New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-13
A BIG DAY IN STOCKS.
THE EXCITE MENT NOT 50 INTENSE AS ON THURS
D\Y-A FALL. IN READING STARTED bf
rNT\yoRABLE REPORTS.

THE EXCITE MENr NOT - IN 40 w AiN
D,Y-A FALL IN READING STARTED BY
UNrAvoRABLE REPORTS.
The excitement In Wall street in regard to the coal
deal, was continued yesterday, al'hough ."o P"o
romcuol business Of Thursday not equaled lhere
- ,,,o changes I'm the sentiment at the Stock Ex
non,o with recrj 10 the benefits to be derived lrohi
bc orran cement between the Reading and Leeh Nai
lev and Jersey Central corporations and tile sgeesuo
was made that there might be hit,h III the oohS"'
ion Of the deal. The consequence was STOCK i,hov
which brought lrregularity into 1t ana "hlc" reSu'N
| in - slorp decline I'm prices in the late dealings
Thero was an excited opening to the stock ENcimhge
r,ns,cons and the scenes Of Thursday were repe'eu
in the carly hours. The total transactions OF tle uiS
were one trird les, than on the previous Day o .io
| record exceeded 100000 shares Inc Ne''i''7
crnvd continued. 10 be the centre OF a'ira,noh' Du'
horo ros a oto pIuuce which left the final price about
i've noint below the previous day In the afternoon
rumor, got into circulation that there was h'''h l"
the carving ont of the coal deal ana ta' te ->o'o'
General If PENNSYLVANIA would take steps 10 iVfleie
The trading crowd flew to the conclusion 'haV Sol''
Thing VA, wrong and in the last half hour mt the TX
change the excitement represented the a'"ihp's VI
tno., who wanted TO get out ahead OF the next ie
low The fail in prices was not startling ana inc
believer, I'm the bull deal were not sadly dimhl'heu Ill
| numbcT, at the close ,..,,.
| The ,torlc, told in the street were OF lihpor'''
| u,rd,tion, I'm Reading. Tho name Of Il prominent
|
! and many old certificates appeared in the deliveries
rhch ver, made In Dclawarr. Iackawanna and western
and Other coal stocks. There was general
Al the ,moothncss with which the enormous 1raU'"'
| ~ Thursday had been effected ana no th'urFS
,,,ouucod But brokers went home still my9H"eu
| - to what the next day would bring forui. i"o
WA, great activity in Reading stock III ' i
| ,c,dirc owing TO the reports that the IehhNSN"hl
| Railroad would an:agonzc TIC deal Ihose VIM .
| rrouncnt I'm inspiring the recent agltatloh la"- "
| thc idea that such organization wouh WISH - ~
, vim ,nv scheme that would tend TO raise l'' own
| motifs as Il coaLcarrcr. II was hot KNOW" " 10Y W.
| close Of the stock EXchang, that " >. ~, "
attraction Of the Pcnnsyv vana. had In puDho Ih'o'o
| :, Thiladelph.a expressed opinions rcsarulhS '"V ~
| dc,l of a most unfayorable character lHoIe "'' -
| opportunity for brokers 10 express uo'' .
| ,hc significance OF Nj. Cassatts u''cr'"'eN .,.
lecture would be quickly ended II IL ~s'o ,.r,',nta
| officially how far he represented u"
p,ilro.d ,or himself solely. ,,
rh, philadelphia and Reading Yesterday lo"ai,
| took control Of its two leased hheS' i''o ' n.
| ,bc Central Of New-Jersey Is sccurcd '"'o"7" Wv
Reading Railroad Company. when HAS w loiln'i .t -
| received charge of the former oo"p"Hs r. a.,
Tho p,~t Reading is Il company 'ohIroheo ps 'o
,,a,,,a and Reading and It's official notice reads
| a. '' Jcrecv CITY February II. lo''-
| ,.o ,,or, rc,ding Railroad Company haNn2 W's ua'
| taken possession OF the inilroau anu r ,,or.
f-tfl
,,,ot, and cnlloyc, will continue in dl''par'' o IN
rrcnt duties untn flrtacr orders a' oAcers ''" "s'
| :, mo Port Reading R,iio,d Company
| NJ, l. Roger, MaNwcl having O'eh alPon''u WV
,ao,r or the Port Reading Company. Will be IN chnE'
:, neraon, and viii be obyet ard respected ae'"i's'
o' oi''" A. A. Mcleod, IresiGent
rho ,ro,,co sent by j. Rogers Maxwell. president OF
o., ront~u Railroad Ct NcwJersey. 70 all th, ohier'
~, ,h. c,,npany reads ~ follows:
va" a notified that the Port Ro'dng Raiiroad COnl'
% ,,I. dav tlkcn possession Of the railioad ana ac'
cs.orie. of thl, company under lease ,
IN discussing the possibility OF a litigation dlrec"'
,in.t ,h, consummu,ion OF the Reading deal a' 1t j.
rr,,,,r,v called n wclhnown banker in Wall street it
iIod the Bedcn suit which prcccied the acc
. ~ ,h, lease of the West Shore road TO the New
vol, central That suit seemed to tlr,ateh thc S"'
cess of the transaction. but 1t was th9ute , m t,
n1nv pcr,C,s that tlle prOceedls, helpeu 10 y. -,
~ , 'r, denl There nOt be the s.ihc Su %
t' c % lcrh proceedings are actually teI4h teIt t ~ "
arr,ss the plans OF the persons ehsaseu III III" P''0''
deal. , -, ,ho co,I companles met yester-
| dow brt did not advance the prl0c Vi "~ P
Tie work performed was routine
IpIA