The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-01-05
FINANCIAL AVID COMMERCIAL

FRIDAY. Jan. 4-P M-The operations
nj the Stock Exchange reflected dun and un.
satisfactory market. with further evidences OF
decentralization growing out Of the complica-
tons arising from the Bonner failure Con-
siderable amounts OF hypothecatcd stock OF
Lake Shore. Chicago and Alton. Panama. Union
Pacific, Western Union. and u few other shares
were sold out under the rule for the account Of
the suspended firm. and there having been little
disposition TO support those transactions. prices
recorded sharp decline Panama dropping
cent from 100 to ia. Chicago and Alton
also touched 75N. rs against n on Thursday.
and when the coal stocks began to tumble. the
general market sympathizcd with the down,
ward movement Delaware. Iackawanna and
Western broke from 5o@ to An. Delaware and
Hudson from 5O5s 70 a.. and Morris and Essex
from 10 Tor small lots to II in 10O-sharc
amounts. The cause OF the decline in the coal
ronds WAS due in part to the calling In Of loans
on these securities. based mainly upon the fail
ure OF the Philadelphia meeting on Wednesday.
Lake Shore maintained firm tone. however.
In the early dealings. and advanced from 6i1
70 g. but tho price yielded To- co., in the late
transactions. and closed Mt 6i. The, Western
shnrcS ruled weak from tho start. and declined
vol y cent but Michigan Central was prac-
tically neglected. and in the remainder Of tho
linton Tn oD sold at at '77a@T7 NV jersey Centra
having been the strongest stock Of the day ut
an advance from u TO 10. but il rejected TO 15A,
seller 49, ut the close. and Now York Central
ranged ut 10Gh@106 4cg106. Hannibal and st.
Joseph preferred declined to 23iS hut recovered
at at 49, 81 with o. o. O. and l. y " cent lower
The total number OF shares dealt In was % .sl6.
pa w 70 a9n i iS" Shnrn n soo VT
ern Union. 1900: Ohios. 1000; st. Paul, 800:
do. preferred. $500: Delaware and Hudson
rod 26OO Rock Island. POS: Erie 200;
New York Central. 40; NV Jersey Central.
40G; Panama 100: Hannibal and 81 Joseph.
33O; do. pr"irrred. 700; Illinois Central 400;
llsrem 225 G.. c. nnd L. 562 200; Chicago and
Wells FARGO Express. $50; and United States
Express 100
In the gold market business was restricted
hc,nuse of tho high rates eAactcd Tor carrying
balances. the opening price was lO2N, hut II
soon declined to 1929, though rallying later to
the early figures.
The following were the principal quotations.
ri GioT ii@Ss .i55FFS Io os,. 1872.
In loans the rates mall for having balances carried
were -. gold. and 81 cent
RSchanrs we're sioi5ps. cold baiance. al ais,02j
and currency balances. sl.h7lib The sub 1r, ssury
interest ON Tho puiic d,h A. % So
de AK, s@,%e' q s sa sac, %
3,1 - gold balance sio2 1873 ~ - currency receuts
balance s:t,n.a XIX * customs sssG" 80 '''''"''
ra. n,,r., v, , .,' at Wa.4St9p tod f,
Treasury also received $4,000 national bank notes
the Imports u dry gooi.-qoi valuaten-dnring the
past week amounted to slJs5s $50, and si.Gf~6s2 was
TIC earnings Of the Michigan Central road for IL month
viii ne cnrre.poniins leri9l Of iasl y. 'r
,r mimi hSchansc si We lr' urh.r aav"ne"a 70
yen. 90 silver Of unexpected value Tie par value of
Forsn exchange ruled auici hut steady at 81 ~ and
sf~'i Tor time aud demand drafts respectively. with
'' S , ,@ ss o , blk saa rom borrower.
was observed AMI call loans RANGED at y cent gold n
nna n,.o,lons AZ : cgarsnSy ffime commercial "e
f.fNt u Ia were IA