The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-04-05
FINANCIAL AND COMMERCIAL

WEDNESDAY, April 4-P. M.-The whole
army Of wrcckcrs. curbstone brokers' and
large class OF gossipers. who have no occupation
except 10 eloat over the misfortuncs Of othera
appeared in the street early in the day TO wit
moss the elimination OF a nrst-class panic
Much TO their establishment the market after
opening weak. became marNeously strong
Western Union. Pacific Mail. and Panama raj
lying from to q, points above the early prices
II was soon discovered that the banks had as
sisted Mr. Park in his trouble and that all his
loans had been extended. This together with
rumor that the Western Union and Atlantic
and Pacific Telegraph Companies were ncgo-
tiatng for "a settlement OF their difficulties gave
new confidence 10 the general list and advanced
prices were recorded. Western Union sold at
59b; Michigan Central. i0'4; Lake shore a. 4, ::
ani Pacific Mail. 49,, The coal shares APP
peared to be among the sto ks neglected not
withsfanding the meeting Of the managers to-
day. Tn" public have no conldrn'r in the
heneits to bee derived from any combinutl On
samn,on ~ caa T. So smoi hShur t me ' coai
properties are estimated by all parties Of great
iniute value. the condition of trade l. such thar
dividcnd- cannot be counted On for a long
period; hence these shares are not attru tive to
the average Spe"U.ntur At the closr Panama
Mail 10 Isl. Ncw York Central ~ ok Miehi.
~ Central to 4OA. and better feeling was
generally, apparent, though the coal shares
John Pondr. whose suspension was an
noun"rd Yesterday. -um"d to-day.
tn" total numbcr of shares dealt in was col
9iS. Of which Western Union ropro- ontcd
$4,000: Delaware. lhrNawanua and Western,
81 900: Lake Shore 39.G3s Michigan Central.
2j.1lu; New York Central II 500. racin- Mail.
ljGSj ST Paul / 300 the preferred. ; 300: Dot
nwnr" and Hudson Canal. 4.u75 Rock Island.
3,im; Panama l.bi5 OuiOs. l.2Ou; Erie. I1BO.
Chicago. burlington and Quincy. 1000; North
western. 900; inc prclerred. $50; HHnnihal and
II. Joseph, 500; Illinois Central. $50; Union Pa
.lll' 800. United Sturs Express. $40; Fort
Mgynr. $40; Harlem. 22O; Allanti. and Parid.
Am'rla AN ENpr1s-, 100. Morris and E.sox $50;
New Jersey Ceutral 100; New Jersey lalrund.
III Albany and SusIurhnnna. 100: Eric pre-
frrrd, 100; New Jersey southern, 100; Quick
tn" gold markt reelected u moderate volume
~ business, and the urlr" advanced from luia,
10 los. but closed ~ lOi',. The trmnc-- Of
foreign eNclanse. which was further advanced
t. $780, and fi.s1 p for time and demand
drafts respectively. impaired a better ton 10
The following were the principal transactions.
i lS,s ~ 49,. iS, SSFs 70;
In loan. The rates paid for ha,ns balances carried
The total hearings a, the Gold Exchange Depart
ment Mere sln,'c gold ralange, =. - -, mt
cd si."n,n oalea 2.sis and paid out IN com interest
The day- business the United States Sub Treasury
Wa coli rse,p,s ss ~. ~ som payments so
III itb2ii7t custom! sisa,sG
were teSoci and The customs receipts S5,non Tic
Treasury also RECEIVED shHHn IN national bank nous
errsa.ea l2p' "' '"'" ~ '' n""N ' ENGLAND was
10 money marSctwa' moro aeuvs and the rgte. for
Glass q" stock collateral Prime comma real paper pasted
Tht markc, for Government securuc. assumed a
STRONGER tone, and prices advanced 80. cent. the
The following wer, the 3 T. " closing prices