National Republican. (Washington City (D.C.)) 1872-1888, 1886-02-20
THE MARKETS.

An Active Day in Wall Street, Closing
With u Firm Market Current Quota
tons for Money, Grain, and Provi-
sions.
NEW YORK. Feb. l9.--Thc raid on the stock
market was renewed this morning with great
vigor. The opening prices were very irregu-
lar, although majority of stocks were a to q
per cent. lower, while Pacific Mail was down
IA. ono ofthc active issued were unchanged,
and in two or three cases slight advances were
shown. Soon after the opening drive was
made at the whole list, special attention being
given to Pacific Mail, Union Pacific, and Lack.
awanna. 1t looked at one time as III the whole
capital stock of some of tho railroads was
being dumped upon the market in a heap.
The sales of Lackawanna for the first two
hours amounted TO 5000 shares, and the trad
ing in the whole list during the same time
amounted TO rs much as an average days
busiuess-3ll,0O 900 shares. The heaviest decline
In the forenoon was in Lackawanna, which,
after openingat 1907, sold quickly at ISL, aud
then yielded to l275S. Delaware and Hud.
son fell points, Pacific % and i more. Union
Pacific ~, Jersey Central ~, and Western
The trunk line shares, grangers and Eric
were somewhat less active and comparatively
strong, yielding only fractions: The lowest
rule, and after midday considerable ilrmness
was developed, which continued until o'clock.
The stock which suffered only small losses in
the forenoon recovered the early declines, and
in many cases sold at the highest prices of
the day late In the afternoon, while the shares
which were conspicuous for their weakness in
the forenoon gained only part of the losses
then established.
The break in the morning was accompanied
by Hood of rumors, all more or less vague,
but all going TO show that serious trouble nad
been developed IN the Reading reorganization
Scheme, the rumors going so far as to alege
that the syndicate had loaded up with
heavier supply OF stock during the recent ad.
vance than 1t found itself able to carry, and
that consequently 1t had been forced TO sell
part of its holdings.
Another cause for the decline was due to tho
fact that the price of Pacific Mail touched
number of stop orders before 1t reached its
lowest figure, which only increased the sales of
that stock and led to the general demoraliza-
tion. The rumors were of more favorable
character after midday, seven railroads report
Ing earnings for the second week in February
all show gains ranging from small amounts to
over $4,000. These included Canadian Paci-
fe, Omaha Chicago and Alton, Louisville and
Nashville The latter has been reporting heavy
decreases for long time past until to-day. The
total sales were 57l US, an increase over yester
day ofl35 GOO shares, and of this amount Lack
awanna contributed 1l3, 1870. and ST. Paul, Union
Pacific, and Pacific Mail Jointly l93, 800 shares
mentioned. Tho afternoon trading was less
active, especially late in the day, and the
market closed generally firm.
Quotations OF Fridays Stock Sales.
The following daily market reports have been
furnished by j. Vance Lewis, broker, lie DrOit
building, Eighth and streets, being the most ac-
tive stocks in the New York EXCHANGE: