New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-20
CLOSING PRICES OF CALIFORNIA STOCKS
SAN ERA Tan
OPENING UNDER A CLOUD.

THURSDAY, Jan. l0-P. NJ.
Twenty-Five railroads now have reported their
gross earnings for the second week in January
Despite last weeks delay in traffic because of I'M
usual storms all through the West, for that rea-
three roads showing losses, the aggregate
earnings of the twenty-five roads are 81, 77S, $780,
against S1,Gl4, 9i4 in tue week of 1854 cain
of 81 G3, 1856 or over per cent, and that on the
large gains made in the week of 1887 on the week
of ! $50.
The stock parict opeaed this morning under
what expected to be very threatening cloud
the scmI-oficial announcements of the disin-
tegration of the " great Reading pool in pub
LEGATION as follows
Well, the great Healing pool has llquldaed. At
O'Clock Yesterday not single share OF stock remained
railroad employees annuunced the pool held about
1000 share, Of stock which it had accumulated from
SO 5-8 TO II Ii. At the time President Corbn issued
his uimaum to the strikers tho situation underwent
chang IN the opinion Of those who had prev ou.ly
operations in the latter part Of October with full
pnrclalng capacity Of 100000 shares. and one half
H. l,i "as never reached In deciding TO liqudac.
suddenly come to favorable Termination, we have
should the strikers remain Idle for a considcrable
length OF time our action will be wise, hence we will
take the Chances"
Philadelphia and Reading stock closed on Fri
day, December 30 sS7, at So "a. On Wednesday,
January a. the stock sold low az 81 IA on
the issue Of President Corbin's ultimatum. and
sold as high as Sc "a on Friday, January II
closed hst evening at 65 IA and to-day ID sold
as low as 63 1-2 on the announcement Of the
liquidation OF the pool" So we are expected
to understand. that naIIOw and contracted as
the market was thought to be- and with stagna-
ton and disappointment its ruling fcaufcs
spool" has in fourteen days successfully mar
keted 1900 shares of Reading from 65a64 IA
a66 3-4a65. If this be true there has existed
an actual market for stocks that few suspected
ret ia aIt ti.ra
which to-day found some acceptance: and which
does not dispute the story of liquidation of
the old pool" 1t has been secret that the
personal ecalping operations of at least two
terfercd with the operations Of its managers, and
it is suggested that large majority Of the od'
pools stock and the personal shorts OF some OF
its members have found resting place in a re-
constructed pool, with some Of the scalping
thorns of the old pool left out.
WHAT WAS DONE IN READING.
Well. the market finally responded to the
Reading liquidation but it did not do it
early and did it finally after supreme efforts to
| occomnlish the matter Naturally the official
announcement of such speculative issue with
ont explanation or drawback, checked any dis
| position there was to enter upon new engage
ments We will wait and see" was the gen.
| eral disposition at the opening OF business.
Reading closed last night at 60 1-sa65 IA: it
! onencd this morning with an appearance OF great
| excitement, but from opening price at so the de-
cIine was only to "a IA before recovery 10 30 !,
| dnlness followed with fluctuations as follows {:
"a IA n GA "a q SO 7-s Ga 1s till after I
o'clock In the last 40 minutes Of business,
on S00 shares-one-fourth of the whole days
trnnsactions-were sold and traded In at GA a
GA IL. Missouri Pacific contributed its usual
complement toward Generalization OF local
traders In n decline from 81 last evening TO "a "a
and Manhattan Elevated contributed its mite by
n further decline from 90 1-2 TO 02. Fort
Worth and Denver, which more fully reflects the
moving power Of the days decline, fell from
40 I . TO 40 IA, which only shows that the trad.
inc market at the time, is in the hands OF small
| men or course. in the face OF such moment
| orv local influences, in so limited market no
| Enforcement need be looked for any where
Even the Pacihcs and Oregons were weak de-
spite final agreement in regard to the Joint lease
~ Oregon Railway and Navigation. Yet under
all the days seeming Generalization there is al
apparent inherent strength We do not say
that no "longn stocks were sold to-day; dc
cline OF 1-2 per cent at any time brings out some
"Iong" trading stock but to-day's market wa
made by free selling OF short stocks ana th'
additional phantom issues with such " longs a.
were sold found buyers to tho extent OF Zto
600 shares at moderate declines. The numDel
OF future buyers from necessity has been In
creased, although prices closed at the lowest.
Government bonds were inactive ana easier
with quotations for the Is and I-2s of l-8 pei
cent Annexed are the closing quotations: