Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-12
WALL STREETS BIGGEST DAY.
THE READING DEAL MAKES THE
LARGEST TRADING ON RECORD.
The Leader Scores Net Gain Of 81 Per
Cent During the Day-Jersey Central
Jumps 81 Per Cent-Ontario and West

| Ahc AcSuer scores y Net Uain Oh oA Hei
Cent During the Day-Jersev Contra
Jumps 81 Per Cent-Ontario and " est
ern Also Boomer.
NEW YORK, Feb. 1.-THE stock market to
day was an exceptional one in every respect
| and in point of activity and the extent ol
| the advance scored, was entirely unprece'
dented. Less than 40 stocks show more than
100000 in the transactions, and notwith'
| standing the enormous trading in Reading
| during the last four days its total to-day was
over 100000. The gains were still on an
equally large scale, and the extreme f1uc-
tuation of Jersey Central on a comparatively
moderate business was So Owing to the
interest in the leading shares, the low priced
the day.
The market opened with great activity
and at materially higher figures in most
cases, Reading being up ~ per cent, and the
crowd on theefoor waiting for the sound OF
the gavel was the largest ever seen in any
one hour since the foundation OF the Ex-
change The excitement.was intense, ana
the trading in the stock for the first quarter Ter
hour reached considerably over 100000
shares. The price rose steadily in the face
OF the heavy realizations to ga. at which
point it halted and went back; but in the
late trading 647s was touched and the stock
closed with net gain of 50 per cent at 6fH.
Jersey Central was more rapid in its move
ments being rushed up from 100 to 1857. and
it closed at 1877 with a gain of per cent.
Delaware and Hudson were raised more
rapidly in the late trading and closed at its
highest figure, lS6 with gain of 5H, while
Lackawanna, which was especially sluggish
in the forenoon, was advanced sharply at
the same time, rising from l57 to 1G3, but it
closed per cent lower with gain OF only
~ per cent New England was very largely
traded in and rose from 4sY to S61' ana
The most marked feature was the sudden
extreme activity and strength in Ontario
and Western, one of the four stocks whose
sales reached over 100000 shares, and its
price was raised from 1874 to- 23E and its final
gain was 2T per cent. Erie, ST. Paul, North
ern Pacific preferred and Atchison among
the railroad stocks, and Chicago Gas among
the Industrials, were especially active. The
last named was especially strong for time,
crossing so, but failed to hold the improve
ment Rock Island was the weak point in
the ma rket during the forenoon, but it fully
recovered its loss later and closed un-
changed at 81
The general list was comparatively ne
elected and fluctuated within narrow limits,
in marked contrast to the few leaders, IN
which sales on the bulges led to sharp de-
clines, but were always followed by equally
sharp rallies. The close WAS strong and
confident at prs ctically the best figures, and
was made on an extremely large volume OF
business.
Total sales of stocks to-day were 1437, ,442
shares, including: Atchison, 1915; Chicago
Gas 42,6s5; Chicago East Illinois preferred,
1885; Delaware and Hudson, Delaware and
Western, 1886; Erie, 153, $50: Louisville and
Nashville, 26 l50: Missouri Pacific. 1000:
Northwestern, 1870; North American, 5,9l7;
New jersey central, 11O95; Northern Pacific
preferred, 40, $780, New England, l5S, ,665: Read
ing, 579 ,945; Richmond and West Point, s,77o:
ST. Paul, $3.50; st. Paul and Omaha, 8, $50;
Union Pacific, l6, 563; Western Union, 4,710.
The railway bond market showed the
same general characteristics as the share
list, and, with enormous transactions in the
leading issues, the grand total was run up to
an hnn tad hurr Tha otrnp prrth in
those bonds, however, failed to stimulate
any very marked gains in the rest, as a
strong temper prevailed all through the
session. The third incomes alone failed to
make handsome advance for the day, and
the firsts are up 3A, at 7s3l, and the seconds
5, at 60.
The following table shows the prices of active
stocks on the New York Stock Exchange yester-
day. Corrected daily for THE DISPATCH by
WHITNf & STEPHENSON. Oldest Pittsburg mem
bers of the New York Stock Exchange, 81 Fourth
avenue.