The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-03-28
WALL STREET.
SYMPATHY WITH WAR RumoRs.
Buyiag on Reports OF War and Selling ON
Moro Pacific News-Many Values
inpalred-The Weeks Fail
ures--No Improvement
TONG of tho Stock Market.


NEW York, March Governments
quiet ndunchangod, except an advance
OF Is per cent. in coupon Us.
Railways quiet; prices generally
State securities duh and about steady.
Tho stock market was very sensi-
tive TO European war nows all
day, the disposition being TO buy
on reports sthat further complications
between England and Russia were
probable, and to sell ON more pacific
statements in regard to the trouble be-
tween those two countries. The fact
that spectators have faith in an ad-
vance in prices In case war should be
declared, Is shown by the number of
kilograms received the past two days by
leading commission firms, ordering
purchases Of stocks on an
open declaration of war, At
the same time conservative
operators, including some of the lead
Ing financial mon of tho city, do not
hesitate TO express the opinion that the
first effect Of European war would be-
70 depress the prices Of nearly all secur-
tiles dealt In on the Stock exchange,
and they cite the experience of this
country following tho Franco Prussian
war as evidence of the correctness of
their theory. Thor9 w0ro also some local
circumstances which tended to influence
the course Of special stocks,
including declarations of d.
Yidend of per cent. for the cur
rent quarter by the directors Of tho
Lackawanna company, which was fol-
lowed by decided advance in the
prices OF that stock, although Il was
generally understood that there would
be no change in the amount of dividend
to be declared. The Lake Shore
directors to-day, for the second
time, passed the quarterly dividend
and, although it was also worry gener-
ally, stated, prior to tho meeting, that
no dividend would be- declared, the ac-
ton OF the directors had a very depress.
ing effect on the action of that stock.
The last dividend was passed. Noyein-
Der !, 1854, and was ~ per cent. Tho
Michigan Central directors also
passed tho dividend, but it
mas boon so long since
tho company paid anything 10 its stock
holders, thGt this action had no effect in
tho price OF the stock. In fact there
WHs not sale of tho stock to-day on
the stock exchange. The market at thu
opening was somewhat Irregular. Early
dealings, however, developed eonsii-
cradle strength which was quickly fol.
lowed by lower prices and in mpiority
or cases the lowest quotations
OF the day were made before noon.
! Stimulated by tho nows from abroad,
the market began 10 advance about
midday, and, although irregular aud
ieyorish, many o, re stocks made de.
oided gains during tho afternoon, and
nnAl salos ara IN most cases very near
the highest prices reached. Leading
commission houses cOutinuo to COMPLAIN
o, Tho dd!l condition Of the marNet.
Northwestern opened at0lH, sold down
10 9i,4, aud in the general rally again
touched a., st which il closed,
"a loss OF u per cent II has been ru.
i"oIod that additional h0ads were To- b,
/ issued by the Northwestern company 1T
an carly date. Inquiry 40 the COM
pany's ohloo ELECTED the statement chat
tho Northwestern company has 10 m-
Jontlon to issue any moro bonds, but
new bonds will probably bo issued soon
on some OF the extensions, built recently,
Including, particularly, the exteusi6u
/ to the Black Hills. REPRESENTATIVES, oi
Pacific Mail say there is no truth in the
statement that tho matter of a settle
ment of the subsidy has been left by
agreement 10 President Houston, of the
Pacific Mail, and to Vice President
llnntinton, of the Central Pacific,
transactions, al, 900 shares.