The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-18
FINANCIAL AND COMM ERCIiL.

FRIDAY. March lip M.-There was an
Indifferent speculation AT the stock Ex change,
and a disposition among both bulls and bears TO
keep quiet was a conspicuous feature of the
market. During the morning the ST. Pauls
were, however, unsettled and lower, because u
a report, subsequently, authortatlvely denied,
that AN injunction would be issued restraining
the officers from paving the II 2 cent. dividend
by a distribution at par Of the consolidated sink
ing fund bonds which are selling at Ssh. l1So and
in Pacific Mail, as also Erie, Lake Shore, md
Western Union, there was u respectable degree
of trading at irregular prices. The general sem
timent among the larger operators seems TO
favor lower figures, hut whether this will he inn
mediate, or Will receive more positive demons
stTation later next week, tomorrow will GOubt-
less give a ncttcr foundation for judgment. There
was nothing, however, In the days operations
OF specially prominent significance until near
the close, when the bears made denonstra-
ton against Western Union, under cover Of ru-
mOrs that the affairs OF the Bank OF the State Of
New York were represented as worse than pre-
viOusly reported, and which carried the price
down to CT, seller 60, with transactions at 61's,
REGULAR way. Pacific Mail at the same time
dropped to 2l3s again, as az inst "a earlier In
the day, and Lake shore ranged ut o. sDB4 A6Q
GlAsIW. Erie, after rising AT the openlnH from
2O1s 60 OH, Tell on during the afternoon To lbA,
and, though rising again tn az, closed at 1879.
Northwestern was also p y cent lower at 81,
but rallied TO AZ, though Wabash showed more
than usual activity, at rise from "a to a.,
There seems. however. generally bearish
feeling, particularly In Western uniOn because
OF "a story, which, at tins hour, could not he
confirmed, that next week "A further reduction
in telegraphic rates would be established.
The whole speculation a. the close was fever
ish and unsettled, and as we write a cloud hangs
over the market.
The total number of shares dealt In was 49,
as, OF which Western Union reJresented ~ 100;
Lake Shore, 5000; Pacific Mail, H,tJ0; st. 7 uul,
II, 800 the prcfeIre 4, s30; Northwestern, 1909;
tue preferred 500; Erie, 1909; Wabash, ESQ
Onios 100 e C., G. and L., 100; Mlcnlgau Cen
trdl, llO0; Rock Island, $50; Union Mining Com
pAly, 800; Delaware, l. ,ckawannH ana Western,
4b5; New jersey southern. 300; ST. Louis, Kan
sas Cty and Northern preierre1, $40; ConsOllda-
tiOn Coat, 225 Marposi l. nd and Aiming Com
piuy, ~; Union 4 icinc, go: All mite and Pa
cinG Ielcgraph, 100; Illinois C.ntra 10; Fort
Wayne, IO0; HANNIBAL and 81. lseIn, lOi tile
preferred, 100; ~. Louis and Iron Mount IN,
100; and htragO ana All IN, 80.
IL the gold mark I uu-iness was light. Al
though ouCnine az M, and ait w.rd rhllying
10 IliN. stimulated ny the hrmness NJ foreign
eXcuhnrc, the hirh rates Tor carrying, hdd"d TO
tho IA = That the hlca, SPECIAL itors we're gene
rally holders, caused a scllnI-oit NJ Nement,
which res tied ~ the pilce dropping TO MAJ ~
watch llure II closed
The following were the principal quotation"
10 90 A. NJ. MY ll+0 \. M.llHe l22 J.. M.lliA
100 \. NJ. ll49s l&OO M..,.,llAs atOf. A.llth
In loans the rates paid for wing balances car ned
were /, 2, g. 80, Cent,, and nat.
iiSo27,oo0 gold balances. ssA9A Ssl and currency