The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-02-21
FINANCE AND COMMERCE.
Now York Stock Market.


treated again to day to G continuation Of
enormous liquidation in Reading, and
the transactions in that stock were even
greater than on the preceding two days
of tho break, very closely approximating
million shares in thai ono stock alone.
Further concession in it's prices were on
par with tho amount of business done,
81 per cent. making tho extreme
decline and at tho close it was only 9
per cent better, showing net loss of
Ga per cent. for the day. There was
an active business in the general list,
which would at any timo have made 4
large day, but tho interest in the Read
ing episode completely collapsed that in
anything else.
1t early became whispered that re-
ceiverahip must follow, and a decline of
nearly seven per cent. was osta blished,
but tho reassuring dispatches from
Philadelphia started a covering of the
shorts and rally of over two per cent.
was brought about. Tho official an
nouncement OF the fact followed, how.
ever, and drop of per cent. to tho
lowest prico of tho day was the imme.
date result. Tho excitement attend
ing tho enormous transactions was
w
as tho immense figures would seem to
Indicate Wall street is, as it wero,
spectator Of tho contest and seemingly
has nothing to lose whichever party De-
comes victor, and the three days OK.
treme depression in Reading and It's al
lied stocks, followed by period of de-
preston among the industrials, has
failed to cause Il single failure on the
street.
Tho feeling, it cannot be denied was
rather panicky, not only in Reading, but
also in Now England and Northern
Pacific preferred. Atthe opening New
England on comparatively small trans
actions dropped oven moro rapidly than
Reading, TX per cent. making its ex.
treme loss. When it reached 3411, how
ever, it met with good support and re.
covered nearly it's entire loss, closing at
it's highest price for the day with not
decline of only - per cont. Northern
Pacific preferred was sold heavily early
in tho day on tho developments of the
quarrel between the stockholders COM
mittee and tho management,
An opening decline Of nearly 8 per
cent. was followed by further recession
to 43 and, although the pressure to sell
was perceptibly abated, the stock rallied
feebly, reaching "A 4 at the close, which
showed a loss OF 4 4 per cent. for the
day. The receivership for tho Reading
was interpreted as marking the final
end of the coal ombination and other
coal stocks, especially Lackawanna and
Jersey Central, retired sharply losing
about 4 per cent. Few other movements
of Importance were seen in tho railroad
list, but Manhattan was weak again and
was driven down to l57, but 1T rallied 9
per cent. and at $50 showed a net loss of
2h. ST. Paul was specially weak, and
after substantial rally showed loss
OF per cent.
Industrials, with The exception Of
Sugar, were not specially prominent in
6salings, but considerable strength was
Shown in Cordage, which rose e for
the day. Chicago Gas retired l "a; Sugar
was sold heavily in tho early dealings
and dropped away from l23 to 1901, but
inside support was forthcoming and it
rallied to 1857, being q strong feature
OF the late trading. 1t was unable to
hold the entire rally, however, and at
1245s was up 4 per cent. for the day.
Sales listed stocks, 1,317,446 shares;
unlisted, 100000. Sub-Treasury bal
ances-coin, $72, 1000; currency,
SEQ, 440,0 600.
Produce and Merchandise.
NEW YORK, Feb. 20.-Flour weak,
neglected. Southern flour dull, easy;
common to fair extra, 2.10@3.10; good
to choice, 3.15@4.25. Wheat quiet,
steady; 10. 9 red, store and elevator,
10 afloat, 791. options were fairly &C
tive and irregular, closed firm, un-
changed to e under Saturdays; No. 9
red, February, 773s; March, 77%; May,
so.
Corn very firm; scarce and dull. No.
OH
mixed, 5l4@524. Options moderately
active, closed firm h@36 below Satur-
day. February, 51%; March, 5111; May,
509l Oats moderately active, easier.
Options duh, lower. weak. February,
3715; March, 379l; May, 3S. Spot prices
No 2, 379s@M. No. Q, white, 4o2l@N;
mixed, western, 37H@39h; white,
western, 39I@45.
Beef quiet. steady; family, 12.00@
13 90; extra mess, 9.00@0.50; beef hams
moderately active, firm, 21oO; tierced
beef firm, fairly active; city extra India
mess, 90. Cut meats steady, quiet;
picked bellies. 11H@l1A; picked
shoulders, 1o@iO4; picked hams, 14@
14h: middles dull, easy; short clear,
11ls. Lard quiet, easy; Western steam
| none; refined quiet, nominal. Pork
quiet. steady; old mess, 10 5000 90;
new mess, 81; extra primo nominal
Coffee, options opened barely steady,
unchanged to Is points lower, closed
steady, 5000 down; February, 17.15,
May, 16.65@l6.S5; July, 1G 550o16.GO;
September. is 5O@19 So; December, G ! S
80; spot Rio dull, nominal; No. Z,
17%@1S. Sugar, raw quiet, steady;
| fair refining, 800 l6; refined easy. quiet;
| No. 6, 4 8 l6@4ss; No. Z, 1905 116;
standard A, 45s@4 10 IL; granulated,
1900 1916 Frcights to Liverpool