The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-07-06
FINANCIAL IND COMMERCIAL
FRIDAY. July 5-P. M.-Tho early bu

FRIDAY. July 5-P. M.-The early bust
ness at the Stock Exchange reflected strong
and active market for the prominent special
ties with Lake Shore and Erie recognized as
the leaders. In the first named there is large
short interest. which Gould. Kccnc and Sage
propose to brighten into covering; and the local
dealers are also assisting In this movement.
because the points to purchase have received
announcement.
There was. however, an attempt 10 break this
stock which Welded from 59il to j94 before
midday; but when the bears paused in their
downward movement. the bulls suddenly camo
TO the rescue and advanced the price to CO., ;
and closing sales were recorded Mt 59ia ex-divi-
dend Of r cent In Erie the rise was only =
q cont to l6', hut Northwestern common WIS
:. 2 cont higher at 81 =: and the preferred D.,
cent better az H. the h"st figures % the duv.
~. Iaul common was also g cent.
higher, nj 49,, although the preferred. alter
entered into the early operations. and rallied "a
e cent TO ~. yet rca,tcd subsequently to the
the support Of tho market at the second call
and sold rs high us 80. Michigan Central at
m, ne sane time adynrsd { cent to g but
plns' from So, to s. 0hios ,Tanged at at
and Quincy was ia better NJ 1885,. Morris and
Essex ruled firm At IS "a S., and Rock Island
recOVrred = 2 cent. lrolA ll4's, "N dividend. to
ll5, Wabash. after selling M = e cent. to l5
yielded again TO l4ai and the general market
closed firm. but in some instances at slightly
lower figures as compared with the best quota
lions Of the day.
The llne weather for tho perfection tthe grow
ing crops OF the West as VOL ms ndvccs from
Chicago that the representatives OF tine leading
roads to the Enst had made another temporary
arrangement 10 harmonizn rates, cNcrted its in
lucnco on the market. and caused Il number Of
the slnalicr class OF spectators to cover their
contracts.
rhc total number ot shares dealt in was lO6.-
3l5 Of which Lake Shor" represented 81 GO ;
Erie. 2O.u25; Northwestern. 9Sl5: do. pre-
Tired, 200 Delaware. Lack. and Western.
$500; ST. Paul, $500; Dc. preferred. .2.7l5;
Mali 1850; c.. h, and Quingy. 300 Dcawarc
and Hudson Cnnnl, 40: \. j. Central, l.60l {;
Rock Island, GOO: Michigan Central. too: Morris
and LsseN, III NJ, X. and TcNls. 100; Wabash.
300; Union Pncinc, 200; y. Y Central, $50; ;
C., C., c. and l.. 200; Cleveland and Pittsburgh,
100; Illinois Central. 1850; and Ontario Sill
YER ION.
Tho gold market remained dull. with all of
the business at 1000.
wrm 's@l cont aud nat Ilr total clctranrcs the
Euh department of tn suck Exchange were ri 329uuO.
3ol M SuhlleH,urN redeemed $50 IN called bonds.
amt paid ont N interest the public dcht s71uo0l
The Internal rcNcnuc receipts at Washington tod ~
were Sislon ami the custom receipts S3Nun the
Treasury also teceiNeo slDOoO IN national ban& notes
The imports dry goods gold valuation for the week
ewn- TODAY, amounted to S7tot6i, and S0da lsi was
Foreign exchange ruled weak and the rates were re.
duccd 10 SAeI@fi ~ Tor time and short sight bills
Money on call WAS abundant at 2i.sa cent, and
Gov rumrnt bonds were quiet during Tie morning. but
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