The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-26
FINANCIAL AND CoMMERcxAL.

FRIDAY. Feb. 25-P. M.-Tbe stock mar
ket further developed the fact that the specula-
ton 10 entirely under the control OF few oper-
ators, who advance or depress quotations at
pleasure. At the opening an upward turn was
engineered for the purpose Of selling At better
prices on the first call, at which time Lake
Shore was made the neurehead, and by heavy
pressure Of sales the whole market broke n to
X cent. Western Union, which had risen :.
TO 72s., was thus forced down to 71H, and Pacific
Mail was also y cent lower at 3Oii, having
opened at 3D. Lake Shore, which had been per
mitted to rise u to 6i,s, suddenly yielded to 03K,
ana the st. Pauls, as also the Northwestern
stocks, sympsthlzed with the downward move
ment to the extent Of y to y q cent. An irreg-
uiar market was later observed, but there was
more confidence 10 the Anal dealings, when tho
best prices Of the day were generally established.
The sale of over 20.OOO shares OF Lake Shore der.
ing the morning, by brokers heretofore regarded
as IN the confidence OF Mr.. Vanderbilt consider
terpreted as fttse, which will explain the Liter
purchases Of this stock by both large and small
,2Gs lbe result showed an ad
time moved up to ~, and Pacific Mn to 8iX.
me Norihwesterns we're up to -, and 64L for
Paul to 43k. Union Pacific assisted In the
morning stampede By quick drop OF 3 q cent.
" CON, but u subsequently jumped to 6sL, seller
8, and closed at IS Michigan Central was X bet
ter at the close at 81 Ohlos 4 at IN, Hannibal
ranged at ii5%aii5% Rock Island SLAM liz cSSioS
NllOS while Quicksilver was sud- enlv brought
Into activity aud sdyspced X and for TIC
K !, and ssD ny E but closed
the total number Of shares dealt In was l7s,-
S0s, Of which Lake Shore represented So
@ western UIniDn sss Pacific Mall
I,,S@; Erie, 800; ROCK Island 1,S2S; s.
gsn toI SsG re preferred; zoo; Michi-
lWO Obios, 1890; Quicksilver. 800 the pre-
ferred. 1900; st. Louis, Kansas CITY and North
S York Central So New jersey rfS Cen
trail, sos Missouri Pacific, 800; Delaware, Lack
200; Harlem, 200; Hannibal and 81. Joseph, 200
Morris and Essex, 900 /; us. Express, "a; Wells.
Tue gold market opened strong on cable ad-
vices OF trouble on the Pans Bourse, and the
| purchases for the account Of foreign bankers,
but the orders TO buy were distributed In small
comprehended until near the close. There was
| reaction 10 the afternoon TO 1885, however,
when the fact became known that the Senate
had passed the resolution incre sing the amOu unit
Of ~ per cent. ponds to $500 0OJ0O0, and extend
ing the time OF the same to ~ years, but q rally
| TO ia succeeded.
The following were the principal guotstions;
ioA N'V"iul}. ,JJ:S5 AN ii.H S.se 4. M...llIs5s
iiSO A Mia i;iS A. NJ. ..iia5. 500 A. G...in
lcsS. ne rsss g.s for having balances carried
III. iois ciesTnss a, the Colo Fsch,ps. Bank wcr.
s ssId 6 T 500 snd sgrsHey e o
In called bonds and paid out In interest the pub
lie debt $4,000.
the d.y'. bushes ss the .. 8. saoTrss.gry wa,
%, hasncs tio.6ol.797s 81 currency receipt, t5O3
th2lOi do payments, t53a, 598.pS DO. balance,
| esq 285 ISL OF. Gus oms t2l6,UOO
T1s internal resenqs AND tue custom receipts footed
eeiyed 100000 in nationa bank notes f-r reGemp.
| tiun
Foreign exchange was reduced 90 $3.50 and "a 10 for
| inal.
Money ruled very easy call at 2ifaS 2 cent. on
stocEr at the cIo.c. discounts continued 4iyt1oe
There was considerable actvty In Ggyernmen, bonds.
with nslght yielding 1865 1877 natural
salt Of the scnats action to-day alluded 70 elsewhere
Tue market clio steady however. with nnal sales of
| registered and coupon 1909 123k coupon -4Os
| l2l3t and coupon 1875 at 1215S.
| 1ue following were the 8 L. N. closing prices: