Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-05-24
TO-DAY IN WALL STREET.
Decline I'm Prices of Certain Stock
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Decnne I'm Prices of Certain Stocks
Accounted for.
NEW YORK, May 24-Wall street. 10 a. m.-Tbe
decline In the coal stocks yesterday is generally at
tr1buted to sales OF long Stock the holdings OF a
Ior house which suspended some time since. The
ueclne In Chicago, Burlington and Quincy is re-
ported TO be due TO Boston selling for the account
The rumor that Reading would be forced into the
mands OF receiver finally in June is again current
Inc larger bear operators are reported to have
bought In large amount OF Reading to cover short
contracts, being satisfied with their profits
American Securities i'm England.
ksirnan's London financial dispatch says the
market Tor American Securities continues to sag
and at the close showed decline OF from 4 10
per cent from the opening prices The Official an
nouncement OF the default on interest on Erie 2is
and weakness In coal shares and grangers in New
YORK. have been fully cabled here, with the result
e1oc 81 forcing upon the market Quantities Of active
New York are having very baneful effect.
The Stock Market Opened Weak and
Depressed.
NEW YORK, May 2-wau Street. II am-The
snare market opened weak and depressed to-day
Lackawanna declined 2H to e5, New Jersey Central
2 to 49H, Delaware and Hudson to 81, Reading :.
York Central 23S to 1o7 Quincy aH to ios North
west Ia TO 95, Rock Island ~ to ILL., and Missouri
rs paelIe nc e S to az subsequently prices rallied
Inc market at II O'Clock was firm.
Condition of the Banks.
The weekly statement OF the associated banks
Following changesELoans, decrease, s13,461 500;
specie decrease, So 100 legal tenders decrease
s60 depSsss .sas s decrease crcua
The banks are now *, ,6O9,l25 below the legal re-
quirementa
HE strongest Stock Market of the Week.
~ No6N;.The ON stock market during the past hour
mas Deen stronger than for any time during the
past week. Some shares are in fair demand,
especially Pacific Mail, western Union, Union
racine and Kansas and Texas. All the leading
a premium
oraa,ny Rallway bonds irregular Erie new seconds
DROPPED to IS and rallied to 5sH New Jersey Gen.
Run ON the West Side Savings Bank.
There was small run ON the West Side Savings
Dank THIS afternoon, growing out OF the 500 de-
lalcation OF Hnckley, its paying teller. The bank
when the crowd OF depositors flocked in and drew
portion OF their money. The officers OF the bank
promised statement later In the day. one OF the
clerks said that Hlnckley had not been heard OF
yes, an ana IT. that the amount Of the deficit was not
many thousands Expressions Of regret were
heard on every side regarding Mr. Hinckley. and IL
was limited that he was not alone In the business
The Penn Bank Open To-day.
PITTsBURG, PA, May 24-The Penn bank Is
open and doing an active business, with steady
gain In deposits and no rush to secure funds The
stock sold to-day at several points above par
VALUABLE PROPERTY RtJRNED.
Great Fire at the Atlantic Oil Works.
LOSS OF 100000 AND THE FLAMES STILL RAGING
pu, .nv,p1,. NaH THIS os MossdSS. asn g.,
Atlantic on Works, which broke out about 1890
last night, spread during the night, and at $50
this morning two additional alarms were sent 70
the fre department. The names are still sWeeuO ~
ing over the works About dozen storage tanks
have burst, ana considerable burning Oil escaped
the tanks The paraf1ine works. consisting OF sew
eral brick buildings have been destroyed They
were located to the north Of the refinery. 1t is Inn
possible at this time to estimate the exact extent
OF the loss but 1t Is over $500 0O0 The last great
fire at the Atlantic Refining Co. works occurred
five years ago.
Ldter.-Au the Oil property at Point Breeze is
considered In peril Application has been made by
which o. e anc on
property and the Point Breeze gas works, to the
chief Of police to put the tug stokley In service SO
This was done. Mr.. Elkins has also made applica-
tlon 10 Gen. Hartranft commander OF this division
OF the state militia, to send detail OF the Key
stone battery to blow up the tanks OF the Belmont
works, and thus save property and prevent the fire
from spreading to the gas works
FIVE ACRES ABLAzE-EsTINATEp LOSS 100000
At noon IA tanks OF Oil were ablaze, and several
more were In great danger. The flames now spread
over an area OF five acres, and will very likely con-
tinue 70 burn for some days At the same time the
feelcsnhdsRt that kAay cap keep tconned to the oil
new hsfniDg. .TlssMas however, said at O'Clock
tdtiS 1aVflllg, Q1u since tnen several explosions
nave taken place, and change In the wind may
spread the flames to some unexpected quarter. Ii
is now said that the loss via reach 100000
t:oFOrest Fire ON Long Island.
NoRTRPoRT, L l., May 24.AThe woods lying
southeast OF this village caught fire this morning
fren burning brush and the harnes are rapidly ex.
tending Unless rain should soon fall several miles
OF woodland Will be destroyed No danger TO build
lngs or other property Is anticipated as the mme-
diate vicinity OF the woods is but thinly settled
A Fire I'm Toronto.
TORONTO, ONT, May A.-The Matt building one
destroyed by fire this morning. The southern wing
Is almost ruin; the northern wing will probably
be saved. The fire is said to have originated In the
press room.
Other Fires This Morning.
HANCOCK, N. Y, May 24-The Balls Eddy
chemical works, three miles west OF this place
were set on fire by the explosion OF lantern at
O'Clock this morning and burned to the ground
Loss, $4,000.
PLANFIELD, N. j., May M-J. G. Cadmus' livery
stable was burned this morning with thirteen
horses, six buggies, large stage and number of
sleighs. Loss, $4,000
The Iron Manufacturers, Court.
PHIsBURG, PA, May 2.-In the common pleas
court to-day, Judge Stowe granted the iron manu-
tribunal to adjust disputes between employers and
employed In the iron rolling mill trade, conditioned
upon the assent and agreement necessary by the
number employed
Baltimore EOrger Caught.
NEW YORK, May A.-Angus v. Lydecker, alias
Geo. Kline, was ara1gned In court to-day on |
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