, 1880-02-27
Governments DuI|-The Currency
Aforementioned ri.
flanCeS.
The Produce Markets Generally
Quiet, and Tending
Downward.
A, Weak Feeling in the Afternoon
Wheat, Pork, and Lard Quite
Weak.
FINANCIAL.

Stocks. Ih1cdEO DrOKcIs anu operators UeucNe
in lower prices by a large majority All the ad-
vices received frnm New York point to a de-
cline in values Tho insiders reiteratc the opin-
ion in season and out that stocks are too bigh.
The assurances that the meeting of the trunk
line pool would be harmonious had no effect on
the tone Of the market It wus stated On good
authority that dispatch Was received by the
representatives Of the uunk-lincs from the four
Presidents directing them to make no break in
rates on account Of the competition Of the Grand
Trunk. But this news apparently made no bulls
Nearly everybody believes prices will ultimate
" 60 higher. but also regard present quotations
Is too high, and are consequently looking for q
serious break in tho whole list Those
who do not think stocks inflated
ut their present figures expect q
tumble no less than the others. because they be-
lieve the big fish want 1t, in order to load up for
another rise, and what the big fish want they arc
generally able 1n get The weak point in all
these vaticinaons Of the future is that it is not
the expected that happens
Apart from the Louisville g. Nashville and
Nashville e. Chattanooga stocks, which no one
pays much attention to. the strongest stocks
: were the coalcrs and Columbus, Chicago g. In
diann Central. The latter advanced *, to 23ix,
on the report TINT tho Pennsylvania Railroad
would not wait for the decision Of the Supreme
Court, but would settle its Indebtedness at once.
THE coal stocks were strong On their merits, and
are believed likely to 60 down only, If at all IN
sympathy with the rest Ut the market Della
ware g. Hudson made 4, to 7Sz, after
.6clling at s9A; LackaNnnua Il. to. 90A,
after selling at sl1s; Jersey Central Il, to
s6f. The Vanderbilt stocks did not lose
anything. New York Central made y, to 13131:
-Michigun Central Is. to 91a Lake Shore y, to
10fi5; Northwestern Il. to BIZ. Northwest
gained Il, to Nl5s; St Paul Il, to S0h; Illinois
Central L, TO 103, Louisville & Nashville Il, to
143s Ohio Mississippi =. to 35a; c., C., C. & l.
Il, to SON; Minneapolis 4, to 81; Lake Erie &
Western i, to SIX; Chicago, St. Louis s. New
Orleans 4. to 44A; and Mobile Ohio u. to 241k.
The only serious loss was made by Manhattan,
which declined 3 to - Erie was weak and lost
=, to 35s. after selling ut H.: md 45.4: Union
Pacific ranged between a154 aud 90a;, and closed
a quarter lower, Mt 91. Tie fluctuations OF Iron
Mountain were between Gs35 and 6lss, closing at
The latter figure, with loss Of i. ST. Joe, after
reaching 4l7s. closed at 40x,. the lowest point
of the day. The preferred opened at '5s5, sold
down to AZ, and at the close was 144.
afterwards made ], to IS. Wabash declined from
Ak to Is, but recovered 4, to 43T- The pre-
ferred sold at 6a.4 and Gssf, and closed ut 6s;s.
The extreme range of Western Union was 1l5H
and ll4ss, and the close 1l47s, US on the pre-
ceding day. Atlantic s. Pacific lost 4, to 4ass,
and Heading H. to 6ss{, after selling ut 6a4 and
eStx. Pacific doIl declined X, to 4yS; Cbesa-
pcake s. Ohio i, to =,
Erie second Is opened Mt o2ss, sold down to
9lss, and closed at gl5a
In rai1road bonds, in New York on Tucsdav
there was e1l-disributed business. Erie con-
eo1jdatcd seconds advanced to e3x. and funded
IS to sSss, but the former afterward declined to
q,a. C., c. g. T. incomes advanced from HIT
r. Chesapeake s. Ohio currency 6s rose to 45,
and fell OF to 431s Kansas & Texas f1rsts de-
clincd to 105, and seconds to G6.:, with 4 frac-
tiOnai recovery ut the close Tcr3s & Pacfic