The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-07-30
FINANCIAL AND COMMERCIAL.

MONDAY, July 2o-P. M.-The speculation
at the Stock Exchange opened strong at an adj
vance Of A@'6 y cent. rs compared with Sat
urday's closing figures. and then further i'm
proved S@1h y cent. under the influence Of
active purchases by the California operator.
Tho Twenty street combination, however.
were persistent in their attacks upon the North
western and st. Paul stocks. reinforced by
prominent bears who had returned from tho
shore to participate in the downward turn. and
assisted also by unfavorable crop reports from
the West Holders Of Northwestern preferred
at the same time became alarmed by the weak
ness Of the general list and threw their
stocks upon the market without regard to cost.
thus creating further CONSERVATION. and Drift
ing the tone to the verge OF a panic. North
western common during the day broke s. y
cent. TO 80; the preferred GS to 50; st. Paul
common A. v cent. to 50; the preferred also
~ to "A; Delaware. Lackawnnna and Western.
z to ~ western Union. % 70 92S Lake
9Gt; Delaware and Hudson, to 55is; Erie also
| Z cent. to 17A: and Morris and Essex. 2 to
s34. There was recovery. however. OF = and
Il in the Northwestern common and preferred
respectively, but the remainder Of the list gem
orally closed at about the lowest points Of the
day. and was characterized by an excited and
The excitement in the final hour Of business
was intensified 10y reports Of fresh difficulty
which had no foundation in fact.
The total number of shares dealt In was
2i3.l49 of which ST. Paul represented 12.S7u ;the
preferred. 1850: Erie. 1910; Northw. stern.
35.075 the preferred. q 800; Delaware. Lacka-
wanna and Western 2n,2l0; Lake Shore, H..
500; Western Union. 9.77l; Morris and Essex,
1000: New Jersey Central. $40: Wabash
1.i5O; Michigan Central. 500; Illinois Central.
400; Ohios, 600; Delaware and Hudson Canal,
900; Cleveland and Pittsburgh. 400: Pacihc
Mail 200: Rock Island. 100; C.. {. and l. c..
100; Chicago Burlington and Quincy 100
Hannibal and 81. Joseph. 200; do. preferred,
100; New York Central. 1870; ~. L.. X. C. and
NJ. 500, Union Pacific. ljO;and Harlem, 50.
The gold market presented no features
worthy of special comment. All Of the trausac-
tons were recorded nj lOOi but the volume Of
business WIS extremely light.
In loans the rates paid Tor the use Of gold we're y,
The total t,oAnngs the gold department the Stock
Exchange were ssO0i,go gold balances s1dbvpD, and
tere-t the public debt $4,000
The DAYS business at the United Saus sub rreasur
was. Com rec,pt-. s545u12 rs dc payments, elu2..
42o Ia. do balance, Si2i277 a64 - Note receipts,
$50 ll9 25 do payments, 81 i1s 400 SO; do balance,
fis On. l23JS. Customs $1,000
The internal revenue receipts AZ Washington today
were Soapup ami the customs receipts S3aJ.tHo The
Treasury also received S7eODn in national bank nutt
for redemption.
Foreen exchange remained dun. hut steady. at the
nominal qnotitous u - 50 and - 80 30 days
snort si-hi drafts Tie actual selling rates however.
ranrcd al - ~ 's9S+ ~ and A. sir0 '4ssi -
able funds of red On call at sll2 e cent and prime
mercantile acceptance passed At Jet
tUNcrnutn mt bonds ruled stron. with large trnusC lions
in D. of t~~i t0G Isg1. iS5s new and Is, of l-sl
fine flllp "a me war Ia. a N.l..a