The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-21
FINANCIAL AND COMMERCIAL.

WEDNESDAY, Sept. 20-P. M.-The opera
tops Mt the Stock Exchange reflected such an
unsatisfactory and irregular market that both
bulls and bears could find encourage the
transactions having been apparently con1rma-
tory of their Views. There seemed to DO no sub
stantial supporting element in the stock specu-
lation. except for Lake Shore, Michigan Central,
and Western Union, all of which maintained
unusual nrmness in view OF the feverish weak
ness which characterized New York Central and
a majority Of the list. There was an Increased
volume OF business In the last named stock,
and considerable amounts were thrown upon
the market by genuine holders, who had in-
vested also in Delaware, Lackawanna and West
ern and New Jersey Central, and had failed to
sell out whom these stocks were above par. Tho
bulls In Lake Shore were again conspicuous In
their sales of New York Central, while the
chronic bears were also delighted by the fresh
accessons to their strength. The movement To
break this stock, however, did not bring any
very Important results, as the price rallied from
~ to w at the opening, though later IN the day
II fell away to va regular way, aud 70 seller o.
with closing transactions at ssl(: Lake shore
opened at g. seller q, hut. notwi thstanuing the
heavy saies, rallied to 53}.. and closed AT the
best figures OF the day. Western Union was
also stI9n G, at ~ bst Eel, away TO- "a snd %
at the lower figures on restricted volume Of
business. Michigan Central was also sustained
at an advance OF In y cent. 10 AN. with liberal
orders to purchase the offerings; but Rock
Island betrayed considerable weakness. and
broke ~ n cent. TO 103L, seller 3, though finally
selling at 10i, seller Q. There were no adverse
rumors influencing the price, but the street cir-
Giles received IN impression that this stock was
on the downward tack. These views were con
nrmed by its apparent lack OF support, although
the transactions were less tnan $500 shares. Tho
common aud preferred respectively. and North
western preferred yielded at the same tune y
to 6Os, but the common was firm.
In the coal stocks. the sentiment appeared to
be In favor OF a recovery, probably On account
OF we'll distributed point that the auction sale
OF toe day OF 10000 tons for account Of the Penn
sylvania Railroad Company would reflect a de-
cioed Improvement In prices over their receipts
IN the 100000 tons lot 10 August; so that the
bears In New Jersey Central in their desire To
cover ran up the price n cent to n, while Del
aware, Lsckswanna and western AZ the same
time rose ~ u cent. to sSA. and Delaware and
Hudson was y better at oo; but after tho sale
was announced. those stocks fell back TO 25,,,
lively. There was partial recovery, however,
in the late dealings, as will DO noticed In the
table at the end Of this column. Ohios were
weak at the opening, accompanied by decline
from l2A to l2s, but recovered, aud closed
strong at the highest neures. Pacific Mail,
port, yielded from 2,A to 225., with Erie ngins
at l0k@l01., and Wabash at 3hG3.. In the
other shares nothing OF prominence transpired,
and street circles were unusually FREQ from any
influences likely TO affect prices for either side
was quoted OK dividend ofSs y cent.
he total number Of shares dealt in was ILL.,
353, Of which Lake shore represented 20S9l I;
New Jersey Central, lAt35 New York Centr I.
1880; Michigan Central, 1850; Western Union,
1850; Rock Island, ABS: St Pau, $50; the
preferred, 100; Ohios, 700; Pacific Mail. co. !;
Waoash. l,Jni kre, ltOO; Delaware and HGd-
son Canal, l.SA; Northwestern, 1,l00; the pre-
ferred, 60; Atlantic and Pacific IRE frrred, 2Ud !;
American Express, l40; C.. {. {. and l.. lUO !;
Chicago. burlington and quincy 100. Illinois
Centr. !, 100; Hannibal aud 81. Joseph referred,
100; Nells-FargO Express, ll3; Initod states
Express. 81; and Morris and EsseX. ~.
The gold market speculation was tame until
near the close, when the price declined to 10,
after having sold up to lion. The operations
were generally credited to me Syndicate. TIE
caused rally from 40 TO ll0a, but the later
sales brought down the price TO the opening
figures.
The following were the principal transactions;
10 An; no 1854 T.. n. .llo% sss r. Milo
lCl5 A. NJ. ll0ts 1887 p, NJ. HOS 500 r Milo
cent loi l. 2, 3, aud cent. aud dat.
The total ciearings a. the Gold Exchange Rank were
tl5dto,ooo gold BALANCES; siSss. io7 anu cerIencS
coin Interest on tue public dent tSs 900.
The uays business " the United States Sub Treasury
ss1 55 do balance. sSS9454 1853; currency receipts.
sS9,sl y DO; paJmsn,s tS o :, y. no. oaIanee
Tie internal revenue receipts at Washington todsy
were sA0c0, ma the customs receipts s6auuoJ. Inc
OF England was deere id E22 90.
Foreign exchange ruled quiet but steady At HsSts
and a. 80 Tor time and demand drafts, with
OF lsepA 10 actual trade.
horry continued abundant on call. on pcdge Of AZ.
proved stOcK collateral at lIv4g cent while PRIME
mercantile paper In demand at 8a.s, Mia eAcrp-
uunr AZ 4AeG5.
The transactions In Government bonds were on re-.
strcted sc4le aud prices ruled shade lover Tie new
5s OF 1881 luAOs registered g. 1881 were prom
ins1t AZ ne ooards. Inc market closed steldy