The times. [volume] (Richmond, Va.) 1890-1903, 1893-02-22

which was i96. 400 This is a fair indica-
tion OF to-day's excitement as compared
with that Of yesterday.
Considerable activity was shown around
the New England board. That stock fol-
lowed Readings dropping tendency and
fell away from % t-2 10 - l-2 Transac-
tions in the stock. however, were not
heavy.
The visitors galleries were crowded
with persons eager 10 see something. Old
Stock Exchange frequenters said there
was more excitement in the galleries
than on the floor Although the excite
ment In the exchanges seems practically
over. the Reading developments continue
TO be the absorbing topic Of discussion In
Wall street circles. The announcement
was made by President Parsons that no
large blocks had changed hands.
There was considerable talk as TO the
possible effect on Lehigh Valley. This was
quieted by Vice President Garrett, who
urged that the Lehigh Valley lease would
not be affected In any way by the Read
ing receivership.
Reading" he said. will be IN a better
position to meet its obligations than be-
fore. because it will be operated under the
protection OF the court"
The only official statement about Read
ing that has been made public In Wall
street comes from A. j. Antelo. one OF the
Reading board of managers. who states
positively that Readings floating debt
is only 100000. OF this one-half. he
says, is due to Speyer & Co, the bankers
Of this city. who made that advance
upon the security of a deposit OF col
lateral trust 5s. The remaining 5000 600
is due TO Philadelphia capitalists. who
also hold deposits as security. Mr. An
teio attributes the Reading crisis to at
tacks on the company's credit by rumor
He says that Reading will recuperate
and be stronger than ever, being backed
by richer and more influential men than
before. He thinks a year the extreme
limit for the road to be in the receivers
hands
NEW YORK. Feb 2i.-f:45 =. M.-The
excitement even in the Reading crowd az
the stock exchange where brokers now
are standing round talking and skylark-
ing with each other, seems to have COM
pletely died away. and orders to buy
or sell 100 shares can now be executed
without trouble
Ex-senator Platt, who has Just returned
from Philadelphia. said that he made the
application for a receivership TO protect
the interests both Of the Reading and the
/ United States Express. lie is an inti-
] AAf'NN liANiti VI MI. MtIstOu, ana SAYS
the receivership is a friendly one. and
that the results will be emnenuy salts
factory to both the stock and bondhold-
ers Of the company
He also adds that neither Mr.. ]. Pierre
/ pOnt Morgan nor the Nanderbilts had
anything to do with IT,
! Notwithstanding denials, however. a
large portion of Wall street still attrib-
utes the turnover in Reading to the Nor
/ gan-Vanderbnt interest and positive as
sertions are made that i'm due time tn,
! latter will be found in control at least OF
/ New England. They are said 10 have
picked Up the greater part OF the 1O5, OO0
shares Of New England supposed to have
! been dropped by the Philadelphia syndi-
cate.
Mr.. Parsons. it is also said, has ar
ranged with the New Haven interest Ia
turn over his entire holdings Of New
England as soon as the Morgan-Vander-
bilt interest has been enabled to buy
In enough stock TO give them control
PHILADELPHIA, Feb. 2l-Reading de-
! veloped a little strength at the openine
OF the stock market this morning. the
| first quotation being Is l-l6. a gain OF
! i-t6 over yesterdays closing figure. Il
then rose TO Is Is, but reaction fol
| lowed which sent IL down to Is 3-4. and
after fractional losses and gains, it was
quoted at the latter figure at 1870 o'clock
Although the air Of mystery surround
ing the Readings troubles has been par
TALLY cleared by the appointment OF the
receivers the pressure to sell continues.
Lehigh Valley opened at 40, gain OF
IL over the closing price yesterday
but In few minutes It had dropped q
half, and the decline continued until al
1890 it had touched AZ IL. II later rose
| 70 IS The excitement in the market con
Times and will pr obably not be allayeC
until th, Readings receivers give out the
| ctatprnent