The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-07-08
FINANCIAL AND ooMMERoIAL.
FRIDAY, July Up. M.-The stock spes,-

FRIDAY, July Up. M.-The stock speNi-
| IatIon continued to reflect the summer dulness,
but develot ed evidences OF a firm undercurrent,
| otwithst andina the tact that a GOOD number or
holders of Lake Shore realized their handsome
| profits and stepped out. The class Of buyers,
| however, was equally good, and the offerings
passed into strong hands. During the past two
DAYS the market has been weak at times, under
! liber realizatiOns, and bear element has been
thus created, which Ia not unlikely to Temporal
rily receive further announcement; but the
| TACT was also patent that fresh element on tho
bear side was at work the success OF defeat OF
| which the next week will more fully determine.
| The absence Of so many operators heretofore on
the bull side has cIrcumscribed the scope of the
general market, but this 10 always noticeable
during the summer solstice, and the general
| operations indicate quiet but positive prepara-
tion for better prices. The ability OF Lake
| Shore TO pay semi-annual dividend OF 2 y
cent. In the face Of the railroad war has checked
the extreme views Of croakers, aud II In possible
| that the great reduction of rates on other roads
having direct connections with the Eaet may In
duee a sufficient Increase OF business to warrant
favorable exhibits.
Tn to days operations Lake Shore embraced
the principal dealings. wi h a drop from 5sA to
| 5SH The bears of yesterday, however, IN an
| ATTEMPT to cover their contracts, advanced the
| plice = cent. to 59A. though II Later reacted
| to bS1S. out gained strength toward the close.
| The lct should not be FORGOTTEN that this stock,
IA well IA western Union, "a 7ds y cent. lower
u short time ago, aud the few Spectators left
| IN The market are quick TO secure prufts, but
with oil Oi the ups and downs, there seems TO
be steadi,r hand guiding the fluctuations.
| New jersey Central performed frequent gyra
quickly broke TO 72K, but IL az ranidly re-
Paciuc all jimped during the first BOARD y "
cent. to q, out ate ward subsidized; aud atten-
wnich rallied y v cent. TO 81 at the close, win
stronger MARIE, for st. Paul preferred vt TX.
| ONO and Mississippi shares were weaker, with
| increase Of earnin-s al S476s2 m June, and Of
t25s.1O4 since n. anu Michigan Central
al u sold down from biz to bOA, with transac
tons IN Delaware, Lackawsnna aud Western a.
| low as I02, seller 60 Harlem. however, advanced
TO 1i0, and New York Central sold at 10SAGD
| Expres- moved up u 7bh, ana Atlantic and Pa
The total numoef Of shares dealt In was
| 71.d06, 81 which l. Ike Shore REPRESENTED 1910 /;
Western Union, 1000; Michlsan Central, $3.50
| Mall, 830O; Northw, stern. 30; tie prefened
1850 Delaware, Lsckawanna and western. LII {;
Harlem, 100; Morris ana Essex, 1,l2J Erie, SOl {;
| Atlantic aud Pacific telegram Company, so;
81. Paul, 400; the preferred. 500; United states
isIan ne ses New YORK Central, sos P,o. Con- L.
Jam tam zoo; Wsoss., i5O; UaioS c'tc, ico;
100: and New YORK. New haven and Hartford, 90.
Ine gold market, though developing onIy a
| limited ~ equation, assumed a firiuer tone. and
| advanced cent. to l12K, at WHOM figures II
| closed. lDe fact that some of the prominent
| holders had recently thrown oveTbua ard iheir
| ventures created a counter curreDt, ana the for
eign Gdyices also influenced the market. he
| sDece shiuments for tomorrow Will aggregate
| about tl,OJ0OO.
The fciosins we're toe principal transactions,
1000 A. M.......ll7t 1859 p. ............. 1123s
lIOl A h............ll2 800 =. LIZA
In loans the rates paid for having balances Carried
were Il, ~ cent, ana nat , r...,.ro n.u. MOS.
s3.ossv 90; balances, q 2g7 100; aud currency
OOO M cal ea bonds and paid out IN CON interest ou
the pubic deut tsi2, Co.,
Tue days business United States sab Treas ury
wls; Gold re,tlpts t57o.l63. 80 gold payments,
t605 1893. IL gold balance, s55,7S5,6be.is currency
s5O5 I'D o. currency payments, al 1877 loO1p
currency ba Anc t4Ot7 $40 Id. Customs, tlsd 90
The Internal revenue rtCepts at Washington To- day
t3o00OO and the customs receipts tJoo0OJ. Tnt
lul ~. ia the BANK of England wac Increased
Sol 900.
forrign exchange continued dun but nrm at ASS.
t4.O5a for time anu demand orsfis LEES 1tc. con
ccssvD
Money loaned call 2isot2 cent to stockholders
anu lbst2 to dealers n Government eecufit y. Dis
couuts we're duh at t@5 Tor prime mercantile sigma
turcs.
Tine transactions In Government bonds were
tive, ara the inarAet closed srong the dem ma Wal
pric paiy lrun local cspitAsts, and prices were iuuJ
| lsrA higher at the close.
Nas a RlAaS