The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-13
tININCLIL dND ,OMMERCIAL-

MONDAY. Nov 12-P. M-The operations
Mt the Stock Exchange further reflected tho
withdrawal Of substantial support from tho
market. and selling out by several prominent
spectators who had recently been induced 10
purchase for an upward turn. Michigan Cen
trail led the decline up to midday. having
yielded from G1 at the opening 70 591s. and Erie
dropped from 10Y to 90. Lake Shore was also
weak. and Delaware Ia,ckawanna and Western
fell of 10 4GT. Western Union. however
ruled strong. and after defining from 701s ~
79h rose to 70'l but reacted to 7s5, seller 3. in
the final hour of trade. with closing transact
tons at 79A. buyer 3.
The chief speculation. however. was not de-
velopcd until the second board. when we'll
defined bear attack was made upon Lake Shore
under the influence of which this stock
broke ~ u cent To 6GA, Michigan Central
followed with another drop to 57ts. and Ro'k
Island sold down = 10 80. The Norhwcstcrns
were and Ia T. cent lower at 33S and 90 for
the common and preferred. respectively and
St. Paul common declined = to 324. the pre-
irrrrd ranging at CT Hec6G sey61A New York
c Central To- tTn Mtrrs sn TO f Ios I In
and Alton, sold at 7G@7Gh@75A @7G%. and C.,
G.. g. and l.. on limited transactions. declined
from 3d. to 37A. Delaware, Lackawanna and
Western touched 4Gk.
The bears controlled tho general market
throughout the day. and quite an important
short interest was created but inst at the close
slight recovery was cstnbl ished.
lhc total number Of shares dealt In was
lt6769 OF which Lake Shore represented 80,
$50; Western Union. $500; Michigan Central
iis9Q; Delaware, Lackawanna and Western,
ll2l6; Erie, lO6OO, Northwestern, $3.50; do.
preferred. $50; Rock Island. $500; st. Paul.
100: DO preferred. 600: Nv York Central.
$3.50; Illinois Central. . 500; Ohps, 200: Pa
cine Mail, tl20: wabash, 300 st Iuui-, Kan
sas CITY and Northern 300 do. preferred
2on; liannihll and 81 Joseph, 900 DO. preferred,
a. fr.t ftr a
i6G Delaware and md Hudson canal iialo oni.E
SILVER. 100; do, preferred. 400; Atlantic and Pa
llngton md Quiney. 400; C., G.. Q. and l.. $40;
Union Pnciilc, 300; c., C. and |. G., 100: New
Jersey Central. 1875 and American Express. 100.
In the gold market n firm tone rnara tcrizod
the transactions. tut no ionturcs Of special in
t"rrst were presented. o. ming, at lO4., The
prl'r soon advanced 10 1923 hut closed at 1924.
fhc following were tht principal quotations.
1854 1871 i @ 5 s9os H. IT,. s 80 I S3l,
In loan. iho rates nad for having balances carried
The oin cicarni he cold pcnaruncntof the stock
cGar,snJ' 1slanees ssia9 , The Snor,'asHTg r.
I'M. rest un tie public d.hi 5000
The days business g the um'cd s,".s suhres.gry
- ~ gold balance siD 6l'da ~ currency receip,:
saanDe ssoG S iGs p1 Saa: s3,9 currency
Ihe Bans ~ England lost t2uW" on balance today
hr,t week IN November show an increase Of $sa a. as
anl Aio4 ai,e shows sam - j5 y % nc same
pcii'h. Ihc 1t l.ouls. Kansas cay ana northern Kali
ruHd gained - S2 - also IN te rt week ~ November
hut lost from Jan To Nov ~ 5id2O as compared with
tlr CORE Spending naritsi ui 1876
Foreign cNehnnge ru,rd quiet At the nominal quota
tons ui - ~ AMI - SiS tor time and drnlnnt ORA T.
Vlth III" s.ng rates At a. eOti 81. and a. ~. 80 ~
respectively.
MONEY was In better supply on call at Sos y cent
with The final quotation. At The higher rat Prime
c"nu, accoltnccs passed at o,sS according to date o
/ maturity.
GoyeInment bonds reflected good business, with =
lower but there w"rr large transactions also IN coupoi
l~S new coupon Os VI ISL registered lees, and s.
ISL