The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-02-01
FINANCIAL AND COMMERCIAL.

WEDNESDAY Jan. 3l-P. M-The opera
tions at the Stock Exchange reflected an unusu-
ally large volume Of business. which was char
actcrized By wide and frequent fluctuations. At
the opening. Western Union spurted up from
76h 10 II. and Lake Shore at the same time
= better at 56'.. accompanied by a rise in New
Jersey Central from 24'. ~ %. From this point
in the latter stock however. there was a sudden
downward plunge 20 az, on report that the in
tcrcst due Feb. on the first mortgage bonds Of
the company. and amounting to sl75.OOO had
not been provided for. rapid recovery to 23
and an equally sudden drop 10 22'. again
were soon recorded; but from this time
onward the stock. amid much excitement
moved actively upward 10 u. when announce
mcnt was made that tn" 100000 OF certificates
ol indebtedness authorized by tn" directors IN
December was being freely suie 'rihrd for 10y
tn" stockholders at their meeting this after.
noon. the company having pledged NJ rullatrru
security the bonds Of the I.ehish and Wilkes
barre Company on a basis OF ca. \ subsequent
rnnction 10 25i I. wils established however with
closing transactions al 20. Delaware, La'ka-
wanna and Western wis weak from the start.
and az tn first board broke p cent Ia o. a,
qu"ntly recording 69N ngan. winch was tho
highest point of the day, hut chasing al a..
During the stampede IN the coal shares Lake
crat'ly steady. tut both stocks gradually be-
cnme heavy during The Afternoon. and closed
which were the lowest point. ~ the day. st.
Paul preferred received NOR" than the usual at
t"ntion. because oi an old SUIT now brought
up again in the United States Court in tins
city. which had induced some free sales ior u"
short silrni tn. account: hut tn" price II the
stock after varied changes from ~ ,oe47 4eoal'
e'a7 eoi7's. rose rapidly t. 4st. and, after
touching 4, again. closed at q Gas Ins
common. ali'r rising from ls's to l. =. broke 10
Is without Intermediate transactions; hut the
next sale was Is, with subsequent deal ln-s az
ligh a. H. and closing NJ ls's. Delaware and
Hudson and Illinois Central appeared To- follow
the course Of Ia" leading coal shares, AMI tho
first named declined during The morning from
co Ia 'o ht recovered totl - IN the lht'r trans
actions. with linal sal,s AZ 0o', "a" latter. at the
same ilm". dropping from 81. e. So but rally
tons were recorded. Michigan Central 50 far
sympathlI''l with the fev"ri-h condition Of tn"
market lrforr u o'clo'k a. to drYpl e. cent. 10
closed at In" lowest Arurcs of The day New
YORK Central was =, lover AZ lo4, seller 3; and
wabash sold down a r cent Ia "a o, and ku'k
Island al lul. in 80 share amounts. To- lol's. Pa
rlilr Mai waS d. lower at a., and o4i"s ranged
Notwithstanding the fact that Western Union,
lhk" Shor". ana other l"Hdlng shares closed
heavy, III" feeling WIS heit'r alt'r tl" bus moss
waH over at th" INrhHng" hrcau-" OF III" Ia 20
that the New Jrr~.y Central had provided i9r lis
immodint' ol ligatiun-; this stock. in apprchen-
son that such would not h' the result having
the pnst week With "A further recovery m is
price on Thursday the general list Will doubt
less improve.
Thc total number Of shares dealt in was 2iS. sio
Western rnion. i7.5oo' ,lnkc Shor' 3l'o'e: ST.
Paul preferred. ~ sn"; Mirhigan Central 5.s'r ;
s.. Paul. A5m; Delaware and Hudson Canal,
| S,ah; Norhw ,st'rn prri"ri a, llpl, l,qhpis
rp nG. 9 4% hI gn S" I5S i IN M aI
| TOO: Wabash. Sont Ohios. 40; Morris and lt,seN ,
%; Eric, go; Northwestern, 200; NJ. l.. and
Qa,ks,',cr ' lio; Hannibal and H. j., 'rG'
/ pri,rr'i ~ Nhlrfn ana Ai.n' 100 Nmnt'''
and Pa M Telegraph Co.. 100; Adams ENpr,s -.
/ nj L. A