The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-08-07
FINANCIAL IND COMMERCIAL.

TUESDAY, Aug. G-P. M.-Thc spccula-
ton at the Stock Exchange developed decided
ly better tone and confirmed views recently
presented IN this column that the leading opera
tors on the boar side OF the market had covered
their contracts. and changed front 10 the up
ward turn in prices. This buying process has
been observed for several days. and was again
reflected in active purchases Of the Granger
stOcks and other leading shares. The NORTH
westerns were the lowest at the opening of bust
ness. and advanced from 81 to 3j's for the
common. with the preferred Pa G. cent.
higher at co. in the Aual hour. Tho ST. Pauls
werc for "a white weak at "A decline Of +, Z cent.
for the common to 81 g. and OF 3, for the pre-
ferrcd to 10. both Of these stocks having opened
strong but after the depression there was
general recovery OF II and "a TO SO and 72A
respectively. Lake Shore. however. was ma
nipulated upward from 6l'. to 62's; and Erie.
which is under the same speculative manage
ment advanced a cent. 20 49,. buyer 3. Tho
disposition on the part Of kceue. the Cali i1rnia
rrcrator, to purchase Literally the active list IN
Gates that he has changed from The ucar 10
ne bull side Of the market. and tho violent
fluctuations OF the Granger stocks during the
pa-i week WAS produced for the pun eo Of IN
aiding him to cover ms Slorl contr Della,
up early in the day from 90 to1j Nr.> sud-
denly broke t. 52h but from tai Pc iurre
WIS vigorous buying for tho account OF fho
SPORTS. ana the price rose near the co-' to ..
Delaware. and lludson At tho same o.. aa-
Cenirai2 y cent. to a7i. With 30 share lots -
ing at 3ts. Western Union was strong .iru
The start AMI recovered | = 70 30 with tni n
%. Qhlos . al 81, anu Cleveland and Pitts
burgh | e cent. at II.
tho best figures NJ the day. closed ilrm, and in
dicatious seem to Justify n belief that the STAN
pede in prices is over for tho present.
Tho total number OF shares dealt in amounted
e 1876. Of which Delaware. LackawHnna aud
Western represented 2HH2n Erie 29695
Northwestern common, 2u.31u' do preferred.
2O.67j 81. Paul. 2O.23O DO. preferred. 1880;
Lake Shore, 1900 Western Union. GIGS,
Union Pacific. 3.1Oj. Morris and Essex. 1900;
Ohios. 1900. New Jersey Central, 1868; Della
ware and Hudson Canal. 800; Cleveland aud
Pittsburgh. 500; c., Is. and quincy 800; Ontario
fcrred 800; Michigan Central 400 C.. {. and
!. C.. ana Illinois Central zach 2uO; Quicksilver
preferred, Rock Island. Hannibal and 81. DO
seph preferred. and nted states Express. caIl
100. Harlem. 80 AT 1875; New York Central 81
At lo7 '.ai4 W.. Wells Fargo. 10 at 9OY9l; and
American Express. 10 az 81.
In the gold market business continued oxcos-
sivoly dull, without pres nuug any feature Of
Interest All OF the iIahsattions were recorded
al loo o.
IN loans The rate. paid FOR the use Of sol were ..
Thr total CLEANUP. 40 tnc gold department of the stock
iaTrrnU bnlanC s.7si Nfe S T1st.ry a, n
slal IN ea,'i ni. AMI paid oa' IN com interest On
THE DAYS au,ng.s a nc Tinted state. sub Treasury
500, 90 balance sl.i 3-,!5a2t Currency reecut.,
s,77,ee ~ DO PAYMENT. e7tal' 81, do balance,
M internal revenue receipts at Washington today
Treasury also received sjopon IN material bank notes
me tulion IN the Bank Of England was increased
Iie exports of domestic produce. currency valuation.
for the week ending IL day looted up ~ 94l,,7.
The earnings OF the Denver rnd kio Htaude Railroad
80 "a as compared with the Corresponding period OF
tS99fe T" c m P} smeGS @r: + wo,s
n