Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-02-12
$40, gunir,d Thousand shares OF
reading Traded in pnrlug
Halt an Hour.
.., HUNDRED BROKERS ACT LIKE
nANthcs.
ma, Of Tumalt and Excitement that
Appalled, the oldest in
the Street.
.,,n. OF pandcmonium In wall
street.


VrW YonK, Feb. 1.-the stock tx.
.t,seo this morning resolved Itself
.t,,ally into an eS change Tor Road.
,Joeh' over 300, 0ll ahnfes II this
~ Vefe traded Ia during the int
~ hour Of business. IL " doubtful
~ ne stock exchange ever witnessed
s,eb A score a. TOOK place nj the opon.
irsdtuBInCss. This post where dcal-
n IA Reading stock generally cOngrc-
,,l,is the Broad street wing Of tho
irl room, but this morning The
sshly crowd Of brokers, packed
i.s.eiy together, overlooked the limits
iihe stock crowd aud swallowed up
4 iheir numbers half n dozen other
aup., members OF which mud 10 go
,sghcrc " they Wished to trade In
,ecial stocks.
AT the drop Of Chairman Mitcholl's
aytl tubs morning announcing the
epsnlng OF business 200 brokers gatt-
riej In the Reading group and became
he manlars. Such hustling, pull.
nr and excited crowd VI men has
Edom been seen. bensth Of limb
tnd depih OF voice came In In
rool stead this morning. In
tisw minutes % was touched,
The rcenn was plndcmOnium.
Wilder shouting, struggling and
eI.lllug occurred than In time Of u
anc. The excitement did not flag
hi0ugh the day, and brokers who had
t1dufei lhe ordeal were exhausted NJ
he Gloss " business. 10 was u day Of
umut and cXcitemen, that appalled,
uco.i,st men IN the street, Figures
i0ue VIII give some Idea Of the trans.
iiiols. IL must he remembered that
co days 81 Intense excitement ana uC-
tTliy tens Of thousands Of shares nfu
.ught aud sold which aTc never re-
gfirj, 20 ~ to be included la tho on.
al record. In the first two hours af-
id TIE opening II Is ustlinnied iD0, 600
ihips were dealt in. rhrt " q record
uicly made for u Say II has often been
d pcorl Of week. The total re-
ported transaction for tho day amount
$50 Lac, 90 shares.
nWhgt's bid Tor ne hundrod?p cried
itioser, rushing up to the Ruading
crowd this morning.
"Rln away, little boy" answered
Sru,nsf, uicDping his brow, eve are
playing with blue chips only today.D
fhefiock sold at 81! 10 o. on differ
cut slice. In the first lew minutes
Iii;B sivanc,d 10 GO, a Jump Of
ltu yesterdays close, and an nj.
vitet " - Per cent. in n week. In
iAs hrt hour over three hundred nnd
iiy'iour thousand shares OF stock
thanged hands. Trading In income
iolis was iuliy IA large, aud the price
mile even more violent advances than
~ The stock. jersey Central ana New
England each advanced S per cent.
The bears covered their shorts In
toalen at the highest figures, and
Their iofses are such that failures are
genenliy expected.
contrary ~ general expectations not
ahilnfe was announced and with the
hllof the hammer Of the chairman at
spelock the biggest day In the history
q Tho exchange came % an end. The
confusion and excitement were lust
l'gftnt ~ o. the oppning. No onc
foking vi that mRidened, excited
ImWd Of mon, shrieklng at the ton Of.
.he,f voices, would hsvo supposed
Itm N DC business men capable OF
esaling Ia sl5,OOO,OOO worth u prom.
Wy IN thirty minutes, but such was
ss case, AMI moreover. the value OF
Ataulng Stock alone enhanced 81, bO0,-
~by the very actions Of that excited
Loo IL would be useless 10 figure on
Wemonoy made and lost today.
4he transactions were not enormous
70 TIE aggregate but all individual
Vaut9 were on large scale. Wodnes.
gay, December 10. 1855, the total re-
lo'sed sales was ,07i,O0 shares. This
vas ~ 10 today, the greatest on record.
~ singular coincidence the most
ss'nsrlolous stocks on that day were
reading and Now England, which
Esfr today tho great features Of specu.
,Auon' Telegraph operators employed
he exchange 10 send out quotations
hal 10 10 relieved every half hour
,tlos 70 the TREMENDOUS strain upon
iurm. tins directors oi the Reading,
LsAish Valley aud Jersey Central 10.
gay 'alhed tho contract for the new