New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-25
THIRD CALI.--2:3O p. VI.
TUESDAY. Feb. 21-P n.

TUESDAY. feD. 21-P VI.
Following the numerous points" which were In
dusrously circulated at the end Of last week TO the
effect that the present WAS to be grand " bull
week at the Stock Exchange. tO-dav's stock market
nrobablv proved great disappointment to the
iorIty of operators. With few eXccp-
tions. stocks opened tamely. rather than
buoyantIy as they were expected to do. The
executions were Western Union. which started
at @ and sold at 1l6l2 against liza. Saturdays
closing price Ohio and Mississippi preferred, which
opened Mt II and sold at S415 against 10; Hanni
bal aud St Joseph preferred, which sold up to rs
against 1855 and the coal shares. with Delaware.
Lackawanna and Western leading the advance
up 10 1868, Delaware and Hudson following
10 SOlA, and New-Jersey Central 10 SGl2.
These movements for time steadied market that
otherwise developed the incipient stages Of weak
ness from the very opening. Later in the day the
weakness of other stocks overcame the strength OF
those named and they too declined. so that in most
cases nearly all the early gains were lost and in
cases more than all these gains was lost The weakest
stocks were those of the elevated railroads, the
CHANGERS. Eries. and the Southwest stocks other
than Hannibal and st. Joseph preferred. Erie,
after opening up il at lsli declined to 49, North
west fell from 02ai to 9OAa91ls st. Paul from
s1ls to 7034G 1913 Wabash preferred from 70li to
esq., and Iron Mountain from G3la to 3134.
Al the close the feeling was very unsettled. and
some fears were expressed that the market might
be on the eve Of another collapse like that OF
last November. 1t was realized that in many
instances stocks are much higher than they
vera before that break. and that. instead
of gold now pouring into the country,
orr large mportatious and the check given 10 our
exports by the spectators in grain and provisions
are fast bringing the foreign exchanges M to a
specie shipping point. Undoubtedly nothing
could happen which would confer so great a
benefit upon the legitimate business of the
country as any event which would unlock the grasp
which spectators have upon the things necessary
for life But it is doubtful II even tight money
would do this, although tight money now undoubt-
edlv would very seriously affect the stock spccu!a-
ton
Tho final changes from the closing prices OF last
| Saturday are as follows: Decmes-Marietta and
Cincinnati first preferred, Ohio and Mississippi and
! st. Louis and San Francisco each Il Lake Shore,
St Paul and Sioux City. and Pacific Mail, each So
Northwest preferred, Marietta and Cincinnati
| second preferred, Nashville, Chattanooga and
st Louis. Ohio Central, Union Pacific, and
Wabash, each l2 Chesapeake and Ohio
and Erie preferred, each os Central and
Hudson, Northern Pacific, and United States Tx
press each 81; Lake Erie and Western and ST. Paul
and Sioux City preferred, each 3; Central Pacific.
C., c., G. and l., Chesapeake and Ohio second pre-
ferred. Hannibal and st. Joseph Ind Bloomington
and Western, Louisville and Nashville, Now-York
Elevated, and Northern Pacific, each /; st. Paul.
Illinois Central and ST. Louis and San Francisco pre-
ferrcd each 1is; Canada Southern. Chesapeake and
OHIO first preferred, Michigan Central, Iron Noun
tain and Wabash preferred, each Il Houston and
| Texas and New-IOrk Ontario ana Western, each
| liz; Atlantic and Pacific Telegraph, JOS; North
| west Manhattan Elevated, aud Montauk Gas
Coal each 1ai; Missouri. Kansas and Texas, / 7s
| Chicago, st, Paul and Minneapolis and Erie each
| District Telegraph, 4ss PER cent. Advances
New-Jersey Central and Western Union, cacl
bile and Ohio each II st. Louis and San Francisco
| frat preferred. s.; Alton and Terrc Hautc common
and preferred, c. c; and l. G., Rsadng, and Adams
caeo, ST. Louis aud New Orleans, aud Haunoal and