The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-15
FINANCIAL AND COMMERCIAL.

THURSDAY, Sept. 1i-P. M.-There was
an active and excited speculation at the stock
Exchange. and the more confident tone noted
during the past few days received further de-
velopment. The rise In Lake Shore appears to
have alarmed tho bears In other stocks. so
that during the afternoon there was a lively
scramble to cover short contracts, but the Of
fort met with only partial success. The advance
In Lake Shore was2 y cent. to SIN, aud the
steadness with which this stock moved up
finally frightened the shorts Ia Delaware, Lack
awanns and Western, who quickly rau up the
price to 10 at the close, without obtaining much
stock. The bears have realized such large profits
during the recent decline III the co shares
that they have not operated lately with heir
usual prudence, andSecmed imrued with the
idea that whatever tnev attacked must OF neces-
sity yield To their mdnipuldtiOus but this over
weonine confidence was consider. bly shaken Oy
tuis afternoon operations. Delaware, Lacka-
wannt ana Western opened at 7iL, win quick
drop TO ~, nut from this pOiul, VITA the ox-
ceptiOn of few transactions at "a. -el.cr 3, and
~. seller 10. II actv Nv rallied to r. wnen the
bears. In their efforts to purch ise, gave tho up
closed at 7s. New Jerse1 central Opened
strong At % and quickly jumped t. 2S., out 1t
subsequently, troke away To -. seller 8, on re-
ports tnat the $5OO00O0 loan had not been nego-
uated. though later. In sympathy with the
strength ~ tue remainder II the list it recoy-
cred to 2dls, but closed at 20, seller 8. Western
Union was indlfferently SUPPORTED durin, the
morning, with drop nom IN To i0ys,
later transactions. ana closed at II :. he West
ern shares were favOrably affected oy the pool
ing arrangements entered into AT 81. Louis. and
aludeu 10 this morning; me increase IN tho
net earnings Of these roads will amount to near
" % cent under the new CON .act. and tins
fact Will explain the rise OF q ana q y cent. in
81. Paul common and preferred fesprctiveiv, az
well as the advance OF :. To lOos IN 1ck l.lane,
and = TO d2I Ia Northwestern preferred. OnIos
also LIED To ll5s, md Michigan Central recov-
cred from 40h to AK, though CLOSING At AZ.
Ere WIS y q cent. better AT l0A. nut Pacinc
Mail seemed 10 be neglected at ~. d:s.h. Della
ware anu HUDSON WAS activ ly tr .ued In. and
took a remarkable jump from 05'. to IL At the
close, while at the same time Morris aud Essex
attracted attention by Its rise Of u Joints from
n TO " on transactions 81 less than GU shares.
a6ash ranged at "a G2js, and Harlem sold
at l3s.
Inc movements OF the marke, TODAY !ndi-
Gated that the bear campaign Is over for the
Present and the chief anxiety now seems to be
To- cover up short contracts with the least posi-
bic loss.
lie total number of shares dealt in was PA 9s8,
OF wnicn Del ware. l. ckawanna ini Western
represented 6t.2d; Lake Shore, 5yOS0; New Jer-
sey Nentra', S.'sJ; Del ware anu tiuson Canal,
1857 Michigan Central. s.4iD Erie 500; Rock
Island, 500; -. Pau. 500; tue r,ferred. 3,73j
Obios, LIS Pacific Mil, ZOO; Wabash, l,-UO (;
Northwestern, elJ; the preferred, LOO; Umun
ldcinc. 1jJ Consolidation Coal. 30; HANNIBAL
syvAnia Co =, 2ji; New YORK [ ntral ri; Har-
lem. 100; Atlantic and Pacific Telegraph Com
piny, o.; G., b. aud quincy, Is; G., c.. g aud l.,
o. tieNel'nd anu Pittsburgh, ~, aud United
ates Exuress, p.
the god market was exceedingly dull until
trulied the operations. and the price advanced
TO llOis. at which igures II closed. There were
not, however. any special features presen ed,
anu the movements OF the Syudic. te continue
to be shrOuded in mystery.
The fol owing were tie principal Transactions.
1000 4. MILO l24 7 Milo 200 +. N. lio,s
ll5 +. .llO's 1880 p. M....llols 500 L. M..1lO,s
In IJans the rates PAID for the ue OF gold l.
., ~ aId 3 y cent.
- tr, Z ear,nss at the Gold Exchange Bank were
a. '5dj uo1 goid nAlAuces, tlo-lJ5o. ald currency
bIla Ger s2ouaNl2
Fac aass lu-ne.s At ne United states su5 IRE gsury
wls: cod receipts, ~, 80, du. payments. 500.
bs3 80 de- taauco t3s 1913 200, curtcucY .pt. ;.
ASA go - 40. payuehts. $itO.jjU q balance
a. II ul5. -. Customs, siSS tu1.
The m ernt revenue rec .pis at Washington today
SER $50 100 ald the CUSTOMS iecrips t5iNuot. TIE
Treasury a. Mash,ngon received Ill 700 ia natiuusl
LAX no e. tNr redemption. ihc specie tue Bank II
NeeN. Tue button IN tue Bank Of Euglad wa in.
oiei.ed 1000 ourue the period, Ae s.l4 ~
Gay uaVla. been Alt5.t W.
FOREIGN exchange ru.ed all ami heavy a. 50 and
81 .sSlg tor time an demand unls r~urDtycly. y ia
tie sc.lng IA ~ ~ "a AJssi $50 aud iois al So
There VAS nothing ueN m tht money lu.rNi. Bruk rs
experienced NJ Dinlcu.V Ia meeting their require
urn's nt ltl4 e cent. - auuum on ctI ioAas. aul
dis cunts Yves aisD easy AZ Jsi for prime signature
Win exceptions ~ kS5.
GDyernuf mr. DO d. maintained strong tone. ard the
inquiry from nn4,cit tustitul L. tue tucI
| Tue volume OF uurlut H. however, Was ngut ~ The
! bOaras out tAt couul.r trale cOAtiuucd active.
I.e following we're the l.. 81 clustng prices;