New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-13
CLOSING PRICES or BOSrOy STOCKS
ROsTJN. Mav IL, 1857.
TUESDAY. May l2-P. VI.

TUESDAY, May l2-P NJ
A COPY OF the Central and Hudson River Rail-
road Company's balance sheet OF March 81,
1ss5 as presented 10 tho State Commission
crs which now is before US, suggests a doubt OF
the accuracy OF the net floating debt Of the company as
published In last Sundays TRIBUNE and which was COM
piled from the copy OF the balance sheet furnished by
the company for publication. The balance sheet fur
pIshed on the COMMISSIONER forms moren detail and
the item among the assets the statement from which
we made the compilation" Due from agents and others
- 022 the report TO tho Commissioners Is de-
tailed follows:
pue by agents OF this Company account OF $4,000.
Due by others ioi agents this company
Due by companies and individuals open 1900
oiher than rdDtc- lO932lB
In our compilation OF the floating debt credited
the whole sum OF 922 0lG cash offset against the
gross amount OF the floating debt which left the net
floating debt at 81 OO5 2GO The subdivision OF the item
as made in the report to the Commissioners, however
raises the doubt that part given "a due by companies
etc, other MO, GaDe, S1,O03,2IG," Is quick cash
property may he SET against snch liabilities "a
dues for supplies payrolls, interest and dividends. To
whatever extent that Item lacks the quality OF conyer
bity into cash within reasonable me the net floating
debt is larger than the sum We made It.
To-day's stock market calls for little In
way OF comment. There was n general
inclination toward lower values but manipua-
ton large part OF the operations that its varying
alterations between strength aud weakness not
sure indications OF the ultimate drift. One fact how
ever OF some significance the power OF manipulation
have passed from the hands OF the bulls" who
have held 1t for three months 10 the bears
and there encouragement In the fact that
10 be as cumsily done 1t before. Probably
IL both sides could simultaneously TO the conclu
sion that the market Is greater than IN power
of either or both to manipulate IL,
the profits on side would greater
and the losses on the other side would be less and
there would be an earlier revival Of legitimate specula
ton To gladden. the hearts and I'LL the pockets OF impov
erished brokers OF the stock Exchange The business
OF the day 265 g67 shares $500 shares greater
than Yesterday but the backing and filling In ge stocks
furnished 1874 shares OF the total Those five stocks
show 1ual changes follows; Declinss-Central and
Hudson IS 800 shares. lSa st. Paul IA 500 sharesl
u Delaware, Lackawanna and Western $4,000 sharesl,
Ia; and Northwestern $4,000 sharcs), "a
per cent Advance-Lake Shore GA, 100 sharesl, 4
per cent Outside of the active stocks Delaware and
lass OF "A per cent and Michigan Central OF li2 az
4sio Oregon and fr9uscontnental specially strong
because as alleged, IL Is 10 DO benefited by the long
promised and the 0ngdclayed leasing OF the oregon
Railway and Navigation TO one or two companies upon
guarantee 90 OF certain SUN per an1uin Union RACINE
was dull hut firmly held at about 30 and the SAFES
OF Western Union amounted only 10 1886 shares result
ing I'm "A decline of y per cent The market closcd III
a stupOr produced by an overdose OF manipulation -
Stale bonds dull Louisiana consols SOFA AZ 90,
--h phcdc Island Is at 1913. All unusual amount ~
business was dOuo In city bank stocks including NOrtn
American @ At 100, Commerce u3) 1t laoSio2' Me's@