The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-07-10
FINANCIAL AvD COMMERCIAL

TUESDAY. July 9-P. M.-The dealings at
the Stock Exchange were characterized by an
active selling movement on the part OF the
prominent bears. who sought ~ take advantage
Of the weakness OF tho general market at the
close of business on Monday. and they signal
izel their efforts 10y furious attacks upon Lake
Shore and Delaware Lackawanna and Western
at the very commencement OF operations. The
first named from this cause declined IS per
cent to COS before the first call while tho latter
yielded only a TO also COS during the same
time. These onslaughts, however. seemed to
stimulate the bulls TO renewed efforts. and they
soon turned the speculative current on
the upward tack. and from this time up
20 the close again demonstrated their
power over the market Lake Shore. amid
considerable excitement. rose TO GO in the final
transactions; and Delaware. Lackawanna and
Western also closed at the highest points Of the
day with rally Of = per cent to 6li,. North
western preferred was an early feature of the
market by its unexpected strength. and near
the close IN advance OF s. per cent. TO 7s'i was
e-tabllshed: this stock having previously
strengthened the general list by also rec9rding
about midday the highest points. New Jersey
Central. under the influence OF the practical
success Of its reorganization scheme. was
prominent. and rose rapidly a. per cent from
39'i - Az ; and Northwestern common was 1
per cent higher ut 81 =. Erie WIS freely offered
Tor sale early IN the dhy nj 10 80 10 but SUISSE
quently rallied to lG; AMI Delaware and Hut
son was ! a per cent better at 59A. The st.
Pauls. although strong did not enter promi-
nenlly INTO the days speculation. The pre-
fcrrod. however. rose a TO $40: and the COM
mon also a TO "a the latter having opened
weak. Chicago. Burlington and Quincy was 4.
per cent better on advices Of Increased net
earnings from Jan. 10 May 81. The remainder
OF the list did not command special attention;
On Wednesday the representatives Of the
| trunk lines will meet al Saratoga for the pur-
pose OF agnin attempting 10 establish uniform
freight rates and pooling OF the earnings on
The total number Of shares dealt in was 1O9.-
s2G. OF which Lake shore rcprcsented 3n.lQl;
1900: DO preferred. 1900; Eris, $500;
aware md Hudson Canal 1850; Iocs
| Island. 900: Chicago. Burlington and Quincy.
Lbs MoTri, and EsseS "a; Missouri Kan Gan
! Pacific Mail 500; Wabash sl3: Union Pacific.
! go; Ont1rio silver. 215: Illinois Central, 80
| tral. 40; NV YORK Genisai $50; C. G. {. and
| J.. 2jl: Harlem. lS2; Ohios 100: New York
NV Haven and Hartford. lO5. and Fort
Thc sqll ,marhe; was devoid q special fca-
| ture. Al oi The sales were nj 100.
! - r ,ent ana Nat all ior catr. .us 4 cent
ESchansc vcr. 81 ila0I gold balance. - l7S...i,
snl gurY. Gaen,s; fl'S 10 fhs Sue Treasury
insrcst ou tle public deht tsntp
wa, cold receipts. :it -. sold pa,m.nt. s.iie
g; laaacs siaii4s ~ customs. s3S% - cure"
were s4S5'%i and The custom. receipts s5o,on r6ss
IrcssgN also received SoOhoop IN national bank notes
rie bullion in the Bank OF England was increased
| rri-p .eNchan;c was lmer at s9s' and - .or
Money continued easy on ,al at ssa p cent with ana
negotiations az Tie lower nsure frne discount, ram,
q.sysrpmen' bond; N,rc aro aul closed active with
nfse business IA le"''' a.: cents loios AMI Is %