The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-02-06
EINiNcLIL IND COMMERCIAL.
MONDAY, Feb. 5-P. M.-Thc grrot feat,

MONDAY, Feb. 5-P. M.-Thc grrat feature
Of interest in the stock market was Western
Union. which further declined II Z cent. from
20. 70 74'5. and closed at the lowest points Of the
day. There WIS an unusual amount Of gossip
floating in speculative circles respecting this
stock. and even after the close of the Exchange
operators We're greatly mixed in their views.
Negotiations have been recently pending for the
transfer of "a controlling interest in the Atlantic
and Pacific Telegraph Company TO the National
Telegraph line of California: hut the scheme
was not consummntcd. though tuis at'r ia
was not known IA wall street sufficiently early
10 check the downward tendency created hy
for the account of both large and smnli holders
thllcd with the wcakncss n Western Union.
hut declined from 5t', To- - :. though suls"-
qucntlv recovering Ia the highest figures, with
iutl Sale at - buyer 3. "hiEan t'niral
also yielded a = cent. 10 46a. and Pacific Mail
from % 4 To 254 buyer 2. but subsequently raj
lied to 25'i buyer 3. which was the last transac-
ton. ~. Paul preferred assumed u iirmer tone
AT p q cent. advance 10 o.. having opened at
go and the coal stocks were onspicuousiy
strong. recording "A rise of 2 e. cont. To 7O- m
Delaware. Larknwnnna and Western. and IT
] ln New Jersey Central 10 y ,, though tins
latter stock aitrrward liu ltuatei between these
figures and 2dR, with late dealings at % b.
closed nj g =. and New York Central WAS 4, Z
cent. better at ln,4 at the morning board,
though IT lost rs niVan, at the cio-c. Chicago.
burlington aud QUINCY recorded mol" than
usual ,lpnlincs at liG', for ~ share amounts 10
M, and finally sold az ll6 D. Delaware and llud-
son advanced from 81 d, to 81 .Wltnout any -.lss
after midday. and Atlantic and Pacific Trln-
graph Was y cent. higher at Ice, probably ia
consequence col "a suppAS ii change of owner
ShIp. alluded tD above. Illinois Central rrtON-
cred = to ~ a. but sold e cent lower ON re-
celpt Of the annual report pi tilc company. In"
was dl. at ns"N'."9 o.. ana Harlem rold 40
lioaalfnr. Tine remainder OF the list docs not
require mention.
Tine total number Of shares dealt I'm WIS l1a-
10. of Winch Western Union r"Er"~'ntI 3',''n;
Delaware, La kuMannu amt Weston, ll,Nh,
Lake Shore. 1914; ST. Pau. pref rr'l i4.'oo;
34ou; li"lh Mail, 2.@p, New York Cnntrh,
1919; uu'on IMili'. LOO ST Paul. a'o' LEMONS
Central. sil; Wabash, sos; Morris nnd rs ~.
3m; Chicago, Burlington ami Quincy. blo' At-
laullc AMI Pn ~. r"loeruph Company, so!i
son Canal. 800; Ohlos, en; American ENprss,
&o' Northwest rn' loo ne prrl'rrnd, 3.'' -
| Cleveland and Pittsburgh, 100; FD!l NaNnr, lNp;
| Hannibal and st. Jo-rpn TO-. United States
! IApr'--. i"o; and Chicago and Alton. n.
The gold market further advanced from los /.
az thcopruiu-, to 100 a, ana closed al the h XII st
! i-,urOS. There WAS agoOi buying mpN"mrnt
| both Tor account ni the shorts aud spe,ulniors
! Tor a rise. The President : M ssA-sr Ia Iuugr $50
rcspe ting the early resumption of spe'lr pay
mrnis was "A disappointment 10 the bears. and
| presented no nov ia ts with VIII ia ia" husl uH-.
/ llhll'W was lnlh'r,Hly hiniHr. iu'hiI hNr h" "a
! plgronhol"d IN the Ways mud Means Commit
| Zee room, md Will not probably Ice a.gln disc
! turhrd. Tho measures for resumption nIrWiv
enacted lbs Congress are working WE'LL hui tho
! retirement of laeid lenders would hH moro rapid
! If Congress should repeal IN" / per cent tax ON
circulation. which Just now is the great STUN
| bling blo X in the way ol a gradual rau citation
oi InIuad States notes. wlll'Ht tlo suInu time 10
| would check further r'lu ton IN pahhinS
| capital.
ia, ioiowing were the principal unn.a' tons
TO-. i',4AAEG "ii%S, '5l55fN ~.
In i.eu.. ~. r'D, pigl hr lnaent lalo.,, ,''o"i
! "rrr t'l"H 80 ."i nl'll. , =. - 'H' Hnl fnnh -