New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-03-04
CLOsIy0 PRICES o. P4lLtDFLPTIl STJ0fS
- . -
WEDNESDAY, March 3-P. VI.


Measured by the number of transactions recorded
the stock tape to-days stock market active The
reported sales amounted 5lS3OO shares but II from
that amount be deducted the results of the matched
orders Of less than half dozen operators the total
probably would not reach one-hhf OF the amount re-
corded. than two weeks the stock market mas
been depressed by the publication OF good deal that
was true and good deal moro that was false There
has not been presented single favorable feat
ure in all that time, and some events
which have occurred and really were OF
a favorable character have been distorted into strong
bear arguments The great card In the hands OF the
manipuators however, has been the Reading rcorGan
zation syndicate Until the syndicate is ready to
nounce It's plans and its Intentions. has been and Will
be easy to formulate stories pro and con TO influence the
immediate speculation. That has en- done during the
last two weeks to which is unprecedented IN
the OF stock speculation Tho efforts made to de-
press prices met little because all the ee-
ments of natural conditions were opposed to the move
Inent suddenly yesterday there was change In the
whole programme. We do not fear coniradic-
ton from any quarter when we assert that
yesterdays and todays extreme upward movements
were made by the same parties Who for two weeks nave
employed all the machinery their command including
part OF the press lower prices for securities
Right here we that the syndicate has not
surrendered 1t had nothing surrender II proposes,
with the Of the major interest In the Reading
properties reOrganzc IL upon basis OF permanent
sovcncy If that interest will not Join In The movement
nothing but time thought has been lost The mar
ket has wanted 20 mp during all the period Of the eN
traordnary efforts dcpre-s it, but it does not want TO
20 IN ike q sky.rocket. The "hcai" clique
movements after - o'clock yesterday ami t.is
morning aftor the pyrotcchnlc order ana
therefore cannot be regarded healthfuL Delaware,
Icka wanna and Western to-day sold up To 1871 IN the
early dealings against l2J7- yesterday morning; II
closed at l32, against i3l la-t evening Phildd"lphLi
and Reading during to-day early hours was only mod
eratcly firm around -. hut Ia m" AZ
tcruoOn suddenly spuTtcd to 2''4 d-9"s
These two stocks contributed nearly ono
the days total number OF shares sold lilo Whul"
market bOOmn- IN lhr morning, but AT the END the
final changes principally small Lake shore cstap-
ushcd a final gain al q per cent Western Union Mjr
cxcenlIopallv weak and closed of III on reports that
me dividend TO declared week VIII he only per
cent the dividend 1000 shares Wa publicly OneToa
al that rate II the present m"uipnlatpr@ would ouy
lei the market alone for forty EIGHT hours II pIouiny
would develop some decisive inclination, INT Inc
.'threecard monte game" bcng played Is ruinons
10 all legitimate business. and the market closed M
scttIcd with operators all at AS to what the next
phenomenon presented VIII be.
Government bonds duil but firm with some irrcg-
ulary the bids FOR the currency is District q" ="
unbia 10 bid. The closing quotation are ~
follows