The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-18
FINANCIAL AND COMMERCIAL.

THURSDAY, Feb. LIP. M.-The opera
lions at the Stock Exchange further developed
the programme OF the spectators manipulating
the market for a decline. and some OF the weak
or tlmid holders were shaken out Of their
stocks The bears seemed to have the market
practically to themselves, and the more prom
inent bulls showed so little resistance to their
movements, that without some positive assur-
ance to the contrary. one would suppose that
the leading holders had given the day to the
enemy. Western Union and Lake Shore were
pounced upon at the commencement Of busi-
ness, the former yielding under this attack from
"a to 49,, while the latter was y y cent. lower
at 65A. Erie at this period was the only strong
stock upon the list, a. 1t steadily moved upward
from ~ to Isl, and did not react In the later
transactions more than = e cent. There was,
however, during the morning, evidence
that the bulls In the Western shares
were not disposed 70 press any further
movement, because OF advices from the
Wisconsin Legislature that the repeal OF the
Potter law would be vigorously contested In the
Senate Notwithstanding the fact that the vote
was believed to stand in favor TO 4 against the
passage Of the bill. The ~. Paul and Northwest
ern shares were consequently weak, but the
nrst-numed subsequently rallied Is and ~ q
cent. for the common ana preferred respec-
lively. while the latter was :. and /, higher
than the lowest point established earlier IN the
change wss chiefly confined to Western Union,
Lake Shore. and the 81. Paul stocks which
rallied Ia = cent. for the two hrst-named. with
areaction Of = shd y at the close. Onos were
strong in the final dealings, but the general
market was feverish and unsettled. Operators
appear TO be uncertain respecting the future
course OF prices. though in view Of the recent
sharp decline. there ought to lie soon favor
able turn In the market.
Attention Is invited to the table below for the
extreme changes during the day OF the leading
stocks
The total number of shares dealt in was lel-
lS, Of which Western Union represented $3.50;
Lake shore, S3.oel Pacific Mail, LOCO; Erie.
lao; It. Paul. 1900; the preferred. ESQ
Northwestern s,Hn the preferred, 1900. Ohios,
5,@I; Rock Island, algl; Michigan Central. l.,s.,1
Atlantic and Pacific Telegraph Company, SO;
New ork Central. Gnt Union Pacific. 70: Amer
lean Express. So; Cleveland and Pittsburgh, ;e,i
United states Express, Ji2; Pacific Of Missouri,
20 Missouri. Kansas and Texas. 20; Hannibal
aud st. Joseph, 100 the preferred. 40 Adams
EN- ito, pannmn 100; 81 Louis Kansas Cifv
ami Northern 100; Wabash, 100; Atlantic aud
Pacific preferred. 100; G., G. and |. G., 100; Con-
solidation Coal, 100; New jersey Central, % aud
The sudden departure for Canada Of Eccles, a
former weil.known stock and gold broker, al
luded 10 elsewhere, was the theme OF consider
able discussion In financial circles
The gold market opened firm AT ll3A, hut soon
declined TO llt4, in the absence OF more post
tive Information about the specie shipments,
the engagements Of which were noted yester-
day. About SlhjOWO was actually shipped,
however, and the uiice then rose again and adj
vanced to ll324. just before the close OF the
board. on false reports that foreign exchange
had been advanced. there was a further rise to
49, hut the correction beng made, there was
reaction to 1872. There Is atecug among the
local operators that they are being humbuggei,
but Just exactly how they are unable to explitn.
The following we're the principal quotations.
1000 A. NJ. 113as 11;i2 A. MIl3ai .;ji H. M..Il37S
1Od A. NJ. 1870 l2pO Z. N. tt3l ESQ r. N...II3f
ll!l5 A. M,,1i;As loop. M.115A 500 T.. M...ll3ai
In loans the paid for having balances carried
were 1. ~. 2 g. and D. cent
The total Clearngs at the Gold Exchange Bank were
sol! O1oOui gold balances. al hlNlSo; ana currency
balances, - S3uuO Ihe sub reasurY redeemed tlil.
600 on called bonds and paid cut IA coin Interest Oh the
public dent tlG2OOO.
Tie day bus ness at the United states sub Treasury
GOld receipts, K2Gi O5dSui do. payments fiSS-
2ill0 40 balance ti6ISd,s37Aa. Currency receipts.
tbOf ,Net4 40. payments, tUlNbtl..Jt 10 balance,
So ,adhA ydN3. Gus oins, S2toulp.
the customs receipts 100000. The Treasury Wash
ington received $500 900 national bank tea fuf re-
dcmptiOn The bullion IN the Bank OF England was
increased I37O,ooO during the past wees,
Foreign exchange ruled nrm az fLSb and AFn Tor
prime 90 DAYS and short sight BIDS, Inc demand IA
the afternoon was more maj Aed
In the money market, the supply on call was tree AZ
3Gsaedi WITH liberal offerings later az Hq discounts
were quiet at dot1 for prime commercial nrcepihhc'@,
The Government bond market IA } maintained YES,
ter las . advance but the recent rise was 30 marked
tlOu among investors about extending Tue limits Of
their orders A. tic day wore ou however the market
gaunly hardened, ana with the lnproYement m gold
brisk demand again sprung up, which reelected IN
the highest uOlntt OF thc day at tAc close
The chef Inquiry seemed TO run to lot1s and the
% ~ 1851, winch sold 100 no Coupon l665s new were
also quoted at liWsa lluts.