The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-12
FINANcrAL AND comMERc1AL.

THURSDAY, May 1t-P. M.-The stock
speculation opened with an improved tone, but
soon yielded under the persistent attacks of tho
bears, though later recovering, and in the Anal
transactions recording the best figures Of the
day. The market at times was characterized by
considerable excitement, but the street circles
were unusually free from influential rumors. A
majority Of the operators were much puzzled
by the fluctuations Of the day, which, howe yer.
developed nothing moro than brokers' mar
ket The chief danger to the shorts appears to
come from having oversold some OF the leading
Thousand shares to the more readily con-
troll the situation for tho hour, be-
cause the smaller bears hasten to cover
When this timid element has iiuudatec, the
market drops away again Lake shore opened
at b49. advanced to GA. then declined to b31,.
seller 3, and closed at b5b. The deliveries OF
this stock were slow this afternoon, which gave
rise to the report that holders had called in con-
siderable amounts. Michigan Central sold down
from 49, to 45[, but rallied to AN IN the nnal
trade Western Union ais fell OF from 66s to
65. but later recovered to the early figures. The
ST. Pauls were y and y lower at 378 and G3'l
with subsequent reaction, and Pacific Mail
s3A, but closed at o4N and Delaware. Lacka-
wanna y,s. and western ranged at lOCG1lc'. eleGf
Ols. and Erie at b1s4l5A.
The total number of shares dealt In was 49,
Wes,Srn WSion. asso S? Psc,,e ms sso .o ErIs
t2D; Michigan Central, $50 st. Paul 2,+O the
preferred. 7.l4O; New Jersey Central. 1901 {;
Union Mining Co., 200 Delaware, Lackawanna
and Western. 2347 Northwestern, LOO: the
preferred. $50; Consolidation Coal, 400; Della
ware and HUDSON Canal, S2; Morris aud Essex.
go Union Pacific, 400; Producers Consolidated
Land an 4 Petroleum Co. S0 (; Hannibal and st.
Joseph, 800; Rock Island $50; Cleveland and
Pittsburgh. 23g; Wabash, 80 Fort Wayne, 100 !;
N. l.. and NJ. Co. Irefened. 100; United States
Express. 10; ST L., X. c. and Northern prefer
red, 100, and New York Central, 81.
The gold market was firm great portion Of
the day at an advance from 1l2A to 1l2's. though
closing at the lower figure. Inc specie ship
ments were about 100000. and the fact that the
treasury declined to pav out silver ON checks
temporarily stifened the prlce.
The following were the principal quotations:
1000 a. Mick I'LL 4 M...il34 2;5S T. n 1l94
lll0 A. M..1l2As 1889 r. NJ. ..ll23s 500 T. M liz
In losns the paid for having balances carried
were l. Ia. 2, and 3 cent, and nat.
The total cearlngs at the Cod Exchange BANK were
snces, 81 o352li The subTr,asury redeemed <SJUOO
IN called bonds and paid out IN coin Interest tne pub
The mess ct the United States subTr easury
was; Gold receipts S42s Dol 10 do payments, sac.
7alg 90. balance t42.5S5 ,gj4 - currency receipts.
tsSl5ip ~ no. paynents. tbSl.sJiu9 do. balance.
t35. 5s4 lis 90 customs. az 900
The int,rna revenue ano the usoms receirs footed
M t5nOcn each. the Treasury Washington
$4,000 IN national bank noies for redemption. 1nr
curing the pact week 1uc specie ~ the Bana OF
France Was increased 3os 600 francs during the
period.
Foreign exchange was duh hut strong AZ % ssLaa
T. 0oia for Go dave and dem nd oils r. pectveN
In me money mIrkc. loans were feely tncred on
ca NJ Sai cent WIN una negotiations al ~ ID q
counts we're neglected.
Government bonds reflected small business THOUGH
the market closed arm consequent upon the GENERALLY
strong tone Of Vod. The principal tau-Actun, Ntrs Ia
l040s, coupon lsG5a. new b. OF 1851 anu Is5s. oa.
1ne iCaoNlng were the 3 A. 81. ClO Ing prices,