New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-18
READING DROPS SIX POINTS.
A SMALL STOCK EXCHANGE PANIC.

| WHICH AIl NJNtt IN I'D IN IO>>l BILE kAlL
| ROAD DEALs-CoNTEsT BETWEEN THE
ErAIINC-BOsToN AND MAINE COM
T!NATIoN AND THE MORGAN
VASDEERfrr INTERESTS.
Wall Street held its breath for a bad half-hour
yesterday. II somewhere between noon and
p. ~. Transactions ran 20 an cnorno'~ scale
and prices tumhel downward with little rcsarl to
fluctuations Of the ordinary eighth and quarter of
/ per cent. For few minutes the situation WAS
almost paniclty, and round blocks Of stock were
hoggAt AMI sold without Icgard to even II per
/ cent IN prices. There Threatened to be- Il collapse
IN values, bat hurried rush to buy at the crlti-
cal moment turned III" scale and th" final round
up Of the speculation LETT 4 range of values that
compared by no means nlavoraby with the clos
ing prices o! the previous day. But while III" in
tense excitement lasted the floor Of the I,Xchane"
WAS crowded with struggling thrones Of brokers
and every one in brokers Offices outside of the
seen" of the tuSSlc asIlcl each other, they
watched the tape rccling OF the "ticllers,T
"Wh"r" will this stop? This will breed trouble,
won't il? And yet the panic went out of the
market quickly, and at the close of business
asked themselves what was the matter that IN st
stocks closed un, hanged or higher than Thurs
day
III" stock markrt lad n" prcmOntion OF tho
lively lay il. storc for IT. The opening in
good >ipp', Wi;h hiokris Tor l.rcien house,
liddinl ior stocks. General chcourager mt was
icit II the news that Tie Tribune gave from
Washington To the effect that before departing up
IN his vacation Pr'Siicn, Harrison had given dis
ciotion 10 the Secretary of ia" Treasury. Mr. FoS-
Ter to Issue Coy,,nmcn; i,ud. if .u,i, aotion wa.
required 10 project the gold reserves in the
Treasury T1,or. ,v,, no c>,.,t,,io, Of any i'm.
crGl,,c, ~, ,u,r.,r. y,l,.,.. J,,,, and II,r,.t
/ - - ; H. ,l . IT, l.,- ~ ,,,,,.l
:,, , ~, -, ,t. - D. ill.,. . 81 h
go 49, , ,t ,..i,., -,
.,..,, 1l.,,L .,u IN.
',..I ,,,.,. . b,.l. ,,o, ,..r ,h.. L,,,,.t n,loe.
ot ,L. d,,. ,v.r. r..cor,lnJ r,.,linr had fallen
,rop, IA q-. =. IA -s v.,yYork and Nrw-
/ t.i,,i f,., az -. :, # "a american SUGAR
-, ~,, 49, ,.. an :,
'''" 49,, t.,.'.' ,..,. -, !,
-. ..,,. ,''I., ,.. o.. %, +.
:, T., va,l.,.,,,
. :, ,.i,.,,,, uil,,,,i,e.
- =, i., , ., o +, ~ ~ p,tI
-, , .. .2l, po.i, Island
.. . -, v,l.rr p,.iG. nr.f.rrnd
.''" . ".,,G. ,,o," 90 .,
.,,..,,..,. ,i, l,r.,r ,,,, of ,l,,
"' - ',''" .,g "' '~"'.. ~ 49,. ,,,,,.',L ,,,r-
ANN IL
"'' wa ''P'' ~ Wv .,'-, lima.
"'' gains WV 49,. ,o,,I,,r ,ir-
.d co,d.,io,s TIA, tot,l trau>ao.
,,, .'-o .l,,,... and to tli.
'' l..,1 -, ,l.,n lon ooo
'"''' "'''''' rrl NAMELY
'n'I'' '"' w 80, .il
i''''' S''!''' ~" ''' - '''-. ~ ,,,.i..,'.
-'''' '"'' -. ~, ...,.l,oI ,I,,, II ooo
""N''" r..I,.', .,oct -, tho uur
'"'''' 49,, '',,,..l - all S,oca
,.'I.' ,,.,,rl. ~. -, . level with tire shares
''''- So, -. ,.,.,,,..l >, .ro o,niy,.
20 ON .,.o,- ,b, fatal trln,lctlons Of the
49,, .,..lJ r,nl- Li,b in the records Of Wall
/ H., yr,, ,L, STOCK E\chlnc,. clc.,
.........,, - , .i,.,l,. ,,il,r. con
80 ..,. oo,,,,I =, ria, .>blb,iion of
e.'', nr.,.,.,.',. Community Thank,
'hc ',''"-'.. " w 49,. .,i,.o, nI,.,ion. the
,,, .,.'r.', of broker. has. m the man been
,'......L .,r.,,,hcniua their resources.
~. &, r,,,,i,.. .,ocl, was dunlcatfd in the
I.,I. ~, b..,,, tr,ns,c,ions the
ih"'h'' ''' H. "''''' , >, ,,..r o,,, .,
''S' I''''' ,.,, ,l'. ,hirl. .ii ~
~ INV , '',. mop con, =,
",,' M W. ea'I - ,,,.,,ors ,r,tnvor,hly
,,, 49,, .hicb could bc
o,.i !, y.,' .,iJ that thc c,lnplny had de-
'''''' ~ 49,. i,.Ii, iI,.I ,.,,l amer
'a"''' o" Pa "''''H | ,,',n ,h, ~o,.',m.
a'"i' "loS' '"'P ,.. 1,o,hr,
mi,i'n "' '''' 'o'' "''' 't,',, f.. r..norsc
WIZ" ''n> w. ',' .'' p,.i,.,L.l,,i, ,b..
]" in'i"''' ~ - .,,,.i. .,n,, IN d.cl,rin,
''P.' .,r.in. in ,he con ii,ion of th. com.
"''..'' '''", n...nao. - h.,,r, ,h. break in it,
! , .d ..c,,,,,i.. I, ,ya, evident. how
..r Flea, an .>,cnsiyc luui,lation had been
''' It,; t,,. p,,,ors ,,,ov, thlt a
ioah hH" p''" ''"' WV o,,ion.l
''"'H' '''' ''P'"' ,,, uh,
~ III" .I ,ho i'm
IL" "",''''' Wv L.,,.,. r.rc.l .,lc
, .c'",,l on ID. ,ccount Of IN. Phila-
law - :, ,. o,ri,,1i.ts ,,l,o