The New York herald., 1877-02-16
Advance in A. and P. Telegraph
and New York Central.
FURTHER DECLINE In JERSEY CENTRAL
Panicky Feeling in All the
Coal Stocks.
GOLD STEADY AT 1O5 5-S.
Money on Call Easy at 8 1-2 and
21-2 Per Cent.
WALL STREET.

WALL STREET,
THURSDAY Feb. 15-6 r. MI
The committee of stockholders appointed invest-
gate the affairs Of the New Jersey Central Railroad
ported This morning, according to appointment, aud
their statement afforded the chief topic OF conversation
In financial circles The guesswork which prof.
tered In lieu Of facts at the last meeting by the officers
of the company has, by the action Of the committee
been reduced to figures that mako a sorry showing
indeed
II would appear that the concern has been running
behindhand for years-that from 1867 to 1877 the
loss the property including the stock dividend for
1856 and the depreciation equipment. has reached
tho OF nearly $40. 0O0 O0o To this be added
the loss on the Lehigh and wilkesbarre stock and
bonds held by the company and the amount OF the
''blanket mortgage loaned to the Wikesbarre
poration, which together be put down for
So 600, 900 more All this time the went
paying dividends to the extent OF $13 0o0 900,
carrying Its head high, chanting It's own praises
until very recent period, property beyond re-
proach for Its intrinsic value and ropiDg in contdng
investors with all the cheek and plauslbty ''cap.
PERI tosa gambling hell 1t has existed veritablo
whited scpulchrc. for It has cnticed by false rcp
resentations tho savings Of widows aud orphans
the trust funds Of and tho gains OF hard handed
abor, and it has buried them eectually of the
nghr of those who confidently put trust the
stability of the company and the declaration of Its
officers Mr.. Brookman, the chairman, was not in
clined to mince matters but handled the whole
without gloves, giving utteranco to some very PLAIN
truths in equally plain language But the description
OF the meeting calls for moro space give
II here, and invite attention the detailed state
ment published IN another column.
The effect Of the report proved preju-
dicial to the market price of the stock,
Acc@.
lions down from IA to 121s before meridian Toward
the close OF the day the BEARS taking warning from
Ihe strength of the rest of tho market made haste
cover, and ran tho price up to l2s4, at which INA,
transactions made.
Although fluctuations frequent and rapid tho
other anthracite fancies acted as though they
capable Of drawing long breath that they were
cut loose from the Jersey Central corpse and showed
1t by decided upward tendency.
Delaware and Hudson improved .hree points upcn the
days business, and Delaware and Lackawanna rather
more than held Its own, having derived their strength
It is alleged from the support Of the Osborn party
who have turned out to be furious bulls-rea pre-
tended The familiar say ing relating to the burned
child and the fire to be pertinent TO this case
but as Jack Buns5y remarks, "The bearings
Of this observation lays In the application
It," large business was also done
In Lake Shore points to buy being plentiful
In paper. That they could prick too, evidenced
by the aacrity with which certain members OF the
Twenty-thrd faction hastened TO cover their
shorts, thus working the stock up from 81 "a to 52AS
from which IL receded at the close to 51,<.
Western Union for the largest transactions
of the day. aggrcgatng nearly 4s,o 900 shares There
not, however, a corresponding activity in fuctua
tions, the price hardly exceeding IN variation the
limits Of per cent Much OF stir was due to the
industry OF Mr. Gouds brokers in the effort to place
seller options against purchasers cash STOCK at
difference Of q per cent This is pretty good proof
that the arcoperator not driven OF his short
lntrenchments during the California attack and that
of the improved condition of the Atlantic and
Pacific competition he is likely hold the fort for
some time to come
The birds of III omen that hovercd about Central and
Hudson yesterday, hootng OF coming
evil, were Inclined TO roost quietly to-day under
covery of ole per cent the price OF the stock AS
for the rest Of the list beyond steady duness there
is nothing remark, that Northwest preferred
which exhibited a meanngless squirt upward day or
two since. subsded again to-day TO the OF two
points, retired from active lie and to its normal
condition and value.
1t would appear that tho revolutionary brokers Of
the Colo Board who attempting the organization o.
a rival stock market have boon "holst with their own
petard, the Governing Committee OF the Stock Ex-
change having obtained lease OF the present Gold
Room, with the intention Of making adjunct to the
old Board.
About three.nfths OF the Gold Board members
belong to the Stock exchange already conscq
those members of the latter institution will be left
out in the cold, with liberty construct tho new en-.
terprise at their leisure.
THE SALES TO-DAY
The transactions OF the Stock Exchaugc to-
day aggregated 145,4jl shares. and were dis
tributcd as foows:--New York Central and
Hudson, 5,157; Erie, 1,023; Lake Shore,
i9 400; Cleveland and Pttsburg 100; North western,
200; do preferred 6,1Oo; Rock Island, 600; Pacific
Mail lilo; st. Paul preferred, 1850; Western
Union, Al, ,725; Wabash, 200; Union Paclnc 1900;
c., c., G. and L.. l5O; Panama, 700; Delaware Lacka.
wanna and Western, 25,l25; New Jersey Central,
i3 o70; Michigan Central l,4O0; Illinois Central $40;
Dclaware and Hudson Canal l5 395 Norris aud Essex,
|, 500
OPENING, HIGHEST LOWEST PRICES.
The following table shows the opening. highest and
lowest prices OF the days
Opening Highest. Lo,cest
New York Central. 9sI4 a9i 9sl4
lsn..