The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-16
FIHAECiAL avn ComMBKoIAL.

FRIDAY, Sept. Is =. M.--The operations
| at the Stock Exchange reflected a lisely contest
| between ths bulls and bears, with more than
the usual shrewdDess displayed. In yesterdays
movements the bulls successfully carried the
dav. tut some Of the bears also bought heavily
| OF l. Ike shore, with fair amount Of Delaware,
| L1ckawanua and Western, which thew threw
upon the market this morning, and thus sue
ceeded In reaction OF 81. v cent. In the last
named while Lake Shore yielded ut the same
time from 4h to 81 Those opot ating for a de-
c'ine wers greatly assisted by reports that apDli-
cation ior a receiver Of New Jersey Central bad
been hled. TO which was added story, subse-
quentiy omoiallv denied, that the company was
packing up It's books preparatory to migrating
10 new jersey. Under the Impulse Of these
ruinors 1t was not a dinicult matter to knock
down the price OF this stock from % to e0,. be-
fore midday, while at tine same time Western
Union declined from ia to T07., because of a
reduction OF rates by the Atlantic and Pacific
Telegraph. as announced IN this mornings ad.
vertising columns. During the depression the
st. Paul stocks suffered a decline Of IA aud ,. for
the common and preferred respectively, with
drop in Northwestern preferred also Of ~ to-
61As, and reaction Of :. 10 Rock Island to l05k.
Erie and Pacific Mail. however, were excep-
tionally strong. the former advancing from 10A
to 10H, and only temporarily Yielding to TO- seller
3, after which It moved up ste IDLY to 10%, and
closed at 1875. The occasion OF the rise was due
to the favorable outlook as regarded by Presi-
dent Jewett for funding the pressing indebted
ness VI the company. Pacific Mall was run up
nv the shorts, who were troubled by the scarcity
Of the stock, and the price easily 70 SO to 81 At
which figures Il closed. Ohios we're weak az r.
buyer q dlf1s, but Wabash attracted attention
because OF its activity and rally to 81. In the
afternoon, however. there was sudden change
~ the speculative current, and un1er the leader
ship OF western UDion, wnich recovered D
cent. To ~. buyer .. the general Market Ms
suined more confident tone, with rise In
Like Shore to 63A.. while Delaware, Lackawdnna
ina western was IL y cent. better at TN, and
Delaware and Hudson jumped from ". seller
60 and G54. seller ~, t. "a under the rule, nut
closed nc II. Michigan Central, however, was
heavily sold by parties heretofore identified with
It's rl-e, which Will expl in its break from Az
closed at 3gal. New YORK Central fell away from
lO0s to lOi&, on reports that Comm odore v. u
deroit Was worse; out Morris aud Essex ad-
vahced FROM Is for small ints 10 81. The dual
figures ~ Yesterday. Panama brought l2s, aud
Harlem l37. Union Mining Conway surpr.ei
onerators, because OF selling at "a as az Inst
tlbtJSl n share IN urevIpus tr .nsucu0ns.
Tue ieeiine In speculative circles IL decidedly
IN favor OF hRner prices. Tue prominent bears
to day made desperate attempt TO reg In their
control over the market. but the tide had
den w turned. nd suostan tai SOCKS nave re-
ceNeu more outside SUPPORT during tue past
FEW days than has been observed In many
weeks. The pooling Of earnings by corporations
west or chicago Is the nfst indie ton that rail-
road managers are returning 10 a sense Of their
Quotations 10 their stockhoiders. ana will be
Followed by similar action OF the East fern trunk
lines at no distant day. Inc market will douot
less be subjected 10 frequent fluctuations, but
tie strength Of tue uuderSurrent - more mark
cd than for a long time past.
The total number of shares dealt In was 49,
lse, Of which Delaware LAckswanna aud West
cru represented $3.50: New Jersey Central, d.
10; Lake Shors, S.tcJ: michigan -ntral, " so;
mestein linton. l57Li; Ere. lilo; 81. r .ul'
Az; the preferred, 1000: Pacific daIl, $685.
OOios, LOO " anasn. 1910; ID, laware and IA ud-
son Sansl, 3.34s Rock Island. l,Od9; Northwest
VI: Morris ana Essex. no; HANNIBAL and st.
Josepn, 800; tue preferred, ~; Panama, 40;
Consoiid ,tion Coal. 100; Cleveland and iILIs.
bu,sh. 2+0; Font Wa, ne, 100; HARLEM, 100; Lii
10; Quicksilver preferred. lOO; ~. l. iuis, X n.
sis Guy and Northern, lU; New York, New
Haven aod Har.fora, IS, and Wells-Fargo Ex-
press. co.
The gold market dii not present any features
worthy n extended comment. There az
yielded from llOs 20 10 under fne infi renee Of
Tue weasns~s Oi exchange aud NO pacihc ad-
wees from Tue Continent respecting the turkish
lhe.oiowins we're the Orincipai rrins,cuo..,
1923 ic A. hMi liz i sS MIC llS
Hsns the rate, PAID for the u.e OF gold we're 1.
Zoe so!., esr.as. at the Gold Exchange Bank wer,
1850, gSia S1~4ee.' slOl3ool and currency
clio Ia rre.t "a ~ puD il. eo' ~ AZ pau Ou An
lac a4,s ou,as.s a. ne DATED states So IRE asary
3,Sls a. bssn,e. .JS I.so'l %; earraeY rrcsipt.
81 ~ isSii Cd't5as $3.50 u.s. '-'-"'''
s "' He m "a , 1g b.. q Esand va crea,ed
,-sY we're sssos" sud tue ,u,onii rec.lp, sSSO'o0.
uo.a . "a noe. fir reecurii6n 80 ""
to 81 sjs aad e. s. Tor uue ana drsiad t'o f-
,,neatuyey, i"e selnS ra'e' were as!t ssi 49, aud
IA ,ne money marSct loanaole funi, were freely Of
u &C. collateral, va. primo cOian. rlai signatures
tae inoye.ni ia e t,ra1ttt sssr,.ies was sfimu.
go - iv., '1s Nv san ~ - 1he ma.