National Republican., 1888-02-07
THE MARKET MUCH STRONGER.
Prices Fractionaiiy Higher Than Last
WeeLis Closing.

NEW YORK, Feb. G.-Thc stock market,
which, though dull, displayed undoubtcd
strength to-d4y, and that In the face Of un-
favorable advices from several sources, and
prices are left fraotionally higher In most
cases. The news OF the morning was calcu-
lated to have a very depressing effect upon
values and the reports from the other side of
the water caused free selling by European % can
market, and more general commission orders
than have been placed on any day during the
past six months. The extraordinary demand
for stocks in the loan crowd, and the liberal
borrowing, indicated very heavy short in
teTest in all the active stocks and purchasing
for both sides of the account kept the market
slowly moving upward. The later advices
from Europe also had reassuring effect upon
the foreigners, and they in turn became
buyers, while the unfavorable aspects of the
northwest, whose very ferceness indicates that
1t will be of short duration and little effect, was
made upon the stocks most interested.
Prices az the opening g were d9%n from
souri, Pacific and Northwestern, the entire list
quickly rallied, but after advancing small
fractions became dull and listless. Western
Union assumed the lead toward noon, and
further gains were recorded. In the afternoon
marked weakness was developed In Union
Pacific, the traders selling u down until stop
and forced 1t down over per cent. When the
pressure was removed, however, II reacted,
and It's final change Is insignificant. A firm
tone marked the dealings for the entire day,
and the Close was dull, but firm at about the
best prices reached.
Money on call has been easy, ranging from
70 4, last loan at 3 and closing at 2 to 9;
business at 1891 to is2% for GOday bills, and
4s5i to 4S5% for demand. Posted rates siSiH to
4s6B. Government bonds have been dull and
steady State bonds neglected.
Treasury balances-Coin. slG?.lSS,63j; cur
rency, sli,272,ljl.
The following were the closing bid quota
Is. coup. i26,l; ~, 1919; Psc. 5s OF 'es. 100
La, Cons. 9O,}i Mo. Is Of 'sS, 1907; N. @. Con.
Co. H.; do, 4ss, oi1s' Tennessee new; new;
Va. S' Ss' IS; SO' do. To- ex. x nat. nat C; coupo2, Hi
40: Cen. Pac. frsls, ll3; Denver and RIO
SpanGs ar Dc Fss s M H. and H. gen S. So
seconds 1855. Northwestern cons. llOIa; do.
deoenture l0slls; 81, L and San Fran, IA; s.
Paul con- l25}] St, T G., and Pac;, lst, rs
lOi; Adams Expiess, iiO; Alton aud I. d.
81 do ,ssid's Is An ESpsSesS iSI BSs Al,
Ches. and Ohio, ~: Chicago and Alton, 1875
land and Col, 52; Con. Coal, 22i Del, and
| 9ll4; Erie 27;- do. pfd.. 6l3I; Fort Wayne, l52
Harlem, 2l5, Hous u Tex, %: III. Cent 100 (
Kansas \ Texas, 1914; l.. e. y W, l5is
Lake Shore, el5-; Lyl. and Nash, 5gi /,
Man. ~ Con-, ~ :; NJ. and Char, 535
N. & L., 1895; Mich. Cen, oa& Mo. Pac.
n. Chat. IS; N. J. Cen, 777s Norfolk ana
Western ptd., 49, Northern Pac., 81 /; do pfd.
~; Northwestern, l0774; do, pid., IA; n
pfd., 20; Ohio and Miss, 23ls; do. pfd., SO
Oregon Nay. .9jl$; Pac. Mail, SJIs; Pitts
burg. l55l; Reading, 65l4; Rich. and Allie, 8
81. Louis and San. Fran, So; do pfd.
7ll2 do. first pfd., liz; st. Paul, %; do. pid
lllS; st., P. and O.. 81, !; do. pfd., 1867: Tenn
S. T .. SIX, IL % wss, Psc., az DO % psd., ss 81
Wells Fargo, l2S; West. Union, 7Sls: Silver
Certificates. 9'js; Cotton Oil Trust, 3ljs; Quick
silver. lolI do. pid.. 81.
sAsked.