New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-02-05
CLOSING PRICES OF PafLADELPHrA STOCKS
THURSDAY, Feb. 4-P. NJ.

THURSDAY, Feb 4-P. N.
Todays stock market furnished additional evidence Of
growing confidence in the nercia and financial
uaton The traders not buyers Of stocks be-
they expecting reaction, and yet prices do
advance, with fair aggregate OF transactions. despite
the bearisl proclivities OF majority Of professional
spectators. Till after midday the market buoyans
without excitement, although sales for realization Of
profits and large. Late in tho day there
a smaller demand for stocks and prices
sagged OFF sufficiently to encourage an attack upon
values, and tho last hour they were hammered
down from to per cent, but the decline brought In
fresh buyers ana partial recovery followed The do
cline aided by the discovery that the transfer books
Of the Delaware Lacka wanna and Western Company
had closed yesterday for the annual election February
%. alleged and generally believed without
notice advertisement. At the companys Office II is
stated that notice Of the closing Of the books sent to
the Stock Exchange January 49, and that 1t adj
verlsed in The Bulletin and Commercial Advertiser
There is In the reports about the proposed
ization Of the Reading Railroad and Coal aud Iron
panies upon basis OF harmony than appears on tho
surface. Probably some of the schemes which have
been published are little more tlan the imaglnsons
OF the writer's but that there probability that mat
have approached crisis where the property may
be adjusted to basis Of actual earning capacity rather
than that OF eyerncressng debt aud therefore no
longer b threatened danger to the stability Of all other
properties engaged in the business, there is little
reason to doubt. Now Reading Railroad promises to
follow line marked by the West Shore Railroad
organization. Under all other schemes proposed, every
one Of which contemplated increase OF Reading debt
Reading stock always "bDomed" because the PROPOSE
ton was to give 1t lease Of life; but with all tho
talk OF the last few days Reading stock
has remained dormant at nominal figures Tho
movers in the present proposed plans have
no use for Reading stock its junior bonds 10 Is too
early say that the scheme will DO carried out, but IL 10
that lately have not failed Of complete success.
Readings necessities reduced to point where 1t can
receive transport coal for profit Instead of for tho
solo purpose OF getting hand all the ready cash
gotiable bills receivable possible will prove boon
TO the other coal companies and he OF benefit the
eral transportation problem Nothing much Injuries
trade of solvent dry-gOols merchant as the bank-
rupt stock or neighbour The stock market, how
ever Is some hat unsettled by the rapid advances In
Delaware Lsckawauua aud Western fear exists that
sudden decline OF at In that stock would hurt
the general market To-day after rising from 1879 10
1871 IL easily went back 10 l25Lo. and IL might well
have gone to l25. That s after such rapid advance
from 1874 last Saturday eyening-a decline OF per
cent speculative reaizIti0ns should not occasion
any surprise aud IL is Questionable If further decline
OF the lo cent would have affected the general mar
ket did the pig cent which IL did 90 downs
after all 1t closed l20l2-2ls per cent higher thau
last evening. Canada Southern and Central OF NewJer-
sey were of % per The other la changes were
about evenly divided between gains aud losses within
range of per The market osed somewhat fever
ish but IN good form.
Government bonds were strong with the special
feature the demand for the As the bds for which were
an l. per cent higher Annexed the closing quota
tons: