The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-19
FINANCiAL AND COMMERCIAL.
"WEDNESDAY, Dot. Is-p. Nit is seldom

WEDNESDAY,, Got. 1S-P. Nit il seldom
that Wall street records Il nrst-class excitement
In two merkets at the same hour, but this morn
I q The foi eien news Of probable participation
Of Russia In the Turkish imbroRllo, wing I'm
view n revision OF the map Of Europe, threw
CONSERVATION into the gold market, while re
cent causes continued to work out their iegii-
mate results in advancing the prices OF substan-
tial shares az the Stock Exchange. The excite
ment In the latter was soon made appt rent by
rush to buy LAKE Shore without regard to price,
and cable orders for the purchase Of gold without
reference to limit, were at the same time direct
Inc the course Of its premium. The strength OF
Lake Shore. which further sharply advanced IN
cent. from ts,I to oox, soon created n scare
among the bears In Delaware, Lsckawanna and
Western and under the influence OF their pur-
chases, rally Of AZ v cent. before midday to
75,s was easily accomplished. About noon, how
ever, this stock became the conspicuous feature
Of the market, when the shorts discovered that
scarcely any shares were fering and from tins
point the price shot up to s0x-makine rise
for the day Of ~. y cent. Delaware and Hud-
son, which up to this hour had been neglected
on moderate transactions at 89x670X, was
suddenly In demand at an advance to
70, and It very quickly afterward ran up
60 S2%--s gain OF thirteen points. The bears
Ia New jersey Central also took alarm and
this stock jumped ~ cent, n under r,s INC
from 35N TO 3Sd. Michigan Central was also
prominent In the early trade, md quickly re-
corded ~, "a against 46A, seller ., at the OPEN
ing, white Ere at the same time, In response to
higher London quotations, as well as being In
6uenced nv the general upward drift OF the
market. sold up from 10x to 12k. The Western
shares soon wheeled into line. aud improved 10
TX y cent, and W estern Union also moved up
;. to ~ on an Increased volume OF business.
Ohios were x higher at Tx. and Rock Island -
bitter at iG' i6e on,, NIX stock on a the ,is
from 25h to 24A, mainly because OF the liiRa-
tion consequent upon the seizure Of the Colon,
added to the fact that the street has recently
become well saddled with the stock, which II u
difficult 20 carry on merrins.
Atter2P. NJ. the general market relapsed into
comparative dullness. and prices reoeded from
the best points u the day, but all OF the leading
shares closed either several points OF fractions
higher than at the opening.
The prospect OF a war IN Europe seems to have
given fresh impetus to various DEPARTMENTS OF
business, the ADVANCE in wheat 1T Chicago hav-
ing been the mos conspicuous. The excitement
prevailing In London and on the continental
exchanges would also appe ar to favor the opin-
ION IN I affairs abroad are In m ore critical con
dition than generally appreciated on this side,
and that the necessities Of the season might
hasten war measures ncvond the ahtielpatlShs
OF those heretofore well auvised.
Tue total nun Ger of shares de at In 269.240,
| OF which Like Shore represented SNJ; Della
ware. l. ckawapna and Western, u,liO; New
Jersey Central. $3.50: Western Union, E.45O
Michigan Central. 81 $50; ST. Paul. 500; the pre-
ferred. 100 Erie. 1900 Delaware aud Hudson
Canal. 7,i5s; Rock Leland, $500 Norihwestern,
| FO; the preferred, b.SnO; New YORK central.
! S3s5; Pacific Mail. 1900; Ohios. ESQ: Waossh,
! 245O; G., c.. c. and l.. 100; N. l.. aud NJ. Co.
! 20: Hannibal aud st Joseph. zoo the preferred,
| 100 ; st. L, X. c. and n. preferred 100; Illinois
| Central. 10) Morris and Essex. "a: Missouri.
| KAT .as and Texas. 200; New jersey southern
| la; Pacific OF Missouri, 100; ST. LOUIS nd lrcn
| Mountain. 100; Cleveland aud Pittsburgh, W
| and Wes-Fargo Express, 15.
| The q old Exchange was greatly excited by the
foreign dispatches. already alluded to above. re-
| specting the belliCeront attitude OF Russia
| toward Turkey ; and before the opening Of busi-
ness great crowd gathered In The vicinity of the
| market. In expectation that the price, under The
direc ion OF the syndicate, would decline TO 10,
| or l06, the general run of local operators had
| freely sold the market, and an unusually rae
| short interest had thus been created. his Wal
| news came upon them Ike n zeal Of thunder II
| o clear sky, and their franuc efforts to purchase
| occ stoned scene Of Wild confusion such ss h
| not often witnessed. The first transaction wa
| at ITO and an additional LID. tut ~ 3 minute
/ past 10 o'clock sales were made at II \. and a
iO.l5 A. NJ. the price was down to III again
! From This point II soon rose. however, to III,
| hut then settled back to Ill.,, ana with que
| restored among the members, hnully cl "scd a
| III. several lll failures were announced "a
the v prUcr' ssed.
Me-srs Hone. NJ 'hoias n Co.. mcmbers OF The
| Stock Exchange. also Suspended TODAY, havin!
| been IN n of Delaw re and Hudson, Delaware
and Lack wanna and Western.
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