Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-12
NEW YORK STOCK MARKET.
The Excitement In the Coaisrs Intense
The Activity Unprecedented.


The Excitement in the Coaisrs Intense
The Activity Unprecedented.
NEW York. February 1.-THE stock mar
ket of to-day was an exceptional one in
every respect, and In point OF activity and tho
extent OF advances scored was entirely unpre-
cedented. Four different stocks show sales this
evening Of more than 100, 900 shares each. and
Notwithstanding the enormous trading In Read
ing during the last four days, It's total to-day
was over half a million. The gains we're still on
an equally large scale and the extreme nuctua-
ton Of Jersey Central ON comparatively mode
rate business was SO per cent. The stimulus
extended 10 other stocks than the Coaiers. but
only those which are believed TO be favorably
affected by the new deal In coaliug--New Eng
land and New York and Ontario aud Western
The coal stocks In general were bought with
great confidence throughout the day by invest
ors rs well as spectators, and despite tho fact
that the general list was under the ban Of heavy
pressure by both London and the traders, a. well
as the professional bears the concessions were In
most cases insignificant and tho nnal changes
unworthy Of note, The low-priced specialties
were almost entirely neglected through tho
day.
The market opened to-day with great activity
and at materially higher figures In most cases,
Reading being mp ~ per cent, and the crowd
on the floor waiting for the sound OF the gavei
was the largest ever seen In any one stock since
tho foundation OF the Exchange. The excite
ment was intense, and the trading In Reading
| for the flrst quarter hour reached considerably
over 100000 shares. lots Of 10000 shares beng
| exceptionally small at that timo The price rose
steadily, in the face OF heavy oscillations, TO "a.
| ~ which point IL halted and went back,
but in the late trading 04% was touched,
and the stock closed at net gain OF Ss4
| per cent--t.e. at San. Jersey Central was moro
| rapid in its movement. being rushed up from
| $50 TO 13slS and it closed At 1877. With gain
| OF X per cent Delaware and Hudson was raised
more rapidly In the late trading ana closed ~
| Lackawenns, which was especially sluggish In
| the forenoon, was advanced sharply At the same
time. rising from 1877 TO 1853, but 1t closed per
| cent lower, with gain OF only 10 per cont
| New England was very largely traded In, and
rose from 4sss to 569l, closing at o3ll, with
| gain Of a..
THE MOST MARKED FEATURE,
| however, was the sudden extreme activity and
| strength IN Ontario and Western, which was
| one OF the four stocks whose sales reached over
100000 shares. Its price was rssed from ls14
| to 23IS, aud It's nnal gain was rs per cent.
| Erie 1t. Paul. Northern Pacific preferred, snd
| Atchison among the railroad stocks and Chicago
| among the Industrisls were especially active,
| and the lastnamed was specially strong for a
time. crossing so, but failing 20 hold the Inn
proyement. Rock Island was the specially weak
point In the forenoon, but IL July recovered its
| loss later In tho day add closed unchanged
| at OF. The general List was comparatively
! neglected and fiuctuated within narrow limits,
| in marked contrast TO the few leaders, In which
| sales on the bugcs led 10 sharp declines, but
/ were always followed by equally sharp allies
/ The market, on the whole, was sensational
/ one. and the buoyancy OF the close leads TO the
expectation that, with the excitement In the coal
stocks over other sroups Will be- brought forward
| with equally happy results. The close was
| strong and confident az practically the best
| figures, which were made, moreover on an ex-
tremely large volume OF business. The sales OF
listed stocks aggregated 1,437,O00 shares; u
| unlisted. 6,000.
| MONEY AND EXCHANGE.
| Eueaino.-Exchange ouiet and strong at 1861 a
| 4se, Commercial bills. 4S5a4S7I,. Money
| easy at l1a2. closing offered az g Snb-Treasury
| palances-Coin 9 II, 100000; currency. sI3,.
$4,000. Governments dull but steady; 4 per
cents, ll6k.