Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-11
BOUND UP in READING
is THE ENTIRE STOCK AND RAILROAD
BOND MARKET.

! The Coal Deal the Only Thing Talked
About in Wall Street-A Big Squirt at the
Close in the Leader and Other Coal
Securities.
NEW YORK, Feb. 1O.-In view of the facts In
the ''coal deal" given out to-day, the stock
market was little more than Reading, both
in the stock department and bond list. Ger
tainly the transactions in the Reading stock
and bonds were more than one-half the en-
tire business in both departments Of the
other coal stocks, only Jersey Central made
any response to the imulation, and the
general list was comparatively quiet and
remained feVer1sh and irregular throughout
the entire day. The general tendency was
upward, however, under the influence OF
the immense rise in the Reading securities.
and while the professionals and traders are
still bearish on the general list their efforts
to get prices down were entirely neutralized,
and most stocks show slight gains as the re.
suit of the days operations.
By far the largest portion of the business
was done in the last hour, after the an
nouncement of the true nature of the deal
which has mystified the street for so long.
and Erie at this time became more promi-
nent in the trading, rising fra ctionally The
opening of the market was made on a
moderate volume of business, comparativelv
speaking. with prices generally lower than
those OF last evening, and rumor that St.
Paul contemplated an issue of $40 900 600 new
stock opened that stock off q per cent. The
rest Of the list were irregular within narrow
limits, but marked strength was soon deyeI-
oped in Reading, Lackawanna and Jersey
Central. Industrials followed at distance.
but the changes in quotations were insignifi,
cant. as rule, except in the few stocks men
toned. Prices rose or tell according to the
prevailing temper OF the Coalers, and tb.
general tendency was upward
In the last hour Reading went up with a
rush. but without bringing the general list
with it to any marked extent and Lacks.
Woa aonaciQllu oiSl, t.,
Industrtals and those stocks which have any
connection with the coal trade direct or in
direct, were the only ones displaying any
real strength throughout the day The close
was active and firm, with most of the list at
close to first prices The net gain IN Read
ing was6 6 per cent, though it sold l per cent
tral rose .; Distillers', ~; New England. liz.
and Delaware and Hudson and Chicago GAS
each l per cent, while st. Paul lost " and
c., c., c. & st. L. each per cent.
The total sales of stocks to-day were 772 740
shares, including Atchison, 2O9O0; Chicago
Gas ,35, 10O Chicago and East Illinois pfd 8 557.
Delaware, Lackawanna and Western, %, 960:
Erie, 49, ,255; Louisville and Nashville, "A COO;
Missouri Pacific, l6, ,5o0 New Jersey Central.
S,0O0 New York Central, 3,400; Northern Pa.
cifc, pfd, 1880; Reading, 430,379: Richmond
and Pacific, 8 Cos; Union Pacific, lO,I23; West
ern Union, 4 450.
Railroad bonds were fairly active and firm
without material change of note outside of
railroad issues, but the importance of the
latter in the market may be seen in the fact
that out of a total of s6,67 GOO the five Read
ing bonds contributed 81. 4.406. 900. Their ad-
vances were on strict parity with their
activity, and the 1rsts are up 2ls the sec
onds, 4; the thirds, ~, and the deferred in
comes, 4. There was also some animation in
the Atchison incomes and the Texas Pacf-
fics, the latter being frmer than usual Of
late.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNkY STEPHENSON. Oldest Pittsburg mem
bers OF the New York Stock Exchange 81 Fourth
avenue.