New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-26
WEDNESDAY. Feb. 25-r. ".

WEDNESDAY, Feb. 25-P. NJ.
The stock market to-day was what Yesterdays
transactions indicated il would be-feyeIish and
unsettled The opening prices generally were lower
than the final figures of last evening. This state OF
affairs was followed by a small rally. and then by
further decline. After that the fluctuations
frequent bat with downward tendency. until it
was announced that the Secretary of the
Treasury had decided TO purchase $2,QOOOOO
instead Of $I000.000 of bonds. fhe an
nouncement was Immediately followed BY
some manipulation OF the money market,
and the chief rally in prices of the day made
short time before the close of business. The pro-
spective disbursement OF the unexpected additional
81 1000 900 for bonds seemed TO have magical
effect upon the minds of operators. and both bulls"
and bears" made haste to buy. But in view OF
the fact that the full payment for the 50 600 900 OF
bonds will not equal the amount Of the Sub-Ireas-
urys gain since last Friday and in view OF
the probability that the gam from the regu-
lar transactions of the Treasury during ihe next two
days will very nearly equal the amount of the bond
purchase il is likely that. whatever the effect on
the money market may be- it will be only temporary.
In the meantime the exchanges at the East and
West continue to rule strongly against New-YOrk,
and are constantly drawing funds from this centre.
In the early dealings Erie declined 10 ia. Lake
Shore to 1854. MICHIGAN Central to 9Oi2, Northwest
to 9Ols, st. Paul to 70, Canada Southern 80 65ls,
Delaware, LaIkawanna aud Western 10 - y. Ham
nibal and St. Joseph 70 40, Reading to 81 - Hous-
ton and Texas to 81, Iron Mountain TO 6Ol4, Wa
bash 10 1852 Ohio Central to 245s and We stern Union
to ll2l In the last rally the coal stocks were the
most conspicuous but Eric Lake Shore Western
Union Michigan Central, Wabash, and some other
stocks reganed all or more than all ot,te days de-
cline. But a majority of the prices closed lower
than yesterday. The movement i'll Nashville Chat
tanouga aud ST. Louis continued with an ad-
vance from 40 to 1l3, and later reaction to
| 1l14. The Elevated shares, excepting the Metro
poltan, were lower and weak. AT the close the
| market appeared strong a; the rally.
The final changes h0m the closing prices yester-
day are as follows: Declincs-Marictta and Cincln-
natl second preferred and United Statos Express,
| ing, ST. Louis aud san Francisco preferred, aud
| Union c.fic each Il c., {. and l. {. ana North
| prake aud Ohio secnnd preferred, Ohio Central. and
! 81. Paul and Sioux City, each l2; LAKE Erie and
| Western and Louisville, New-A!bsny and Chit
cIgo. each d; Central Pacific and st. Louis
aud San Francisco first preferred, each g
Fer cent Canada Southern, C., c., {. and H. North
west preferred. INDIANAPOLIS. Blocminetcn and
New-lork Elevated. Oregon Railroad ard Nayiga-
non. ONO and Mississippi preferred. and Montauk
Gas Coal, each Chicago, =. Lonls aud New
Orleans and II. Louis aud san Francisco. each III;
Louisville and Nashville liz; aud Erie preferred,
IL per ccat. Adyaases-H ,nnlbal ald 81. Jossph,
Laks Shore. aid Central and linds0n each is
cmnati first preferred, Erie, Ne1-YorS. On.
carlo and Western, American Express, and
American DlstIlct Telegraph, each - NortnWest
aui Missouri Kansas and lexas, each b; Chicago
ST. Paul ami Minneapolis, Metropolitan Elevated
and Wells. Fargo 81 Co., each L; Hannibal and ST.
Joseph pref rrcd. II. Paul and Sioux City preferred
Wabash preferred, Atlantic aud Paci6c Telegraph
and Pacific Mat, each 81; Michigan Central and
Iron Mountain, each 81; Delaware, Liskawanna
ana Western, lis; Nashville, Chdti anpoga and st.
Louis III: New-Jersey Central. los; Delaware and
Hudson a. and Alton and felre liauto preferred.
per cont.
sTocS HASgKL
1!reyo;;ss bv the 6sld snS Sisek TsiesrIDa ossIn.