The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-08-16
FINANCIAL IND COMMERCIAL.

THURSDAY Aug. 15-P M.-Thc early
business at the Stock Exchange was character
lied by considerable activity and excitement.
with the Western shares and Lake Shore the
leading speculative favortes. The bears In
these stocks became alarmed by the strength
exhibited in the dealings. and in their haste to
cover their contracts. greatly assisted in estab-
lshng Il further advance Of h@1s y cent.
Lake Shore rose from GA to 65; Northwestern
common from 35 TO SO; the preferred from Co..
10 67is; ST. Paul raying \ to 81 the pro-
fcrred y to 6s'i Hannibal and ST. Joseph. 4,
TO 12it the preferred. Ia to 301 Wabash =
10 II and Michigan Central ns also New Jersey
Central, each a to &C and 80 respectively. Tho
strength OF the mar ket. however, offered too
great temptation TO prominent spectators
who purchased during the recent DECLINE and
while nj the same time selling the Delawares,
and finally attacking the Granger stocks. Tho
result Of this indiscriminate attack upon tho
active specialties was reflected in n decline Of 3
2 cent in Delaware. Lackawanna and Western
T. 81 and OF 3. IN Delaware and Hudson, from
cent. to "a tho preferred. Ia to G5l st. Paul
ee99mm92n, :. To- so.s;, TIC .preierred ~ to
sey Central - TO 49, lake Shore, Il.
to c 81 Woi Erie = to lo',; Un2n Pacc,
no no i Nv @ Saa Western Gn SGn9nd
Kccnc wore discovered to be large sellers, and
the small holders ut once commenced 10 throw
overboard their ventures without regard to
cost The lowest prices Of tho day were gem
orally recorded I'm the final hour. and the
market closed feversh and unsettled.
The operations continued TO reflect simply a
brokers market. and doubtless wide and fro
quent nu'tuntions will be recorded for several
days. NJ least until an approximate estimate Of
the yield Of the Western crops can 10 safely
rendered.
1729s2. Of which Lake Shore represented 80 o.
1856; Delaware. Lackawanna and Western. 49,
20 Northwcstcrn. 2j,09o do. preferred 81 $50:
s. Paul 1885; do. Preferred, 1880; Erie.
1850; Wabash. ! 100; Union Pacific, 1926;
W.s.terp Union. 3,sl5' New jersey, Central
nibal and ST Joseph, GOO: do. preferred / 700 /:
Morris and Essex. $40; Chicago Burlington
ana Quincy. 929 New York Central 800: Ohios.
300 Pacific Mail 100 Cleveland and Pittsburgh. .
22O; G., c., G. and l., 100; Illinois Central. 200 4:
American Express. 1870. and Chicago and Alton.
In the gold market there was quito mn active
bus ness during the morning at 1902 and 1uuh
but the tone subsequently became heavy with
flnai transactions nj the lower figures
Tie following were the principal quotations
ia Stt,N i@,. isF i i" srs 49,
In loans The rate. paid the Of gold IA
The total cearinss at the gold department Of the Stock
khehanss were sld2.dss5 gold balances - 1871 ,
and enrr,sncS balances. $500 rhe sn1ireasnry
interest on The public debt ssooo
Wa Com .eeeia'' $3.50 10 do psymenis S,5.
$500 as oAiS a s5reggy IsG.pt
$40 5sddi gs Customs ss', siioG5 0"'"'''
Tie internal revenue receipts NJ Washington today
T Tr., s3 s. saa S ssg esG s m.
Tor ftfi ml ton
The Bans 90 Eueand lost IN bullion balance during
tr a,t week fS7v and the discount rate remains al
Tie receipts Of wheat st Chicago to-day were son
bushels and the shipments - 49, the corn receipts has.
IN footed up AsuNll bushels and TIE sll meuts 81 ~
The wheat receipts ~ Milwaukee amounted Co - $50
bushels and the shipments 10 al5 tic receipts ~ com
having been only 4pH bushels and the shipments lt'i
fnrDi-n tNyun-c continued firm A. - So ant a. 49,
concessions ia actual business
IN hc money market ral loan. torood stock borrowers
offered ai2riis fiOcuf. with the rate at "a a. IN
Government acuuuesas collateral Fitstclass am.
u" cYtauees wegs quoted al Ssi according 10 date vf
maturity
Govcrument bonds IN active demand for invest.
ment The weaker tone ut gold. however caused. for a
time. some hesitation among holders, but the market
closed strong The prlncipl dealings were In coupon
l-ft~ which advanced fu nltr coupon hs uf ISL which
sod az lUi' .altd and coupon e. cents 100 elui
The following were tile s 4. NJ final pucVs.