The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-02-01
PRICES STABLE
IN LOCAL
MARKET

Throughout the week prices of local
securities remained tolerably stable,
though the business was the smallest
for a number of weeks. The furry
which set in the market right after he
first of the year has gone, and last
week brokers were busy filing orders
for bonds in both small and large
blocks.
No reason can be given for the sud
den stopness in activity, except that
those who had money to invest after
having receivs2 interest payments in
vested 1t auit :. and that another
spell of hibcrnat has set in.
Operations occurred in a few special
stocks without any influence on the
general market, and there was a lack
of consistency.
The New Jersey Central Railroad
published its December statement
yesterday. and as the road is an I'M
| portant coal carrier its figures are
closely followed. 1t Is the second of
the anthracite roads to publish its re-
port for the first month of the marked
Industrial depression, and its showing
was rather poor. Gross earnings de-
creased nearly 500, 900, while expenses
increased over S16o, 600, making a total
decrease in the net earnings of nearly
$3.50, 900 for the month.
Bank failures in New York had very
little effect upon prices.
Bankers here say that they are UNI
concerned over what may occur to
banks there, as all here are on sub
stantial basis. Those tina failed are
solvent as to assets, but without ready
cash to meet demands. There also
seems to be a Willingness among the
New York Clearing House banks to
see these weaker hes drop out.
There had been extraordinary activ-
ity in bonds for a month, and they
made gains on small transactions, but
now again are dull. The main reason
is that corporations, instead of retir-
ing notes and bonds, are contemplating
refunding operations.
Locally there was a o of $4,000
made for six months at % per cent,
and other loans have also been made,
hut the very best of collateral has to be
put up. Money generally is tight per-
ceptibly.
The volume OF trading In the local mar
ket was confined to a few issues, mainly
the transactions and gas issues. NUM-
clpal bonds were up about l point. Some
Newark Passenger were disposed of at
1041s to 105.
The trading was within a narrow range
and price movements were limited.
Consolidated Traction bonds found Il few
buyers at 102, while North Jersey bonds
were bought for So. Many. White Line
bonds were sought at s. toS67, and some
bonds were sold between those prices.
United Electric bonds are up to 81 to GO,
but there has been a little investment in
them.
The Public Service issues were n little
off from the week before. The notes,
which have been holding strong in the face
of a decline IN all the rest if the list, broke
at last and are now selling at IS, while
the certificates, which were as high as
SO. are now so to 601A.
Bank and insurance stocks remain quiet.
Newark Gas stock was sold for 50. while
South Jersey Gas bonds found buyers
here and there for 100 to 101. Hudson
County Gas bonds and stocks were both
a little off. The bonds sold for 101, while
the stock found a few takers at 921a to 80.
Essex and Hudson was firm around 10 to
liz.
In the miscellaneous list, Celluloid was
the only stock TO speak of, 1t has risen
from its low mark of 100 for the year to
III and even lis.
Following Is the range OF prices aud
eecurfties of the local market, as furnished
by ]. s. Rlppel. 200 Broad street: