New-York tribune., 1894-01-09
REACTION IN STOCKS.
UHE MARKET ADVANCED AT FIRST.
TOWARD THE CLOSE THERE CANE
CHANGE AND MANY SECURITIES DE-

It was expected that the rise in stocks on sat
urday would a sharp downward movement
yesterday and big reaction was looked for Ihere
was a reaction but 1t did not come until the close
In the morning there marked strength III sew
eral stocks and material gains were scored ROCK
Island and the Vanderbilt stocks moved up. 81
Paul advanced on foreign selling. Distiiling anu
Cattle Feeding recorded advance OF l@s per cent
on the expectation of increased tax on whiskey.
General Electric also recorded gain. The upward
movement offset. however. by heavy sales IN
Reading Louisville and several other stocks LOUIS
Vile and Nashville weak falling on Hz per
cent. The directors OF this road VIII noid uler
annual meeting to-day to consider dividend the
best judges in the Street say that none VIII pe ue-
cared The earnings for the last six months are
reported to show . per cent on STOCK but 10
pay dividend it is believed that the company
would have to borrow money. a scrip dividehd VIII
not be well received in the Street.
Reading securities sold down yesterday from the
opening. The unfavorable report Of the receivers
was hardly worse than any one had expected. me
conclusion reached yesterday IN regard 10 tis ad r
The many improvements ana andlti9nS @ 10 'e iar"s rest
in order S ISn to aS Son Sns Readns 10 Of
IN per cent. Western Union lost II. per, cent, cent
ngar ihs 6e people had received
Vices Of acp ars ne II us Ts1T The 10 oher
indusrias moved up in sympathy InS brosbt
n IN n Genera iS reort whcS showed that i has paid
off 81 10000 Of the floating debt since us uo"oieS
Throushout the day the bulls managed % to hold hold
their grip on the market There Were b es 5 fr
reaction which came at the close he e ester
Ing sTss show Amsrdan 5hs P1nc5 sor
lngton and Quincy J. to II Northwesi NT11sro rs TO to
Isl csnsral aHsn lE~@ Eleefre i Lqks shoTe to
M Missouri Pacific = to 21 Einn to ss,s
Chicago Gas x. to e57s. and New-Jersey Central
fhe wavering tone Of the market at the close
considered to be due in part TO the IN ron
msn 6r fhs the he' Wilson @ BIZ The
Pal stocks that fel off were Atchison per een per
eent ame0c chicSgo. Hs Burinston and quincy cent
5ssSy 2sswnTs iRa a. per een Rea9ns
Pacific. Is per cent, and western '"'o'' 80 P''
cent.
AGAINST A WELL-IINOWN FUR COMPANY.
ATTACHMENTS on THE PROPERTY OF THE
GEORGE C. TREADwELL CORPORATION
TIE SHERIFF IN POSSESSION
The Sheriff yesterday took charge of the place OF
business in this city, No 50 Mercer-st. OF the
George c. Treadwell Company. furs' whose head-
ouarters are at Albany Several attachments had
been obtained on the ground that the concern Is a
Nevv-Jersey corporation They were IN 1aV0r Oh .he
following creditors Nicholas S. Bishoprck. two Tor
s276i: Hugo Jaecke, $1,6l2 L. Briefner d son.
2H6: L. Ioewus & Co, $71S. The attachment Tor
sIo51 obtained by Henry F. Giilig on January D
reached the Sherins office late yesterday The news
of this attachment. IL is said. precipitated the o'ner
attachments Some Of them were on notes anu
others for merchandise Some Of the companys
notes It Is said. went to protest last week -hr.
Bishoprick one of the attaching creditors. does
business in the same building with the TreadweIi
Company, and purchased, II Is said. portion OF
the companys business some months ago. he
said Yesterday that he held note or the conpaE!
which went to protos; last week but did not take
any action in the matter until he heard or the Ciis
attachment. He said he had faith in the company
ability to pay all II owes. as II has large assets
Al the treasurer's Office of the George C. Ireau-
we'll Company at No 60 Mercer-st. a consultation
hold sfarda nefN
heavily Interested in the company and the attor..
ney decide upon some course OF ACTON. ,r one Ol
the men connected with the company told Irlpune
reporter that It perfectly solvent ana nad large
assets in stock -.
Mr. Treadwell. the president OF the company. has
been III Albany for some time y creator saiu
YESTERDAY that the company had been carrying
an extremely heavy stock OF goods ana during Ihe
fuIniner and fall had trouble in setting accommoha
tions from the banks He felt sure, however thal
the company would pull through all right year
ago the companys inventory showed assets @ OF
Ss25 co., The company incorporated IN the sum,
mer of 1892 under New-Jersev laws with capital
stock OF 100000. and was consolGat0 or !
Treadwell &, Co. and the George G. ,rrGadWei Fur |
Company. both of Albany, W H T. Burnett
OF Newark and \. II. Hart & Co, OF this city IL |
IS said that few months ago MI Burnett, m X VINO wrs
treasurer of the company went out OF the concern
and took the Newark business