Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-27
INTENSE EXCITEMENT
Accompanies Big Trading and Wide
Changes in New England
ON THE DETAILS OF THE DEAL.
Most Of the Industrials Continue to Move
Upward.
RAILROAD BONDS GENERALLY STRONG

NEW YORK, Oct. 26.-The stock market
New England deal, definite details of which
were made public this afternoon. The stock
advanced this morning from Az to 491s,
but toward the close was subjected to q
fierce assault under which the price broke
rapidly to 4421. Enormous blocks changed
hands and scene of intense excitement
was witnessed in the Exchange. The final
quotation was 451f. The theory after the
close was that the movement was a coup
preparatory to the naming of MI. Mcleod as
President of the company. The belief
was general that the alliance will inure to
the benefit of all three roads, and that the
Reading people have other plans in con-
temptation which will give them control of
one of the greatest railroad combinations in
the country. 1t was noticeable that Read
ing was but slightly affected by the slump
591s and closed ut 5S15 against 5sL yester-
day. The transactions in New England
reached III, ,0Oc and in Reading l2l 600 shares,
in a total for the whole list of ALSO
The temper OF speculation in the early
dealings was strong. Some shares sold off
4 to per cent at the start, but later ad-
in the lead-Chicago Gas, Distflling and Cat
tie Feeding and Northern Pacific preferred
being especially strong. The market with
stood the break in New England surprising
ly we'll, except in the case of American
Sugar, which dropped to 1l03s. Other stocks,
as rule, yielded only Il to per cent. and
finally recovered Is to Is American Sugar
rallied l from the lowest. Peoria, Decatur
ana Evansville broke % to Is The general
market close, steadier.
Railroad londs were generally strong.
The dealings looted upSl ia. 900. Louisville,
New Albany and Chicago consols rose from
l0l1$ to l041S on a report that the bonds are
to be listed on the London Stock Exchange.
The Reading issues were irregular on slight
changes. The Atchison, Kansas and Texas
Texas Pacific and Erie mortgages were
quiet.
The Governing Committee of the New
York Stock Exchange to-day listed S14 O00,-
600 common and 81, ,000, 600 preferred stock OF
the Minnesota, st. Paul & Sault Ste Marie
Railway Company; $1,000 GOO capital stock OF
500, 900 additional first mortgage 30year
per cent gold bonds of the West Virginia
Central and Pittsburg Railway Company,
making the total listed to date s. oCo 600;
1861, 900 additional first mortgage per cent
St. Louis and Texas Railway Com,
S. sOO,o,o; 5000 900 second mortgage per
cent ''class b" gold coupons bonds of 1883 |
and S., 1921 600 second mortgage per cent |
''class A" gould coupon bonds of 1889 of the
Atchison, Topeka and Santa Fe Railway
Company, the latter to be called second |
21a-4s class A" gold 1899: S. 9.34l, 100 additional
capital StOck Oh Une MeXlcan central Rail- |
way Company. Limited, making the total to |
date S47 SILL 100; $500 600 add itional UNIFIED So
year 4 per cent gold coupon bonds of |
the Louisville and Nashville Rail
road making the total to date IS 733-
600: $500, 900 additional capital stock,
making the total TO date Sc, leo 600, and |
$4,000 additional first mortgage per cent
convertible gold bonds, making the total to |
Gate So 100000 of the Edison Electric IIlum-
mating Company, of New York, and sL0OO,-
COO additional capital. stock of the Third |
Avenue Railroad Company, making the |
total to date s5.000,OCO The latter is to be
listed on November 81, 1892. The committee
on the stock list was also empowered to list /
from time to time the balance of the issue
OF Atchison. Topeka and Santa Fe Railroad |
Company second mortgage per cent class
A" gold coupon bonds OF 1889 up to $50 QUO 600
on notification from the trustee that they |
have been issued.
Close in mining shares: