The New York herald., 1876-09-04
FINANCIAL And COMMERCIAL.
Important Events of the Week
Future Prospects.
THE MONEY AND GOLD MARKETS.
Government and Railroad Bonds-The New
Four and Half Per Cent Loan
WALL STREET.
SUNDAY, Sept. 3, 1876.

Although the volume of transactions curing the past
week the Stock Exchange not great on the
preceding week there still good deal of activity.
This was rather the result of consequent upon
movements already noticed however, than dependent
upon any new phase OF affairs The great auction sale
500 900 tons Of coal the placing OF the new four
and half per cent loan the most noteworthy oc-
currences OF the week The market also infu-
enced somewhat by reports concerning the railroad war
in the West by reported reductions in the trunk lines
rates and concerning the reconstruction Of the
Erie road.
THE
The great coal auction the leading object OF at
tention early the week. Not until the prices real
ized had established its true character was 1t accepted
as a bona fde sale Aud for some time aiterward the
street seemed to be at loss how to interpret It's
mcanng-an uncertainty that was indicated by the
irreguarity OF the prices OF coal stocks
the sale the returns OF the coal tonnage have at
traced a good deal of attention. From these it is
found that the companies which have moved more coal
this year year the date, with the ex
for each the Lehigh, sl657S tons; the Gen.
tral, AGA, SOL TONS the Reading 425,597 tons; the
United Railroads OF New Jersey, 295,35S tons; the
CIearGeld, 2o5 1O6 tons; the Philadelphia and New
York. 10 500 tons, the schuykill Navigation Com
pany, 81 OO5 tons On the other hand the decrease o
tonnage has been ], 239 1877 by the Lackawarn@
3SS by the Delaware and Hudson, 266 457 by tho
Pennsylvania Coal 197,950 by the Shamokin, ana
690s9 by tho Huntington and Broad Top. These re-
turns show the gross inequality of losses and gains
which caused the combination to collapse With de-
crease OF LOIS, 400 the amount of anthracite
mined this year. compared with the product OF last
year to date, while the decrease in btuminous was
only 81 500 tons the combination was compelled to IN
ve by lower prices lest the costly mines
should become comparatively vaucless-
THE FOUR HALF PER CENT LOAN
From the advertisement which appears in another
column it will be that the subscription lists for
the new four and half per cent u nding loan OF tho
government opened by the representatives of the
European Syndicate will DO closed ut four O'Clock this
afternoon, after which intending purchasers will have
to seek it in the open market Tho present subscrp-
tiou price of the new bond is l0OA, which has Its
equivalent in the subscription price placed on It in
London-lO3Z. Accounts from London state that the
banks and investors there selling consols TO
pare for the purchase OF the new American bonds,
which likely TO become attractive on the other side
BUSINESS OUTLOOK
for the week Is generally brighter. The dry goods
iobbng trade discovered considerable Improvement
although The package trade has not been quite active
as that Of the previous week. In domestic cotton
goods also better export trade has been done to
Great Britain.
Late bank statements attract some attention in
sequence the large increasing OF above
legal requirements.
Last weeks bank statement shows an increase in
total OF 81 300 made of 1876 700 specie
and S4sl 600 legal tender notes The gam in surplus
reserve is $15247 IT'S, the surplus being
$40, 774,b50.
FLUCTUATIONS
During the week the greatest fluctuations were in c..
c. c. and l., which dropped from Al ;. to 80 The next
widest changes we're in New Jersey Central which
fell of from 4Ok TO 37l advanced TO 4lsl and stil
later dropped TO 355l. Delaware, Lackawanna and
Western declined from S4}s to so, rose to S4is ana
finally sold down to SIX. Delaware and Hudson Canal
declined from s6h to S0a4, recovered to SO and still
later dropped to Sly. Among the Western shares ST
Paul was noticoably weak, the common declining from
"a 10 20 and the preferred from 674 to Ca Michigan
Central declined from 40h to 3s1s, Illinois Central
from s9zS TO S. Erie from 11ta to Ga, Lake Shore
from 541. to 81 Northwestern common from 81 to SO,
nreferred from e17S 5s and Ohios from 12s to TO-
estern Union ranged between 6s7s and 7ojs and Pa
cac Mail between 2l5s and 23A. Among express
stocks United States dropped from "a to SO and Adams
from Ill to 107.
THE WEEKS TRANSACTIONS
The following table represents the opening, highest
and lowest sales regular way of the principal stocks
during the past week, together with the number Of
shares dealt in: -