The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-01-11

"WEDNESDAY, Jan. 10-P. M.-Speculation
at the Stock Exchange developed an irregular
market during the morning transactions with
Lake Shore and st. Paul preferred weak, while
Western Union and Michigan Central were
strong. The attack upon Lake Shore was based
on belief that VIM. ii. Vanderbilt would dis
tribute $1,00O.00O each to his sisters instead of
the sums beaueathed in the Commo doro's will.
and. under the influence OF this bear movement,
the price declined from 54k to $50. inasmuch
as rumor had II that Lake Shore would
be one OF the securities thus disposed
Of The break in st. Paul preferred from 5JJs to
Blk was easily ACCOMPLISHED, and much impor-
lance was attached to the fact that the Earnings
Of the company for the first week In January
showed decrease Of S3)O67, as compared with
the corresponding period Of last year. W es,ern
Union, however, rejected great strength
throughout the day, and steadily advanced from
~, to ,3X, closing at the highest figures; while
Michigan Central. In the early transactions,
moved up from ~ 70 49,. though subsequently
Paul common W y cent. lower at l9x /;
and Delaware. Lackawanna and Western feii II
, To- , ISS TO- ,S.' though recovering to 7c,' in
stricted volume OF business Rugged at 26x for
less than 100 share lots Gt361s T3s k13e,s hut
LIMOS Central, after DROP ling IRON IS at the
opening to az. rallied to g. and closed at 63S.
N,sw York Central solo at Ice In small lotsD
u
win Tue nteferfed advancin t. y. Erie ranged
n g1s6tai.. huver3; Rock Isl nd at 10lA seller
5WlOl DlOl3. Luyer 30; aud Ohios at a. in 10
snare lUtsU1t.I7H but the transactions IN the
remainder Of toe list did not command special
remark. Lake shore, however, became strong
III tue afternoon dealings, ana again rose to 5iA
the highest point Il the day; the general mar
ket closing strong, with Indications Of further
Improvement in urces during the week.
The tot.l number Of snare. dealt In was IN, Gel
OF winch Western linton reurrsentpd % 4iD:
Lake shore e. $50; Michisan C-n,rIl. q.ii5; 81
ne rot 4 D.slI.
l. ckawanna ana Western. 500; illinois Central.
2i5i; New Jersey { 'ntral. l.o5O Rock Land, $40;
II tunioal ana ST. joseph. 40; Nurthwestern,
2Jl; the preferred 10 QUICKSILVER. D.; the pre-
EXPRESS; l5O; Hannibal ana 81. j seph pre-
ierred, 10. VI. l.. and N. Co., lO0; New jersey
southern, 100: ONO prefe rred. 10; + cine Mail.
lOj; cine II Missouri. 100; W.lis Fargo tx
press. 100; ana haflem, 20.
Inc gold m rket took a downward turn early
r. the day. and. after openinl at 1O5 AS gunst
lvjA 1t tne close last nient, declined to lOi' +. |:
bat at ihis point the market assumed a nrmer
creased by the days operaIons
The following were the principal transactions,
10 iSo, Hsv'.ilSSee, 1873 4. iSes iloAM .Ioo,s
lo'O2 A. NJ. iod ii0i 4. NJ. iooSs 800 r. NJ. ioJls
In loans the rates paid for havlnz balances carried
The Ietai dc rings Gold Exchange Deplrtmen,
ny ec HS gs.1Tq Ss u ssS sss ssr
a. s,ec d S1eS anu paid out In coin interest on
The dsvs business ~ the United States Sub Treasury
wa Gold receipts t3p27 ga ~ COLA payments ss0d.
nS,e 300 balance s0l,ls2 sss 81 currency re.
celDts, tt2booO ~ currency payments teyStii 90;
curtrn y balance Hl.O2i.lyO.73. Customs $253OJ
ton -. c
The internal revenue receipts At Washington TO.
w,re $3.50 600; and the custom receipts, $4,000
TIE Tr-ssuy also received t6O.OOD IN nation 4 Isnk
notes for redemption he bullion IN the Rams Of Eng
Land E02 0OO Inc IRE Jury palancesatt
Gle - business We e Currency t5o0,OoO; com.
tdgvOipup. less tJi ,5OO.OoO G n rtiucAfcs.
Foreign exchange continued dull but stealy at - "a
ana ~ ~ for line demand drafts, with concessions
OF s1iec. IN actual negotiations.
lng no icy market WORKED easy. and loanable funds
on all we're freely "a red at G7 cent, with nuAl
de lnss AZ O. firstclass Mercantile paper passed Al
6lfs7 v cent.
WIN the reaction In god. ont nrner chacterizrd
the lattr trade The pri ciua dealings ~ ress.
tered and COUPON 30 Of 1881 1857 coupou and
REGISTERED 1885. new, anu currency q Tue bufincss
"as caa ter Lcl by more than the usual activity, aud
ihNesim' nj .emand from SAVINGS institutions
brisA tnruu.hout the day The market c oscd strong
The following were The 4. II. closing prlce..