The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-06-17


FRIDAY, June 16-P. M.-The bull COM
bination manipulating Lake Shore still further
pressed their advantage during the morning
transactions, and succeeded In lifting the price
cent. to 55N; but at this point the bears
put out fresh lines. which resulted in a weaker
tone at Box, seller g. during the final trade. The
b. Pauls and Northwesterns were also moved
up as support TO the market, accompanied by
an advance Of h0I v cent, and subsequently,
when these stocks became feeble, Western
Union was wheeled into line. with a successful
rally OF y to 90. There was very little gossip Of
interest current in speculative channels. and
both rank and ne we're considerably mixed in
their Views OF the market. The transactions in
the Western shares were, however, directly
traceable to the old pools In these specalties,
and tn impression SO generally prevails that
the 81. Paus and North westerns are thoroughly
cliqued, that there ia very little trading IN them
except within limited circle The sudden
strength OF Western Union during the after
noon led to belief that this movement was
cover under the stimulus Of which Lake Shore
could be work ed off, but very few of tho sales
were traced to the hull party MichIg n Central
ranged at 4ssei7y,@4s New Jersey Central was
Central dropped ~ v cent. TO iO7, though later
recovering to lOs. Pacific Mall continued dull,
bnt hrn, at Is h125H925is, but the other stocks
did not attract attention, and the market closed
tame, without having developed during the day,
ouItnluk ulOTe Nndn tue local brokers' dealings.
The total number Of shares dealt In was Sal 10.
OF which Lake Shore represented 2o,22s West
ern Union. 11,76l; Northwestern, ,,slO the pre-
ferred, 1920 81. Paul. $500; tho preferred,
$40 Pacific Mail. 200 New Jersey Central,
SOS Michigan Central. 1,is0; New York Con-
aware, Lackawanna and Western, 40; Rock
Island 500; Atlantic and Pacinc Telegraph Co.,
400; American Exprsss go Producers' Con-
solidated Land and Petroleum Company, 200;
o., LOUIS kansas CITY and Northern 100 the
L.. I'M Illinois Central. Pacific NJ ri
iu; Rensselaer, and Saratoga, 100 Cleveland and
FIttsourgh' 20 and Morris and Essex, 50.
on both sides OF the account having decided TO
await the result Of the action of the Cincinnati
convention. The opening price was 1l2al, with
an early drop to 112t.. at which all subseauent
transactions we're effected.
The specie engagements for SATURDAYS steam
ers foot up about t351OOO.
The following were the principal transactions
1000 A. l127l 1902 A. NJ. .ii2ss 800 p. M.liex
En- ts ss aSs f say4E
The total clearlnE at the Gold Exchange ISaDk were
balances Tie REDEEMED s@a sa
~ ~ ID eSed ms ana paid out In coin interest on
The oays business a. the United states subTrcssury
eo5o. DO. balance i1s ii5Sos IS currency receipts
sSs 80 GV customs, We 81 d. balance
The bullion in the Bank Of England was decreased
eeiOis were 500 each; The Treasury at washins
rhs % bSse GIq Ink d noses 81 fO 1u re-
s ses ,ss SsTe and
pomna ss f S9s. on 70, nsas s St the
mand drafts respectively, with actual sales "a s7S
aud t4.sg1e.
Money continued In abundant supply on call az 2a2lx
per cent TO the stock whle Oh Government Sc
curitie- A. collateral the rate 1s2 cent, per
annum Prime commercial paper In request At 100
Government bonds continued active and strong with
a tendency TO higher quotations. The abundance OF
monty seeking employment ~ 2t2s% per cent. has Ia
duced capitalists anu financial nStutiOus purc
these securities. because affording than double
the rates Of interest current In ;he oanug market
The Der cent. bonds chiefly IN D. mad, because
Yielding even at presen prices ABOUT 5s per per
Annuin. tounOn 1907 aut coupon 1875, new lSiS-
closed strong.