St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-12
TREMENDOUS TRADING
Exceptional Activity, With
Unprecedented Sales, at
New York.
Dealings in Reading Were
Enormous, Owing to the
New Deal.
Coal Stocks in General Very
Freely Bought and Many
81 Advanced.
81
Chicago Markets Nervous,
Although Little Change Is
Recorded.

New YORK, Feb. 1.-THE stock market to
day was an exceptional one in every respect
and in point OF activity and in point of ad-
vances scored was entirely unprecedented.
No less than four different stocks show sales
of more than 100000 shares. and, notwith-
standing the enormous trading in Reading
during the last four days, its total today was
over half million. The gains were still on
an equally large scale, and then extreme
fiuctuation of Jersey Central, on a compar-
atively moderate business was SI2 per cent.
The stimulus extended to other stocks than
the coalers; but only those which are be-
lieved to be favorable were affected by the
new deal, including New England
The coal stocks in general were bought
with great confidence throughout the day by
investors as we'll as spectators, and in
spite OF the fact that the general list
was under the ban of heavyt pressure
Of both London and the traders. the conces-
sions were i'll most cases Insignificant and
the final changes unworthy of note. The
dealings extended to m ore stocks than usual
OF late, owing to the overpowering interest
iii the leading shares But specialties were
entirely neglected throughout the day.
The market opened with great activity and
materially higher figures i'll most cases. and
the crowd on the floor that waited for the
sound of the gavel was the largest ever seen
in the stock room since the founding of the
exchange: The price Of Reading rose stead
lily in the face of the heavy realizations to
"a. at which point 1t halted and
ing GAS was touched, and the stock
closed. with net gain of Sa4 per cent, at
64l5. Jersey Central was more rapid in its
movements. being rushed up from 100 to
1882, and it closed at 1877, with a gain Of
per cent.
Delaware & Hudson was raised more rap
idly IN the late trading and closed at its
highest figures, 1876, with a gain of 5l2
while Lackawanna, which was specially
sluggish i'll the forenoon, was advanced
sharply at the same time. rising from 157 20
163. bnt it closed 9 per cent lower, with a
gain of only 41s per cent. New England was
very largely traded in and rose from 4S5s to
The most marked feature, however, was the
sudden extreme activity and strength in On
tario d Western, which was one Of the four
stocks whose sales reached over 100000
shares. ana Its price was raised from 1914 to
to S3l4, and its final gain was 27s per cent.
Erie. st. Paul, Northern Pacific preferred
Atchison among the railroad stocks and
Chicago Gas among the industrials were
specially active and the last named was
specially strong for time, but failed to hold
The improvement. Rock Island was the
special weak point in the market during the
forenoon but 1t fully recovered its loss later
and closed unchanged at Of.
The general list was comparatively neg
lected and fluctuated within narrow limits,
which sales on the bulges led to sharp de-
ciInes but were always followed by equally
sharp rallies. The close was strong and
confident at practically the best figures
and was made on an extremely large volume
Of business