The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-08-27
FINANCIAL AND COMMERCIAL.

MONDAY, Aug. 26-P. M-The volume Of
business at the Stock Exchange continued re-
stricted but considerable activity was noticed
in Western Union. which advanced from 90 to
"a. and closed at 93'. under the manipulation
Of Kecnc's brokers. The increase in the earn
ings OF the company announced last week also
stimulated n nrmer feeling among the holders
of this stock; tut there WIS no effort 10 check
the upward tenlci.y. and the manipuiator-
were uudisturbed in their programme. Tho
Northwe-tcrns were Also stronger and found
many fri nds in sp' .ulatlyo circles. which rc-
suited IN rise az 70 IN the common To-
CO..; md Of elso r., in the preferred 70
GA; although tho extreme advance was
not sustained in the final transactions;
but the general tone WINS confident. Lake
Shore suhniti"i to Il decline Of "a q cent.
To- 66 p during the earl, transactions, at a timo
when tho general market inriin, j 10 heaNino-s
but subsequently a better sentiment controlled
the speculation Although the transactions in
81. Paul preferred were light. there was addi-
tional speculative interest attaching 10 the
movements in this stock because il is generally
believed that those controlling the management
Of the road have ranged themselves on the bear
side Of the account and are now cndeavorins
10 not only cover their short contracts. but are
also anxious % commence purchasing with a
view OF controlling the next election. over which
thhere VIII oe an unusually lively contest. The
decline Of the sinking fund bonds to-day from
s5a to9i a was part Of the programme for de-
pressing the common ana preferred shares,
hut the first named dropped only > q cent,
and the latter. after yielding from 7u's TO 69A ,
recovered 10 iO1 again. with only limited
Imnu "' 1,h 9nnrih! thrvHGGiout the dayi
u decidedly ilrmer tone. and rallied r cent to
52' the highest figures having been established
shares for the account Of a small broker. who
could not meet his cQntracts. low hundred
mon and preferred Were also purchased for the
same account. Delaware and Hudson further
recovered To- 49, Morris and Essex rAllying f.
To- 81 and New Jersey Central "A TO 33A. Pa
ciiic Mail opened AZ Is. Rs against l7As on Satur
day and advanced 10 Is . on limited amount
Of transactions. but closed at 1875 with IS. bid
at + NJ Michigan Central ruled firm at 7O
hut Hannibal and ST. Joseph common fell Of e
+ cont, e. 49,, and the preferred ;. to 33' and
mon larll was ~ lower NJ Ga y the final sale
hnrk Island. however, IA also Erie. Ohins. and
wabash. ruled strong. and the general market.
although dull. presented firm tone III the final
Thetotal numbered shares dealt IN WIS CO $40 :
o. which Western Union represented 1929
Delaware. Lachawanna and Western, $500;
Shore. ,G9os; st. Paul 4 200; do. prefcrrod.
1900; Pacific Mail $500; Hannibal and st. Jo-
seph. 1920; do, preferred 500. Delaware and
Hudson Canal s37; Erie, 500; Ohios sou; Tn
ion Palms. 2lo0 Wa99en 10 Rock Island.
G2Ii Michigan Central, SOui Ontario silver 2u5
NSSw York Cen'I9l, &c.; New J9Tsey, CGnirGl.
n,,Ne wv iNlh NtN lhNfl anu llNllhll. lhl
Chicago, burlington aud Quincy. lO5; Atlantic
and Pacific Telegraph. 100, Chicago and Alton
Irriorred, 300; Harlem, loo ;aud Fort MHyucjG.
In the gold market there were no features II
special interest All Of the Transactions Were at
LOO; these figures having been bid tho bulk of
| the day
In loans the rates paid for the OF gold were l. a
's1h CLEARING House, Tat AMI . - r. cent
me suhNri iitns to the rttut lnuu TO-DAY, rs ro-
ported IRON Nashingfou Amounted 20 - to6n and ME
Treasury has issued another ealI for S5""u" o hvc-
tMtutrs
The bank OF ENGLAND gained fis5u In bullion today;
hul NE Imperial BANK OF germany during IA, past week
lost l,htttsumHrks
Tile receipt, OF wheat At Toledo 20 Gay were 2li"po
bushels ami the shipments .-ltsFl tht corn rtc,lts
amounting 90 irnF bushels ant the shipments az nAun
bushels. and the Shipments Hht9. with the corn t.
eepts agglegatius 49, Ji3 bushels and Tie shipments
3lN.uaS
The receipts NJ wheat At Milwaukee we're only - 6o0
bushels and tie shipments t1iui the corn receipts
amounting a. 0tip hu,htls amt tine shipments 10
The earning, oi the Wabash kiilway COMPANY the
second week August snow an tnurrH~ n ~ 81 80
as compared with the corresponding period OF 1871
Foreign exchange continued quiet hut steady at the
nominal qunaunnsn ~ Si'i amt - - for TIME ami r
mhnd dihll' VII ue actual svllns rates at "a 81. 8
In the money market loAnahe unison call continue 4
IN abundant supply At l'sG2 '. cent r. Annuu FIRST
class commercial paper RANGED at 314
huNtrnmcnt bonds were less active, but closed firm
win the prucipal dealings In Is OF 1881 AZ u77 l-Ts
~ l,et hfs Al lH a@l6s registered ~. q cents Al
lu34, ari registered ~ al lt,l1s.
Tile following were the 3 T.. NJ closing prices