The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-02-02

Governments firm.
In railroad bonds West Shore IS were
heavy aud lower at IS to AIS Outside OF
West Shore Gn active demand prevailed
throughout the day and general advance
was recorded. The features were, Northern
Pacific frsts and Biz Sandy firsts, the for
mer selling mp to 100 and the latter to l0A.
Lafayette Bloomington & Muncie frsts
rose to %; Metropolitan Elevated dr.ts,
"a to 1885, Missouri Pacific 3d'e, IL to lib
l.2; New jersey Central convertables. | to
IA; Rochester & Pittsburg Income 4 to 60.
State securities ateady.
The stock market opened firm this morn.
ing, but in the first fifteen minutes busl.
ness decline of Ia TO 34 per
cent. took place. The decline
was soon recovered bnt subsequ ,ntly
Louisville & Nashville reacted H. HIS:
Northern Pacific preferred TO IS 3 4; oregon
Transoontinental 20 % 3-S, and -. Paul To
So 5s, ard the general list fell off Is 10 3.S
per cent. After l O'Clock prices again
began to harden, and during the remainder
OF the afternoon the market steadily IN
creased in strength. Daring the last half
hour speculation was bUuyaut, and an ad-
vance OF . to l.2 per cent. was establish
ed. The special features were Union Pacific
and Western VI ion, which sold at 80 and
20 IA respectively. The short interest In
these stocks was very heavy, while the
II ,atlng supply oi the former was smaller
than evar beiore, owing To purchases for
New England account during the late
depression. The Garrett interview on tele.
graph IN alters has no effect on the market
and Western Union was notceably strong
throughout. The rise this afternoon was
reported to be the beginning OF movement
by large holders to squeeze the shorts. 81.
Paul, Missouri Pacific, Lackawana North
west and Oregon & Transcontinental were
all higher on large transactions. Louisyiie
q, nht nj
AZ 7 8 earlier in the day, on rumor that o
large amount of stock, borrowed IN London,
n a arrived there. afterwards advanced 10
40 3 on the report that the London mar.
ket WAS bare of stock. and that only small
amount had arrived. The large short. have
not yet carried and iurther TWIST Is
spoken of. After business hours il became
known TINT dispatches had been received
from the west by prominent railroad
people that a call had been issued for
meeting of the Western Trunk Line asso-
citation for Monday next, AZ Chicago, and
that no disturbance Ia rates was appre
hended. Canadian Pacific advanced To
SO 1 9 su the proposed additional aid by the
Canadian government. and the announce,
Lent that about 40 90 shares had been sold
to London syndicate during the last two
DAYS and was being shipped there. In the
LAST half hours business. Union Pacific rose
2 7-8 per cent, To so; Canadian Pacific, z IL
to SO IL; Northwest, IA to ll9 st: Paul,
1 81 to 80 81; Lnckswsnna. IL to III Is;
Louisville 4 Nashville, IA TO
ls5s; Lake Shore, IS TO
90 ~; Missouri Pacific, 1 is to OIL ~;
New York Central, ia tn lbS-S;
Northern Pacific preferred, tn 40 ID; Ore
ron 4 Transcontinental, l TO % IL; Texas
Il Pacific, So to 20, asd Western Union, i
10 76l4 The market closed buoya at or
near the best prices II the day. As com.
pared With last nights closing prices are LIZ
10 3.s per cent. higher. Harlem sold o.
Ief, Fort Wayne at ls1 l-2, Chicago a Al:
ton at l40. Chicago & Ohio first preferred
rose 8 - "a 1 2; Houston a Texas Central,
sI2toEl2: Minneapolis preferred, to
81 I-2; Oaio & Mississippi. SIS to % IL and
Richmond & Allegheny, l to 5: Richmond
4 West Point declined IL 10 "a l-z. Alton
& Terre Haute brought 40; last previously
reported sales was at ". Transactions,
SIS, coo shares.