New-York tribune., 1880-02-14
FRIDAY. Feb 13-P. N

FRIDAY. Feb l3-P. N.
The stock market to-day opened as IL closed last
night-buOyant-and general but irregular fur-
ther advance in prices established in the early
dealings Nevertheless the conspicuous feature OF
the market as n whole. was that OF feverlshness
and uncertainty Perhaps this condition may have
been due to the fact that Erie did not behave as
well as it was generally expected to do.
After Board hours yesterday 4Sl2 was
freely bid for the stock on the street and some
oyer-sanguiuc persons undoubtedly believed that
its opening figures this morning would not be under
40 But it opened at 1888, which proved to be IT'S
highest price for the day, and very soon developed
q weakening tendency; so that. instead OF its be-
ing unusually active, the total transactions in the
stock were 1000 shares less than yesterday and its
price declined TO 475sQ473i. Lake Shore also early
sold little higher than yesterdays figures, but at
the end showed a fractional decline. Mich
rgan Central was specially weak, declining TO 50.
This is supposed TO be because of the completion
and opening of the Grand Trunks independent line
into Chicago and the action OF that company IN
taking grain for Europe giving through bills OF
ladinp by way of Portland and Boston at cut
rates"
Louisville and Nashville continued to advance,
and its price rose to 1884, figure that seems high
for stock that has not yet demonstrated its ability
]
Louis also was per cent higher at 92, and closed
strong. ST. Louis aud Iron Mountain was another
| stock that was exceptionally firm, although
il did not fully maintain its extreme advance OF 2Ss
per cent at the close Ohio and Mississippi preferred
| also was higher upon some talk of a possibility
that the company's purchase of the Springfield Di-
vision may be annulled. But it remains to be shown
| that the business of the Springfield Division has
not been the most profitable portion of the company
! whole business. The granger stocks were dull and
in final prices show small changes. Coal stocks
were higher Delaware, LacKawanna and Western
nj one time selling at S5as but it closed at S4os.
Telegraph stocks were firm and higher. but Pacific
Mail declined to 303i. at the close the market was
feverish aud unsettled.
The final changes from the closing prices yester-
dov were as follows: AdyauccS-Northwest pre-
ferred. Illinois Central and Ohio Central. each Is
Alton and Terrc Haute, Delaware. Lackawanna
and Western. Delaware and Hudson Erie preferred,
St. Paul and Sioux City preferred and Western
Union each il: Marietta and Cincinnati second pre-
ferred ard Reading, each 3s: Central Pacific, Chi
cagO Burlington and Quincy Hannibal and II. Jo-
seuh preferred Northern Pacific, II. Paul and Sioux
Citv, aud American District Telegraph, each l2 {;
st. Paul preferred IS Chesapeake and Ohio first
| preferred and Indianapolis Bloomington and Wes'
ern each -; Atlantic and Pacific Telegraph, 7s: Chi
| caro ST. Louis and New-Orleans C., C., {. and L.,
| and OHIO and Mississippi, each Chicago st. Paul
| and Minneapolis, lis: Northern Pacific preferred,
| ia; ST. Louis aud San Francisco preferred, 1Ss /;
! 81. Louis and san Francisco l2; Iron Mountain,
| 16s: Metropolitan and Nashville, Chattanooga and
81 Louis. each 2; Ohio and Mississippi preferred.
2 and and Nashville n5 per cent De-
| and 'Tcvns. each Is; c., G.. aud l. c., Northwest
Marietta and Cincinnati first preferred, Peoria, De
catur and Evansville, and Union Pacific, each Il !;
| Ghes,neoke and Ohio Lake Erie and Western, and
WABASH, each 80; Erie, l2; New-York, Ontario and
| Western. Wabash preferred and Pacific Mail, each
| %. Manhattan, "a; Canada Southern, and Mich
| iSan Central, 13s per cent.
| RANCE ThE STOCK MARKET.
<,repoyeS Jy N, Gotd and Stock TseoraDh 9emp1nE