The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-02-20
FINANCIAL and COMMERCIAL.
The Stock Market Active
and Feverish.
Government Bonds Strong States Lower
and Railroads Irregular
Money on Call 2 8 2
Per Cent.
WALL STREET.

WALL STREET, |
"WEDNESDAY Feb. 1916 +. M.
After opening with good deal Of strength the mar
ket began to weaken at midday, fell of seriously in
the afternoon and closed irreguary. but with soma
Improvement upon lowest prices. In fact, at gong
sound things were left pretty much in that condi.
ton which is expressed being at skies and sevens
some stocks being decidedly weak. others barely
steady and the remainder upon the anxious seat as
to what may happen tomorrow. The weak spets
were Western Union and Northwestern common
The first. because reports from Washington
looked favorable to ultimate passage
of the Zones" Telegraph bill, and the
second, because of the disappointment which
followed the non-declaration Of a dividend
upon the Northwest common shares Besides
this it was quite evident that somebody had been
splitting stocks in quantity measurable rather by
bung than spgot capacity. particularly in the
of Jersey Central and the granger referred to- The
Northwestern directors met and declared quarterly
dividend. payable on the oath Of March. Of TX per
cent upon the preferred shares equal to little
over ~ per cent per annum upon the market price
of the stock. Upon the common stock, which most
people thought would return dividend of to Ia
per cent, action was taken. The surplus on hand
December l. 1875 was sssl.12G. out Of which the
present dividend Of s376,642 will be taken. The
baance-s4s4, 4s4-wl be sufficient to pay the quar-.
terly uiVlueuu uue III Juuo, oAu icaSo Oalhuce Oh
$1O7 84 applicable with the addition Of current
ings lfyearly dividend upon the common stock.
very lively squirt engineered early In the day
In Kansas and Pacific the price being carried from
151a to 221+ with scarcely check. though it meekly
settled back to 1sa at the close. rumor that sue.
cessfu effort would be made to take the property out
of the receivers hands given Is the reason for
the rise. further advance Of so per cent made
in Rensselaer, and Saratog-a stock which appears to
have been much forgotten by investors as though
it had been prisoner in the oHbees of the Bastile
However. some Of the Rip Van Wrinkles of capital
have wakened up to the fact that it is an per cent
stock guaranteed by Delaware and Hudson, and they
have gone for it" accordingly. There was very
large business done in Erie at steady prices. and
considerable activity in Lake Shore at prices the
reverse Of steady, the closing figures being smaller
by per cent than the highest ones. The next
sweet morsel which will be rolled around the specu-
lative tongue is said to be Kansas and Texas. The
opening of the Indian Reservation to railroads and
emigration is deemed to be inevitable, and large
amounts of stock have been picked in view of the
benefits to accrue therefrom. During the last half
hour there was free and business-like buying Of
Northwest preferred, which looked like aiming at
higher prices. The rest of the market remained how
ever in q dazed condition, which expressed nothing
good nothing bad, but considerable amount Of in
difference.
The opening highest lowest and closing prices Of
stocks at the New York Stock Exchange to-day were