New-York tribune., 1885-03-25
CLOSING PRICES OF PHIL4 DELPHTA sTOORS
Reported by JoHs II. DAVIS o., IL Waist

TUESDAY, March 2i-F. NJ.
The stock speculation to-day developed a feyerlsh and
unsettled temper. A hopeful view Of the meaning OF
the result OF yesterdays meeting OF trunk line presi-
dents. on the part Of n few and the doubts on the
part Of the majority OF operators had the effect OF stimu
ating prices for stocks generally In the early dealings,
and I'm the lead were Central and Hudson and Lake
Shore stocks each with advances in the rst hour OF S
and "a per respectively but the stocks that wero
specially strong yesterday-the Pacihcs and
Pacific Mail-were the weak OF the
morning The general list, however sympathzed
with the trunk line shares S TO 0ils,
st. Paul rose % TO 7Oas- Delaware, Laokawanna and
Western lbs 20 l0I and Western Union rose d to
57la All this occurred before II O'clock After that
hour thero was decided change in the whole situation,
caused simply by free supply OF stocks. and the
grangers and coal stocks steadily declined without re-
spectabe nuctuation 70 the close. Central OF New
Jersey was weak the opening and sold from 3i7s
down TO 81 2 and reacted the closing OF trading
shorts at 326s The complications likely 10 follow
the annument OF the lease to tho Reading Company null
tply the conditions more per
fecty comprehended. On March 81, 1877, the Iehigh
Coal and Navigation Company executed a lease Of its
Lehch and susquehanna Railroad to the Central Of New
Jersey Company. The lease was always profitable to
the Central and paid II each year and above er'
penses and rentals from 100000 in bad times to
$,100O0O In good times. When the Central leased
to the Reading trpartite agreement made. under
Navigation Company, the Central of Yew-Jcrsey and
the Reading by which the terms OF the OF 1871
amended and the lease virtually was transfer
red TO the Reading Company, The question
now with all parties interested Is. What Will bo
the status OF the Lehigh and Susquehanna
Railroads. Pennsylvania eOrporation-when the lease
OF the Central Of Hew-Jersey TO the Reading IA
abrogated win revert TO the Central under the lease
OF 1871 Will II remain in Readings hands under the
agreement OF 1883 I That Reading will endeavor 10
hold IL there hardly be doubt. because 1t Is
profitable lease and Reading In possession OF properly
w the of Pennsylvania while the Central s New.
Jertey corporation There were rumors to-day that
Reading will apply for Injunction restraining the re-
ceiver from taking possession OF the Central but that s
impossible The Central has never been discharged
from the control OF the Jersey courts. ....
Delaware, Iackawanna and Western after
its early advance settled back to 1O2SalO2&.
Northwestern declined from 94is to 92A9027s, St.
Paul from 7O7s TO 6s1sQGSa Central aud Hudson from
0Oss TO s9ss Lake Shore from 68s to 82i9a62@ and
Western Union from 57ia to b6&9567e Pacific Mai!
shows decline OF 2s per cent and Union Pacific OF
lis per Consolidated Gas rose per cent to so$
The days transactions amounted to shares OF
which i've stocks that recorded 10000 shares ana up
ward contributed 10000 shares. Tho whole market
closed weak.
oyernment bonds dull las usual but tho tone
OF the market strong and bids for coupon 4ss We're
advanced ie per cent Annexed are tho closng quota
ti0nst