The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-17
FINANCIAL AND COMMERCIAL

FRIDAY, Nov. 16-P. M.-Tho spccula-
ton ut the Stock Exchange again reflected an
| alternately strong and weak market. but pre-
sented no features which could be dgnihod into
special prominence. Delaware. Lackawanna
and Western, Lake Shore. Western Union,
| Michigan Central. and the Granger stocks rep
resented tho bulk of the transactions: these
shares opening steady. but soon declining 20
Ia y cent. after which there was an advance Of
's@2%; the market closing weak at n reaction
OF 1s@1A v cent. AZ compared with the best
figures ofth day. Michigan Central attracted the
chief attention because Of its wide fluctuations,
this stock having suddenly dropped from Ga at
the opening to 62S; but II as quickly recovered
to g. and subsequently rose to 65. though again
| yielding to 635s@G3As at the close. Lake Shore
declined "a y cent to OK before the first board
and then advanced 10 6Sk, with subsequent
changes between these figures and 671s. West
ern Union opened weak. with sudden decline
81 = 10 ~ IN conse9uenre 81 The action OF the
II violation Of the Constitution OF the State in
| consolidating with the Atlantic and Pacific
| Telegraph Company; but u frmer tone con
trolled the Subsequent dealings in this stock.
which advanced TO 79% hut sold at ZOE. in the
| final hour. Delaware, Lackawunnn and West
crn also nuNunted widely, with an early decline
~ = Y cent. 70 a and later rally Of ~ to
asSasr WHIP WHIP '9p I'm ~ Paul. eni w closcd cd At
II the morning. but subsequently rose
Y cent, with y decline Of I'm the
weak. ana then strong with finally n decline of
= per cent Pacific Mail WIS hcnvv throughout
the day and yielded from 29% to 22sl. seller 80;
but Wabash moved up | y cent to II. and
inaintaineda firm tone, without any important
renct ons. New York Central was weak at the
trial closed ut 73ii seller 4! M against as nj the
opening. Delaware and Hudson and Morris
ton further recovered TO 20. Rock Island rose
to lol =, and Erie was dull ut Q4@ 1922 : the re-
mainder OF the list having been practically
eglected. Mariposn advanced from Ia to L..
on increased transactions.
The operations to-day reflected further ma
n rise. but liberal realizntons in the late bust
ness caused the market TO recede. MS above al
The gold market continued duh. but de-
cid,dly frner tone controlled the speculation.
final sales at 1928. The unfavorabe reports
from Paris respecting the critical condition of
political affairs in France. influenced the pre-
The following the principal quotations.
1854 1851 ii@s 's ss % ss SSF i lSs
In loans The rates paid for having balances carried
hnehage were slslI sod balance. 81 loe6 .l. aud
dsrmed s!as IN sssS Hon rue sI s re e c Tr
in,crcs, on ihc public debt Ell ~ pau
was Gold rseelp,s .s.s 7lss2 gold paymeu,. secs
ssnseo 80 so roy s7s5 s pasme n $500 49, CURRENCY
were ssslca and the CUSTOM. receipt, ssSS"o Tie
Treasury also received s130Ocu IN national bank
Tor redemption.
The bullion in the Bank Of England was decreased
fip1tp
The Treasury balances at the closo or business in
Washington were. Currency. elepppn. and coin.
el3itpnl. less ti3pnOp coin certificates.
The Imports u dry goui. gold valuation. the week
ending to-day, amounted to ss72,2i2 and syOnuv7
marketed.
o. The earnings Of the Kansas Pacific Railroad Company
nom Jan to Nov. :. inclusive show incr, asa' OF
FIJI ,hl7 ~ compared with the same time In 1919
Foreign exchange advanced tu - 81 and ~ ~, for
time and demand drafts respectively but the business
was lsht
In the none, market call loans pledge NJ approved
stock collateral RANGED during the morning al aSd Z.
cent. hut the ohgnss were more abundant the
noon win the rate reduced To- "a "a firsrlass mcr.
ctule acecptances were pufchased ia open market
COR
uuNcrnnioni bonds ruled strong aud shade higher In
sympathy with the nrnnc.. oi gold and exchange Reg
lsi"r'd lrsps were sold Mt Ai.dln1't coupon i7s
lp-s coupon ISIS, no. coupon "a r. cents at lptae