The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-24
FINANCIAL AND COMMERCIAL.

"WEDNESDAY. Aug. 23-P. M.-There was
a very lively speculation IN New Jersey Central,
and Delaware, LackAwanna and Western-a
natural result Of the disruption OF the coal COM
bination on Tuesday, a full detail OF which was
given In this mornings columns. The latter
stock became the conspicuous feature Of the
day, because many Investment holders threw
overheard their shares without regard TO price,
resulting In a decline from elA to IS, though It
subsequently recovered to SgS, but closed at 50
after again touching $50. The short interest in
this stock prevented a more serious break and
large contracts were covered. New Jersey Con
trail received less support, and under the manip-
ulation Of the bears was successfully forced
down 5h v cent. from b1A to 52a. though rally
ing aftsrw ri to 53a., and closing at b3. The fact
that TINS company has been ignored oy the four
the combination. assisted tue plans OF LII oSe op
Grating OF a decline, and unless the short inter
est Is found to he larger than now estimated,
inc price " M touch still lower figures. The real
contest for the next ew weeks VIII centre be-
tween the Phllade phia and Reading, Delaware,
LAckawanna and Western, Pennsyl yanla Coal,
anu Delaware aud HUDSON on the one soe. and
the Lenlgh Valley on the otner. As a result Of
the break up the pr1oe OF GO 10 day oy the cargo
was a. n ton, ns against S. On Saturday. the
combination price. Later IN the day, however,
busiuess was suspended, aud both parties may
POSTPONE further transactions until fler the
$4,000 tons auction sale OF tuesday next. lhe re-
mainder Of the share list prac ically oroke away
I
Western Union, were noticeaoly strong-tne
| nrst named having idyaDced on liberal ur-
| chases from "a TO b4H, whilo the latter WINS Y
better AT IN Delaware aud HUDSON Canal
| however, IN sympatny with the depression IN the
| coal roads, declined y cent, from eO4 10 BY
| seller II, and t.. seller ~ but the transactions
embraced only about 1900 shares. Mich gan
Central and St. P"ul preferred were the ONLY
| otner stocks which attrdci ed attention-the
| former ,nging at A%G4!h g4lts G4lh, and the
| latter selling at OelIbbA Gbbstl. Erie recorded q
| lew transactions 1875, shIie Rock Island ruled
| steady al 1888, aud Consolidated Coal al tO
| Morris and Essex sold at vs., but PIoducers'
| Consolidated Lana and Petroleum further nd-
| vAuced To ll+A. smaii sales OF QUICKSILVER weto
| noted at l3lLl2, and Ohib preferred drought E.A
he total number OF shares dealt IN w. 49,
| 72Q, Of winch Delaware. LtCkHwanna and West
| ern represented 1910; New jersey tentrll Eb,ooC
| l. lie Snore, 2D,76O; western Union, oDu; Mlnn-
tx n Central 0,l5O; ST. Paul pIeierreI, 2IzS
| Delaware and HUDSON Canal, 2,d1l Eiie. 7lO I;
| Palnc OF missouri, co.; IianniD.l and ST. Jo-
| sepb, 40 the preferred, 30; Illinois Central,
| COO; Morris and Essex, AZ; Onios, 500 Cleve-
land ana Pittsburgh, 51; Rock Island, 3J ;
Nurtnw 81 m, 100; The preferred. 400 COnsni-
! datlon Coal. UJ; Mabasu, 2O; Wells Fargo Ex-
press, eOO; Quicksilver 40; Pacific mall, hO
| United States Express, 80; Onto preferred, ~
| Anerc Express. ~; T., G., T.. anu l., 10 aud
| New YOr4 Central, o.
| In the ola market stronger tone was OBJ
| served consequent uDOn desire OF the recen "
| created short interest TO cover. he wlthortwal
of RGOO,cOO from tho Bank OF England for ship
| me To lAsboO,Whlch WAS known early to-day,
also stimulated speculation. aud the price soon
advanced from ll0A TO 100, the bulk Of the
| business having bsen sneoted AT the higher
| figures.
| The toIowiAg were the principal transactions
1000 A. NJ. iloSl lll4 A. NJ. lioJt 800 r. noJt
In losns the rates paid for the use Of gold sers
cent and nat. snd i9r ca .!a a snx .,re
Ihs otS, e,s-ress .. we Al oS - ma Currency m
snces H.asffSs. mo sao.fsasuIy redeemed Sbo0<