The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-07-12
FINANCIAL AND COMMERCIAL.

TUESDAY, July lip. M.-The morning
speculation at tue Stock Exchange was extreme
" dull, because OF the oppressive heat. which
at times caused practical suspension Of busi-
ness, but liberal selling movement, more par
tculariy 10 Lake Shore and Western Union, was
later inaugurated, and resulted In a decline OF
y ana 1f In these stocks respectively. During
the past few days. Tealizations by the larger
operators were discovered, and this fact ell
Outraged the bears to put out fresh contracts,
having been assisted BY the ruling OF the courts,
where the injunction restraining the payment
Of the Western Union dividends was so far sus-
tanned as TO appoint referee to determine the
merits OF the case. The price consequently de-
clined from 71H to Coz, and a severe hammering
Of Lake Shore, aided, also, by reports that an
injunction similar to that granted against West
ern Union would be applied for, carried down
this stock from b6H TO 55t. The course Of these
and the general market closed heavy and unset
tied. The Northwestern shares, however, were
stocks but Pactnc Mail continued to droop,
and 25A was established at the close Della
ware Lackawsnns and Western RANKED at lO0h9
trial was weak at 5oEa4eh.
The total number Of shares dealt in was g.
Western Union, sO,eoo; Michigan Central, 1900;
Pacific Mail, sooo; Delaware, Lackawanna and
New ' jersey centn 1850 No RrSe.tsfn
200; the preferred 1900; Union Pacific, $50;
United states Express, 80; 81. L., X C. and N.
preferred, 2uOi Ohios 40; Morris and Essex,
10; Erie. 800; Pro-. Con. Land and Pet Co.. 40:
Chicago and Alton, aO0; c.. c. and l. c., 100; C.,
b. and Quincy, 150 A. and p. Telegraph Co.,
100; Rock Island, 100; IA. and st. 10 preferred,
100: st. Louis and Iron Mountain, 100; Delaware
and Hudson Canal, 20; aud wells-Pargo Ex-
prVss 70.
The gold market also reflected a duh and
heavy tone, which was partly due to the hot
weather, and partly TO the i'm proved quotations
Of the London markets. The opening price was
| 1l1h, with decline to 11lh but on an atter pt
| to NY, and closed at the early figure.
The specie engagements for Wednesday
amount to about f8000OO.
The following were the principal transactions:
1000 A. M.l1lA lob A. NJ. .ilik 2;51 p. NJ. 1ilL
lO1H A. NJ lin 1900 NJ. lila 800 7. NJ. .ul1s
In io.ns the rates paid for having gold balances car
red were !, ~ 2. ~. Sand cent
sncss IL iSgeS The Sub Treasury redeenled $500 10
cslel bonds aud paid cut 10 coin interest the public
The days business ct the United states Subj Treasury
wsr; Gold receipts, ts4p e46. is gold payments
tssp, sol rs gold balance, tSs.is7 bibls, currency
currency balance. s3Ses8,OlSa5. Customs t326,OO0
Foreign exchange continued rrn but duh At u 30 aud
kel Tor time and den md drafts with Concessions Of
Money was IN ample supply on call ut ea2l< cent.
and iha2 pledge OF Government securities col
lateral. In discounts fair business 400
| for prime endorsed mere lie parer.
| Toe operations IN Government ponds also
tIicted by the weather, but nrm tone characterized
tue general dealings, and the market closed strong,
tons ana conhdeut feeling In reference the future
Of Prices The weakness Of gold only temporarily In
ngenced the market.