New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-02-03
CLOSING RACES Or BOSrOy STOCKS
BosroN Feb. ., 1885.


To-day's stock market revealed nothing but continu-
nncc ~ the class OF manipulation that marked the
course OF the specusonE the transactions That are
made entitled TO that nOmeuclauTe-iurng the whole
month OF January. Hence when special support was
given there were In figures while the
guarded points developed weakness. Delaware LacAh-
wanna and Western. with s4,llo shares, and ST. Paul
with o. O75 shares contributed considerably more than
one bali the total number OF shares that were traded
In those stock the pivotal ones OF the day.
The fact that the books OF the Delaware, Lackawanna
and Western Company viii close Oh Wednesday for the
annual election furnishes for Its Immediate
apparent strength; the present management probably
desires continue In control Of the property, and while
there Indication of contest, an ounce OF proven
lion may be regarded OF value than pound OF
cure But the latest bull point on the stock Is To the
effect that the company has monopoly Of the anthracite
coal trade north OF the NewYork state line and that II
can obtain its price for coal thoro irrespective OF
tdewater prices. and thus under all Circumstances earn
por cent Its stock Men who are familiar with
the coal trade and with tho distributions
Of all the coal companies and with tho
canal freight rates for coal from Ncw-York AFTER the
opening Of coal navigation, will only smile at the STOCK
operators want OF knowledge. while the owners OF
Reading, the Delaware ana Ilddson and Lehgh Nahey
companies will rejoice that they have equal facilities In
the markets where arbitrary prices may be denl'hueu
and obtained for their surplus Delaware, Lacka-
wanna and Western opened at ssh and declined To $3.50
later with frequent and wide fluctuations sofa up 10
pos AID ended ut 30. Delaware and Hudson AFTER OPEN
ing at 6J3 90 II aud closed at 10 Central OF New
Jersey from 32L to 334 1854 on the
company's, or rather Readings, default on the
interest its first mortgage bonds (t5,oo0OoO). The
coupons the Central of New-Jersey hrst MORTGAGES
are payable AT the cumpanys Office In New 0ih III
lieu Of pas ment and cauceing of the coupons ue 10
day holders may sell their coupons to parties III Ia
JsIpll at their face value. We are informed that
number Of the large holders Of the bonds refuse 10 sur
render the coupons due to-day except To the Jersey ce
tral Company on payment and their cancellation. III
other words they decline To he party To the creating oi
lien upon the property even To the extent OF VI 1ooo
that takes precedence OF that OF the hr.t moTlgaEo
bonds This Is the hrst time that Central o. NoWJetey
has ever deiauted In the payment OF us interest o
il hrst mortgages; 1t paid that i1ter 1a
In 1877 when the stock selling % low as =" inc
necessity OF resurrection In st. Paul seemed 10 DO iuS
appreciated and next To Delaware, laeka"anha anu
Western that stock attracted the greatest aehIlop l
price uctuated between N and T2s ana us eo.hs
tpre-7l os-was Il above the opening price ne othc.
siock- moved upward With the expenditure oi
ton. Western Union moved from 6s% 10 oys,
the closing figure, without calling toSe'.s,
an unusual number OF brokers, and all the
time itsneyas as dun AZ one figure as ~ We
at ant ihc D. seemingly traders ala hot eaaS
whether tho price up or dOwp. well-elTcuIh.eu
early dispatch that the Court OF Claims ut "ashgio
had decided the case OF the Government va the oho
Pacific Company In favor OF the company sent inc pio
of that stock from i04 up to 49i2 later etpato,
al the decree that showed that except on the point W
rates over the bridge at Omaha the decision was ~
favor OF the Government and that the amount lmeu
ately due from the company 10 the Governuent was
81 73e 602 subject to final and accurate nccou'h'