The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-08-02
tfNANcIAh AVID COMMERCIAL

THURSDAY. Aug. 1--P. MAJ the close
Of business Mt the Stock Exchange on Wodnes-
dav there was decidedly bettcr feeling con-
trolling speculative circles and the liberal pur-
chascs Tor the bear account led TO tho express
sion OF the opinion among prominent operators
that the bear campaign had Tor the present
practically eliminated; but those who bought
freely yesterday were foremost in their en-
deavors to sell at the improved quotations OF
to-day. and vigorous attacks upon the North
western and St. Paul stocks were soon noted.
Several members fthe Twenty ri street com.
binatiOn who covered their short contracts also
entered tho lists OF activc sellers, and
there appeared no disposition among
the wealthy bulls to stem tho downward tide.
Northwestern common. under the pressure Of
heavy sales. declined 81 e cent. to 33ii, tho
preferred ~. to ca st. Paul. 80. to- 32is. and
the preferred ~. To- Ga -. although sub-rulrnt-
" ralying to Gsh. with final sales at Gs"Gs'..
Lake Shore. however. reflected n firm tone dur
ms the early transactions, and moved NJ from
CD to COS hut this stock lost its airport at the
second board, and broke to 81 4 although alter
ward recovering to 90. with final sales ut GIL =.
Eric wns also weak, partly in response to lower
QUOTATIONS IN London. and declined l z cent.
To II 8, but closed = better Delaware. Lncka-
wanna aud Western declined from 5Sa to 56S.
seller .. with later rally to 55!i. and spbse-
was freely offered for sale, at do
cline from ~ to OOh, with later trans,
%sopS cont 1lg oWer at S7 Michigan c9nrai
IL q cont. ut 63A; New York Central | = at
ln7A: Chicago AMI Alton at 80, Pacihc
Mail q Mt l6; and Wabash J. at IL; but OhiOs
were strong ut = y cont advance to 81, and
linton Pacific WIS p better At 81 70. Rock lslnnd
further declined to lll's, with III, ms the best
There was a icverish and unsettled feeling in
the final hour, and ~. Paul common sold. after
tho close Of the Exchange. at 32A in the street
The total number Of shares dealt IN WIS 223,-
1sO, OF which s.: Paul represented lOi54j; DO
ppireferrcd. 1850; lake Shore s526O: Erie.
! 1901; Delaware, Lackawnnnn and western.
3Si9 Mg7erp Tn'39 9S9p do W4RR as 9O2a
| l.j0O; New York Central. 1872 New Jersey
! Central. 2.Gs6; Delaware and Hudson Canal.
iOD; Pacific Mail. 5jO G.. G. and l. c.. 100;
| Chicago, burlington and Quincy. 1907 Cleye-
g2 oG Hn an "nT ST. 4' JoscpS ioC " do ppo
| trrcd. 1905 Ontario Silver. 100; and Fort
| Tho gold market continued embarrassing.
| with Il few transactions ut 1908.
In loans the rates paid Tor the use OF gold were =,
s ios sssIns. a The god department g he ,o STOCK
dccmed sa71Uri called bonds, and paid gu, IN in
The day. business al he United State. Sub ssury
@ 81 con sa r SSianec SIX 40 p"S% ",c rscsp1
siol7 ao2 90 do payments. sSmO9L9o do. balance,
! sl~ lbl 49,. ~. Customs tAn,Uh
The internal revenue receipts at washington today
| Treasury also received s0Ocp In national bank notes
| Tor rrdrwriion
The Bank England raised its discount rate today Ia
"a cent. anl lost IN bullion during the past week
| cgiiUfu
The specie IN the Bans Of France also decreased
3.iuntup francs during She srmc period
The decrease IN the public debt Tor the month ofJuy
amounted TO only s2ptpr ami the Treasury disbur-e
meus tor the month exclusive nj principal and interest
| ON the public debt footed up sif .z2i.trp
Tile Treasury balances at the CLOSE at the month
| S2liu.Oupl iu gold coin. AMI 81 .llS.pO currency.
iorrisn exchange ruled heavy ani time drafts were
reduced tn 20 Ss hut demand hills remained NJ - ~
The nctual Tllng rates, however, were tisi+ei sl4
/ ant - SA'l sSt ~ii,
There Was abundance of loanahle funds call "a
TIE stock hr' kcr- NJ iisf2 cent during the morning
hut suh~ IucnN the advanced u 2tsa1, while ur
Government So uriucs the rate was iHiis Prime com
merciHl paper continued 10 be- quoted ~ 3si
Gu'ernntnt bond, were strong and closed active with
the dealings IN coupon o. Nf ir-l which sold nj
| 1uta cN quarterly interest. iui1,, and l-'is new.
The luluwins were the s T.. VI. closing prices