Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-02-11
BROKERS STIRRED UP
Unprecedented Activity in Wall
Street Today.
READING STOCK EAGERLY BOUGHT.
Mayor Wyman Of Allegheny City
Convicted Of Extotion.
SERIOUS FIRE IN COLUMBUS.
ing STOCK EAGERLY BOUGHT.
SERIOUS FIRE IN COLUMBUS.
IN WALL STREET TODAY
Reading Leads the ooals. I'm . wnd Al
vance,"

NEw York. Feb. li.-There was no LET IN
this morning in tho activity which has chsrao-
terized the dealings on the stock exchange for
the past two days. Tradingwas on an enormous
scale, and far exceeded that Of Any business
done during the morning hours within the
memory OF some OF the older members OF the
exchange. Sales 20 noon amounted 20 nearly a
million shares. and in round numbers acgreya-
ted exactly S64. 900 shares Reading monopo-
hZed the attention Of spectators. The mAgni-
tude Of the transactions in that stock was un-
heard of and within the hrs; few minutes Of
business 100 600 shares OF II had been sold. IL
opened Sh per cent higher at 81 = and on
enormous transactions accompanied with great
excitement its price climbed almost in a twiak-
ling 20 ca. Transactions Of 1000 shares we're
exceptionally small
A few minutes later the price OF Beading
suddenly reacted under heavy realizstions 20
COZ and during the remainder OF the hour its
price fluctua;ed between that figure and 6S
Jersey Central was exceptionally strong and
advanced on a moderate business from $50
TO lSS. Delaware and Hudson came next
with an advance from lSl TO l3i. Both
subsequently reacted when Reading fell Of.
St Paul was weak from the start and declined
Ia per cent Burlington declined III per
cent The general list was firmer and at noon
prices were about the best OF the morning in .
majority of cases. At this writing, l:30 p. N,
the market is steady.
Money on call easy at II sa2 per cent Er-
change, quiet; posted rates, 1861 1sa4Ss &;
actual rates. 4s5l sa3S5, for 90 DAYS and 4s7 4
aiot5a for demand. Governments Quiet; cur
rency. 6s, l09 bid; IA. coupon, ll6Js bid; ex-
tended Is, registered. 100 bad.
AN UNPARALLELED SCENE.
Long before the time for beginning business
today an enormous crowd was by the Reading
post and when the gavel fell the scene was
such as 10 eclipse all previous deals ON the
noor The crowd was 30 large that
as soon as the opening signal was
given the stock sold at 81 aud 81 on different
sides. Philadelphia mouse bought over
SO, 200 shares. and Arthur Hunter. who has been
n continuous buyer for over a week, took fully
as much.
There was every indication OF a reign Of ter
ror among the bear operators, who are short of
all the active stocks. They covered their shorts
In the coaiers at the highest figures and the
losses IN their short contracts are such that
bear failures are generally expected to be an
nounced.
Excitement In Philadelphia
PHILADELPHIA, Feb. 1.-The publication this
morning Of the details of the Heading
deal served TO stimulate public interest in
the stock of that road 10 still
greater oxtent than has even prevailed since
the first rUmors OF the pending arrangements
leaked out On the stock exchange deallne,
began at a furious rate the moment 10 O'Clock
sounded. Reading. for which "a WAS bid al
closing last night opened at -, and was sold
enormously. Small orders were neglected in
the rush, and IN fve minutes At had reached IS.