The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-02-26
TRADE AND TRAFFIC TOPICS.
THE LACKkWANNA POOL SOLID.
Building Railways in Iexas-wabash
Wage-Workers Worried Wheat
Demoralized-A Few Failures
Electric Lighters, Etc.


Tone OF the STOCK market.
NEW YORK, Feb. 25.-Governments
strong on limited business.
State bonds in good demand and
higher.
There was a slight reaction in the
stock market to-day. Prices again bid
up In the afternoon so that the loss was
recovered, and the final prices OF the
evening in most cases were fractionally
higher than they closed yesterday. The
opinion prevailed this morning that the
little boom in American securities on
the London market, on Monday and
tuesday, was feeling gotten
up for the occasion TO secdre an
advance here and that the boom
was managed from this side. Opening
quotations here to-day were generally
e TO q higher than the closing prices
ef yesterday, and during the first hour
the market was dropping, although a
little more life was shown after IL
| O'Clock. The course of prices still
tended downward, accompanied by q
! slight reaction, until after p. IN. Dur
Ing this time the lowest prices OF the
| day were made, but with one or two ex.
ceptions, the prices to day were less
than x below yesterdays final figures.
The heaviest decline among active
stocks we're in Lake Shore and St.
Paul, each of which lost 4, the
| former at 665s and the latter
at 73l9. New York Central fell off q to
| az, and Northwestern an equal
amount, to 9iA. Missouri Pacific was
prominently weak, and on larger trans
actions than usual declined from 934 to
81, while Northern Pacific aud Louis
vile Nashville were exceptionally
! strong. showing no loss from the clos
ing prices OF yesterday. 1t is believed Il
| pool has been formed in the stock last
mentioned and others. There is a good
| deal OF talk about considerably higher
| figures for it in the near future. The
| course of the general market, however.
! tended 10 confirm tbs private opinion OF
/ this morning, that q reaction must fol-
/ low the recent advance until shortly
! before ., when the whole list became
more active, and before 8 the los -es Of
/ the carly part of the day were all recoy-
cred, with very few exceptions, and
I prices were higher in most eases by n
small fraction, than ut the opening. Ar
I ter the Louisville & Nashville, which
closed at an advance Of ~ to 3D., and
/ Central Pacific, which, ON small deal.
/ lurs, Is 10 IL 10 80, the greatest gains
/ we've made by the two Doiawares. Not
/ outstanding the fact Jhat the Delaware
/ Il Hudson directors to day reduced The
| quarterly dividend 70 ~ per cent. the
stock sold as low as 7gj., rose late fu
the afternoon 10 % again quickly
/ declined TO Si5s, and closed with a net
/ gain OF u At $50. L8ckawauna opeued
unchanged, and sold between % and
/ LO3A until the last hour, when il rose
rapldly 10 lOi4, aud closed at than
/ prco, San advance o. i, with sale. of 80
/ $50 shares. On limited trading Omaha
/ preferred was also up ~, a. 9lH, and
/ Illinois Central gained ! d, at l2ji. aud
/ Kansas ~ Texas, ], at IT,, but the ac-
/ tive list showed an advance of less than
/ por cent., and generally for
small fractions Northwestern was the
/ exception, advancing TO Q5l
and closing AT 9jA, gain Of =. Follow.
/ ing the announcement that the com
pany had declared q small quarterly
/ dividend of per cont. on preferred
| stock, st. Paul was unchanged at 7lst
The Ouly important decline was in Mis-
souri, Pacific, which, although il rallied
/ to %, is still Is lower. All the so.called
| Gould stocks were remarkably dull,
and responded feptly 20 the afternoon
advance. The market closed steady 10
strong. Transactions, 33i 900 shares.