The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-29
fiNANcIAL am COMFY EncIaL

TUESDAY. March esp. M.-The bear
element controlled the stock market and under
the leadership OF Lake Shore, which furtne de
clned from Glis to sos, the whole list reflected
dependent tone. The transactions IN these
81 res were on an unusually large scale, while
tie drop Ia Erie from 20As 70 1917 on q break Of
Ia a cent. In London, and the decline In West
eIu Union from GSls to GiN, served to complete
the days success for those manipulating a de-
cline. The street circles were. however, 1t the
time of the sharp downward movement. entire
IL free from any rumors, aud the bears discov-
eiing mis- error In the programme brought out
the story, too late Tor verincaton, til Commo-
dor nderbilt had declined the accep ancc OF
ths Presidency Of the Lake shore road ut its
coming election In NAV. whilo a general bre
up OF the freight agents. meeting In Chic go this
week or reduction In freight rates equ to
IA p cent were industrously circ lated. Michi-
r.n piral apparently had no friends. and felt
IN I. 6OA rom 6Iii. while the ~ Pauls were
hnd ~ N cent. lower for the common and pre-
ferred respectively. Hannibal and ST. Joseph
to lIop about THIS time Of 2 y cent: to
rud s Northwestern preferred was ! IS lower at
6eis, aud the common had TALL u from 421s to
III Ia, there seemed to bc no help for Israel.
ACHE NJ u, however, came to the support Of
the market an established "A fair adv tnce Of 1
" cent To IA and western Union also rallied
10 6S's again, while the decline In Lake Shore
was uot only checked but recovered to 8OA.
THIS brought breathing spell TO the bulls, hut
tue market closed feverish and unsettled, with
indications that the struggle viii to In re-
newed on Wednesday. The great question con
trolling he present speculation Ia the result Of
the freight agents meeting, and ~ interest ~
now centred IA tue deliberations at Chicago.
- The total number OF shares dealt In WIS ISL
ISL Of which Lake shore represented II 65O; H. il,
52.l25; Western Union. 1880; st. Paul. $500; ,he
preferred, 800; Michigan Genital 3Sl0; 3 cinc
the preferred. LAO; Rock Island, 100; Rinni-
bal aud -. Joseph A5; tue referred, 30 /;
~ G. G. aud ]. C,20i C., G., c. nt J. 20 /;
Pacific 81 Missouri, 30; Union z cl1c, IT.; New
Jersey Central, l5S Delaware Lack wanna and
ireton aud Quncy, 10; ami Cleveland and Pitts
burgh. IS.
The gold market was devoid Of speculative
feature or interest During the morning a strong
tone was noted. with rise ON 1l3'. u ll4b
bur the y lee IN back asain to Il3iG and closed
~ III. The specie shinmen to Havana were
$1,000 but for Europe no engagements were re-
ported.
rho following were the principal auotauons
1910 4. N..tl0s li;iG \. Mia 1900 p NJ. 49,
il'ii5 & a.iii,s ' ii5o p Lbs 5o1 49, Mii
~, iotsi clearing, At the Colo fxch nee Rank were
see,, lSo6l The sabTsasur, dSem sS'' si,
p1S n aeb, .s ana PAID cut ID IN interest on e
the GAy'' business at the u 9. Sub Treasury was;
DO. balance, ti4.9o Isl IS; currency receipts s93I
6726i7sG Gu. .oms $4,000 cSnccl ed so.d cefu6.
| Gates sci 10 Na-llnEtUt. S-.,N3 OOO.
The Internal revenue receipts footed ND 800 600
ana tue cust ms rrc,pl-. $4,000 The freH.uiy al
Washington received 100000 IN national AK notes
for r den puo- The Ire sury b. q tn clos" of
| IA neS- b. Washington w.r tusr, ncy. 81 'r1up
aud ola, sidoOVoo, incluaIng t3f 100000 coin ID
/
tons OF tss aud tir0 for time aud demand sthough
tuuc ui TIE iraung uraN er-. such lrcNc, Morgan a
| Co. ana Belmont " r. assing ASH los- I.iG.
Government rouds Were la ur, tel aeman L. aud 1888
advanced 1a1tp. me market osing steady. Prises
however have occn so newh't irregular, consequent
upon the ructu ting character of the gold ef nut
hold,re nrm In their views and are nurcna n
whenever prices favor, IN ue.f that after the
April settlements the demand vii Increase.
The following ere the l.. NJ. closing prices: