The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-18
FINANCIAL AND coMMEKciAL.

TUESDAY. Oct. 17-P. M-The spccula-
tion at the stock Exchange was Characterised
bv unusual excitement, VccasiOned by a rush OF
tue bears to cover their contracts ia Lake
shore, which bad been heavily oversod on Mon
day at the time when the false reports Of Com
modore Vahderoilrs death were promulgated.
The demand for this stock was evidenced IN the
fact that over 81 90 shares changed hands during
the day at . further advance from SIN to sos,
as gainst 5jA, the lowest point Of yesterday
Michigan Central was at the same time actively
puroh sed at rise OF IL per cent. to 49,,
anu view York Central moved up nor cent.
a. ib. while the Il. Paul snore., a. also he
Nofthwesterns csttblsncd an advance rang
ing from i to 50 u cent, the extreme having
been noted In ~. Pal preferred when sol as
s stEi as cDh. me increased activity In This
sslvck W.r more espe i1lly due, hOwcver. TO the
taSt thdt the earning for the past week ,how
y 'uS r Tt the corresponding period OF st
wear: Inc teiligerent tone Of Continental des-
ptches ana growing probability thai Ituesia
ana austria viii forcibly intervene to rescue
.ne iurki'h provinces. also entered largely into
the discussions of speculative circles, ami in
duced more hopeful Views of The future bust
ness OF the Western roads. At the same time
reported understanding among the freight no m.
resenfatives of the Trunk lines that the rates on
cattle should soCn he advanced, though r OF as
yet officially announced. neverthaless a.sisted
the howard turn. which from other causes n adj
been prominently pronounced, Tnase CON
slderatlOns, IN addition to tue outstanding
iTRe short interest. will explain the buoyant
tone OF the market to-day, as well a. indications
coal stock were strong In the early trade, with
an advance IN New Jersey Central OF u cent.
too but II subsequently broke away TO 34k
stiltI o. ana - frRdi,r waV' though later recov-
eiing cent. and closing at 351a. Erie attracted
more attention tecalse OF increased business at
an advance 81 y n cent. TO los, but Pacific
MAI - dull az a decline " = 10 AN, aud Wa
3asn hactuated between % ani So Delaware,
La'kawanna and western yielded ~ to %,
though rallying to 1874 at tue close-but in
Wtsiern Union there was a limited trade at FOX
WIBsGilN, the remainder Of the list having
presented no features Of special signinc nee.
Tue total numper Of shares de III IN was li3 sol,
z n-Central, 2t59J; Delaware, l. ckIwaina and
western. 1880; New Jersey Central. ll.OJ0;
Ere ASsDi New York Central. 2.59J Paolnc llall,
Northwestern. 2U; the preferred, 1870; Deli-
ware and Hudson Canal, 80; Rock Island, is5
so; G.. G.. c. and l.. ID Cleveland aud Puts
burgh, 20; -. LOUIS nd Iron Mountain, go;
American EXPRESS 100; Alton and Tetro Halto
preferred. 100 illinois Central. 100; Missouri,
Kansas and Texas, 100, United States Express,
lOO; Eric preferred, %; nd Morris ana Essex, 20.
inc gold market opened active and excited
over the prospect OF Continental war, winch
WI expl,in tho advance IN tue premium from
lOpA 70 lO9'. closing at the latter figures bid.
lhe decline In English cOnsJls Of = q cent.
seemed 20 lend oncodrlgement 10 these views,
Of the hears.
The following were tho principal transactions.
70 \. " 1904 i0s,6 \. M..loois 1880 A. NJ. ioeal
1915 A. NJ. .io9ss iv.I9 A. 81 iV.,s sos r. 81 i0vss
were "a, cent. and nai ''''i''
Tue t1ta. clearing AZ the Gold Exchange B,nk were
t1b1NVNVlf xu.I balances, z1i73.41st ana currency
:, ,iee22s. rae sab.fre'.ury rc'esmea
~ W Va cafe bons ana PAID coin interest On
tht nuOlc deUt ti2.JVp.
Inc dae's business ~ the L. 8. sub-Treasury was
uuH IuetptH tllzis.t5 &. sod payments, ESD. liB 7o
sviu nhiahcti tAo,l iol42f currency receipts. 900.
$500 currency 'meats. ts3tgil ~; currency bal.
alce, $40 3oSii5.s 81, customs t1p7 200
lht internal tuNeuu' receipts at Waehin q on we're
tlbl.oFi. dnd tue customs receipts $4,000 The
Treasury At Washington received $4,000 ia national
bank no - for reuempvn. The on ia the Banx oil
tnslsn wa decreased f72.oOO.
The foreign exchange mirKet assumed A rrmer tone
pui the nominal rates st remained 81 81 and 81 S5
Tor ne ana detnaue drt l. aspect .yely.
Money WAS more Freely on red On cal 10 tie stock
tOkers anu SSwds cent. covered the bulk Of ne
potaupn- WIN closing rates az =. IN discounts, prime
maftAnthc acceptance we're sought a 400.
Iherc was an active dtinanl Tor Government eecuri.
tle AT sharp advance In prices. Coupon o. Of 1881
ana currency Ne were specially request but there Wa
good inquiry for the general lst.
Inc foIVwlng were The z N elO.lng quot afiona: