The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-09-12
IINaNCIdL AND COMMERCIaL.

WEDNESDAY. sept. LIP. M-The day
opened at the Stock Exchange with every in
dicatiOn that a sensation would occur in the
Granger stocks. In which there appears 10 be
large short interest yet outstanding. and the
comparative sales show to what an extent these
stocks occupied the attention Of dcalcrs-some
$4,000 shares out ~ n total Of i3l 900. The adj
vance in prices was quite moderate however.
the common issues gaining about e to = a
cent, and the preferred issues about . Z cent.
leaving of at the highest points Of the day with
the execution Of 81. Paul common. which re-
acted ,, ? cent. AT the close. These stocks have
developed no enhanced intrinsic value as the
comparative earnings for the first week of
September are $4,000 loss than last year.
and this amount includes some 10000.
the extra receipts from passenger traffic
incident TO the occurrence Of the State
fair. which was not the case in 1877;
but the advance appears to have been
through the active agency Of parties who were
operating for n lower range ~ prices In closing
their contracts. IN view OF the difficulty OF bor-
rowing stocks Tor delivery. In the afternoon
Western Union became active. and advanced
! above 81. on sharp demand. This was caused
| by the declaration OF a a q cent quart, rly
| dividend, and the announcement that the com.
| pnny had earned $4,000 moro during the first
| week OF September than for the cores bonding
period Of last year. The partly estimated net
| profits for the qunrter 70 end September 81 arc
gwen ar ~ NNl 80 ana The surplus ~ 5000 5l2
| after adding the surplus Of July l. $3.50 us3
| ami dcdu ting all Indebtedness and the divi-
! l"ni Just declared. AS le from this stock and
the t'rang-rS, the list uf speculations was do
| void OF interesting feature. Atlantic and Pl-
cine TELEGRAPH was Galvanlz"l into conn ara
! tive animation. but left III with no important
gain in price. Tho Trunk line stocks closrd
NJ decline, except IN the case OF Lake
Shore, which simply hold is own. while Lack
awanna improved = E cont.
The total number OF shares dealt in was 1871
$40. Of which NortlhweeteTn represonted 1900;
| i,rrel. 1929; Lax. Shore, ii .3OO; Delaware
| Iackawanna and Western. IL 900; Western
| Union. lO.5O0; Erie, 800; Atlantic and Pacific
| Telegraph, 1875; Ohios LOIS; Union Pacific
2so0; Hannibal and s. Joseph. 400 DO pre-
! ierred. 600 Chicago. Burlington aud Quincy
| 400; G., C.. {. and l.. $40: New Jersey Central
| 600; Wabash, $50; Harlem 270; Norris and
! Rork Island rs; and Fort Wayne 100
| The gold market exhibited n shade more
| hrnness At 1000 after sales at 1905. AT the
Tie following we're the principal quotations.
1000 A. M........... .lNot 10 rs A. Mem. inott
iooa NJ ...........ioo, so i 49,. ia (.
In loan. The gses rad for the Of gold /,
me total ccarnss ~ the gold department the stock
s ir;pcN 49, n ~ y f s
assi s;t t II ,sg! o9i and paid out IN coin
was Com receipts. s57.7S So com payiuents 81 rs.
o>ao7 coin balance. sl23 ll',s ~ a. note receipts
sts5s2 ~0o % Customs. s3t5.up Cancelled gold cert.
The internal revenue receipts Washington today
were s3ls''" ami the customs receipts sauuUp The
Treasury also received $4,000 IN national bank
Forci.u exchange wa. steady At the late decline In
rHs To- - - Tor 80 da, .s and - STA ior ont sght
| Money commanded l'sa2 "a cent VA call, whlle prime
| mercantile lsl,r la.s't 90 go r cent
! The following Were I'll, ) 4. NJ closing Prices.