The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-17
FINANCIAL AND COMMERCIAL.

"WEDNESDAY. Aug. 16-P. M.-The morn
ing speculation at the stock Exchange was de-
void of any features which commanded promi-
hence but at the one O'Clock call upward
movement commenced In Erie, which rallied
the price one cent. to Ia. on q limited mount
Of transactions. The foreign houses were the
chief participants In the speculation, though
some Of the local dealers took hver because OF
the sudden activity OF the stock. The move
ment is said TO be based upon private dispatches
from President Jewett that the English inter-
ests had been harm onized on practc lily the
same plan as noted 10 these columns some
months ago, 10y which the bondholdefs should
fund tneir coupons and the common and pre-
Tered stockholders should be assessed and
rent respectively, receiving for the same
inc"me cent gold bond the payment OF the
interest on which should be subject to the
earnings OF the road. IL Ia optional. now ever,
for the stockholders TO pay ~ cent. ON both
classes of stock; but In the Latter case
they waive the right to any interest In the
income bonds. How far tnis new scheme may
gaVauize this stock into life. the next few days
Will PROBABLY determine. Western Union was "A
consp cHous feature throughout tue day, and
exnioted much strength, although the
suv.nc was only =. cent TO TN, with
later transactions al -, but closing at 72h.
Lake Shore was a so strong at 81, buyer 3l5tl,,
closins At tho hixner nsu,e, these Two specl.l-
ties haNlng impaired Il steady 20 irm tone to the
support OF the better marie nv IN advance
from w :, to lO1A, out the Northwestern and
81 PAU shares yielded a irac IN OF more IN the
Delaware, Lackaw anna anu " estern, New Jer-
sey Central. and Michigan Central rejected only
hight business, but the | st-namCu closed
strong at i3s the highest point Of the day, wuiie
the others were hrln at the opening figures.
O1lOs and Pacific Mail were neglected, though
Chicago and Alton attracted some attention IN
lhe NcrnOon, with transactions n los. To lO24.
Union Pacific on a small business sOld al $40
o. '. tue nrmness IN the pri, having been due
10 Tue fact that Jai Gould aud sidney DIllon are
In Is sion to-da' for tue purpose, II Is under
STOOD, OF coOferring with Capitalists In that city
Respect proposition from the latter to
g,in controlling interest III the company. The
.cheme Involves the putcha,e 81 100000 shares
from jay Gould AZ W, ana "A change III the board
" direction.
10 the remainder of the list nothing of special
note was developed, but a hardening tone 80
the general motAet was reelected, bo,h in to
transactions ana tue views OF operators.
Inc total uumoer OF IN res de IL Ia was a 80,
OF winch Enc Represented 1000; Mcstorn
Union. lO,OOs; Lake slorr. AelO; Rock Island.
Michigan Central, L5O; New r-ey Centr |,
l,275 Chicago and AltOn, 7D; Union Pacific,
Delaware and Hudson Canal rs Delaware
Lack wanna and Western, B Eue preferred,
no; Onios, 2OO; Pacihc Mai. lOO Producers
Consolidated Land ami Petroleum Co., 100
WAuasn, 2OU; Illinois Central, IS; Now York
Central, Il Am ne.,n Express; 40 united
Burlington and Quincy 10; ,issouri, Kansas,
aud leXas. LOO; and Iannioal and ST. JOsspn
plefeIre .. lUD.
Inc gold market ruled d ull and uninteresting
al III. until after midday, when announcement
of Tue oids Tor the s'2d9,0Oo Treasury gold was
/
ranging from llO.75 10 lll3j, amounting In the
aggregate to $l1.eol.OOl Inc awards we're made
on a basis OF lll2d 10 ILLS. he selling at TINS
| juncture became animated, aud the price
| cropped to M, partly from tits cause and
also In consequence OF Washington adyices that
some OF the prominent foreign bankers, through
their representatives, we're to-day clo-eted with
! tue secretary for tho purpose OF bringing out
tSc,UJOOO ~ cent. bonds. Nothing, how
| ever, was concluded.
| Tue toAowlng were tue principal transactions;
1900 A, NJ. nlA Lao T M...lllis 300 +. " ma
1890 M...,.lllA l;b1 =, NJ. lIla 800 r. NJ. ma
In llans the rates paid tor the use OF gold were y
nat and cent, and fur carving also l cent
The otal ceaTlngs Tue Gold kACNallHc hanh w"re
anCs. o. 2SD1O3. Tue suil Ire surb rede, ned t%iNlh
called bonds and paid out Ia coin interest On he I@0'
rhe DAYS business At tho United States Sub Treasury
wa: Gold receipts, t45p 1885, gold payments, II sss
sl3 gold balance, tS5 sOJ So2ll eurr.ny rec n's
t5S3Olp II currency lhinlrns so... - ~ ,nt"p, e.
| fSl $4,000 O2 Customs. tSS' ob tntu NV chh'eleu
| gold Ger lncates sen to Wtsun-t m y, 1,
The rull revenue irrelpt- al Washington to'dy
wule 1883 OOL ami ne custom, lccripts ttoVON, ING
| TIE .lry ~ t-Mugtuu received shduVh Ia natl nal
nauk nntes Tor rcrnpi Ine Ouliou IA the Bank 81
| hngIaLa WA. lLcr, a,,d 1 uJi tuHi1y. . 49,
Furulgu exc lansg continued gm i AZ tSpadtA S'st,
! nrnrr tuIr was noted. The tuhtluVntal exchanges
! however, were not 80 well sustained.
| Money iohnti freely CA ,hN luriuS the morning AZ
Io teut stOt kbrokprs, uut better demand
Prime mercantile paper wa IA request nj Bot, wan
| Gu,rinulCut bonds were unfavorahlv gnucncrd by
WASN'T gtuL alNCeh Referring G. ntsuiAlpaf Tor
ius thr Ap cent and the earlier 90 ID, su lshi-,
ola aud Lew. were consequently INer hut A. Of lssi
continued -irous. ana were IA request me large Wdf
on saturday ast for thlr ISSUE stimulated the deuaud,
anu over lit counter goOi lrAlo wac RECORDED,
| The following were tue az. NJ. clu-l Z pricr-t