The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-08-21
TryaYcAL IND COMMERCIAL.

TUESDAY, Aug. 2O--P. M.-Thc dealings al
the Stock Exchange although presenting no
features OF special prominence. reflected
strong tone and Indicated the power oil the
kecne combination in attempts to advance the
general market before the crops at the west
were thoroughly assured. Prices, however. ut
times betrayed nuctuotions, which were availed
Of by both large and small operators VINO are
in the habit vi daily trading on the market, and
In the marrow changes n good number received
II profit In point of business Lake Shore LEG
the speculative list and this stock. although
not maintaining lts rise to 81. exercised II con.
trolling INFLUENCE over the reminder OF the ac:
tive shares. The final sales were recorded nj
Co., seller 3. During the afternoon Western
Union and New York Central were brought into
the support vi the other active shares and this
fnrt vii rNplntn tho RISE vi the former from %
to % and Of tho hitter from 1897 to llO's. The
bulls. in their Efforts to bolster M the market.
have rcsortpd however. to doubtful measures,
and the changes eNrrctcd during the week do
not incline to the bull side. because there seems
to be an impression - correct or not that
after rise of to .2vcr q cent.
| during the past week there ought to
cdly only brokers market to- STIMULATE the
iration, has. risen recently from 65 to 7i% be-
| rnus" the German bankers were snort OF thls
! stock. and ON Saturday we're forced into cover
| ing ut luss but bccnusc they are cndcnvoring
| to maintain 'hc price for tho purpose Of aver
! aging their LOSSES X no reason why the outside
uuhli" should take the load off their boxes. The
movement in Michigan Central was simply
strategic when the prcr was advanced from GO
| 10 70h. although 75 Is freely talked OF
! II those mani pulnting the rally successful.
| ST. Paul common was strongly held in sympathy
| with the preferred hut in thu Northwcsterns
there was disposition to sell The common
fell on from 36 so 35 a. and the preferred from
| GA to 81. although subsequently recovering
for the latter to 60 hut closing nj 81 4. seller
! Delaware. Ip'kawnnna and Western opened nj
| 81 vet soon yielded to ga and then partici.
pntcd In tli" rs" ~ : T. cent. To 80. with later
| transactions ut 81 IN 81 after having touched
5lA. The other coal shares were irregular
There WIS, however. more than the usual ne.
| tiVity In Union Pacific. which rallied l Y cent
io Is d. buyer 2. with later transactions nj 65ef
! purtunt. except Pacific Mail. which was freely
| sold down from Is Ia offerings ut II near the
| close Tho point has been well circulated re-
| sperting This stock that 1t would soon reach 20,
| because OF unexpected incrns" oi business.
| Chicago. burlington and Quincy moved M 10
| 1l2 .. thus lustiving the predictions Of its
| friends and Hannibal and ~. Joseph preferred
| advanced tu 81. The latt"r. however. II is sug-
gcstrd. has been recently galvanized into
| strength because the present direction Is ap.
next election II something moro productive.
| either in Wall street or elsewhere, OF results IL
| not accomplished.
The gold market presented no features o.
prominence. There was 2 temporary decline
tu 100, hut the bulk of the business WIS re.
corded at lOn's, the final price.
The following were the principal quotations.
i",n& i"n, srM ....... ...' log.
inloHns tho rates paid Tor the use OF gold were =.
rhr r,cc.p. ~ wheat nt chicago today tooicd IN
1880 bushels. AMI the shipments ~ 7t- tho
CENT. ha,in- been l1rse agsr'sairw p's.g5 bushels
i.n,c-unicni honls were dull hut the market closed
.tf"ns Currrnc, q. advanced To- i2ois AMI the "a y
| ceut. al.o ihvrail, dealt
! following were the 3 VI closing priccs