The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-09-28
FINANCIAL ann COMMERCIAL.

"WEDNESDAY, Sept. Up. M.-The stock
speculation orened with fair degree OF
strength under the leadership Of Lake Shore,
which advanced from Ten to h2;l, and also New
York Central, which rallied from "a to w on
further covering OF the shorts. Delaware.
Lackawanna and Western at the same time re-
covered from 7i,< to ,t1G. in consequence of pur-
chases by the so-called Twenty-thlrd street
party, who, however, vigorously attacked the
Northwosterns and 81. Pauis, the latter on a
display OF a new map showing the competitive
roads which were said to he sappinR the vitality
of the original line. The price Of 1t. Paul pre-
ferred declined under this fresh selling move
ment from 81 to 591l, though 1t afterward recov-
cred to eos. but closed of co; aud the com
mon was also :. lower at ~, though rally
ing y y cent. in the later transactions,
with lnsl sales at t,ei.. Northwestern common
attracted a good deeree of attention because of
It's drop from "a. to al'., while the preferred
was equally conspicuous IN its break from So.
to 57A. from which. however, II recovered to
Ssh. seller 3 at the close. About midday the
general market was unfavoraby influenced by
Philadelphia sdyices that Reading. which Is half
stock. had experienced n stampede from a to
g. while PENNSYLVANIA road, also haf stock, was
] p cent. lower at 461, and that Length Valley
prices Of these shares we're So az and T11 ss
respectively IN the order above given, but this
stocks dealt in at the New York Exchange and.
IN fact injured the entire speculative list. New
day at 26,.. dropped to %, but sfterward
rallied .; with final dealings at .25e,
ern fell on to 49,. seller 3. and closed at AZ,
| the openini figure. New York Central yielded
to6A Rock island y cent. TO lo3 and lGeN.
seller ~. but IL closed iirnet at 1898, and Pacnc
| Mail was also weak at a decline from ~ tO ~.
Lake shore touched d.s.. ana hichiesn Central
declined from Al To 40H. though these stocks
rallied ia the subsequent transactions. and
| closed firm. Wabash was down to "a. with Iili-
| seller % and Morris a. Essex at yOa sSA.
The break IN Reading above alluded to was
the chief topic OF converpation In speculative
circles. but advices from Phiiadelpnia as u the
cuse were "a eaRre. and the course Of this stock
with more than usual interest as It viii DOUBT.
| street.
The total number Of shares dealt in was 1870,
OF which Lake Shore represented 1900; Della
ware, LackawaDna and Western, 50,S25; New
Paul 5,GoO; the preferred, i5s9 New York
Central 1875 Northwestern, 4eOO. the preferred,
| b,s5O Rock Island, 5,2l0; Delawa nd Huds on
| Canm. LOGS; Michigan Central. 1900; Wabash,
Loo Western Union, 200; Atlantic and PLcIac
Illinois Central. 4oO; kanrss Pacific, 200; Mary
land Coal. 400 Morris aud Essex, 00j; Ohios,
| Fargo Express seo: Adams Express. 10 ROCK
Island, 100: Erie. 100; Hannibal and St. Joseph
| preferred. 100 Chicago, burlington and Quincy
| 80; Cleveland and Pittsburgh, 80; and American
| Express. Is.
I he gold market has exhibited no i'm DO tant
feature. inside from a decline In the rate OF pre-
| MUM from 1l0is to lWl7s on the fact that addi-
| tional shipments OF gold have been received
from London, and that larger trade IN cereals
for English account is confidently expected.
Ihefonowine were the principal transactions:
1919 A. NJ. nos 1887 r 81. loals 3P. M.....i0sH
In loans the rates paid for the OF gold 2s
The total cesrlngs at the Gold Exchange Bank we're
tl5,dj2Opo gold balances. tlSu2.N2S and currency
ba.snces ~. idpdS5. The SUI. Treasury reueemed
10000 III called bonds, and paid cut IN coin interest
| on the public debt t24.oOO.
Tine day business AZ the United States Sub Treasury
l73J4; DO. baiance S 96s ISL 63; currency receipts
tiO5. e0l.pO do. payments. $500 ssSi2; do. baaure
t3A s2e654.53 Customs S375.OOO 81 $50 cane eed
cllD certificates cent to W Arlington. Dc.
The bullion In the Bank OF England decreased
$4,000 The internal revenue receipts 100000,
ma the customs receipts $500 900. The Treasury AT
Washington reviewed t7Oo,ooo In national bank notes
for redemption.
Foreign exchange continued at SASS for prime
bankers 90 days bills, ana ~ htlt for snort slght.
| The money market has shown, comparatively,
suA degree 81 activity During the early Of the
the rates on call loans were noninay lJsc2 cent.
sprang up ana high a. y cent. was paid. though
later the supply close the cur.
| rent rate was again about cent.
discounts ruled ~ so cent. tor hrst-cass names.
| Government bonds active large rues u
registered aud coupon 87e made NJ l1Bis regis
tered Is " III al ll1k aud coupon 5s OF 81 ~ 1laSs
| iliA.