New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-12
THIRD cALL-2:3O P. NJ.
WEDNESDAY. Feb. lip. ".

WEDNESDAY, Fen. III. W.
The turning point in the stock speculation to-day
was the Governments purchase of its own bonds
and the consequent anticipation OF Treasury dis
bursement of over S1l.000,O0O cash. Until after
midday the stock market was feverish and rather
more inclined toward lower than higher prices. But
when il was known that than the full amount OF
81 600 600 of bonds were offered at about market
prices the temper changed, and prices generally not
only recovered the early declines, but also
further advanced above the last figures OF yester-
dov Erie sold from 1878 20 46ls, but afterwari
At 475sGf7la The report which was published IN
some of the morning papers (but which still lacks
courmatonl t1 the effect that the contract relat-
ing TO a division Of freight between the Erie and
Central and Hudson companies had been signed,
had no effect upon the price Of the stock because.
despite the report, il early declined - per cent.
Lake Shore AZ first was about steady at 1880 1929.
tut with the changed disposition of operators us
price rose to 1O33d 1888. St. Paul and Northwest
ern early were weak, st. Paul declining to
77ls and Northwest to SSH, but later they sold
nj 7S14 and 90a S93i respectively. Among the coal
stocks Delaware and Hudson was weak. falling 2is
per cent to 71si and recovering only to 72Si' while
delaware. Lackawanna and Western and New
Jersey Central were stronger after the early de-
clines. The Southwestern list of railways generally
San Francisco shares were weak and, excepting the
preferred stock, closed at their lowest prices.
The miscellaneous stocks attracted little attention
md the business done in them was light. The
market closed excited aud strong.
The final changes from the closing prices yester-
dav are as follows: Advances-Cnesapeakex and
Ohio and Chicago and Alton, each g; Manhattan,
Michigan Central Central and Hudson. Ohio and
Niss,ssipp preferred and st. Paul and Sioux CITY,
each Il: Union Pacific and Western Union, each b;
Alton and Terre Hautc, c., C. and l. C.. Chicago II.
Paul aud Minneapolis. Illinois Central Metropolis
tan. Nashville, Chattanooga aud 1t. Louis, American
District Telegraph and Pacific Mail. each
IL. Northwest, Lake Shore and Wabash preferred.
each 81; Chicago. st. Louis aud New-Ogleans, Del
,vore Lockawanua and Western, Hannibal and
st. Joseph, Erie and Northern Pacihc preferred
each 81; 81. Paul, Is: Louisville aud Nashville
and Wabash, each l; New-Jersey Central and
Northern Pacific. each Ia; Iron Mountain, 1Ss;
Mobile and Ohio 112; Missouri Kansas and Texas.
1os: Adams Express 12i aud Erie preferred, l's
nor cent. Demonstrating, 4; Lake Enc aud
Western. Marietta and Cincinnati first preferred
~ Poul and Sioux City preferred and IT. LOUIS
and San Francisco, common and preferred, each .;
Atlantic and Pacific Telegraph, os; Indiana
Bloomington and Western, "a Houston ana ieAas,
I. ST Louis aud san Francisco first preferred, ii
Delaware aud hudson, is; and Central facluc' q
per cent. ~, ,,.. OIL, r.,,,.,,c,a VIVA
active with South lIite conspicuous because oil i's
crcat aud freouent fluctuations, between " 80 aud
SS25. The stock fndly closed at ~ 80. against
~ 50 YESTERDAY ukill was strong WIN go 4a
snonnt of transactions. rising from ~ 10 10 - ~
@SI95 Green Mountain IN as firm at ITS recent
advance to So 80 as it previously was at ~ 90.
Great Eastern also active aud sold up 70 o"%
IN AGAINST 81 at yesterdays opening, ana uoi1
placer ex h,bited some life in advance from 30
To 3S037 o. ,,..vv,
.,,noyt,d 5u ne cod and Stoes Tstssrspa ecmsgHE