The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-05-03
tTNtNcIih ivD CON uERcriL.

WEDNESDAY,, Nay p. M.--Thc opera
tons at the Stock Exchange dcvolop"da strong
and higher market in the early transa. tons.
iut this nrunr-- soon yielded to q wax and
hoavy tone. which was % natural result " an
unloading process Wy some ~ tho T,venty-third
street spectators, who last week suddenly
turned from the boar to the UPWARD side Of the
market. At the opening Western Union al
vnnred from G3' to g. and Lake Shore ut thu
same time rose from 81 to 52's: with Michi-
gan Central z. better 90 1884, and Delaware.
Lackawunna and Wc-trrl o. higher at 5s's--
though opening at 81. New York Central
during the morning ranged ~ 9iAm93A fg4a,
eg3 0ai D.. and Rock Island at g2n9l d % {:
hut Morris and ES-eV sold AT 76a@ 7Ges77 on
76aet77. and -. Paul pref, FRED at 49, .t4g .n
As b. seller 3. 20 ~. Pacific Mail. however. ruled
strong. and advanced from DE- to y a. ON an
nuunDcmcn that sale had be-, II effected If tho
compamy'- property in Hong Kong amounting
10 100000. and which WAS practically unser-
viceabe.
The market became decidedly weak in tho
afternoon. Mt q decline in Lake Shore TO 5lA
Western Union selling down Ia G2', Delaware
l.a"knwunna. and Western To- 5O'. Morris and
- to 90 vi 'hlgrn Central 10 49,. Delaware
and Hudson to iit Rock Island 10 81 North
V stern preferred Ia IA. Panama 10 93 and
NV YORK Central t. l5 tut there was slight
Improvement Just al tia close.
Tn" general fe"ling in speculative circles
seems Ia bee that the HdVanc.. has ls,n too rilpid
and :. further reaction ~ anticipated though IN
may Doe added that the d"pr''-- ion nf tlc pn-t faN
months has been -ue.r'ied hy "A h.linftbnt tbn
bear movement IN railway securities is pructi-
cullv AT An end.
Tie total number ~ shares dealt in was 1922
800 81 whirh Western Union represented 40
100; Lake. Shore. 39dlo; Delaware. Luckawrn-
IA md western. $3.50; Rock island Is 45O:
5eo6 N YER SV Gi pfYr gHd H t%T9n S9ql
sex, 62,J Michigan Central. 42sl 81. Paul
preferred 1000; Norhwcstrrn loo; the pre-
southern, 400: Panama. 34j; New Jersey Con-
tral. 500; Illinois Central. go: G.. b. 4 Quincy
2m; Cleveland aud Pittsburgh 300 81 Paul
$50; Eric. 100; Harlem. 100: Hannibal and II,
ia ph LOO DO, prGSbicrwyvd l9o' 2Gicksycr
YORK nv Hayrn anG N M'Sn d 5" and New
q Thc gold market ruled firm. and moro con
n nT n 5SHs Tss f, =, M o1ras aS loS The
closed At lO7.
Iae- pmcnt Of gold coin to-day amounted
Ku~-eu 4 HIS was to-day admitted to mom-
r-hip oitha cold Board.
The following were the principal transactions;
30 ~ To- q ! \ -i""5 '5SHaN H.
In loan, ne rates reii or having balance. carriDl
The total cI,aans- sttl. doi ESchansc pcrs-rmcnt
H,f.nrcs - 49, v' 49, ~ 'nI 'Nrr'nc'
states sub Treasury wa Goi rrerri- st-iff2 .-uli
pa' 'n' ,ui V sold naianrc. f's' ' 2lu go cur
80 .urf,n,, htilu',. sii Is - t,.to.l. -,
81" slo'i"" '"n,e'''4 Sold c'inle"sc- seat to Mast.
N, nhr., rvenue rccrin'. ~ Washington to iay
Trasur also received s'i1io'ln national bank unt'.
wa, - lao.H sui of ,,l,cr = 7..,p,1 rne nmn m
~" HAM N tneani w"s d, ea~i ti1Hn To iol,
Acru wcr, i7,rlo,i aud ,he to.ai cN,or,, s4"Gt6D
and sis y, ums and i,ans i.' ''' ''''-' d" $50
1 lf 70 q H q