The New York herald., 1877-02-13
Further Decline in New Jersey Central
and New York Central.
Delaware and Hudson, Lake Shore
and Western Union Lower.
GOVERNMENT SECURITIES STEADY
Railroad Bonds Dull-Money on
Call Easy at 8 1-2 and 2 1-2.
WALL STREET.

WALL STREET. I
MONDAY, Feb. 1916 r. N.
Tho market to-day was as lively as an opera bouOe,
and as ohanaeable In Its features variety show,
plenty of ground and lofty tumbng but positively
lacking anything in tho way Of aerial ascension.
Longfclows imprudent young man with the banner
would found nothing in his limo Of business, and
Sergeant Bates would have been forced to carry his
flag at half For the course OF prices was down.
ward depression overshadowed tho market and bulls
stood as disconsola Mooros Peri al the gate OF
heaven.
And all this is TO laid to the coal stock The pos
sbc reach Of their prices seems to be as botomless
as their own pit their fall irresistible as that OF
Lucifcr
Tho decline OF New Jersey Central to Tx Satur.
day was appalling in view the fact that year
ago II was considered superb investment at par but
to-day was obliged submit to another turn OF the
screws which squeezed IT down to 15% for hna
quotation II appears at least that the drowning com.
pany has given up futlc effort OF catching at the
straws which, in tho shape of 49, OOO 900 loan. have
noatcd nearly within its reach and have accepted the
inevitable fate of bankrupt corporations II has become
an asph yxiucd stiT" and will BIO handed over to tho
inquest OF that financial coroner usually termed re-
ccver Ex-Chancellor Williamson, OF Now Jersey,
will sit on the body, aud the result Of the seance
will appear In good time in the market value OF the
stock.
But the New Jersey Central has not been aonc In fts
dsso ution for the Lchign and wilkesbarre corpora
tlon is reported have departed its financial lie al
most at tho same moment and It's remains pass into
tho keeping Of Messrs L. W. Clark. exChanccllor Will
hanson and Mr. Tillnghast as receivers
Tho abovo information did reach the street until
nearly the close OF business but the apprehension Of
such result was plainly vsbly in the prices made io
Delaware and Hudson and Delaware and Lackawanns
A~et, av,,aAf fhn rn fn fran
52X to 4o without reaction, the decline being helped
by Tree offerings OF investment Stock while the latteI
held its own with considerable rmness under equally
FREQ orders to buy the part of the Osborn party
western Union and Lake Shore, tainted by the infcc
ton which spread from tho pest-strcken coal Stock
angushed and dropped in unison, tho latter being ad
dtonaly affected by tho weight of shares thrown upon
the market by Mr.. Sage the same having been un-
pleasantly acquired by him through the medium OF
"putsn at higher prices. Some 10000 shares are said
havo received by him on Saturday through s7
cmincnty safe process of stock gambling
The attack on Burlington and Quincy, rather family
pressed seems to make but little headway The bears
getting word of the fact that somo $4,000 shares be-
longing to the estate deceased prominent director,
were 70 be offered for sale deemed the opportunity
propitious one to make raid upon the property so
far they have met with indifferent success for one-hah
OF the investment has already been marketed, and
buyers stand ready to take the remainder At ruling
prices
To greater or less degree the prevailing depression
affected tho rest the Market but not to so great an
extent as to call for special mention
THE SALES TO-DAY.
The sales of active to-day aggregated ITS
shares, which distributed as foliows:-New YORK
Central and Hudson, $3.50; Erie 2,2oo Lake Shore,
a. 100: Cleveland ana Pitsbug, 100; Northwestern,
O6o. do preferred 1,S00; Rock Island, 3,430; Pa
c,ac Mail 2,16O; ST. Paul. 800; do. preferred,
2 100: Ohlos 100; Western Union, 4o.620; Union Pa
cinc, $50; c., c. and l. c., 100; Delaware Lackawanna
and western, 39,35O New Jersey Central, 5.s3oi
Michigan Central, 65Oo; Illinois Central, 700; Della
ware and Hudson Canal, II, 434.
OPENING, HIGHEST AND LOWEST PRICES.
| Tho following table shows the opening highest and