The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-07-24
FINANCIAL AND COMMERCIAL

TUESDAY, July 23-P. M.--There was n
very active and excited speculation ntthc Stock
Exchange with the 81. Paul shares. Lake Shore.
the Northwesterns, Erie. and Western Union.
representing the bulk OF the traDsacions The
bears bounced upon the st. pauls at the very
opening OF business. and thus brought upon tho
market large amount OF long stock belonging
to weak and timd holders. st. Paul common
was the chief point OF attack. and was READILY
sold down % Y cent. from 4S to 45',, but re-
covered to Az in the final dealings. Tho pre-
ferred at the same timo broke from 81
to 79H. but rallied to s0% again. North
western common also fell of Ia y cent to AK;
and the preferred from ~. to 7Gt. but the
former closed ut 4s's. and the latter ut the high
est points Of the day. Lake Shore. however.
was vigorously sustained. aud the downward
current was thus checked. This stock has for
some weeks been tho great mystery OF spccula-
tive circles, but II WINS manipulated to-day by the
operator Keene. the other partners Snge and
Gould having, 1t ~ understood. sold out during
the recent rise. The price. nftcr opening ut g.
sold up quickly 10 G4is Mt the Same time that
tho Granger stocks and Western Union were
severely hammered. From this point how
ever, 1t suddenly broke y cent. to G3's. and
then rallied to CA. with final sales Mt ca .. sell
Ter 3. Western Union before the first call de-
tlHtu Ia U ttHNs w w. uuN IbS' i Y ''lNs III
the final dealings Erie assumed n stronger
tone and advanced from 1872 to III.
buyer 8: but considerable long stock
was thrown upon tho market MS the price i'm
proved. Delaware. Lackawnnna and Western
ranged at @61i5@Gl H@GlF. New Jersey
Central at 39A@3s'I@30A@ 80. seller 10; Mich
ignn Central at GSia@G7 il@G7As and Union Pa
chc Mt 63's. buyer 3. mG3, seller COeC3 h@G3ia.
The remainder OF the list did not attract special
attention.
The general market closed firm. with sharp
recovery during the afternoon. but the best
prices OF the day were not generally again
established. The dealings continued to reflect
simply,a brokers market. with wide and ire
The suspension Of tho firm Of WIN. II. Glnd-
win X GO. was announced to-day The rustom-
Union and Lake Shore during the recent rise.
The total number Of shares dealt IN was o.
993, Of which Lake Shore reprccs,cnted 1920;
ll5; Northwestern. 1900: do preferred. 400;
Weslsrn Union. I,GOS; Delaware LackPw"nga
Wabash, 500; Union Pesifr, COO; DeGware aud
Hudson Canal 500: Morris and Essex, 500;
Michigan ac6 ceptra t 1G0 B9 YJd and Geder
ssS 900: g. and cQSnGy G 49, c. c. C. and L.
Central. 1870: and Mnriposa, 100.
In the gold market no IS tito 81 i'm
IL loan; igc rate, paid for the of gold y.
The total elearngs ~ the gold department o the stock
Exchange 81 AIS UOO gold balances sgl2 100. and
currency balances Syi7 2s0 The Sub.Ifcasury re-.
deemed si9U1O In called bonds and paid
terest ON the public debt s1O.pDo
The days business O. ne United states Sub Treasury
7s Tt do balance. sl79iyi7I73 Currency receipts,
~ OJt 49, do payment sJ7,sJt II. do. balance.
So ~. H. Customs. s27u.Op1
Tile Internal revenue RECRUITS at washington today
were Slsopb ana the custom receipts sjluptl The
Treasury also received s5sn national bank
r rcdcmpunn The bullion In the Bank Of Ensland was
decreased l26.Oup
The exports OF domestic produce-currcncy valuation
Tor the week ending to-day amounted to S1Oi-.l2T
The subscriptions today 10 the new 4 cent loan as
reported from Washington amounted 10 81 tuUOJ. and
the secretary Of the Treasury has issued call 81
uoleO Of 5-2us.
Foreign exchange ruled quiet but steady at 81 - and
" ~ Tor time and demand draitS
In tue sonCN market call loans on pledge Of approved
stock collateral freely offered iiss2 cent with
hna negotiations AZ the lower rate Firstcass
tile paper passed AZ ifa3
Government bonds were less active at the boards.
though arm, but the leading houses de-
mAnd for inves tment Money Is 80 abundant that cap.
asts employ their balances In this channel The prn.
cipal transactions were In loiOs. 1855 and registered
lr4io-
Tha.. all, xtpv,~ t,a a - Nclns