Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-13
NEW YORK STOCK MARKET.

NEw YORK, February 12.-At the Stock
Exchange this was another exceptionally
heavy day, although there was no comparison,
either as TO the amount OF business done or the
excitement attendant on the trading as com.
pared with yesterday. The elimination OF the
deal was followed by largo realizations by the
followers Of the syndicate, and there was con-
siderable pressure on the coal stocks from bear
sources the advocates OF lower figures being
specially anxious TO retrieve some of their losses
by the recent rise, and rumors we're circulated
TO the end that legal proceedings would
be taken 10 prevent the consumma-
ton Of the arrangements made by the coal
companies. The rumors, however, had no spe-
cial effect, the impression being that such pro-
ceedings, II brought at all. would be merely for
speculative purposes. and the declines effected
In the stocks Of these roads were entirely the
effect OF selling to realize by speculative buyers
The coal shares were still the most prominent
group In the market, but they were not 90 over
shadowing as yesterday. and other stocks than
those which are supposed TO be benefited BY the
combination we're largely traded In ct times
London was large seller OF st. Paul and soine
others, but bought a little. Chicago bought a
little Chicago Gas, but let It Of In the late
trading with the rest Of the list
RICHMOND AND WEST POINT.
The Richmond and West Point stocks were
very prominent on rumors that tho reorganiza-
ton committee report 20 be issued In short
time would be very favorable. The bears made
considerable capital out Of the position Of the
foreign exchange market, pointing out that de-
mand bills are now dangerously near the gold
exporting point and still tending upward. Inc
Transactions in Reading were OF course meet
striking aud the trading In the last hour was
equal 10 anything seen yesterday after
the first hour, when IL fell rapidly
over per cent. The early dealings In all the
while Jersey Central rose 8 per cent. and Lacka-
wanna 4 per cent. the improvement was more
than wiped out during the day. sharp rally
in Jersey Central in the last Few minutes eaved
l. from scoring material loss for the day. New
England followed the leader very closely, but
other stocks were traded In within narrow linn
It's, except Iowa Central preferred, which was
the strong point Of the day, rising per cent. TO
So, and closing only " per cent. below It's best
figures.
OPENING STRONG, CLOSE WEAK.
In the early dealings after strong Opening
Reading fell away rapidly while jersey and
Lackawana advanced, the generalllst also showiI
great uregularity movement without scorln.
any material changes. jersey afterwards gave
wey, but the Strength in Chicago Gas prevented
any stampede IN the market for some time Late
in the day Reading again dropped suddenly and
being extremely heavy. Tho market under this
influence closed active and weak, notwithstand-
ing the rallyipg OF few shares In the last Tow
minutes. The losses Of note comprise only
Reading, 41fc. New England, 2lsc. Delaware
and Hudson, PC, and Coriage, I5Sc Sales, Ill.,
900 shares; unlisted, 5000.
MONEY AND EXCHANGE.
Eren,no.-Exchange duiet and steady at ASIA
4Sg. Commercial bills. 4SJa4S7lS. Money
easy at 1ss2. closing offered al =. subTreasury
palances-Coin. el l6, 09l 900; currency, ga
$4,000. Governments dull but steady; 4 per
cents, 1l61l, State bonds dull but steady.
cro~x otror