The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-24
FINANCIAL AND CoMMERcIAL.

TUESDAY, May 23-P. M.-The operations
at the Stock Exchange developed an Irregular
market with tendency toward lower prices,
the only strong stock having been Pacific Mail,
which rallied 81 . cent. to HI, In view OF the
success Of the opposition In the recent contest
for the control. Western Union, however, was
strong In the early trade at an advance OF v q
cent. to 65J., aud Lake Shore was also n better
at b2h but the liberal offerings OF the last
named, added to vigorous attacks upon Michi-
gan Central and New Jersey Central, soon
hnal dealings reflected feverish and excited
market. The critical condition of Commodore
vanderbilt was the chief cause of the uepres-
sion, though the daily realzations II out OF
town holders have brought more than the usual
amount Of stock upon the market. Late
IN the day teleKrdtns were received
that the COmmodores symptoms were more
alarming, which will explain tue Offering Of
Lake shore at 5ls after the Exchange had
closed, the lnal price at o'clock having been
bly,. New Jersey Central opened at 81 seller
3, but II soon sold down to 7pt. though subse-
quent,y rallying to 49, aud closing at s1a. Della
ware, Lackawanna anu Western was in the main
strong, aud after submitting to decline from
lBk to l23s, rallied h cent. and closed at
1t1A. In Erie the transactions were less promi-
nent, with fluctuations between 1877 and 1885,.
Central remained steady at 10, 5tIl0; ana the
only other stock OF interest was Panama, which
rose y cent. to 14O ON business Of 80 shares
The following are proposed for the new direction
Of the Pacific Mail Compiuy Chas. q. Franck-
Ign, Henry Hart, 5; c. lhompson, Andrew Board
man, Edward A. Quintard, Charles II. Mount, II.
h. Ihurber, Jeremiah Miibank. VIM. y. clyde.
The total number Of shares deslt In was Ia
l5s' OF which Lake shore represented t.12O;
Pacific Mall A45O; Western Union. $3.50
Michigan Central 64ll Erie, $500; St Paul,
80; the preferred, $3.50; New Jersey Central,
6,ST Union Mining Co, 21O New York Cen
trial, SA; Ohios, 800 Union Pacific, 40; North
Chicago and Alton, 90; Missouri, Kansas and
Texas, 300; st. L., X. and N. preferred, 500; Pro.
Con. Land and Petroleum Co., 100; Panama. 80 (:
Rock Island. $50; Norris and Essex, I5s; Della.
e. -''' - - --N'''s''
The gold market assumed a 6rmer tone be-
land ON the Turkish question, and the covering
OF the shorts also strengthened the premium.
advanced to l2h, though closing nj 1l2r. The
specie engagements for tomorrow foot up
The following were the principal transactions,
ii LIS aiiiss isi iS iiiisss $5s MIiiSE
In loans the rates paid for having balances carried
we're ana 2 cent, and for borrowing. 1 y cent aud
The ,o,a clesrings at the Gold Exchange Bank were
tldAiio1 gold balances. f57s,si2; and currency o,.
nees' totoses me snn'Ireasury redeemed t3dO0o
public d, n ;,s.DOp.
Tie GAYS business at the Unted States sub-Trcasury
lb.'S do. balance tiu,7 iUidl6 currency receipts
sSG47isspos custom. $1,000 '''''' 10 oA'SH'e'
The buhon IN the Bans OF England was increased
tOOOlO and the customs receipts 100000 The Treas
ury AT Washington received s60OOOO IN national Dauk
fsIesn tEcAalse ruled dun and quiet at s4ssS4 and
la the money market there was a liberal supply of
loanabe funis on call at as2ls cent. but Ia Dis
counts there we're scarcely any negotiations. The
Goserngeut bonds were in better request. and the
pries sds :, snd ), Of ISL is5Ss cS as r SS
a ID A,