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

FRIDAY, Sept. s-P. M.--The operations
at the Stock Exchange developed an irregular
and mixed market in which Lake Shore and the
general railroad list were strong. and the coal
stocks weak. The day was oae Of surprises.
however. the sudden advance q New jersey
Central from % TO 49, ADD previous rally NJ
Michigan Central from 403I to ~, with scarcely
any Important ni ermediate transactions, having
50 r frightened OPERATOR az to check their
dealings In favorite stocks The cause OF tho
vide fluctuations in New Jersey Central was
found In reports that this company had nego-
tiated In this city and Philadelphia about
so'VOWO' with the Long Branch extension
and the Newark road "a collateral security,
but the price subsequently broke 60
Nk though afterward rallying to 3lh
at the close. Michigan Central sold OF 10
the early trade from AZ. TO 4O1,, but the steam
was soon put on again when the shorts at
tempted to cover; though after the Price had
recorded A. there was anindirerent speculation
the remainder Of the day. with 81 sing sales At
i0JsQAi. The short interest in this stock is
very large, but principally confined to small
local dealers, with a sprinkng of prom lent
spectators. An attempt will be made TO prove
that some OF the leased lines and contract are
invalid, but this question must be left for the
couris to determine. Lake Shore in the morn
lNI JUSTICES Nlelueu - u CENT W OlHs nut u
quickly recovered to seq, and after unimpor-
tant changes closed at 52l. buyer 3. Western
Union was not so well sustained, and ranged at
7l0ila 07Oha7i, buyer 3lD7Oz.
he great feature OF the afternoon. however,
was the attack upon Delaware, Lackawanna and
Western, which under the influence Of perfect
avalanche OF stock broke from sla IN the morn
ing TO ~. and 70, seller o.; out It as quick ly
rallied to 5s7s-wth late dealings at 1sH.
nnf HluFn
circles TO affect this stock. but the movement
seemed to have beeu determined upOn fr the
purpose Of breaking the remainder If the list.
Ia TINS, however, the bears met with only rar-
tidl success. rnd the breach between fre cod
stocks and the other active shares apreais to
widen "a the week progre-ses-the latter as
suming more strength u advancing quot tons.
Rock l.land was :. better At 1861 while at tue
same time the ST. Paul stocks were steady to
firm, and the Nofthwesterns made fair SHOW
Inc. In the other specalties nothing OF
Prominence trauspired, but tue general feel
ing was nrm for the su0stanti 4 stocks,
with scarcely any one disposed to sus-
tam the coal road favorits Quite number OF
the larger operators on the bear side have COW
cred their contracts durtn4 the week WIN a re-
unlikely tina, frosn short sales Will be ut cut 40
the market advances but. on the other hand
new buyers, In a belief that the market has
peared In the street. and ere picking no such
stocks ~ tncy regard below their ctuai value.
Daring the past two weeks the question among
operators has been simply one OF speculation
and not Of valuation ana change Is tut nat
The total number II shares dealt In WIS
l1s2.7. Of which Delaware. Lackawanna and
Western represented bl.32 Like Snore. 81 .ptD;
Michigan Central, 224tl; New Jersey Central,
22,61O " estern Union, ll3lO; Rock Island, 4li0;
Delaware aud HUDSON Canal 2.36S Erie. 2OOl:
-. Paul AIS: the PREFER q. 2,,UJ Ohi,s. 2JJO;
Pacific Man. LOO; Northwestern. go; the pre-
ferfed, 1890; Kansas Pacific, 30; New York Gem
trail. 49, Wells. Fargo Express. J0j; C., {. ana l.
C.. lUO; Hannibal ana 81. joseph, zoo; Missouri,
Kansas and lexas, s0i; Pacific II Nh souri,; 100;
Quicksi Yer. l50; the preferred. 20; -. L.. h. G.
aud N, 10: L. :. Express, 45 orfis ana Essex,
W Cleyel and end Pittsburgh Gu; y. j. Railroad,
"A and UntOn Pacific II.
The g1d market assumed generally strong
tone. with large purchases. The price ranged
lu4lll -. 4JllO. closing at the higher figures.
The SynuICate operations still absorbed the at
tention OF gold circles. but the official figures Of
the subscriptions will be furnished ON Saturday
The TOTO sIng were the principal TRANSACTIONS
1000 A. NJ. 10 1880 A. VI. .1Og7. lie =. M..lVfs
lO.O2 A. NJ. 1895 lI.al A. Milo sJJ 4. A...lQ
In l,ans The rates paid for the use Of gold ~eie
nt. ana Hat.
The ota eArinss 81 the Gold Exchange Bank we're
a "a o"ane5 sab , e. s , e cue currency ee
interest," uu ne iuuAc uth4 ttl"h
The days CUISINES al tie Jit-A state. suo-Ircasury
wss Gold receipt-, tcl3SOI3i, d. payments, ,l45,
10 20 90. taance sJ s-e,lNols currt ncy receipts,
t5dp,l73.A 60. ymcnts. t4yi,s57.7ii do. baan t,
- 2dS3l4-5 CuAtons. tAio.vOj. 49,
Toe m ernai revenue receipts az Washlurton to-day
ssssS.yUO aud receipts t6soOOO. Ths
Treasury ~ Washington received sooOVyO "A national
I'm and was increased A.4s1.
reign erchange ruled weak and lower at the nomi-
nj guDtaions Of SIS and - SIX i,r time and dc-
naul drafts, VITA seiALg rites AZ a. 50 a4c 81
Money 81 ABUNDANT uA ctu duuue th. morning at
lT@ cen. 20 nc sto,s bre ksrs, but nuaiiy ,io.ed
prime nain'- Win exceptions at 1850
IN GuNciuLcA bonus better feciing was Clserv 4,
ll6ss D. of 1851, ll5s and II5, and rcgstered
O. - ISL liza