The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-10-16
fINANCLiL AND CoumERc1AL

MONDAY. Oct. l5-P. M.-Speculation at
the Stock Exchange during tho morning re-
Elected II generally weak market. which resulted
In II sharp decline Of 10 r cent. in Lake Shore
to I0H Western Union dropping u to S1S;
Delaware. Lackawanna and Western. - TO
iQt Ohios. z TO 1ON; Delaware and Hudson.
| to AZ: Morris and Essex. Is 10 a. St. Paul.
z to 80 and Erie. y to l3's but Michigan Cen
trial was the conspicuous feature Of the day. be-
cause Of its sudden advance from 7O's to 7i'..
having opened at 70i, as against ~ at the close
on Saturday. One week ago to-day this stock
was selling at g. but the fact that several Bos-
ton parties were heavily short ut much lower
prices. indsccd MIR. Drew to once more enter
the speculative arena aud seek 10 retrieve hls
losses Of last ycor. Some Of the local operators
were also short Of the stock and the manipula-
tors experienced no dimcuty in obtaining 20
a Of | 2 cent, for Us use until Tuesday.
This move. however. proved unfortunate Tor
those directing tie advance. D"causc the beurs.
thoroughly alarmed. rushed H. to cover their
Contracts. alter which Tho lr'rt soon coiu-
ucnced 10 decline until finally selling at ca.
and 60 Tor IS share amounts.
Tho afternoon busin-~- ia Che general list.
however,. improved unlcr TIE l.ndcvship OF
Lake Shore. Ere. ahd D'awasn lncklwanna
and western the first named :. .yrt. r. to
l2A again. nnd the Inter rallying TO la AMI
20 10. and ihs preferred, which Ind been ueg-
lsrt.d until n" second board. sod az 10 I
!Oi.. Northwestern was Ia ? cent hlgher NJ
IA. ami the preferred Z nj G7'. CHICAGO.
Burlington and Quincy was also ! Z cent bet
ter At lgt~ buyer 3; but Q9icks. ly"r preferred
broke = cent g. aih uni Manu-h declined .
To- 49,. Illinois Central sold ~ 7s4Ta amt y W
York Central r. need at l0i -.a lOs s@iOi -gs
iVs nny,l Vlie rrsietIei ad-
Francis 20 preferred sold at So
Tn" market closed with nrmcr tone. Int
op fgtlrs on either side ~ tho account are
greatly mixed in their yicwr.
The ioinl number of shares dealt IN amounted
in ly5. is5. OF which Delaware. Laokawanna aud
Western REPRESENTED ID 900: Lake Shore. 3d.
$50 lrie. $3.50: dc rrelcrroi 2On; Ohios ~
l5o: do preferred. GOO; Nirn gan Central. u.s.
POO: Western Union. 1900: Northwestern
4ssp Delaware mad Hudson. 42lj: New York
Central. 4.2ii: Illinois c ,ntral., 2.l5O 81. Paul
silver. 500; TO- preferred 200: Ghica@o. Bur
lingion and Quincy. 800; Union Paclfe.. 500;
Chicago and Alton. 4s6: Cleveland and Pats
lursh, AZ; 81. Louis and Iron Mcuniain. 800:
I1rk Island and G.. {. and l. G.. cg IN. 800. C..
G., C.and J.. HgnniDa. gnd 81, Joseph preferred,
lnrh' Mai. rlch. 200 Pnnema. 2O7 IL. Maynr
100: Harlem. New J'r-. South ru. 81. Ilul-
n n1 Ssi on ny ind o' s ss'g r,"o snS p5
re,d 70 Al iio' Nv {ork and .Ncw Haven, = at
1A" -old market assgfn'd hrm'i' tone. and
advanced itpW lh'' 20 lua.t; hui the bulk oi
a.. business was al ia a, ainousn cios.n. a.
ia. rlov.n. were tire poo-,osi quotations.
ioul 4 ~ Jos. i-,5 T. ~. .iaJ. 5GIN Is.
vrea Is. IT, : ce Ea.a ' t'''- balances carried
iae 'a'o eoariga, AZ ~ III, p.garmenrol ,he sigck
0i orrr.' alamo p i7.'ot the subrrasnry
me. .io. H., -. "o' '"' ''' IA com
ii' a0' .,u,,,' t,'4. tn'd s,a'es -lbT-cs.ary
H