The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-05
fINANCIAL AND COMMERCIAL.

MONDAY, Sept. 4-P. M.-The slaughter
OF the innocents was continued to-day. The
same Characteristic tactics which found expires
sion during the past week we're again employ
Cd and finally the dem oralization became
great that the bears found less difficulty In
breaking prices, reinforced as they were by he
nervous condition OF holders. The policy of the
great bear operators throughout the present
campaign has been to cover their ventures on
moderate declines, as otherwise their expectant
profits would have sunk out Of sight, from the
inability Of the street speculators to respond TO
their contracts; but more recently a holder
course has been adopted In the attacks upon the
coal shares, because held by original investors.
and to-day, flushed by recent successes, the
more subtantiai stocks. such as Lake Shore,
Western Union, and Michigan Central. which
had been sustained more less by cliques, re-
ceiveu their attention.
At the opening OF business there was great
excitement 10 New Jersov Central, which
quickly sold down from 8k to ~ 4, while at the
same time Delaware. LackAwanna and Western
as easily dropped l.s " cent to 1e5. seller
and Michigan Central also Yielding from - to
IS, seller 3, served to complete the first success
OF the day. There appeared to he none so bold
as to stem the tide and for time the market
was on the verge Of panic; but soon after mld-
day the covering Of shorts caused a reaction,
only TO be- succeeded nv n grand demonstration
upon Lake shore in the ngal trade, when both
bears and former bulls seemed TO vie with each
other Ia their efforts to further break the IN r
ket. Lake Shore, under tins pressure. broke TO
teh, as against 2h at the opening; tut Western
Union partially recovered a. THIS time from It's
drOD OF y to 6s7s and closed ~ 6gt.
The st. Paul stocks also e me IN Tor a share OF
attention. the common and preferred each drop
ping :. TO ~. ana a. respectively. while Rock
Island was | Il cen. lower ~ lUh, ana Pacific
VAL N at ia. Erie tho Norlhwe-terns, and
Ohtos were comparatively steady. though weak,
hut IN the rem inuer II the list there was no.
thing " special significance II we EXCEPT sales
Of Illinois Central at 50 To 81. seller IS, ami ~.
seller ~: also Delaware aud Hudson a. 81.
| to ,6S. seller o..
| A, the c,ose Of business the market was fever
! ish aud unsettled, vita indications OF a renewal
] OF the excitement on TUESDAY. Two failures At
/ the Ezcnang. were announced, caused chief Y
/ by tho recent decline in Now jersey Central
! The total number ~ shars- dealt IA WIS
y, 90, distributed as follows: '4,is5 Lik" shorr,
ts,3lu Delaware. Ia tawauua anu W esi eru. 36,iiO
Michigan Centtal, 2j740 New Jersey Central. r.
Clio IVES era L lon. 1890 Erie 1000 Il. P.ul pre-
ferred. l5i0 Mont uwestern common. 2.sJ do.
preferred. LAOS Delaware ana Hudson Can,l.
3li5 Rock lsi-n 5.il5 -. Paul, 500 Onios, tqu
/ Iaclnc Mail. So Illinois Central. la American
/ Express, 100 Clevelind and Pittsburgh. l2O Nor
RE aud Es-rK. IL Chicago and Alton, 800 4. c &.
YORK Contra, +oJ -. Louis, knns cav aud
/ Northern preferred, 30 Alarl0'sa preferred, 80
United states Express, 49, Union Pacific, and
The gold maraet opened nrm at l0g9, and ad-
vanced TO luh. nut subsequently, tecauie we IL
| aud declined 10 lOgA upon the reduction Ia the
rates o foreign exchange aud the reported sue
ccssful negotiations OF 1 e new ~ II cent. 10 ~,
] botn In tnis country and abroad n, announce
/ tohs has vet been received, but this VIII rrona-
blv ba made pubiic tomorrow. In the after
/ noon the tons of the market became stronger,
aud the price was advanced To lUya4 closing at
! lHA. I'D.
! lhefonowing were the princpa gold transactions.
loco A. NJ. l0ai ll:5Q A VI .l0plt 2soG T. st. 1Osas
1888 A. M..lOE- l2.f2 4. M.lup4 -;ih Il. ~ .iu+Ai
n,o7 a. Nj. 100, 1889 r. A. .lOss sop. NJ .iCs4s
In Dams the paid for the gold ere n ,t.
cent.
1he lotsl ciesrlnss a. The God Exchange Bank we're
t9u.64pOOOs gold haiances, tlDlS,3uO aud currency
balances 81 l7b,44 The SUB T-casury redeemed e. OJ
OF called DoAds aud paid cut tii.OOO coin
! on he puullc debt, anu - .4Op IA SAVER
Toe IN rrnal revenue receipts ~ shington TO-DAY
were tU'u,uOu and tnc customs Trceipts. tsuupO In
J Treasury At Washington received Ss0J,oOO national
hauk nutrs FOR REDEMPTION. The Oul.lOA IA bAuA ut
/ I'm lana Was Increased ~. 900.
For Yn exchange on"nrd al sSs md a .SSta foi ~
and 3dps nn' r'- N'eit nut - "eq MY salcs ~cre
+ m.dr a. low n - So ana ANY. Al tut cluse M
/ numlia quotations were - shis an . IS.
MONEY, IA cal loans. wi- uuts ht. cent and dis
3 counts rul a. 3,-i O.. ut Tor best uaiues
Ia t'tN Ilnrnt oud- active trade recorded ~
decuaiug prce-, hesU4r Is Of 81 ~ az lt54 IA.
cuu o. Co., ia t. llfla c.up % di, li2a cnut
~. lldls 20 lo-s coupon 10, lls1p Go llSh, cnun
1910 llasl sstcred do. ll4's t 1l4A coupon 3D..
o. 81 IL ~ To ll5As and registered ll,a- Al The
close he market MAS irregular al the following gu