The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-02-28
DOWN GOES WHEAT.
ST. LOUIS OPERATORS SQUEEZED
Corn in Sympathy, somewhat-Wabash
Wage-Workers Won't Weaken
Wall Street Flat-Railway
and Labor Topics.
Tone of the stock Market.

New YORK, Feb, H.-Governments
weak and quiet, with the exception Of
registered Az per cents, which are &
per cent. lower, at 1.1lss bid.
State bonds unchanged, except North
Carolina special tax bonds and South
Carolina nonfundable, which are lower
and business quiet. Various disquiet-
ing rumors were IN circulation on the
street by the opening of the stock mar
ket exchange. The stock market was
again weak at the opening, and with
the exception of q moderate re-
action in the forenoon, was
weak Z all day, after the remarkable
strength displayed in the final dealings
in Lackwanna yesterday. The stock
opened this morning N per cent. lower
and in the first 10 minutes declined
another q, making loss of ~, at 1921
The impression rapidly spread thro:Sh
the board that support had been +" I'm I'm
drawn from this stock, but a,teI
touching the price D1inmesa,D0 70"
it rallied in the forenoon I n nUoZ9' q re- 70
NAMED comparatively ste aE until ?;
m, and then perslstentlGJiescnlindiee t t 4n.l
it sold at l0l9, From o emiS pG dni, .net 70
vas final rally to lgGols Snu " u net ="
Of 81, The course of Lacka-
wanna in Web trading amount
ed TO "A. 500 qiares, indicates the gem
oyo1 dritt II the market through
ant the ny. In the early transactions
81 pa, was also pressed for sale and
docli I'd from 1871 to 725s, rallied to 1917
ans later in the afternoon fell to II *,
En- which 1t recovered a. closing at
IL. With decline of Ia Northwest.
ern fell from s696 to 81, and closed at
0iB, a loss of 2}s The total sales of
these three stocks were more than 80
per cent of the days business.
Reports were circulated early in the day
that the Omaha company would pass It's
next dividend, and before the day Was
over, It was stated that the board had
already acted, and that the dividend
had been passed. Later the rumor was
oilicially donied, and the statement
made that a full meeting of tho
company for declaring a diyi-
dend would not be held until
next month. No one was disposed to
take the risk OF foretelling what would
then be done, but the shock was ex-
tremely weak all day, preferred de-
clining from 80 to SO and closing aJ SGsi, =
| loss from Yesterdays closing price of4R;
common is 30. There was active trad
ng in New York central and Lake
Shore and tire latter fell
in the afternoon 10 Gi9I
and closed at 6j4, a decline of 2l white
New York Central is down to %. after
selling AZ 925s, net loss of ~ on small
transactions. Delaware d Hudson is
also down IL at 7Sl5, after selling at rs.
Northern Pacific stock shows loss of
/ IA at III for common aud / at ~ for
| prefer ell. Other declines were
less than per cent.
Louisville IL Nashville was The exrpp.
ton to the general rule, and on active
trading shows an advance of x, at 8ls/,
although 1t sold down to 3075 and 3Ols,
| and as high az 33h Manhattan con.
solidated is up q, at ~ on light deal.
ings. Total sales Of stock to-day, 42G,S7l
shares, an increase over yesterday OF
over $500 shares.