The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-02-18
FINANCIAL and COMMERCIAL.
The Stock Market Quiet Prices
Irregular.
GOLD 1o5 rs A 1o5 ga.
Money Easy at 2 1-2 and 8 Per
Cent on Call.
THE BANK STATEMENT.
GOLD 1o5 rs A 1o5 ga.
THE BANK STATEMENT.

SATURDAY Feb. 17-0PM
The intelligence published to-day exclusively in thiA
column that the had been pctitioned for the
appointment OF a receiver IN the case OF the Delaware
and Hudson Canal Company and that order to show
c,use had been Issued fatty and Indignantly
denied this morning BY the officers of tho company
Unfortunately their ignorance mot to put too hus
point upon the noun substantive, the following
despatch was distributed over the wires
New YORK, Feb. l7-l:10F.M
An application made before Judge Donohue by
Edward 7. Brown, attorney. on behalf Of H. H. Ander-
Delaware aud Hudson Canal Company, to have a re.
ceivcr appointed Tho application was MADE on Fri.
day afternoon and granted by Judge Donohue, who
fixed Monday, tho 26tn Of February. for hearing the
arguments on the case The grounds Of the applica-
ton that the expenses oil the leased roads are run
ming the company to waste,
Subsequently the following order from Judge Dono.
hue was read from the rostrum of the Stock Eek,
chanae:-
In he Supreme Court, city and County Of Neu
Managers aud Company OF the Delaware and Hudson
Canal Company.-An order having been made by ma
in the above entitled action the 18th day Of Feb.
ruary inst, requiring the defendants TO show
Monday, tho 26th Of February, 1877, why re.
ceivcr OF properly should be appone aud for
such other aud further by said to show
appears, and 1t appearing that the same was in
tor tne
the plaintiff making opposition, do hereby vacaS
and set aside the said order and every par hSTeEt
NEW YORK. Feb. II, 1871
1t thus appears that the statement prorercd by W
was to the application having been made the
denial of the companys officials to the contrary not
wthstanding.
1t is not evident what compunctions brought about
this sudden change Of base the part OF the petit
toner nor what convincing arguments were brought
to bear 70 induce withdrawal of the suit, but rumor
has It that in point OF the proceedings not
entirely disconnected with tho burning Of midnight
OIL nor disturbance of the judicial ermine which Is
popularity supposed tho bed of justice.
Delaware and Hudson, which had closed at SO las'
evening" opened per cent lower this morning, and
for Of tho day flow about snutecock fashion.
as rumors referred to above, asserted denied
tho prico impetus either upward or downward In the
afternoon being pretty satisfactorily ascertaned that
hcro legal traps In tho way to catch the COM
pany tripping, and that the report to BIO issued
next week would upon the face of 1t. be highly sats-
factory the proc mounted to 90 and closed there.
New Jersey Central was almost entirely shelved TO.
day. Apparently tho last drop OF speculative oppor.
tuuty has been squeezed out of 1t and tho sponge
hung up 10 dry
Transactions In Delaware and Lackawanna were
made 10 considerable extent, but at fluctuations cir.
cumscribed by the smallest of fractions Central and
Hudson fell of from 9S4 to ok and Lake Shore from
52la 10 81 but showed fractional recovery at the
close A decline III pennsylvania Cehtrai 10 4o>s
in the Philadelphia Exchange. which was unexplained,
had a tendency to weaken tho prices Of the trunk
roads in this market
The market closed irrcgularly. Pacific Mail and At.
lantic aud Pacific Telegraph remaining strong, willis
MANY other speculativcs weak and dropping.
Twcnty-third street performed some curious antics
in Lake Shore, attributable, perhaps, 10 last years
bloom being still the rye; but otherwise there was
little of interest to In the proceedings.
THE SALES
Tho transactions at tho Stock Exchange to-day age
rrecatcd $50 o52 shares-New York Central and Hud.
son. O2O; Erie 1850; Lake Shore, 200; Cleveland
and pittsburg 26O Northwestern 1sOO; do preferred,
500; Rock Island, 3,070; Pacific MAIL loo; ST. Paul.
1900; do. preferred, $500; Ohios. 1000; Western
Union, 10, $780, Union Pacific, 500; Delaware Lacka-
wanna and Western New Jersey Central 4,Oool
Michigan Central, 100; Illinois Central, 6oo Della.
ware and Hudson Canal $4,000; Morris and Essex, $50.
OPENING, HIGHEST LOWEST PRICES
The following table shows the opening, highest and
L., IF ~