The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-03-19
FINANCIAL AND COMMERCIAL.

MONDAY, March 1s-P. M-The specula-
ton Mt the Stock Exchange reflected compare
lively large business in Lake Shore, Northwest
ern common. Western Union. and Pacific Mail.
but the remainder OF the list suggested nothing
OF special importance, II we except st. Paul
common, which ranged Mt $500 So 1891 at
the close. In Pacific Mail there continued to
be a good supporting element. chiefly from
the shorts. who sought to realize their
profits after the heavy decline Of the past
few days. and at the same time consid-
cradle long stock came cut belonging
TO weak and timid holders. The company
has been practically absorbed by the Pam
anna Railroad. which possesses q hill Of sale II
its most valuable steamers. ana there is very lit
tie remaining To the company unless II j. abb"
To earn sufficient to reimburse III" Panama
road. This does not now look probable There
Is n good deal of mystery about the actual con-
diiion OF this company. which even large
stockholders are unable to unravcl. and the
officers oi the compnnv owe il 10 themselves 10
explain why their Australian and other ac-
counts have not been adjusted. go that an hon
est stakeholder can ascertain tile value OF his
In Lake Shore there was moderate TRADE
| during the morning. tut the afternoon trnnsa'-
I pries ranging iss% at s @5i RTycr to 81
| Ga, buyer 3, to Ga. seller 3. Northwestern
common early advanced to ~. hut from this
! point 1t gradually declined TO 40 and then re-
| covered To- II a. with final transactions nj II ..
! IN" irnierred dropped one per cent t. o. e.,
| hut rallied to Co., at the close, Western Uunn
! was prominent in tho dealings. and advanced
from 19a, To sQ',. with final sales at the higher
| quotations. Union Pacific was also stronger at
| H., nj the close with Cleveland and Pittsburgh
| "a higher ut ~, md D"lawnre. La kawannn
and Western al A. .ml7's. Tho transactions in
| the remainder IL the list were not specially mo-
ticcahie. tut the extreme nutuation. Will bee
found Lat at tRe dooI Of thI1 eolamp, ii. p.,,a
| Placer was very active stock. having n.rn
placed upon the, boards this morning. Tie
| stock 60 original holders was bought at % p
| share, but th' price opened ~ Si91. buyer 81
! and sold REGULAR way at sl.Q5@ - 10. with nnal
ton nj G2aj7. and Moose WINS also very weak
h"nu-e not supported 10y genuine holders.
| piuuns, however advanced from s3.3j. sell 3
To- SOD buyer 80. AMI closed firm AT $500
,Ths total number Of shares dealt in to-day was
llila4 of which Lake Shore represent, Il ~
1874 Western Cnion,l9 4bj Pacific Mai. lj.usu
North western, 23np0; Northwestern preferred
hoawarc. Iaaka%@nnn IA and ND wsi,rrn. $50
Cleveland aud pitisburl.h. IuSl Union Pacific
loo Now T.rs C'n'ral, ~: C.. e., 6. and /.
Wabash, 300 Michigan Central. POO New JeI-e,
South I'm. 400; ilapnihal and -. Joscph, 100
ware anl Hudson Cenql. 227 klek Island, pa
Atlantic ani Paclfl TELEGRAPH. $50 New Jcrsel
Central. $50: and G.. {. and ]. C.. 100
In the gold market nrmer tone conirollo,
the early Transact ns at 1Ol's Tut at the clos'
The iirmncss OF exchange. added to n lowe
gnn&" oi '"n-ols. was t"e lrinciunl Occasion %
fh' iol.ovin we've the principal quotations
ii2 2.''EA ii""lI i4EG ieihi-aSFry I'a'
In isa,- te r'ic- l'it Tor ha'in- balances carre'
rieaas . w,,, si5,.i ' i i6s' ut OF -
AM currency .ni.t.. si.-'lti rAe sui.lr,..-u.
r.''nei ~ 30" 900 A., q. 3. is. ami pad oDtlu ,u.
& r,e ',''l' Z. .a I' 1a, sa II
ssett@tiei. Darrcnc. pn,urri. sai- 1857 cutf,nc,
h.r,n' so ~ .iins'' customs. siiau'o