, 1880-02-27
III TELEGRAPH,
NEW YORK

Special DspateA to The Chicago Tribune
. NEW YORK, Feb. o0-The market opened
strong, but soon became weak, with the excep-
ton of coal stocks, which were strong until very
near the close, making a decided advance for
the day. About noon prices stiffcned along the
line, and at 2 Q clock again steam was applied,
but within few minutes Of the close the whole
list suddenly grew weak, and closed at an aver
age lower than they we're depressed in Goulds
raid of Tuesday last
The stock market acts tired, and It Is believed
that operators are more anxious to sell their
stocks without depressing the market than to
advance prices The growing activity of money
within the past few days has had much to do
with this altered state of things It is true that
the purchase Of S..,000.0o0 Of bonds by the Gov
ernmcnt gave o hopeful turn to the
market yesterday, but on the same
dAy nine steamers arriving from Europe
afforded occasion for the payment OF
some s, COO 900 for duties The balance OF tra de
is working against us, and the shipment of
specie is likely soon to begin, while there is d
daily drain from the West. These facts, and the
unwnrrAnted height tn which very many secl,ri-
ties that afford no possible chance for diyiderds
have been pushed, make It advisable for those
dealing in stocks to net with extreme caution
and especially rs Gould and Sage. two Of the
holdings, huve suddenly changed front and are
every day assaiing the stocks.
Coal stocks, us HRS ttltimated in this column,
@ hgve had handsome rise, and will eventually
Sell much higher on an improved condition, but
have already advanced considerably and d re-
action is not unlikely.
to l@, afterwards yielding five points The great
stock dividend i!,+ths property is believed to be
certain this week.
Western Union was firmly maintained through
out The market closed wcak and fcvertsh-
1o the Htster1, Associated Press.
MEM YoeK. Feb -.6,-Gorernments active and
and generally firm.
Railroad bonds irregular.
State securities dull.
The stockInarkct was strong in the early deal
ings, and prices advanced Il to 81 per cent in
the general list Subsequently, there was q rcac-
ton Of to "a per cent, but during the after
noon the market became buoyant and advanced
to per ccut. the latter' Louisville s. Nash
Vile At the close there WIS reaction of u tol
per cent under sales to realize. Harlem and
Nashville, Chattanooga s. St Louis were tue ex-
ceptions. The former advanced 10 and the latter
sa per cent AT the close, Nashville, Chatta-
nooga s St Louis reacted X per cent from
the highest point The coal stocks were very
prominent, and large amounts were taken on
the theory that the present prices for coal
place some of these shares On the road to diyi-
dcnds.
Ncssrs. Vanderbilt, Jewctt, Scott, and other
railway officials held conference at the Windsor
Hotel lust night, and it is understood were again
together to-e.ay. These conferences are in fcla-
non 10 all AdVAnco In west-bound freights, and
also In oil rates.
The Excelsior Mining Company declares div
u "@s ICsJsS IL SA4tl4c. P|1hO NHIEQ ..
4 dispatch from the end of the Southern Pacific
Railway in ArizOEa says the average progress of
the road for nclriy u1onth pnst has been about
TWO miles per dny. and the road will be com
pletcd to Tucson Ii. q short time
The earnings Of the Northwestern Road in
creased SOL .00t the third week in Feb,uary,
The Wabash earnings the second week in
February increased $;;;it.ssu4. aud those Of the
Louisville s; Nashville. $4,000.
Transactions 425O00 shares: 4,7GO Atantic &
Pacific Telegraph. 5,0U0 Eunadn southern. T.s01
Columbus Chic:!gn 4 Indiana Central. l.i0O Chi
cagp, St. Louis & New Orleans. no0 Lacknwa11-
nA- 1! 200 nelnwarc & Hudson. 60nn Erie, ION
! Hannibal = st Joseph I,,oo Houston s Texns,
~ Iron Mountain: 20 .D kans,.s & Texas, 100
,:ii3, InSe sbors loo LITTLE pittsur 1910 Louis
Norris = Essex. 6,G0 Northwestern. 36,0N Nash
ylilc Chattanooga CLOSING ut lI5s1), IS OO New
Jersey Central. l,too Nov York Ecntrnf. Ian
So1t9;a S0fsasr9 Pssiac 1900 Ohio Mississippi 800
Mali ~ Reading, 800 ST. Paul ITO St. Louis
J = San Francisco 500 St Paul g. Sioux Civ. !
s,S00 Union Pacific. = 'A''"' $@A43
Money in good supply and loaned down from 6 ]
Q ., closing at 3. Prime mercantile paper. az |
light, 4S7. ~0' ~ +0&7s'