The Saint Paul globe., 1897-05-21
ANOTHER SENSATIONAL DECLdNE
of THREE POINTS IN NEW
JERSEY CENTRAL.
CUBAN CRISIS sLIGHTED.
IT'S EFFECT ON THE GENERAL
STOCK MARKET NOT VERY
IMPORTANT.
SLIGHT MET LOSSES WE'RE SCORED.
Recuperative Powers in Evidence,
Especially In the Changers and
the Other Railway Shares.

NEW YORK, May 2O.-New Jersey Central
ensrossed the largest share of attention on
the stock exchange today and registered an
other sensational decline in a long progress
downwards. On Jan. 10 Of this year this
stock sold at 1881, and on March 1 at 81.
Today the stock was sold in large quantities
at 69A, and the extreme decline for the day
was 33s, and in two days 1t has fallen 57s.
The trading In this stock was at times very
animated. but a large portion Of the sales
were made in small lots, many successive
sales of 100 share lots being recorded. with a
decline Of " or even n ON each sale. This
caused credence to be given to all allegations
of inside liquidation, which served to help on
the decline. For several hours support
seemed forthcoming for the stock at various
stages, but the effect was abandoned after
short intervals. and 1t fucruated irregularly
for the rest of the day, and down to 69A, clos
ing at 70. The sales for the day numbered
36,7O0.
The depression Of such q weight on the
market affected the whole list. the other
coalers naturally showing the greatest SYM
pathy being subject to some OF the same
conditions that have impaired New Jersey
Centrars finances. They closed slightly
above the lowest, the extreme declines being
Lackawanna and Delaware & Hudson, 2h
each. and Susquehanna preferred, 1B per
cent.
The general list, from the opening Of the
market, showed the effect Of the more serious
phase assumed by the Cuban question at
Washington. Americans were depressed in
London. and this was said to be due in part
to early sales there On New York orders
New York opened down to about the Lon
don parity. But there were not lacking evil
dences of recuperative powers in the market
during the day, especially in the grangers
and the railways generally the possible de-
velopments in the Cuban question being
viewed with comparative equanimity. The
market was also relieved of yesterdays heavy
weight of Chicago Gas sales, the price of
that stock rallying to a small extent on the
decision of the Illinois legislature to recon
slider it's adverse vote on the consolidation
bill New Jersey Central and Chicago Gas
total of 10000 shares sold. With the sales
Of Burlington, st. Paul and Delaware & Hud-
son added to these. there were two-thirds Of
all the sales. Losses of point occurred in
Leather preferred, the former on decreased
earnings shown by the April statement and
the latter on the unfayorable trade outlook.
In the late dealings, Metropolitan Traction
scored a gain of "a on judicial decision fa-
vorable to the companys right to change the
motive power On certain Of its lines, and
affirming that the city's right to take over
the tracks at certain named sum had lapsed
narrowly, and closed with slight changes.
Louisville & Nashville lost rs, the widest
fluctuation in the railway list, but recovered
X. Slight losses were general throughout
the list.
Railway bonds were held during the greater
part of the day, and some marked gains oc
CURED, despite extreme heavlness of the
stock market. Towards the close, however
a generally easier tone developed, and values
of some of the prominent mortgages were
lowered a fraction. Lehigh & Wilkesbarre 5s
were exceptionally depressed. AZ to 751a. The
aggregate sales were $780,, 900. Government
bonds were dull but steady throughout The
sales were $1,000.
The total sales OF stocks today were 151, ,so1
shares. including: Sugar. $500; Burlington,
L. 100; Chicago Gas, 30, 800; Delaware & Hud-
son. $500; Louisville & Nashville, $500; Man
haitian, 1920; st. Paul, 1880; Tennessee
Coal & Iron, $500; New Jersey Central 35,-
900.
The following were the fluctuations of the
leading railway and Industrial shares fur
nished by c. H. F. Smith & Co., members Of
the New York stock exchange and Chicago
board Of trade: