The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-24
FINAScIAL AND COMMERCIAL.


MONDAY, Dot. 23-P. M.-The opera
tions at the Stock Exchange reflected an irreeu-
| lar market, with prices alternately week md
strong. At the opening Of business, Lake Shore
and Western Union became conspicuous by
their strength ; the former advancing from cox
to 6llI, and the latter from ~. to TN At these
points, however there was an attempt by the
bears to break Lake Shore, which under this In
fuance yielded to 90, while the California party
were liberal sellers OF Western Union. There
we're several attempts to break the
FIRST named stock, which, however, finally
recovered, and closed strong at 60A regular way.
and 60H. seller Q. The st. Paul stocks were
weak aud declined from 80 and 611t, buyer 3, to
So's and BOY for the common and preferred re-
spectively, on reports OF q decrease in earnings
as compared with last year, and the North west
ems sympsthized to certain degree, having
dropped from 42I to 40X for the common and
81 to sex for the preferred. Michigan Central
also fell away from 4sA, the early price to AZ
at the second call, but rallied one " cent, dur.
log the late deangs, when the general m aTket
assumed more buoyant tone. on cable advioes
That Rouma had declared her Independence.
and, relying on the support OF Russia, would
proclaim Prince Charles as King. This was re-
Rarded both here and In Europe as further COM
plicat the situation inasmuch as the nesotia-
lions for a peaceful solution must necessarily
be checked, II not altogether abandon
Delaware, Lackawanna aud Western. and New
canoe as features Of speculation. the former. on
light transactions, having nuctuated between Is
aud IN, closing strong at fsh. while the latter
dropped h cent. to 98S, with a Recovery Of y
y cent. at the close. Hannibal and ST. Joseph
became more active, the common rising from
49, TO 16H. with a subsequent dtop to Az, aud
rally to 16, while the preferred moved up2p
cent. to 2s9. The movement is said to have
been engineered by former President OF the
road. Pacific Mail attracted notice because OF
purchases OF about 5000 shares in the final deal
ings, Tor the account, II Is said, Of some OF the
old directors OF the company, and under the in
huence OF which the price closed strong at 20,
the highest point of the day. Erie was weak at
1lADllh, with final transactions at IN: and
Rock Island fell 90 from lC2'. TO 1Ol,s, though
but wabash was strong at o. and Union Pacific
reflected an Improved cy3lume OF business.
at 63. The remainder OF the list was practically
neglected.
tiers that an advance In railroad freights is near
at hand. and this fact also assisted in strength
critical situation OF AFFAIRS in Eurouc. Combined
by private dispatches day, was tue inmedi-
ate cause OF the late rally.
The question OF a general European war. OF
course, depends chiefly upon the action Of Eng
land, who now seems disposed to concede six
weeks armistice. instead OF six months, as at
first maintained. This Is n point gained by Rus
sta, but the question which engages public at
tennon here Ia, how far she will ,ield to the
demands OF the latter without disco vering "A
cdsls beW. Her possessions in India and her
Investments in Egypt Will be imperiled by Rus
sian occupation OF the Bosphorus ana the Oar
dauelles, while II England, by postponement Of
Possibilities, should attempt to install herself In
Constdntinople, hussia would anticipate such
action by throwing large bodies OF troops into
the same territory over her improved system u
r.hwN communication. In either event, Rus
sta seems now determined to realize the creams
OF century, and secure au outlet to her south
The total number OF shares dealt in was 100 ess
OF wniee Ls ~ sos snere genresensed SsOOO West
l0,4O0 Erie. $3.50; Delaware, Lickawanns and
western, A'6S; Northwestsrn. ASH; the pre-
ferred, S5S Rock Island, tlss; Mienisan Cen
Mail, 900; WABASH, Leo Union Pac,ic. 1870
Onios, leO; New York Central, Loo; Hanninai
and st. Joseph, 800: the preferred, 1900; ILL.,
nois Central, 600; Kansas Pacific, 4OO; Missouri,
Kansas and Texas, 400; Delaware and HUDSON
ST. LOUIS ana Iron Mountain, 100; Fort waynr,
%; Adams Express, %: and American Ex-
The gold market was duh and heavy during
the Inorning-the only noticeable feature hav-
ing been decline In the premium from 1891 at
the opening to 1895. there were some pur-
chases at these figures, and tho market recOv-
cred again to the early quotations, wnen the for
price to Ito, n: which 1t closed strong.
The following were the principal transactions,
10 A. n. .l0els 1895 A. .lo9sl 1851 p. 1894
ioos a H. iS.g. iaio r. N 1854 s,5 + MID
In loans the rate. paid Tor having balances carried
Tue io,ai ciearlDes the Gold Exchange Bank were
s sSq y The s1s currency
go ~ called bonds ana paid out IN CON interest ON
Tue ds,'s business the United States Subj Treasury
V sSd SsaSse "a. s9S R@ys9s &
sSSo %. eqr1sncs pa, 9,ea.s .g0i currency
The tsrnal revenue receipts at Warrington to-day
were t57ouOi ann the customs rcccipt, k5dlOOO The
Treasury also r,eeyed 100000 IN national pank notes
Tor redemption. The bullion IN the Bang II England
was decreas GiOl ODO Inc Treasury balances ~ III.
close OF business IN Wellington were Cnirency siS.
lsoppp and coin, t'2,OOO,OOOi iuc iuding $4,000
coin certificates.
forrign exchange remained dun AT a. ais and - $50
for time demand bills respectively with se llas
rates AT a. a2g4aSA SO aud tiS5
In the money all were freely offered AT
2ltts cent,. the unfavuranlc bank statement OF sat
urHaJ having cAerted no influence upon the rates
Prime commercial paper Ma IN fair request at 6td
Government bonds ruled au and iaacfiye. With a
heaNy tone until near the when rise IN gold
oceaslo ed more inquiry here were cousldefaOc
transactions IN coupon lS65s new at IL - and of
coupon 1867, at li5i. aud ll5Sf
Tue following were the 8 Z N. closing prices: