
q decidedly increased volume Of business at the
Stock Exchange, and the brokers appear to have
been. In degree, aroused from the etharRy OF
tho past few days. But the market was irregu-
lar, with some stocks up md others down, ac-
cordnR to the whins of the local operators.
For example. Lake shore, Michigan Central, and
Pacific Mail. were weak and lower during the
morning. while Erie at the same time was moved
up from ~. to slk 10y combinations who
were bearing the other etocks There was
story set snoat that the third Eric
rail from Wavcrley to Suspension Bridge
would bring this road into active competition
with Lake Shore, the latter, on this impro ssion.
having been forced down from ca. to 81. ; and
Michigan Central was at the same hour severely
attacked. resulting in decline OF y cent. to
63h. bee use, IA reported. n meeting of Western
freight agents was being neld 4 an uptown
hotel 90 checkmate the alleged cutting under OF
es by the Grand Trunk line. This meeting
entered largely into the considerations OF tic
afternoon speculation, bat Nnen current
rumor gave 1t that there had been AN Hd-
jOurnment. without any cennite action,
goodly number laughed at the joke, while others
scented mice.
the simplef ct IL that the great operators are
doing nothing. and some subtorfugc must be-
brought out hourly. else speculation would
dwindle INTO smaller proportions. the outs de
public are practically out Of the mcshcs, and
cannot DO induced to specul ite IN amaTket
which affords nothing losses on either side
OF the account. he stock Exchange dealers
trade only on the impulse of the moment, aud
are both bulls aud be rs the same hour. Ii they
luckily realize quarters anu eighths. the Oh nceS
are that before The day closes tne profits have
been swallowed w. This limited, though con
slant shifting Of the speculative current. how
ever, { mot long continue. ana IA more active
business Is near At hand. The strength OF West
ern Union, AZ tYtden ed ~ rs advance from
6s' to 0s34. W.T. acc united for by the fact that
some Of the shorts covered on discovery that
the Pre- sident Of the company req rded Its iu n
cial condition SAFE during his trip south IN the
- ~. ~ Its.a laF
of the contrary movement Of prices may be
ADDED the &C. that Pacific 81 Missouri ad vanced
u lJs4 on rel orts that Judge Dillon OF st. Louis
h u granted permission To certain W prking com
p.nies having cl Inns tp prosecute the same.
| Ss; of WHICH Lake Shore represented 400 (;
Erie. $500 Western Union. l7.SO; Pacific Mai.
si0l; nienisan Contra. s,o09; 0n!"s. 2sW; Pa
fe'red, 2.470; N. Y. Central. 1905 Northwestern,
LOO; the nreferred, 500 c.. C., {. and L. ZOO Rock
lslahd; 100 the preferred, 5Co; Consolidation
| Coal, $50; Fort Wayne, 3e,; n. J. Central, 800 ;
\. J. sou.hers. 40; Reno preferred. 80; ST.
| Mining Co.. 3Oo; Clovei. nd and Pi.isDurgh, 30 ;
Deliw-re. Lacsawanna and Western, zoo; Union
lOJ; ST. LOUIS and Iron Mountain, 100; Wabash
lOU; aud Anne rican Express. u.
lie gold market presented I'm Indifferent
speculation, though more activity was observed
in the early trade. Tue price moved mp from
ll4s at the opening to lli4, hut closed ut the
The following were ire principal quotauonr
lo:3i \. M.1lrl l:lOP M..lH'i 3oDP M..1iiis
Inyoans the rates paid f1r having balances carried
were l, IL %, 2. 3ia = rent, and 4 It.
M toldl ceariugs At tie Cola Exchange Bank were
t2,.aS,.0oO' goid ogl NC. eos 9UI; aud currency
h4.Ic.s. VI: $50. Tie SUBJ reasury redeemed SI3
~ ia called Onnds ana paid cut In com interest the
puuuc dCOt St3,uJJ.
ine aay'' business a. the Z. s. SUB Treasury was
G5sd rtceints, trS5tlN y. .pymen.s tl,ssiNs 3
DO balance Sidnlf n-i4s rurf ncy rccrirts - 1885,
S227u. do. pynlcnt- tti25,S - - DO balance. SO
oiO.9,.o, Gus ons; $1,000. sl,s5'oJ canceleu sol
cCrtlrCltes sent To- Nashln. luu.
The iuterAai ptr footed up 100000 and
the cIsto rs receipts SG)boQI. ul Treasury 80 a.allg.
ton received s5o1nOO IA national AK uO'cs Tor n.
drnptlon The tll IN thr BtuF of ENGLAND was 90.
creased A3H,oas. sud The sperfe shipmoBts from
pnrs to-day amounted 10 S.iO.elb.
Eorrg exchange VAS uuli, hut Arm At the nominal
quot u se' aud siApls Tor time and oenald
dI IT..
In the money market special feature WIS noticed
Tn Ontfinc~ we're mi M TO the demand, aud cad
loans rarg ed al 81 a ccnt on stock, aud OF Gov
~ iiu'u MS
Discounts continued qui, AT iigd6 cent. Tor nrst
ctfs commercial accv tanCcs Of turte anu four mont -
date
Government honds rejected nrmer tone sequent
rpon bet or Loud 90 quot atoms and ad1ccs 81 . less
uh,nsy feclng IN the nUne securities OF th1t marKc
The nrncpa d"altngs were IN coupon 1869 ana
pom 1855, d anu od.