The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-02-04
THE BUSINESS BUDGET.
OLD TIMES ON WALL STREET.
Stocks of All Grades Advancing Like =
Squirrel UP Tree, Despite the
Squeezing Efforts of the
Bears-GeneraI Notes.
Tone of the Stock Market.
NEW YORK. Feb. 3.-Government
steady,


NEW YORK. Feb. Governments
steady.
State securities fairly active.
Tho stock market continues to give
evidence OF strength; IN fact, at no time
recently has the general market exhibit
ted more strength than to-day. The
large bears have not been climbing; on
the contrary they have been increasing
their lines as prices advanced, and yet
inc market this evening shows a net
gain for the day of u to % per cent Ne
single stock on the active list closed "a
yesterday. The first prices of the morn
ing were generally small fraction
higher and unusually steady. The
advance for the most active
shares on the list was kept up through
out the forenoon. In the early after
noon the market became duh and
prices declined q fraction for most
stocks, but the upward movements
started again at the beginning
OF the last hour, which was well main
talned until the close of tho board. The
market closed strong aud generally
very close to or at the highest prices of
the day. Lackayanna advanced ~
per cont; st. Paul from 7lss to 1857
again later in the day IA; Lake
Shore went up u at 6l% and
Northwestern x at 00}s; New York Cen
tral was also ~ higher at SsA; Dele
ware ~ Hudson ~ higher AZ ~; Chi
cago, burlington IL Quincy Ia at ll0I /;
Central New Jersey and Illinois Central
per cent. each, the former al 3l2i and
the latter at l24j{, while the other stocks
snow gain of less than per cent. 70
this, Oregon Railway & Navigation was
IN exception, by selling up from On
last evening" to 81 and closiug at the
highest prices reached. 1t is evident
that the feeling of confidence is extend
ing ana 1t Is not believed that the bears
can possibly cover their line
OF shorts without making heavy
losses The investment demand for
good stocks and bonds was large and en-.
couraged by the ease in the money
market. Old and conservative Wall
street operators say the demand cannot
be filed at present prices, Tho feeling
throughout the country is 30 strong
against congressional legislation that
lalth III the power of the bears TO carry
on successful attack upon corporations
IL waning. In the bond market there
were large dealings in Erie seconds.
near transactions aggregating $500, 600,
puL tuS utcllne was checked by official
donlsls OF rumors atloat YESTERDAY, and
2 partial recovery OF prices was estab-
llshed, Early in the day tho bonds sold
al 5Ol+, from which they steadily adj.
vanGed to 533s. There was some trading
IN West Shore tirsts at 3l7sd3j. The
rest of the bond list was quiet and
changes were generally for only small
fractions, but they in most cases were in
favor OF higher prices. Central Pacific
iand grants are up II per cent. to 1919;
Metropolitan Elevated lirsts and Louis
vile y Nashville, New Orleans a. Mo-
pile division 6's each u; Denver & Rio
Grande firsts up * to 3S15, and New
Jersey Central adjustment bonds per
cont, at 1903; Missouri, Kansas n Texas
consols and Kansas Pacific lists are /,
lower, the former at 999I, and the latter
at %. Fort Worth & Denver lsts are
down a, at 6215; Burlington & Quincy
rs, y at 1870, and NeS York, Lacka-
wanna " Western Construction So, Mt
IA, st. Paul and Northwestern issues
traded In were strong, but made gains
OF only small fractions. Northern Pa
chic lists were also strong and advanced
q. Transactions, 262, 900 shares.