The Washington times., 1894-05-22
TRADING WAS ACTIVE.
Aggregate Transactions Larger Than An!
Day for O Month Past.


Day for Month Past.
NEW YORK, May el.-The trading was active
on the stock exchange to-day from the opening
to the close of business, and the aggregate trans
actions were larger than on any day for months
past and more widely distributed. A strong tone
characterized the opening dealings, which was
due to purchases for the foreign account as well
as to the firmness of American stocks on the
London stock exchange.
There was good buying In all the arbitrary
stocks during the morning, but during the after.
noon C. large percentage OF these purchases were
resold, which helped swell the volume OF the
selling movement which the short interest
manipulated. The first sign OF weakness dis
played was in sugar, which after an advance OF
VI broke 27s on liquidation salos for the account
of a belated bull, whom the recent decline had
forced to sell stock which he was holding for a
rise The general list sympathized with the de-
preston In sugar and declined "a to ~ per cent,
the latter Susuuehanna and Western preferred.
the other industrials and the grangers also par
ticipating in the reaction. quick rally ensued,
in which the greater part of the losses were re-
covered.
Sugar sold up 1Is, then recorded ss and recov-
cred 2;4.
The market became somewhat Irregular about
II o'clock, and shortly thereafter took another
downward turn under the leadership of North
ern Pacific preferred, which was sold heavily on
a report that the plan of reorganization likely to
be adopted would include heavy assessment on
the preferred stock An advance of half had
been made In the shares at opening on London
buying, and the break from the top figure was
per cent Western selling OF the chicago has re.
the morning, which was l1s per cent above Sat-
urday's closing. Nickie Plate first preferred
broke 2 per cent. Erie preferred fell OF l5s,
"a 1875 per cont, tho latter Burlington; Union Pa
cific, and Reading, ~; Sugar, rs, and the rest
of the list Il q !.
Before noon Northern Pacific preferred had
rallied IL, and the other shares which had re-
coded made a fractional recovery. Then prices
advanced for nearly an hour, the improvement
ranging to IL, Manhattan and Cordage leading.
About / o'clock the upward movement was
checked and n decline OF "A TO ~ was estab-
lished in interior conduit making the heaviest
loss, with Missouri Pacific, Edison Electric, st.
Paul, and Northern Pacific preferred next in
line Before o'clock a fractional rally took
place, which was of brief duration, and under
renewed selling prices again sought a lower
level, and after delivery hour an improved tone
was noticeable, distilling moving up Ia, North
ern Pacific preferred lls, and other shares
fraction.
sugar came into good demand to cover short
contracts and rose 10 96s4, gain Of from
the low point of the morning, closing at q reac-
tion of Il, making an advance on tho day OF l1s.
Some OF the few of the specialties were weak in
the final trading, but the general market, al
though lower than Saturday, closed nrIn, CHI
cago Gas showing an advance OF ies, United
States Cordage, H., and National Cordage, rs.
The greater portion Of the list is down as COM
pared with last prices of Saturday, notably
Evansville and Terre Haute, as; LOUISVILLE ana
Nashville 3Li: Alton and Terre Haute and In
terror Conduit, 24; Northern Pacific preferred,
"a: Nickel Plate nrsts preferred and Pullman,
.; St Paul preferred and Cotton OIL preferred,
1l]; Delaware, Lackawanna and Long Island
Traction, IL; Rock Island, rs, and Chesapeake
and Ohio c. c. c. and St l., Edison Electric.
Maphattan, Kansas and Texas preferred, Mobile
and Ohio National Linseed, and oregon Short
Line. l. General Electric and St Paul and
Omaha are unchanged on the day
The railway and miscellaneous bond market
was weak throughout the greater part of the
day, but some other Issues traded in recovered
sharply in the final dealings Milwaukee and
Madison firsts sold at la against l07 on septem-
ber l.