New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-03-01
MEpNEsDAY. Feb. PSF. NJ.

WEDNESDAY, Feb. 2S-P NJ
Perhaps the most noticeable feature of the
stock market to-day the sharp rise which occurred
in the prices OF Delaware and Hudson and Delaware
Lackswanna and Western stocks The apparent and
alleged cause for the the fact that the
prices realized for coal az the two auction sales Of the
DAY showed an advance the prices of the January
sales averaging about 10 per ton We scarcely
justice to the expressed feelings Of coal dealers saying
this result to them a great surprise, because
their knowledge Of tie general present condition
OF the trade and of the quantity in sight
had prepared them to materially lower prices The
public also likely to be equally surprised when II
Knows that large pOrtiOnestmated at from 90 ~ 66
per eentof the coal sold at the January sale yet
mains at the companies depots unclaimed by the pur-
chsers. Under these circums surprising
there should exist numerous theories to account for
unexpected result. among which the effect
that the stock "bus had become dealers in coal the
extent OF &c. 900 to so 600 tons
The opening dealings in The coal stocks gave indica
tons of what aferwa ard occurred. Delaware, LackI-
wanna and Western declining from 62 TO 61ai and Del
aware and Hudson from Asa A. but with the recop
ton OF the first report OF the prices realized by Penn
syvana Company prices began rapidly 10 advance and
did not stop til the former sold 81 and the latter at
Doll after which the fluctuations Of l2 per cent
frequent. with final sales at 63i2 and 10 respec-
lively. The general market opened Grm with
first prices generally the lowest of the day
Lake Shore sold at 49d5Ols 19le sos 0497s
Michigan Central at 1890 80 I2laG43 G424 ST Esus
at 17isals; preferred at 47asai7A a47i1 a4s9i7l9,
and Northwest preferred at 53lsa54 1894 Central and
Hudson. after opening nj %. quickly broke 10 933s.
rallied 94s dropped $685., and then sold at 9its0
9il2 Rock Island proved exception 10 the general
rule in closing 1913. after having sold at lOl
1924. Ne incidentally learn to-day OF point on this
stock which Yet has been only ntrusted to select
few but which nearly ready for general distribution
10 wit, that watermelon to be cut for the benefit
Of the stockholders, the shape Of distribution o. the
S4,OOOOcO stock yet remaining WITH the company. We
regret TO spoil good story, particularly which on
several previous occasions has performed such valuable
service in helping the clique to market its stock;
but unless we are incorrectly informed the laws
viii not permit the Chicago Rock Island and
Pacific Railroad to issue any Of its capital stock 0r
dividend sell the Tor less than It's par value
II may be this law, preventing the company from rfh-
stock less than and the market whcl VIII nos
permit Of any large sales AT or above par when render
necessary the scheme for rl~in- money bF ilcfc1
ing the ccmpary's debt Western Union was active ana
higher 6Js to 81 and closing az boi ne
calling for comment
Tie sales Of stocks at the Omen Board TO-DAY were9i2
a. N SOC Erie = and 600 Western Union ~ Con;
IgL2 j. N goo Central ard Hudson ~ "l4; 200 Rock
Island 10 lO2 400 Lake Shore 10 1881 100 ono ana
Mississippi Ht III 100 - delaware, L1cc.WaHnd am
Western N G3l-; Zoe Delaware and Hudson AZ i''2;
al To- y and -0O Pacific Mal a. ga; ol2 b. NJ -'oo
LAX. Shore at 20 1913: 200 Michigan Central 80 -
100 ana Mississippi n J's; POO Erie ~ Lsi 100
-. Paul at i 100 IT. Pau preferred az a = w
Delaware ana Hudson At 40 100 Central Of N,HJrrse
at lp7-: 200 Delaware. Lack4wanna and Western nt
635- 1000 Western Union At oGl a66, and 100 Pdci'
/ Mail III -. Tie following table shows ire
RANCE or TIE MARKET At THE STOCK EXCHANGE:
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