The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-06
FINANCIAL hND COMMERCIAL.

TUESDAY, Sept. 5-P M.-There was con-
siderable excitement at the opening OF the
STOCK Exchange, and a feeling OF uncertainty as
TO how far the bear element might press the
market was conspicuous In all speculative cir
cles. Lake Shore was. very naturally, the alb
sorblnR feature Of the day, but after q lively
scrimpaee In the irst half hour Of business.
during which the price further broke from 40.
70 fo%, the downward tendency was checked.
ana from. this time onward 1t was evident that
Tue oesr raid had, for the present at least, oul-
minated The shorts in Delaware, Lackawanna
ana western and New Jersey Central at this
u,ne were SO busy In reaping tn cir profits that
IL ps'xss OF these shares rapidly advanced
ioIe miuuay the remainder of the list gave eyi-
usnces OF partial recovery, with the exception
OF OF Delsware and Hudson, which dropped from
blh TO 80, seller 3 and Morris and Ea,ef when
Was cent. lower, At W. Western Uoion was
not not prominent feature. but nuotuated between
vs. and oe., closing at the highest points Of the
S gay; weie also 10 the anal trade Lake
strategy employed by the bulls late yesier'
asy 10 Joining 10 the downward course
programme, and led to the results Of The dsv
me afternoon movement In Lake Shore, how
ever. seems TO have excited the chief surprise.
because the heavy buyers OF this stock this
morning, at 4vtt4eS, threw the Same overboaru
when tne price reached bOh0blS hut tins was
familiar style Of tsotics, likely To- be repeated
during the week. Michigan Central opsned
o,
quently moved 10 sympathy Win Lake shore,
and rose N cent. 10 49, at he close. Ilinois
C,nl raj also recovered from ~, seller 10, to 2
with S5S lid at the Close, some Of tue leatlIug
oDeraors recently Identified with the decline |
r having suddenly turned with the upward our |
,ent. Both rank and me covered their contracts |
20 Considerable extent, md having realized
LARGER pronts than Tor months, are now ready to
TAKE " nVer on either side of the market, &C.
cordinR rs considerations may suggest New
Jersey Central advnncei "a " cent. to s3s at
the close, and the highest prices IT the day we're
generally established IN the hnh trade.
ne total number of shares dealt In was
iied;5So Of which Lake shore represented $500;
Delaware, Lsckawanna and Western, 1853
michiR.n Central, 1910; New Jersey Central,
1850; the preferred, 7.eU; Onios. 24c1: Paciac
Mall lSo Illinois Central, l.2OO; North western,
w tne preIeTred, s,tSo; Rock island, 2eJ5 A.
Isn,l, I'll; New York Central, 835: Panama.
go; 81. Louis, Kansas CIV and Northere, So;
Cleveland and Piltsbursh. 10 AtlSntis ana
HE. .Fs;",s, y; ana New YORK. New Haven aud
Tue gold market ruled very qulet during the
N ornlnR at IVY, the lull In speculation having
Of subscriptions to the ~ y cent. loan. Lstsr.
no rsvei. toers was a aood purchasing demand,
i nsa u 10, this ,na1ence tho price advanced
II is Understood that the 100000 offered
rave su oeen taken by tue syndicate and their
friends, including the subscriptions proper
m, following were the principal eold rrsnsacuons:
LAS 4 n H. i 1897 is ss 4 n ii S sSsP \ iSss
In lSsns the rates paid for the of gold we're l.
h ,n 10y. cent ana for esrr,in{ cent
esI.Sss. Sal 20. o'.nes. iLosi ana
Of called oSaas .nd paid si2S 10 coin interest
a. 3 ('Sid IsSsIs! ,ecs2oii payments. sas
ao sySsS. . az S TSssep
" s9s Gsi 10, Custom ssi6ooo 5000 10 0.i-hee'
slsV,V"y ana the Gus ons receipts, t45o0O0 The