The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-19
FINANCIAL AND COMMERCIAL.

FRIDAY. Aug. tsp. M.-There was q
perceptible increase 10 the volume OF business
at the Stock Exchange. but the dealings were
principally confined to Lake Shore, Michigan
Central. Delaware, Lackawanna and Western,
the St. PauIs, Western Union, New jersey Cen
trial and Rock Island 10 the order noted The
bears had the best OF the market. aud were In
duced TO press their advantage on reports Of
nnsncial embarrassment among the main sup
porters o the coal roads and Michigan Central.
This story was subsequently contrsdicted, but
the steam on tho downward turn VS. so fully
set in motion that the zorro ooration OF denial Of
the report was Of minor Significance. The ST
dash was made against Delaware, Lsckawanna
and Western. Michigan Central, aud st. Paul
preferred, but later extended to Lake Shore,
Western Union, and New Jersey Centrsl-all Of
which yielded to persistent attacks. The last
named declined to 59., while Lake Shore
touched S3t4, seller 3, and Western Union IN,
seller 3, at which figures 1t closed. Michigan
Central was Il. lower at 4o'., aud Delaware,
LickawannI aud Western cent. at gaA. st.
Paul preferred also fell on to 6s., and the com
mon sold down to 36A. Rock Island appeared
to hnd buyers at LOO. and the NOrthwesteTns
were comparatively steady on small business
but Erie was weak at Ia. tlt'., and Ohios at
tracted more attention al 49,. dl3 . Rl3a, buyer
3. There Is little ith placed Ia the recuscita-
ton Of Ere, and the squirt Of two days ago mas
apparently lied out.
In reference to the general market, very little
additional need lie stated. The Ue IRISH element
Ia more pronounced, and, In the continued
absence OF so mans ooerators. who, when here,
manly direct the volume ~ speculation. no
active campaign on either side OF the account
houd be expected. Inc daily operations are
confined to the smaller class OF spectators,
who easily whirl the market no or down. accord
ing AS the best chances Of success seem to pre-
sent.
Tue total number of shares de at in was. o.
4ly, OF which Lake shore represented 2l,3i1
Michigan Central, afn; Delaware. Lack savanna
ana Western, 1915; =. Paul. 3iOo the pre-
ferred. 900; Western Union, 7.30J; New jersey
Central. 5,ss,; Erie. l,loj; Rock Isl ma, 2.3lj;
Northwestern, lu5; the preferred, l,lOl; Ohio-.
VII r FsTSS YAH ExrS 90 rscn St NSIoas '
SA; Delaware and Hudson Canal IN; lilinius
Central, 2)O Producer Consolidated Land aud
Petroleum Co.. 30; Union Pacific. 100 [. :.
Express, HOO Chicago ana Alton, lOO; Illinois
Central, 10; Hannioal ana - Joseph, lOOj
American. Express, ~ Morris and Essex, 81; and
In the gold market, heavy tone chmacteriz'd
the operations. here was, however, an az
sence II speculation, aud aside from few
spasms OF activity, the market ruled dun and
without feature The early price was Ill but
there oeing no supporting element, IL yielded
to llJ-., aud finally closed at llU1..
The oi OWING we're tue orln I'D n tran,acuons
1919 1919 g. $50 + NM..iiiiSSss
In ans the rates paid for having balances carried
we're o. ~. cent, and nat
s2aSii 900 q O4ancs. 81 o3 100 -nd currency 9,l
"a called bonds and paid out IN coin interest on lie puI
The days business the United states Sub Treasury
Gold receipts. ta9SS09h2 gold payments t565,.
2S127 gold balance, tbS,A5Silbf Currenry receipts.
&3l7 ,l24l4 curreney payments, sSolt b62 80 cur
rency balance, tSS,uj3.ON1 ~ customs, S3ib 900.
The bullion In tue Bank ~ England was Increased
$4,000. Tue internaI revenue receipts AZ Washington
to-day we're t5OOOo and the custom receipts 5000 OUO
The Treasury al Washington received 5000 90
tIona hank notes tor redemption.
nons Of q 81 and .. sSs Tor tine and Gemaad drafts.
There was more Inquiry, however for bills Tor mercan'
| tile accounts. and the market closed strong.
| In tue money market loanRuie FUNDS were freely
offered on call at 2Sls c"nt wnere approved stock
collateral was presented. ana dealers ia the nation u
securities mt their requirements Al l92. The scare ~
OF nrstclass commercial paper rendered the DIS.
count MARKET quiet but the range continued a. 81
| with exceptions Al 4ie90.
In Goyernuent bOnds the cents were strong with
agood inquiry, bat the ~. ruled heavy aud SHADE
| lower.