The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-01
FINANCIAL AND CoMMERoIAL.

THURSDAY, Aug 81-P M.-This has been
most emphatically day OF surprises at the
stock Exchange. The market opened strong on
generally distributed business, and prices ad-
vaDced y to y v cent. during the first half hour
OF trade, but at the call weakness was devel-
oped In St. Paul common, under "A persistent
Offering OF stock which impressed, to a greater
or less degree, the remainder Of the list, ex-
cepting only Delaware, Lackawanna and West
ern, and New Jersey Central, which were sus-
tanned by the standing orders to cover outstand-
ing short contracts al a price. During the re-
cent rapid decline in the prices of the coal
stocks general stampede was averted by the
systematic support of Rock Island, Lake Shore.
and Western Union, bur at the moment when
the weak spots evidenced an outside support
the tension was relaxed and the immediate
effect was a rapid decline In almost the entire
list Of carrying" stocks. After l o'clock the
rush to sell partook Of the nature Of a mInia-
ture panic. under the excitement of which
Lake shore was quickly marked down to
&4: Western Union. bo5s Rock Island, lGA I;
Northwestern o. do preferred 90. G., G.. c.
Paul ~. 10. preferred "a, Ubios Ia. Pacific Mail
-, st. Louis and Iron Mountain leh, ana Uuion
firmly held at &s, and Delaware, LacSa-
wanna and Western at about ~, which fact soon
checked the downward tendency. aud turned
the retreat into well ordered advance move
ment, which continued up 10 the close OF tue
bOaId, ana recorded. IN some cases, Tie highest
points Of the dht. 81. Pau preferred, fur In:
stance. selling at UA, Northwestern preferred
CO.,. Delaware, La kawannl and Western siA.
Delaware ana Hudson Cana d1(. Michigan Cen
trail Je3s New Jersey Central Al, Pacific Mail "a,
aud Western Union 6eA.
Tue operation throughout was master
stroke. and will, in all probability, develop a
very largely oysTsOld market, particularly in
those lines which have absorbed tue attent on
Of the public for some weeks past TO the eXclu
sion OF many Of the more commonly active
shares.
nj daalf In
ga; of which Lake Shore represented 5000;
Delaw are; Lackawanna and Western, A1o5;
Western Union, l5.N5O; st. Paul lh.AJO. the pre-
ferred. sl35O New Jersey Central, ss25; Michi-
gan Central. 1900; Rock Island, 1870; North
Tssss @ ss pEff ar bs 9SSs; s SsG
Hudson Canal, $40; C., c.. {. and l., 400; Atlantic
and Pacific telegraph Company "a; Illinois
aud Iron Nouniain, 800 Union Pacific, sSi =;
Harlem TO; HANNIBAL and So joseph preferred,
100; n: l.. end NJ: Company, looi New York Cen
tral, l0; Pro-, Con-, l.. and Pet Company, 100;
aud Ohio preferred, Is.
The gold market was subjected 10 a sudden
of l09,, but liter in the day recovered to 10,
and closed strong at thar ngure bio In view OF
tue payment of the Government Interest L Iday
II can hardlY be expected thlt material ad-
vance will t3ko place. although the tone vi the
market Is decidedly lower.
rhe folowlng were the principal transactions
iiSS ~ H. i i zig G2 MIo ' $50 H.. io
In Loans the rates PAID for having balances carried
The tOtal earlnss a, the uold ENchangu BANK we're
E5SV s IA uS s Is eSI sGS SIFsC s
IN cal ca hou4s and paid out IN coin interest on tue
punlic uebt sisOO
The da, business at the Uned States sub reaGury
was Cold receipts, ts30 sO.5i gold payments, tl5g
$50. lOa balance sJJdg4, 1J1Ol CuTrcnVN Teccipts
.sd2 $500 currency Pay men.,, tSyS 1870 cur
The intern i revenue receipts al Warrington were
tS3S,0O aud the customs receipts tSO1OOO. 1ne
Treasury at Washington received $4,000 IA national
bank Il trs for redemption. Tn bunon In the BanA
of England was decreased Alo5OOO during the past
XII ,O
gained on balance to-day R277 600.
Tho mon market continues TO rule easy, call loans
being affected at Nv 70 cent while the best mer
cantile names are readily taken Al adt cent.
Ine rates Of foreign exchange reduced - cent
10 ts1 and ,4sV Tor prime BANKERS 6O days bills aul
short slght respectively,
In the Government bond market the trading Is con
nncd chiefly 20 the issues 1868 G7s SIS, anu O,
OF