New-York tribune., 1885-10-23
CLOSING PRICES or PHILADELPHIA STOCKS
Reported By JOIN H. DAVIS Il Co. II Wdl-s@
TnrRsDAY. Oct. 22-P. ".


Tho nuhIicat,on OF the fact that tho Baltimore and
Ohio Railway yesterday notice that 1t would not
TO any advance I'm passenger rates I'LL u was ac
know lodged as NewYOrk road, and It's percehtage IN
the pool adjusted gave temporary SHOCK 10 the
Stock Exchange markets at the opening this morning
and was productive OF fevcrish and Irregular move
ments during the first hour. But after small decline
I'm figures It was remarked that prices found support
from sources which recently have been the best inter-
ureters Of coming events and was recognized that the
demands the Baltimore and Ohio were more likely 10 DC
met by kindly and compromising spirit than TO DC tne
occasion of undong all tho abors for readJustmchts
during the last two months Lake Shore stock was the
stock which early dealings was most affected ana
it opened of l per cent at slSs and SOFA
at slIs; before noon, however, it sold up
70 s34-tho highest point In this advance
Central and Hudson opened Off s at 1882, sold at lO3
and rallied to lOi. The market generally sympathzed
with the movements OF these two stOcks but Reading
was an exception in that first opened mp q per cent at
o5a before declining to2i It, too rallied to 70 before
midday and the best prices OF the day for nearly the
whole list OF stocks were made just before noon After
that the movements were irregular ana the
fluctuations generally were small TIL IN inc
last hour a general selling movement was developed
which continued to the end left the final gures for the
active stocks from to Dig per cent lower than Iast
evening Reading in the last hour broke from 2oi 10
oolo and closed at 22&. Just before this movement
.
but T. closed at 477s. The transactions III Reading
amounted to l2l 300 shares and IN Central OF New
Jersey 10 G 100 shares In connection with our remarks
last evening concerning the purchase OF Reading Tor
voting PURPOSES attention is directed to the fact that
while fl f. too ato to buy tho stock 10 vote upon 1t s rot
too late TO buy AID transfer It as To Kill the votes oil
Others There is nothing unusual IN the
.aarp decline OF this afternoon and nothing
10 cause ueasincss to holders with fair margins The
market has had large and continuous rise during the
last two weeks and II Is only natural that once In
while the desire to realize profits should exceed the I'M
mediate new demand. When that occurs PRICES must
rcact aud that Is lust what happened to-day 1t may or
may not continue another day but there would be
unusual In It's continuance for the remainder OF
tho week and the market would be In better position
f littlo rest The sa!os for the four days OF thls
week ,6759lI shares to day have averaged 100000
sborcs day We think this is business which exceeds
any preyious consecutive four days In the history
., rho stock Exchange. After such business Ooth
rocrs and ther offices require little time to clean up
p,rr,,y sou. distribution OF stocks and realizing OF
nroat, for reasonable speculative turns, the general
nnation o, the market unchanged, ana the consum
,,,on of the grand scheme OF consolidation and pool
f earnings has not yet reached its point OF tguitOn
spcculativoly speaking however, the days MARKET
closed weak at the lowest figures
Goyernm ent bonds were quiet and firm at unchanged
quotations as follows