The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-25
FINANCIAL AND commERcIAL.

"WEDNESDAY, May A-P. M.-The stock
market partially rallied from the depression OF
the past few days, aud under the leadership Of
Lake Shore and Pacific Mail, which advanced
II and 3 cent respectively, the remainder Of
the list assumed hrmer tone. The announce
ment that Commodore Vanderbilt was more
comfortable this morning induced the larger
shorts to cover their contracts in Lake Shore,
well a IN some OF tho other shares, while
Pacific Mail was further marked up IN order to
make better market on which to sell. This
unloading process commenced when the price
reached 2sH, but II subsequently broke to % on
free realizations, and closed at 26k. Delaware,
Lackawanna and Western was y better at 104H,
but later lost the advance, and New Jersey Cen
trail rose to S}le, with bDal transactions at H.H,
seller B. Michigan Central rallied IL to 45s,
wi a reaction OF at tho close aud Erie Was
y better at Hs, though declining again to l3&.
New YORK Central was steady at ITO. hut Union
Pacific dropped IL to bSA. Tue other shares
were not prominently dealt IN. and the market
generally closed steady. though the break In
Pacific Mail above alluded To created for time
quite feveush feeling. The advance was
.inly due to the purchases 81 the bears, who
had heavily sold the market yesterday ON the
uut voTable reports respecting CommodO
Vandcruiits condition. Western Union RANGED
at 65', tt65's 5Gd5l. q SlQtG5, but Was not other
wise specially no iceable.
The total number of shares dealt In was 1A.-
TG., of which Pacific Mail represented AGO;
igan Central. $3.50; New York Central. 2.1e! /;
Delaware, lackawanna and estern. 7.a5 Ere,
500; y; P.ul, i2n the preferred, i5GO; New
Con. Land nd Petroleum Comoany. $40; Quick
silver, 90; Hannibal and st. Joseph, 80; Della
ware and Hudson Canal SO; Union Mining
Company. 40; All ntlc and Pacific preferred,
$50; Atlantic and Pacific Telegraph COMPANY,
l9D; Morris and Essex. lis; Missouri. Kansas
ana lexas, 30, Ohios, 200 Panama, 80; Pacific
OF Missouri. 100; ST. Louis, Kansas city and
Northern preferred, 100; and United States Ex-
The gold market reflected a fair amount of
business, and the tone was arm. Opening at
ll2s, the price advanced to ll2A., hut suisse
q,ently yielded TO ICY In consequence Of the
weakness OF exchange. though later recovering
to ll2h, at which II closed. There were not,
however, any features presented Of special i'm
poftance Tue specie shipments to-day amounts
ed To about 10000.
1870 ii i:a9 + MIL s s SS NJ. .iss.
In loans the rates pad for the use Of gold were y
The totA earrings at the Gold Exchange Bank were
sncea. Il 2s s5S The s1pfreasaTy redeemed AZ 90
ia called bosls ana paid out in coin interest On the
The ssys %. 2, The gn,ted st.tes saeTrsasa.y
90. pa.pce sss iS7slsss snSyIeney rseei9t:
.Sis I5s7 10. payments $50 549. 50 do. balance,
| gold ceruncates cent To MashIngton. ID. {.
the receipt ,oo ' TRe epSS
lngtou received t25OOVO IN rational bank notes for
business IN Washington we're Currency, 10000 900,
colo, 7i0oooo0. Including Ell 100000 com cerIn
Foreign exchange weak and lower, the rates for
time anu demand drafts having been marked down 20
q SO and "a 90 with further concessions Of sc in
| ~ tual trade
There the usual liberal supply Of loanaolc funds
on call al 2te3 cent 10 g9oo borrowers on approved
stock col era Some stocks were scsrce Tor delivery
such rs New jersey Central. which commanded y 7
daily use New lur% Central, lld and Michigan Cen.
tra l6i while Lake Shore and estern uniOn loaned
| At v cent. Tor carrying.
In Che discount market ne,ter inquiry was not ed,
but there Is scarcity Of prime paper Offering The
| rates ranged at idfo for hrstclass signatures.
| In Government OOnds nrn tone characterized the
early business, but the reduction IN The rates OF
change added to lower goo, checked operations IN tae
| afternoon.