The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-11-03
FINANcIAL AND COMMERCIAL.

THURSDAY, Nov. 2-P. M.-The stock
speculation was a greatly mixed affair, and
operators seemed to be governed In their
movements by diverse aud peculiar views OF
their own, without any apparent concert Of
action. The transactions were almost exclu-
sively confined to Lake Shore, Michigan Cen
trail and Western Union, with more than half
OF the business OF the day recorded In the 0rst
named. The adjournment yesterday OF the
railroad representatives Of the trunk lines, sub
ject to a call Of the Chairman. but without es-
tablishinR a new tariff. very naturally exerted a
depressing influence, and holders OF Lake Shore
commenced throwing overheard their shares at
an early hour. which will explain the
decline from 57k to son. From this point,
however, on purchases by the bears, there
was a rally to $50. but heavy sales In the
final hour OF trade carried the price down to
55a.. the lowest figures of the day, though after
ward rallyinR TO 56H and closing at 56% Mich
igan Central was at the same time sold down
from 49,. to 45k. aud ~. seller 60; but soon
Jumped 70 46h. after which 1t again touched
An, with late dealings NJ 457s Yves ern Union,
Tor some reason not fully explained, during the
morning moved in sympathy with the above
shares, and ose from II y to ~ hut again Welded
O. IN, with CLOSING sales at ~. Wabash adj
vanced to 4, notwtth standing the fact that the
old directors have called meeting for Friday
to contest the legality OF the election OF tho
new board, but the reminder Of the list at
touched lOiS aud then rallied to lO2, but the
Western shares were iien " traded III, aud Pa
| ciac Natl ruled steady AT 2i'.@24A.
There IL much INDIGNATION because the rail-
road managers 40 for ignored the wishes Of their
stockholders as to postpone a settlement OF
their differences, and u Is possible tnat the de-
cided expression which has been called out by
thoir farcicll proceedings may lead to wiser
counsels and maturer Judgment.
The total number OF shares dealt In was 1881
2ot Of which Lake shore represented S.A2;
| Pacific Mail. 5000; Wabash. 1900; Delaware,
Lackawanna and Western, 3,SO st. Paul, 200
Onios' lOO Nurthwestern; 90 tue preferred,
| Loo; New Jersey Central, gU; Erie 40; Rock
~; Hi,o1 and ere Hsate. los ca Canton G" 100
| Delaware and Hudson Canal, 100; Hsnnbii and
ST. Joseph, 100 Pacific OF Missouri, 100; st.
| CITY and Northern. 100; ana New York New
Haven and Hartford. Gi
1he gold market reflected dun speculation.
| and the price opened NJ lCA'a Us agsinst 10 At
the close OF Wednesday, because OF more pacinc
| auvices from the Continent. there was, how
| ever. temporary rally to ln'. when the story
| early promulgated that turkey bad signed The
| six weeks armistice was cOntI addicted, but the
price closed at l09k
The following were the principal transactions:
1871 iIS a.iSS' s s:S iiS Ss
In loans tse rates paid ios having balances carried
ssd o oA9S Ss s@s eo5Gr,qSy
V ~ called bonds and paid cut In com Interest On me
Tie d's business at the United state. Sub Treasury
US 200 sd rsss f Ks c P4ye2's 1ecbS
tAI4bl.3f currency paNlncuts $40 ISL 90. currency
hAianCc. -. .SJu 10 Customs, tftN OOl.
1ne intern revenue receipts ~ Washington today
were tSip,ptO ana the customs rrCelDlr t3uUpO Tue
Tfrasury also received tJOOuOJ national bank notes
Tor redemption. Tue bullion the bans Ing laud
was decreased $4,000 during the past week.
Foreign exchange VS. dui. but STEADY. at a. s1iu
ana 81 Stls Tor time and demand 0iils i,sDectiyey
la the money market tnc early NEGOTIATIONS for cali
loans effected ~ cent, Dut frequently on
more liberal on rings lhe rates reduced to S,s
| Prime commercial paper Was Ia request at OIL.
Government bonds reflected more length bogus
drspaiches the sultan had signed wctks'
tlce but denial suhscqu sntly received, aud
the market suos ded into quiet Coupon 1905, ui 90,
sofa ut 10 and lluil coupon 1875, ll6 1874
registered D. Of 1851, il3; currrAcy 6s l2ih and
registered ii.s, 1891, ma aud II ~
The following were the closing prices