Evening star. [volume] (Washington, D.C.) 1854-1972, 1881-02-26
Situation in Wall street This Morn

ing.
NEW YORK, Feb. 26-There is still feeling
OF uncertainty and doubt existing In Wall
street, mingled with the hope that the worst is
over and although prices are somewhat f1rmer
all seem to agree that the condition Of affairs
briefly stated, is as follows: Ii the Secretary OF
the Treasury can relieve the stringency in the
money market, or II relief can be had from any
other quarter the stock market Will have a
material advance. otherwise present prices can
scarcely be sustained. The sub-treasurer Dur.
chased, up to this hour, A.7OO, 600 bonds
12 m-Stocks. The speculation. though
somewhat fevertsh In the main, was strong in
tone after IL O'Clock, and prices advanced
throughout the general list, so that at noon The
Improvement on last nights closing quotations
ranged from 4 to per cent, the latter in Real
Ing. Union Pacific selling up 5 per cent, Can
ada Southern 4, Louisville and Nashville 5, D..
l.. and w. 81 Northwest aud ST. Paul 9 Ohio
and Miss. 21s, and Denver and Rio Grande per
cent.
An Advance in stocks This After.
Moons
NEW YORK, Feb. 26, 1:15 p. m.-The United
States sub treasurer has purchased to-day UP
to this hour 81 500 coo OF bonds under Secretary
Sherman's authorization OF yesterday. The
stock market continues generally strong, aud
the entire LIST shows an advance on the noon
quotations, the improvement ranging from \
to per cent.
Among the stocks that are off badly from
last nights closing is Western Union, being
l0S1G (at l:30 p m.l against ll5; Union PacIh; IS
ll4% against 1lsA last night; st; LOUIS and
Central, 1884 against l0G.
Secretary ShermaiI,s Intentions.
NEW YORK, Feb 26.-An extra lust Issued by
an evening paper reports an Interview with Sec
retary Sherman late last night and reaftirmS the
statement already sent 0ut tnat the Secretary
will do all in his power to relieve the strlDgency
In the money market He does not propose any
definite program, and it is believed from what
he says that he does not at this moment see his
way definitely, but will do what he can as the
different phases of the emergency present
themselves.
An Easier Feeling.
NEW YORK, Feb. 26, l p. m.-The feeling on
| Wall street to day was good deal easier and
the paDfcky feeling has abated considerably.
| prevailed yesterday viii not return. Kiernan's
financial bureau received the following dis.
| patch to-day:
"LonDoN, Feb 2s. p. m.-Markets closing
| firm. Englishmen calculating on ultimate de-
| feat OF the per cent funding bill, and money
| being easy at London Stock Exchange large
operators bought blocks OF stock at prices
allowing very large margins"
| The POSTS ReVfew-A Strong Mar.
ket To-day.
NEW YORK, Feb. 26.-The Post, In its flnan-
| cial article to-day says: The stock exchange
markets have been so thoroughly shaken up Ia
| the last few days that they are In q state OF
| comparative decentralization subject to every
passing rumor and variS ble In the extreme At
| yesterdays closing OF the stock market a panic
was raging, but shortly after the close an i'm.
| proved feeling became apparent, and was con.
| ttnued at the uptown hotels last evening? This
morning there was strong opening. but this
and until about noon the market was alternate,
| ly strong and week. with the changes ftfuI and
frequent. The prices, however, kept within
eomraIatively narrow limits, and the average
1 OF prices was considerably above yes
terday's lowest. About noon a steadier
tone characterized the market, and it
soon became strong, and is SO now.
who always come down town after such break
Of that OF yesterday for such stocks as they
can pay for and take them away. The weaker
| class OF stock brokers who rather than pay the
! enormous rates for money current yesterday
| threw over their customers stocks are also
among the buyers to-day. Large amount OF
| stocks have also been bought for London ac
count. II they are not resold here at an ad
vance, but are exported gold to a considerable
extent viii be returned for them. The indica.
| lions are now Ihat tne crisis has passed. so Iar
as the money market Is concerned. When the
| rates for call loans to the stock brokers Wera
| yesterday 1kaK per cent plus per cent per
| annum, they began this morning at 4 of Der
cent plus per cent, and as we write are down
| to plain per cent on L. S. bonds and per
cent plus y per cent on good stock collateral.
Time loans and mercantile paper are nominal
The business In foreign exchange is still de
moraliZed The posted rates for prime bank
er'S sterling are down TO 4S0 and 4S21<: the low
est rates at which sales have been made are
AIS for 60 day and 4,6 for demand bills Gables
have been sold as low as AIS, and prime com
nercial at 412a4I3; the range OF rates at
which business has been done has been wide
three to five cents per pound sterling. OF
course these rates warrant gold Imports. and
as money is very easy IN London and good
many OF our securities have been bought for
ports are not Improbable Us. bonds opened
Aass above yeste rday 3 closing and have snCe
been strong. Railroad bonds were weak In the
sag ent gss dealings ips at decline Of as per
been recovery OF Aa2 per cent, the iat.fr
Texas Pacific land grant incomes.