The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-05
FINANCIAL AND COMM ERCIAL.

| THURSDAY, May 4-P. Mn view OF the
| limited volume OF business at the Stock Ex
change there was a very lively speculation. with
| Like Shore ns the Ggurehead, while Western
Union, Michigan Central, Delaware, Lackawan-
ma and Western and Erie at tue same time
conspicuous. Two days ago small pool was
formed for advancing tho lrst-named stock lac
| " cent, and In this scheme several others
Joined. though acting INDEPENDENTLY. the sec
ond combination being more modest In It's range
OF profits. When, therefore, the price rose to-
day t. 53hl353h, the latter CONNIE nced a vigor-
Gus selling movement. which entirely discon-
certed the programme of tho party Of the first
part, and resulted In stampede at the close to
5iA. Michigan Central was also taken In h md.
and after rallying from %SH to 40 was knocked
| down ~ q cent. to 49,, seller g. In this the
bears were assisted by tue reduction to-day Of
passenger rates from Boston and Baltimore to
Chicago, tickets having been sold at these
| points for Sl6 aud SIS respectively. The st.
| PauI anu Northwestern stocks were also de-
pressed but the speculation did not incline
specially To tn SO shares. Erie moved uu . 10
49, IN tire early tr ode hut soon broke to II on
Discussion OF The passage at Albany yesterday
OF III Tor the reorganization o1 railroa.s sold
under mortgage. fhe bill confers the voting
mower upon the bond olders alike with the com
mon and preferred stockholders and SAYS that
the new corporation formed from foreclosure
proceedings shail have acq ired 81 lie to the rail-
road property and franchises. This act viii
facilit To he programme for placing the Ere
road under the control of tho bondhnlders.
Delaware, Lack wanna ana Western declined
from lOS's tn lWi9 and lG6 seller ~, because n
the depressed condition of the coal traffic, and
New jersey Central VS. l.. lower at So, rom
y cent. to liz, but closed at ll2H p eide Mail
was y lower al 1871, hut Western Union main
tanned n good degree II hrmncss, h wing r lliel
y o. 6i'., though declining = u cent. In the later
fr4nsactil ms.
tied, with prVbaoe renew ! of excitement on
Frlday.
The total number Of shares dealt In was H.
30. OF which Lake SHORE represented 57.3il;
" stern Union. - $50; Michigan Central, 1850;
Erie. 9GO; Delaware, Larkiwanna and Meat
New YORK Central, 25is: New Jersey Central
2.S'l Pacific Mail, 4.g75 Ohios. LOO; Northwest
ern $40 the tr,ferted, 100; ltnck Island,
States Express. 90; G.. C.. q. and l., 80; Pro-
ducers' nsolldated Land and Petroleum Com
pany, aJ; Atlaltic ana Pacific preferred, 100
Adams EXPRESS, $50; American Express, 100;
Cleveland and Pitts9urRn. lOJ; G., e., e. ana L.,
soa Canal. ll6; II irlen, 1885, Hannlogl and 81.
Joseph. 100; Illinois Centrli, lO; kansas Pacific,
10; namn' lol Union Pacific, lU: snd " els
Fargo Express, 100
The gold market continued duh and devoid
OF Interesting feature. All ~ the silcs were ut
III. aud ll2., opening and closing at the higher
nxLre.
IN gold loans nc rates psid for having balances
=, Ihc otl earn1s At nc Geid EXCHANGE Bluk were
aaoes slusj1so. fne sue liedsury redeemed $4,000
y es ed , nd PAID ou' tn coin n'eress on tue pu'-
rne ga, Oh mess a. tle United states Sub. TT asury
Gold receipts tb3i.pOt7O do payments, tlnlO.
6t0aa 90. balance. tsag5ooel 5s currency rtcclIts.
Salt,t-- uA payments, sttf,Olo1J; do. balance,
Sii3 uii1 20 customs <9i1OOu.
re IA erna reyetuc r,ccpts footed up s70oooo and
Tie customs receipts s@lOOOu. Tne Treasury Wash.
iugtnn received 100000 ~ national bank notes for
reGempton. 40 Iae Treasury basnc,s a, ne close Of
buSincSa IN washington were: "a rrucY 5000 "a,
AMI CON s7sOoO"Oo Tue ling SIS 900 900 com ccrtia
Gates.
Foreign exchange remained dun but arm, at 81 $50
and AA"a tor tine and demand bills
hayn1 been rgey offered thr higher rate plsco UNITS
CONTINUED quiet because Of scarcely OF prime per.
la tue q lNernment bond m rNet SIZE CIV tone was
noted, nut tue nus hrss was liyt TIE chief aeaiiugs
were IN b, u 1851 lSds, 1865 Doth Old and
10 TO-.