The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-03-04
FINANCIAL AND commsRcIAL.
FR1pAY. March 8-P. M-Tbe gene,

FRIDAY, March 8-P. M.-The general
tone of speculation at the Stock Exchange was
decidedly improved, though an irregular mar
ket characterized the morning transactions
Lake Shore was the leader Of the upward move
ment, but, after advancing from 62 at the OPEN
Ing to 62a, was suddenly forced down TO the
early ngure, at the same time that Pacific Mail
WIS vigorously attacked by the bears In tho
hope OF breaking the remainder of the list.
This stock rallied quickly before the first board
from 20H to %s'.. but, under the influence above
alluded to, suddenly Welded to 25k, and West
ern Union also at this hour broke from 7OX To
OeH, seller3 3. From this point there was a gen
erai rally, but prices later became alternately
weak ana strong, though in the 1nal
business the whole market assumed
much strength, and closed huoyant at aoout the
ppest ugures OF the day. The late dealings In
Lake shore we're specially noticeable because Of
the active scramble OF the shorts to cover out
standing contracts. and under the stimulus OF
whlch the price advanced TO 643s. Western
Mail was IN higher at eosl. The leading specu-
recent downward campaign, have been free buy
ers during the past two days; but the smaller
%, nesrs did not become thoroughly frightened I'M
The Western shares quickly responded to the
onanGe IN the speculative current, 81. Paul NOV
ma up ~ U cent. to ~. while Northwestern was
better at 49, and the preferred Il. at 6i1s.
The other snares did not enter as prominently
-
TO lSh Michigan Central y to Oh. aud Ohios
y To- 2iH . Panama sold at LIS W YORK Gem
Chicago and Alton. 10lA; Wabash, 3JsGc3k and
mis-, our, Kansas and lexas. RA.
., Ihe total number OF shares dealt In was 90
3l5. OF which Pacific NJ III represented 6j,2U0;
Western Union. 74.059 Lake Shore, 74.700 Ere.
$40 Northwesiern, 500; the preferred, 2,sOO;
iierred, 2l0o; Mlchig n Central. l,iOl Missouri,
Kansas and Texas. LOO; Ohios, $500 Consoli-
coo; Wabash, 40; New Jersey southern b00;;
New York Central, 400 Chicago and Alton, $50
1e3; New Jersey Central, 2O5 St Louis and Iron
Mio9unt1in, ~ Atlnntic and Pacific preferred,
100; G., c., G. ana l., 100; Delaware, l. ,ckawaDna
ana western, 100 Delaware and HUDSON Canal,
no; Hongio9l and 3. Joseph. llO Illinois Cen
100.
The gold market opened strong under the in
nuence OF desire ON the part OF the be close
their contr cts, they having become alarmed
by the serious aspect Of affairs at Washington.
The price quickly jumped from 1l4sl at the
opening to 10 at which point, however, many
OF the larger holders commenced unloading.
foreign exchange to a. 50 and f4sO for Brine ne
sterling sixty days and demand bills, added to
the announcement that $4,000 gold engaged for
reaction to llis.. At which figure it closed.
Toe following we're the principal quotatonst
1852 1852 4 n n iiii 1929 1929 iIis SS
100 A. Nj. .1l5 lll;2i A. M...lli& $500 p. M...iiIT
In losns the rates paid for having balances carried
me total ciearngs at the Gold Exchange Bank were
tfB5S3OoOi gold bilancee fNSl SO and currency bal
sncrs, tll43,3Sd The subj redeemed t4OSOOO
In called bonds. and paid In coin Interest On the
puDltc debt t2l1.OD0.
, the days business at the U. 8. Sub Treasury was;
Cod receipts u. g7253' d. payments, 35d GtD
63i % baance ga $50 Ogt.6S currency recruits tNpi
as % do payments, s1gs, 5s6S5 10 balance t36 2S5
3yd .t3. Gus Oms. t225.OOO.
The hui lou Ia the B4nk OF England was increased
$4,000 to-day, anu the Imperial Bank OF Germany
gained Sl3lOOO marks during the past week Tie hi.
terna revenue ana tie customs receipts $500
each, ana the Treasury at Washington received 1901
OO0 n nauonal uanS notes for redemption.
" A. ea1f
the moruiag al 3a3lS cent. but there we're IF Of
felng, later a. a2ya. Discounts ranged at i4e6S for
prime signatures.
Government bonds ruled nrm. but the business was
restricted. There was good demand however, for
1908 and 1905 new and large transactions IN regis
ter ~ 4Os anu new b. OF 1884, having been
sought b. the foreign bankers sales options
In tnls market.