The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-10-22
Stocks ana Bond,

New York, o.. 2l.-Goverament
bonds dul, and strong.
The railway Dpni market continues
extremely active,
The feature OF to-1ay'a stock mar
ket has ooeu tho enormous trading IN
Philsielphi4 & reading, atcompeniol
by N aigsacs Of ever per cent
Perhaps never before ia rhe history oil
the Stock exch lnge wore dealings in n
single stock for day ~ large as they
were iu Reading to-day, tho trans
actions footing no GIG 600 shares. Fol
e long tina past the ssles OF is alto cks
from day to day YOU d not average 200
shares, aud frequently 81 was en- lroly
neglected, IL, however, suddenly
sprang into activity lew DAYS
ago aad tho Transactions have bet n
among the largest OF spy
On tho list, during eaon dsv thla week,
out ut no time am0uutius to ~ much
as II 900 shares, ibis morning thu
statement was circulSLed that tho nd
vance was due to an und-rstsndins
that had been reached between Van.
darbUt aud Mr.. Robertson, of the
Pennsylvania railway, whereby tns
stock was To DO protected and the COM
pany was to be ro'organized by saelinp
down tho deb, or $50 coo coo
while tho stock was 10 be-
assessed - per c,nt. No ono was
found who was willing TO vouch for
the truth Of the statement, but 10 was
not dim 'ult to find those vito claimed
TO have inside Information, aud who
were willing 10 state, confidentially,
that they believed the story,
Stock opened up at 2llS 70 22it and,
with exchanges OF enormous blocks,
advanced quickly tn -. rnere was y
more gradual decline to 23si
after which II romaiued stesdy
at between 81 and %. until afternoon
whom IL yielded 70 23sss, aud thop, wifb
numerous reactions, advanced to 25iI
closing a lower, with q nnt gain OF w
per cent. The other onal stocks sho%
fractional changes. Tna remainder OF
the list was eXtrs moly Irregular, and
W times fevSrish, but IN tue last hon,
thero WAS n moderate rally, IN which
Lake Shore stock REACHED
the highest prices OF the dny
Comparing prices his evening with
those u q hours ago, tho chsnuas are
unusually irregular, \ ,ma OF the ac
tive stocks showing moderate declines
| while others are from s,mplo fraction,
TO por cont higher. The salos of, Lax,
Shore, st. Paul, Lsckawanna snt
Erie, amounted To 2i2 900 shares, IN ak.
Ing, with Reading, over 60 p,r CO.. %
tho days bu ,inesS Tue story vb,ol
was started yesterday that som,
Kind OF al alliance, or close
working operation was TO DO eflso,et
hetwscn the Southern Pacific ane
Vanderbilt's roads, including IN,
Lake Shore, Clevel snd, Columbus In
diauapolis and Other western connec
tions, was revived Rsain this morning
and was the lever by which Alton
Terre Hauto common wss advance,
from 80 ut the opening aud 37,I Al III,
last previous sa'a To 81, q o.,nv NJ
4, with sales OF 400 shares, The pre
ferrod at the same time advn. ca,
from SO (,t was quoted last eyoninu a
so bid aud 81 asked without any sa,er
t0 Ol, closing Z 90 with sales az IA 90
shares. Cleveland, Columbus, Cupciu
natl Il Indianapolis, which made sucl
decided gain yesterday, opene,
up this morning ~ 81, An,
advanced to %. but close,
at 03a., an advance Of AZ. These mr.
stocks which, It In clai,nsd. win h
nen.fited to u greater extent than an,
othors by the proposed combIn st,oi
Lake Shore Ia up n. New York Gao
trail was heavy all day, closing with
net gain OF y Canadian Pacific mad
. decided advance. selling up Az ne
cent, but closing l,I. The Granger
we're heavy, especially In IN
afternoon, and rallied 4
the close. st. Paul shovr,
loss Of y, Northwes. \. Manitoba, q,
the otper hand, Il up 1 per csni
Omaha common shows ra,n o. ont,
TX, but the preferred il up /. pan n
Malt developed very decii, d strsnus AZ
~ early dealings, bnt clnssd only i
higher than ycsterdsy. The cnmgau,
declared the usual quarterly dividend
81 "a per cont to-day, payable Move a
bsf ~ Oregon N Wig atom WA ver,
g,foe& Tao earnngs u The oomp IN |;
y - = ! i' 1890 S ssss'