The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-01-09
FINANCIAL AND COMMERCIAL.


TUESDAY, Jan. 8-P. M.-The operations
at the Stock Exchange during the morning de-
veoped strong tone ut an Improvement in
Now York Central. Union Pacific. Northwest
erns. 81. Paus. and the coal shares but Lake
Shore. which had been for several days the
chief support II the market. reflected decided
weakness and declined from 63a ut the open
ing to G2', in the late transactions. Tho course
OF this stock. In view OF an otherwise generally
firm market. gave rise to considerable
gossip. and was explained by well-dc-
fined reports that one OF the mombers
Of the Lake Shore pool had sold
his holdings at 62a@G2s without consulting
his associates IN the combination. The result
was disposition to realize on the part of tho
other members of the pool. but the market was
not sufficiently active TO permit Of the unload
ing Of any important blocks. Whom this fact
became known. IA generally unsettled feeling
took possession of the market. and prices on
the general list yielded SGl y cent North
western common was active in the carly husi-
meas, and advanced from n TO 80. buyer 2. on
s. Paul common. from the same cause raj
lied from 3st to 3ss. In the dcpres-
SION, however. which characterized the
these stocks yielded 10 81 :. and s7a.. seller 2.
respectively; Rock Island. which had also been
aud Michigan Central dropped from 90 TO o.
Morris and Essex was y cont lower nj rs. and
New Jrrsey Central declined from l6 To a..
at rally from 81 10 Gs!,. but il fell back again
10 G. at the close. The coal shares opened
strong. and recorded an advance in Delaware
Lackawanpa and Western from 49, to 5Os
buyer 3. while Delaware and Hudson rose y "
cent. 10 4os; but .hrse shares subsequently
sa sales n, ioS and 47'. western Union nd did mot not
altrect spe 'iel attent ON, but flu tuated at 77k@
81 ass 4eo3s. and Ohios Mt sA@s,. seller 3.
as'.@s seller 2. css.. The remainder OF the
The total number Of shares dealt in was 100.
~. Of which AXE Shore. epresrnied 25.2 $50
Delaware. Lackaw ma and Western, 1920
Paul s,7n do. p oS r ssS: NV wy YORK ri
Central, ,6.2d5 Delaware and Hudson Canal.
aIoa Paei a i "1 WmhsG sso wv NV Jars io
Central. 500: Erie. 100: G., c.. {. and l., 300
Michigan Central. 400; Illinois CentEalh r 80
ll3: Rock Isanl. s35; Chicago oi nnr,,i,nS,on
aud Quincy. 300; C.. c. and !. T. 2m; Ha9 9in
Ms. "m KaSs@ 7sn ana fSSa- 2jo; Ontario 81
YER l45: Ohio preferred 100. Pacific Mai, looi
Panama. 100: and United States EXPRESS 81,
The gold market coutinD...,.rt;fni", and the
.t,N,'ver, chara terized the Transactions.
The following were the principal quotations.
1852 1854 iiSS 10: 'f iSFx ii Ss: s"sFr y iS.
In loan, The rate. pald Tor having balances carried
Tie total at tie sold department Of the Stock
AMI epf ncy islsnce. - tss s,4 The san r. ss,ry re
deemed sTsJnn called bonds AMI paid out IA com AZ
t'rest cr the pnhlir dtnt Ssi-a $50
The DAYS business ~ the United states Sub rrp asiry
G"d receipts f71ua-0pt, gold payments. $40
~ god balance slru 80 7su ~ note s2f2
~ ~ payments s. - 934 a. note balances. ga
OF IiNH Customs s@l~nt
The Internal revenue receipts At Washington to-day
treasury also received s'ccOoo in national bank notes
Tor rrdrmptdn
The bullion n the Bank Of England decreased fi5oo
on hAlanc"
Foreien exchange ruled shade hrmer but the rates
remained AZ - ~ an - r5's for time and demand drafts
respectively less e. concessions III sctual business
In the money narSct the ourrss were NOR, lht raj,
and tie Afttr remaining at h cent On call until
about = T. VI was reduced tOt Prime mercsnuie paper
passed at eirs7t,
Government h0nds were steady with fair transactions
o. 1881 l-i1s l-tNbs aud bs Oi 1851 yet ITe-
senicd features uf ste'ial prominence.
Tie lVllowin. the 3 = NJ. cioslis prices