The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-17
FINANCIAL AND COMMERCIAL.

SATURDAY, Sept 1G-P. M.-The morning
speculation at the Stock Exchange was char
acterzed by n strong tone at advancing prices,
but the volume OF business was perceptibly les
sencd. The bear element appeared to he dis
couraFed, as previous attempts to check the
upward tendency had proved unsucc essful, ana
there was liberal purchasing to cover short
contracts, which further stimulated the adj
vance. Under these influences Lake Shore
moved up TO 81, a rise Of y y cent, while
Western Union. which soon after O'Clock be-
came the conspicuous feature OF the market,
was ~ 2 cent. better at 73is OhIos, an
nouncement that the company would on Oct.
pay the coupons on ts second mortgage and
sinking fund bonds, rallied q cent to IN,
buyer 3, while at the same time Pacific Mail be-
crme more active on attempted covering OF the
shorts ut an advance Of Z to 2i,i, buyers. The
st. Puuls, however, we're exceptionally weak at
"A decline in the common from 3lh, seller 3, to
3OJ., but from this point II rallied to 3ls, ouly
to Yield subsequently to 3OA, at which figures 1t
closed The range Of the preferred was esq
BGa Jbb51 sQtGjn. The drop was exclaimed bv al
vince Information VI further decrease In tho
earnings Of the road for the second week IN
Inc operations of the afternoon looked very
much Hike the natural rcaiyriuns Of purch y
ors who preferred To close Uut their ccounts NJ
the end oi the wee with handsome profits, ana
thus place themselves ina posii1u % sp' Giilate
ms re ffccN on Monday winnie ~ western mon
| the uprsiS cnt hammefinE was traced t. a de-
sire 10 prevent this stock ircm advancing 30
rapidly. Under the inlurace " unusu lly lib
eral CnOrtUgs. the prrc yielded u cent. the
close TO ~. Nd the course Of this stock to u
| considerable extent influenced the character ~
the general marNot. l. IL Shpre fel of y
cent To d3ix, AID nat iac -iail Welded to - 4,
with n drop IN rock Island Of y 10 lO5 seller ,.
though Pacific NAL attp4w I'd recovered to 23's
The coal stocks we've less active, though there
| was at times a liyciy speculation IN New Jersey
Central. which ON favorable und adverse rum rr
! nuc. uated between ~ aud 81, seller 3, before
miduny. and Later ranged between Slk aud
1ih, settler 4, with a sudden run down al the
close from 13b. under the rule, to 2!h. Della
ware, Lack wanna and Western Was weak IN
! the early trade At decline from T1h 10 i67s,
though from this rOint 10 shot up to 1cA, but
subsequently declined y per cent. and closed
at ~, the opening figures. Delaware and Hud-
son dropped from 60 Co Is, seller 3. Ina O., seller
%. nut rallied to - for small lots and Morris
and Essex after selling at ~ to ~ tor trifling
amounts. closed at Sgh. Michigan Central We
neglected during the morning at j9h lta9Aa, but
bee me active In the later trtde with rally 10
40,s. and closed at 40. IN sympathy with the
We kuess of Western Union. New York Cep-
tril soid at lul. seller 20, cx dividend 81 = u
cent, and az 12HIit3 regular way, while Con
sJlidsted Cod, which all turDugh The coal panic
/ In August ranged st 40Al5 gi9. broke to %. Erie
sun red from reniizations, and VS. K Z cent
lower and Harlem showed a decline VI also 4
q cent. to ~, out Hannibal anu 1t. joseph Ire-
i,ricu wa strong AZ II New Jersey SOgihern
sold at AJH, and Wabash AZ @dl2ai.
The following table represents the opening,
hlshest, and lowest saies, regular way, OF the
principal stocks during the vast week, together
with tue nunrber OF shares dealt IN.