The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-01
FINANcIAL AND CONN hRcIAL.

TUESDAY. Feb. 20-P. M.-The stock mar
ket opened active, and under the influence OF
covering movement by some Of the twenty
third street party Ia Western Union, prices
generally improved kd1% q cent, but 1t was
soon discovered that the strength Of this stock
was engineered for the purpose Of the better
putting out further line of shorts on the ac-
tive list, aud the subsequent transactions re-
Elected a heavy and declining market. Lake
Shore, which, in respons to this leadership, had
recovered y q cent. to CO., yielded under pres
sure OF offerings to 59iS seller g. but at the nrst
call was moved up 61is, though IL later reacted
to COS, but closed at COZ. Western Union at
the same time rose from 7ill TO 121s-only to be
later hammered down ~ 2 cent to 7OH.
Pacific Mail, which during tho morning had
been remarkably steady at aO4a3O5sGtSOs.. be-
came leading feature OF the afternoon spcc ula-
tion, and on reports that the Panama road on the
expiration Of its contract would exect local rates
for freights by this line, took downward turn
Of IL to 29ai, at which ngure 1t closed. Erie
came next In point Of prominence, but ranged
at 1SlilSA I1S; and the Western shares were also
generally well sustained, the greatest weakness
having been exhibited In Northwestern COM
mon. which fell oil to 42h after having sold at
2h. Rock Island ranged at llO1sNllO's New
York Central dropping ~ cent. to ll5, and Onios
setting at 2l1Q2is G2l ss@2lA. Michigan Gem
tral started at Co.,. uecineu TO 5pA. rallied TO
wy. ana closed AZ ", buyer u. Inere was also
quite AN active business in WABASH at 3L6o4A6D
80 and Consolidation Coal on an unusually
large trade, dropped from 49, 20 4j& at the
close. The remainder OF the list was unim-
portant, but the market closed feverish and UNI
settled.
The total number OF shares dealt IN was 2l2,-
40; Lake shore, 81 200; Pacific Mail. % 40;
Erie, 500; 81. Paul $40 the preferred. 3UO;
Wabash, 4213; Northwestern, 5,150: the pre-
fened, l,1OJ; Michigan Central, 900; Ohios,
88Oi Consolidation Coal, ESQ; Rock Island,
Lit Delaware. l.HgknWaunH Western.
New York Central. s6O; New jersey Central.
COZ: st. Louis and Iron Mouutain, 400; Union
Pacific, 90; Atlantic and Pacific Telegraph Co.,
l0O; c., G., G. and !. SO; Illinois Central JU;
Kansas Pacific. 200; Missouri. Kansas and Texas,
quehanna, 100; Chicego and Alton, 100; Dubuque
aud Sioux City, l25; New Jersey Railroad, 100 !;
Quicksilver preferred 100; United states Ex-
press, 10, aud Wells Fargo Express, ~.
Gold was dull and devoid of special feature
uuii thf nlornlh1, WIN ~ VI 'ue snles Nv ~
but the later trade BECAME conspicuous. tue
quotation advancing to lli3t, at which figure 1t
closed. The specie engagements for tom otrow
and thursday thus far amount 10 $t5J,UCC, S5D5-
| UOu OF which VIII be shipped to Havana, ana the
The following Sere the principal quotations.
M IL iii is + iiiii' a5S F NNiii. H..
In loans the rates paid for having balances carried
The total clcarngs at the Gold Exchange Bank were
ae. Ia Tue S saS 3
In called o"nds ina paid out In coin interest on the
ne Gays Business At the U. $ sui. Treasury. was
|
do. balance. sibigd.sl u1i currency receipts ti35.
- tG do plynenis lgl 's9.so no. balance t51.gd,
| Uoy ID Customs s3t3uOO.
Tue internal reyence receipts footed tl7aoco and
the receipts 100000 The Treasury at Wasn.
iugon received t8Oo0OO In national nank notes for re.
demption. The bullion ~ the BanK of LngRnl was In
| creased Aio.OlO.
Foreign Sen steady q so and - 30 for oo
days anu short sight bls, but the market quiet.
| The money marSet ranged at aa3se call 10 stock
houses and 2J3 where Government bonds were offered
~ collateral. Discounts were nominal at itgGla for
prime names.
Government securities reflected better inquiry and
an improved tone The savings mi national banks
were attracted H. 1879, which nave recently dropped
from l2ss TO l2l, aud hs demand resulted IA an adj
vance ~ Y cent to lslle bid at the close. Coupon
lScjs neN, also tA octter because there seems
60 be some mitch In the Huus committee over the SEN
ate amendments 20 the a. = cent. loan nd the adj
| vance In 1875 ~ 4 &C.. IN London to-oay also
brought In fr III bus IRON the foreign banker who
had recently sold SO heayiY both in f's market and
| abroad. The whole market closed strong.
| The following were the 7. NJ prices.