The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-10-10
FINAYCIfL AND COMMERCIAL.

TUESDAY,, Oct. 9-P. M-The early strin-
gcncy Of the money market and the advance in
tho rate Of call loans to the stock brokers to 7
q cent. gold, causcd n futtering among tho
weaker class Of holders OF stocks. and pres
sure OF offerings was soon apparent The lead
ing specialties consequently began TO yield
freely at the first call and decidedly weak
market was established. Quite number Of
substantial supporters OF the recent rise In the
general list sold out their ventures on Friday
and Saturday. when the steam was fairly on,
and appeared to-day as promoters of the de-
cline. There is no doubt that the sudden search
ty OF money on Monday was the result OF manlp-
ulation. but to-day there were no evidences Of
the market being made artiGcially stringent.
Lake Shore declined from 72S to 7O5S;
Northwestern from 42H to Al; the preferred
from 6s. to 66h: Erie from 145s to 14s:
st. Paul from 41i4 to 395s the preferred from II
to COZ; New York Central selling down ~ Y
cent TO 1oGE; Wabash 70 lsH. though ,subsc;;
qucntly recovering to 20; New Jersey Central
Island 4 to 1O3h: but Western Union and
Michigan Central were employed to steady the
market. the former finally advancing to "a.
after money rates were reduced TO b cent on
call and the latter rejecting good degree OF
strength hroughout tn9 dey at 60 ,g6RS%, me
thus created in the final hour trade, ana the
market closed strong Mt n substantinl advance
ness OF earlier TRANSACTIONS, Delaware. Lacka-
wanna and Western was at times conspicuous,
having ranged at 5i@5Qt@ 2%@ 559pA@5l ,t@g
Gs@ i4@ ~ SG42%. G., G.. g and !. was also ut
times active. and recorded wide fluctuations
As. and aftcrward selling ut 49@ish. Panama
in small lots sold at 1873; Quicksilver on linn
Francisco made its first appearance on the list
OF recorded sales since Its successful reorgan-
ization out OF the Atlantic and Pacific Railroad
The total number Of shares dealt in amount
ed 70 $50 .279. Of which Eric represented 1880;
aH "fT w seSrg SS7i wcstSTn Union g7soo
st. Paul 1910: do. preferred SiO1O; Wabash,
2s sS SMss cenr 1926 i5 d. E r@ 5Srk
Central, 1920; Ohos. $3.50: do. preferred. 400 {;
G., G.. c. aud l.. $500; Delaware and Hudson.
200: Pacific Mail i.lOo C.. c, and /. G. 1900;
Quicksilver. 500: do. preferred. 500; Hannibal
S So q ccS SqsipP LSuRs Kenss Cy and
Northern. $50; do. preferred, 100; Cleveland
and Pittsburgh. $40; Union Pacific, $40: Chi,
states Express 2l7: FortWayne. $50 !: New Jer-
scy Central. POO. -. Louis aud san Francisco,
300: Atlantic and Pacific Telegraph. Alton aud
Tcrre Hauiee. Chicago and Alton. Adams Ex-
press. and Wells Furgo, each loo; Panama. ~
Now Jersey Railroad 90 at l9l; and ST. Louis
The gold market was moro active and higher,
NJ an advance from l02' to ION. but closing az
| interesting features presented.
The following were uic principal quotations
i 1872 i Io3, 1879 1879 les i Io
In lean; the Ta's; PAID TOY having balances carried
VII t ols ri al is s6s dsa p' tho
EXCHANGE wcf, s2Ooas 90 gold Oaiahcc ~ 10 ana
lccmsd sl-i 30 n fsls bouts aud paid out in coin in
The lays business At Ne United states subrrc sslry
was Gold rsccipt. s,s"'' y seld pay ments $50
ss,oaae ~ s7ii ). 'af..oni,. srii'65 '"'''''''
| he re- Vel at