The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-27
FINANCIAL AND COMMERCIAL.

THURSDAY, Oct. 2G-P. M.-There was
IN active but feverish speculation at the Stock
Exchange. and prices went up and down with
more facility than has been our province to re-
cord In many months. This WAS partly because
OF the different influences at work as a natural
result. OF Wednesdays disturbance, arising from
the troubles overwhelming the Continental
Life Insurance Company, and partly because
some of the leaders Of the recent rise are re-
ported TO have sold out upon their associates.
Lake Shore reelected this fact, which will ex-
plain its fluctuations and range at Ola ll6li. 30
Gl',G6liGl-, ~ CT 6.1GilGlis o. the named
price appearing t. be the bottom line for the
stock. a. which II closed Western Union. how.
ever. was the conspicuous feature Of the marker.
because Il its rom rGAnlr strength and steady
advance 81 one y cent, IA the face Of 50 much
irlc-"l !rliY ga me other shares. md Is explained
Nv tic fact that "A new pool has been recentlv
rmcd. wlich was uuying It to-d iv's prices. "a
hiSh rs ~. TIE part shrc kuowu to Ice strong
nunncihlv. and the movement rs been ID
upou lhrfe Increase IN business. very nliur NV
growing out Of the Cen'enui ] and Presidential
election requirements, added to an important
short interest.
Michigan Central during tho morning took an
upw.rd turn from 49, to IL. nut soon fell back
10 4ga4 again. though from this puin' II qui XIV
rose To 5i2. Il the same time that l. he shore
reached o.; the buoy nc of hutn having been
stimulated by the fici that the Cana Ia southern
Grand 'rruns, Lake shore, and Michigan CentrIi
Railroad representatives AT "a meeting to-day
had decided upon material advance iu Eastern
bound ireichts from Chicago: and had deter
mlned upon int note to the trunk lines ask
ing for their COOPER ,tlon. This, /, Is believed.
VIII prove tue initiative OF a general advance ~
Hegnis, and thus terminate foolish aud sui
cidll war: Expectation that such action would
be taken has been already foreshadp owed ia these
columns Delaware, l.ackawanna ami Western
at the nrst board made show Of strength, and
rallied from 7G', t. TX, but on announcement
that the cOH sale to-day was less favorable ia tts
terms IN N Yesterday, the bears, who d
been endeavorins to break the market,
pounced unon this stock. and succeeded
tons at 15'. The 81. Paul shares were
hrmer IN the early tr1de at a rally of :. and ?.
10 80 and 5sAs Tor the common aud preferred
RESPECTIVELY; but they took a downward turn
IN the maj hour Il business. and closed at "a.
and a'E, the lowest POINTS of the dav, because
II a report OF further decrease In earnings
Inc Notthwesterns, IN sympathy hut on very
limited business which reflected indifferent
supn!rt, yelled from jss 10 b. and from G26
To dl'S, though both classes Of stock had pre-
vously advanced aud y Z cent. each, and
closed Z cent and : better than AZ the open
Ing. New jersey CeLtrll, before midday. huc-
tuated between &a. seller 3. anu 81 but after
ward feil away TO 49,. though closing At .vp5.
seller 3. Erie was week ~ Ilaall. and New
York Central steady ~ lpi glOi LlOi q, while
Pacific Mail dropprd from - to2t'4, closing II
% the opening tlsures. OhiIs ranged at II 10
I'M and the preferred SOLD a. 10 with sunll
los ~ ~. wabash advanced from ~ to ~,
aud Hannibal ana -. Jo-eph preferred hrou.nt
~, we common uelHt qnlel At 10 INK.
ne total nnnher Of shares dealt m VS. 1al.-
weston Union, hl,s1; Del ware, Ltckiwann,
and western. 2ilbD; icnigan Ceniril. lhfeO: ~
iaul' 15M; tne preirrrgd, logr; Erc, 400;
wabash. L5pl; Nouhwestern 2nD; the pre,
ferred 2.du; Rock Island. ~; Delaware and
Hudson. $40; II nnihal M i.Jusc h. 5IO; the
40; the preferred. i2l; Union Pacific, 4Ol; Al
TN ana Icrrre Han e, ~; me preferred, 100:
lM; Fan una, 100. II. Louis aud Iron Mountain,
~ -. L., &c ana Northern rrcfrrtcd, 81;
New Jersey Railroad, 70 and Weils-FAr.o TX
The gold market was devoid Of special ,ignin