New-York tribune., 1885-08-13
CLOSING PRICES or BOSTON STOCKS
Boston Aug. IL. 1888.
WEDNESDAY. Aug. 12-P. ".

WEDNESDAY. Aug. 12-P W.
The stock speculation this morning opened tame "ia
the Of the first hour indicated DAY OF o"ncs
ard small fuctuafons but while later occurrences u'u
dsprovc the indications far as duness was eon
cerned they did exhibit wild aud wide fluctuations anu
important advances for the general list At tue open
ing the feature Western Union because iss nrs'
prfcr-69L-was 81 lower than last evenings closing
figure Immediately followed by sales az oo's,
and till after IL o'clock Its price eo'eIee
only q range between 6S4 and 69ss. Aiter IL
o'clock t sold as low as 6sa up to 20. and finally
at 09 or than yesterdays last figure western
Union and Oregon Railway and Navigation which closed
down per cent exceptions to the general rule OF
important advances The grangers were held WIN some
nrmness the early dealings. but upward movement
them stimulated by the Norhwesterns report OF
its earnings first week in August which shows
gain OH 1884 OF $ 600 but the street did not know or
had forgotten that the earnings for the week
OF 1884 showed o decline from 1888 OF
S60,9OO, so that the earnings OF the week
of this year. with 800 miles more
road are 800 less than In the week OF 1888 North
western coscs 1a higher than yesterday and st. faui
q per cent higher. The turning point In the whole
market. however. marked by mysterious move
ment stocks Of the properties which are poh
in receivers hands On these defaults are standing
first liens In the case OF Central Of New-Jersey ana
In the OF Reading upon its Indebtedness close up 10
the first liens The direct Indebtedness of
of the amount that there at the beginning
of the last business boom in 1879; neither has pald
dividends since 1876. except for the two or three
quarters paid ON Central Of NewJersey by the Reading
Immediately following the perfection Of the Lease, ana
the accounts OF the two companies have become so
interviewer complicated that the lfe OF an expert
probably will not solve an elucidae them st was was
something that s going happen to or Win these Two
properties that today influenced market covering y
securities. Central OF Ne"Jersey
opened at 40. sold at 4sla. and then rose 30 10
Sis and closed of 81. Reading opened AT us
an advance OF 20. and rose 10 @o's
and sold AT 2oio Win this unexplained and in.
explicabe any logical basis for contro OF
the properties for other purposes except pure
and simple gamble blue chips for stakes, the tenn
per OF the whole market quickened and better prices
ruled for remainder OF day Even Delaware Lack
and Western from osis to 100 and at sss
closed per cent higher than last evening Ihe rev
shorts that were the general market reasoned thht
IL such stocks Central Of New Jersey ana Reading can
be marked up In such manner, what cannot
be done with those when have some value tOra OASIS
and with accord they covered aud retired Az Times
afternoon the noise OF the shouting IN tne Doar
ROOM signihed the general joy at an advance oI
4 or in the price stock might have boen taken
for that of 6edlam let loose But the market closed
quiet and steady at the figures ,
Government bonds fairly active In the 1A9s anu
the bids is advanced ie per cent Bns lot
the currency weaker. Annexed are the closing
quotations: