, 1880-02-28
III TELEGRAPH.

NEW EDlh-
Special Dispatch to The Chicago Tribune
NEW YORK, Feb. 27.-The feature Of the mar
kot to-day has been an advance In Granger
stocks, Lake Shore, and coal stocks, notably
Lackawanna, In which heaty short interest
wns forced to cover, resulting in an advance Of
nearly 2 per cent, from which there was slight
reaction in the afternoon. With the exception
of the above stocks, the general market was
without buoynncy-, and at times showed weak
ness. Western Union was barely steady, md
the bull movement in this was apparently ut
rested on the announcement Of a reduction by
the new telegraph company and assumption By
the Union Pacific to-day Of control Of the lines
along its route The American Union is now
T ready for general business, and a fierce competi-
ton is Immediately probable Pacific Coast
te1egraphy is hereafter open to al lines onequal
Money continues active, and an attack on the
market from Gould is expected, although he has
said to-day that he VIII leave tor Tex;s to- nor
stocks, i'll the hope OF being able to market the
present large + nhoIaings ,,<o,,.,,s n-..
NEW YORK, Feb. b.:.-Govertnnents strong and
a shAde higher Tor AS and Is.
Railroad bonds strong and higher.
State securities dull and nominal.
The stock market wus strong throughout al
most the entire day. AT intervals slight reac-
tons took pce under ~ reai1on5 Due @ a. the t,
highest of. the day: The advance was 10 per cent
in New Albany s. Chicago, and " to ~ per cent
gers, s. Kansas s Texas, aad coal stocks being
most conspicuous III the Improvement. N.lsh.
Chat s. St, Louis declined from ll6 to HOG. and
former afterwards rose to 1177z and closed ut 1l6.
Ss@orsd as Sead taFsr SSa hqsss pssR
1s;G their recent sales, and covering outstanding
shorts: Wabash, Il: Hannibal !; st. Joe, +iet;
preferred, 75i, Iron Mountain, 62L; Kansas i
TnyHS. 4}A. Am0nV the nJrautfDnE tho
stock Of the Columbus, Chicago s. 1n<liana Cen
trai Compuny, which fell to ala on i rlnor
long-litigated case to the Supreme Court by ap-
peal. Incomes fell to AZ, first trust receipts to
aS, Houston lou @ re TEXAS Central fsll to ~ oa
largo block Of stock.
Nashville, Chattanooga & st. Louis advanced
: per cent from the lowest point Of the morning,
to l7A, ou the announcement that President
Cole hnd withdrawn his resignation.
The Express says the reduction Of tho public
Debt for February will probably reach s., LOO 000-
The American Exchange denounccs yes1er-
days raid on Little Pittsbnrg, and says it WIS
movements to force dpwn the stock in order to
Coal in active demand md selling at $3.50 per
ton. Most companies refuse to make large con-
Transactions, 10000 shares: $500 Atlantic s.
Pacific Telegraph, 200 Canada Southern, $500
Columbus, Chicago s: Indiana Central. 6,4oo Cha
cago, ST. Louis s New Orleans. 6.sO0 Lackawan-
"a, d 900 Delaware & Hudson. 5000 Eric, u,QQ
Hannibal st. 1c=eph. 1,s0} Houst>'l s. TexfH
6O0 Iron Slountt!n S5 zoo Kansas Il Texas, t}.0o
Lake Shore, 1906 Little Pittsburg, $40 Mchi-
gun Centr,i, $500 Northwestern, 4000o Nash
vile s Chattanooga. $4,000 New jersey Central.
100 Ohio l. Mississippi, 500 Ontario s Western
(closing ut 9s}. 16U Pacific Mail. 400 Reading,
u+on st. Paul, ! >00 St Paul s. Sioux City, l,0G0
81 Faul Is Minnesota, l0,000 Wabash s. Pacific,
and S,2sQ Western Union.
Money louued down from to per cent. and
closed easy. Prime mercantile paper, 5D5H per
cent
Sterling exchange, sixty dnys, steady at 4St,5;
sfeht, 4Si4. ,:--..
Dry-goods imports for tho week. s., e,3e8,0 900,
= GOVERNMENT BONDS
s New ewt.,-.--..-.......-1N4
lE1ss iacnc is Of w. ....--.ES3f