, 1880-02-26
The Market Opens Weak, but
Closes Strong.
Governments Lower-Heavy Shipments Of
Currency to the Country.
Tbs hotute Markets Less Ittire and EaSlT-A
Decline In Grain and Provisions.
A Firmer Feeling in the Afternoon, and an In
proYement Over Tuesdays closings.
FINANCIAL.

The quotations tell the whole story OF the
stock market of yesterd1y. The calculations
that there would be a bad break were disap-
pointed. There WAS weakness visible at the
opening, and there was some slaughter Of
stocks ordered sold by persons whom the break
If the evening previous had made timid- Iron
Mountain sold down to 6oA, Ene to AZ, North
western to e05sr Union Pacific to 80 Lackawanna
to G7S, Jersey Central to 84A, and Western
Union to 112k; but these were the lowest prices
or the day, and were made good before the close.
Comparing final quotations with those Of the
day before, there were gains for Michigan Cen
tral 4, to gl4; Northwestern e, to 917s; Iron
Mountain X, to 6eA; st. Joe ,S, to Az;
the preferred sf, to s5H: Delaware & Hudson
14, to Is; Lackawauna IL, to S9S; Jersey Cen
tral II, to ssh; Kansas g. Texas 4. to 435; Wa
bash Il, to Nh; the preferred u, to 50; Mime
apoifs 4, to 564; Pacific Mail, IL; Sioux City
preferred 5s, to 81 The losses were more
numerous, but were none Of them serious New
York Central Was of Il, to IBIS; Northwest
preferred ", to los; st. Paul preferred X, to
1G}n3: Illinois Central Il, to 1o@a; Louisville s.
Nashville II, to 139h; Union Pacific i. to 9lh;;
Eric Il, to 484; Erie preferred II. to e0al; Ohio
s. Mississippi Is, to 34A; Cleveland. Columbus
Cincinnati & indianapolis III, to 7eI; Colum-
bus. Chicago & Indiana Central y, to 3l5s; Cam
ada Southern i, to 66; Atlantic s. Pacific y, to
SOY; Reading 4, to 69; San Francisco Il. to AZ;
Northern Pacihc y, TO 33h; the preferred Il. TO
57s*; Lake Erie l. Western =, to 81; Ohio j.
Mississippi ess, to s.; Mobile s. Ohio ], to Il:
Chicago, St. Louis e. New Orleans II. to 43a;
Sioux City i, to 4,1z; Central Pacific Z, to s1A;
Manhattan / to Is; Arizona Mining Company Il,
to9
There were few rumors ahoat, and few opera
tors or brokers cared to express any opinion
about the immediate future. The situation WIS
one of expectancy The meeting OF the mem
bcrs of the tr1lnk-line pool, and the decision of
the fate OF the Southwestern pool, are awaited
with intense interest by the outside public rs
the most important factors in the Immediate fut-
urc The market is in the hands Of very pow
erful men, and while the general condition of
the railroads and the country warrant the ex-
pectation Of ultimately much higher prices than
those now ruling, these quotations will be reached
by WAYS too devious for most people to follow
with profit
Chicago Clinton, Dubuque s. Minnesota was
G5.1; Flint Ptrc Marquette, stock es9:* and the
consolidated is, s5t:.
Erie second Is opened ut BIZ. and closed ut
ass.
district of columbia 365s were ee5..ss bid and
By asked. In Government bonds, the Is were
l061z bid and 106={ asked in New York, and 1851
bid and 1O6x asked in Chicago. In this market the
AS were 10sti and l0S1s, the IS lG3lz and 1G31.,
ind the 0s 1U5a and 1G,ss. Business was light.
Foreign exchange was dull. Sterling posted
rates were 485 and 4s7.z. New York actual rates
were 4s4s and AsGsf- In Chicago actual rates
were 4siGJis44t. and 4SGIAsGa. Sterling CONNER
cial bills were 4s1.@4s:.4. Paris bills, 5a3,,x-
German commercial bills were 81. The supply
of bills WIS light The following shows the value
Of imports Of foreign dry goods at New York
for the last week and since the beginning Of the
year:
Far tlr etyyA. 1s.h- 1873 1857
Thrown on murket.. -.anXB stES,1D 3,ulst5D
Since JHH- !. 1SsH. Is.9 faN.
Entered Ct po.t.- $13ta1af15 sl3Et.SE S19ubeE3
Thrown on market-. 1a,5s5l3D B,s6lr-H N41;, :l
Country orders for currency are growing
heavier. and little is coming back- New York
exchange sold between banks ut Soc per 81 900
discount Loans were GGS per cent at the banks
and GI7 per cent on the street. Bank clearings
were &, ,500 600.
Local securities were inactive. There were
sulcs On the Mining Dours1 Of O. Keystone, zoo
shares Mt Sl5; Chicago Silver Cliff, 20 at 17.s.
The following quotations were made: