New-York tribune., 1895-10-31
CLOSING PRICES OF CHICAGO STOCKS
ON THE STOCK EXCHANGE.
Wednesday. October 30

Wednesday. October 30-p m.
Idnuidation in stocks continued on a heavy
scale in the morning trading. light rally In
the afternoon advanced values above the lowest
Of the day, but at the close the majoritr II
active stocks showed net losses Low priced
stocks were the heaviest sufferers. but profes-
sional selling in The standari shares caused
fractional losses and weak holders Of stocks
were pretty we'll shaken oGL the elimination
Of many small accounts has placed stocks In
stronger hands. ,ae influence Of which will have
a beneficial effect upon values. and toward the
close of busnsss today there were some indi-
cations Of hea.y interests taking up stocks while
among such interests there was no sign OF fear
over the future course Of the market To-day s
early selling was participated In by commission
houses. and London continued to liqu'd7te on a
moderate scale. There IL no reason In trade
conditions for decline in stocks A further
advance in foreign exchange. doubts about the
Kafir situation abroad and the lack OF foreign
support have been sufficient reasons 10 influence
light holders Of stocks 10 1iquidate. and the
manipulation in the industrial shares has sue
ceeded in causing some decentralization. The
faith Of well informed Stock Exchange interests
in the underlying strength Of the market has not
been shaken, however. The prospects for gold
is believed that unless heavier supply Of bills
comes into the market. gold will go out next
week
The larges. dealings were in the IndGs'rias.
Atchison, Burlington. 81. Paul, Missouri Pacific
and Reading Sugar Refining sold down to l0l,
but rallied on covering OF shorts. General Elec-
tric declined In sympathy with break In electric
stocks IN Philadelphia and Boston and American
Tobacco, Chicago Gas and United States Leather.
after early declines. closed frmer. The Gould
stocks lacked support, although Manhattan closed
higher. while Reading and other international
fayortes were sold by IL ndon. with losses not
exceeding per cent That drastic measures are
to be taken in Reading reorganization does not
seem remarkable. although the selling In the
stock would indicate that the reorganization plan
has not impressed foreign holders nf the stock
favorably. LonGOl has evidently had advance
Information about tho plan. as liquda Ion in the
stock started IN that quarter and considerable nf
foreign holders. From Philadelphia IT was re-
ported to-day that the plaA provided FOR the rec
Ogntion OF the superior lien of tho general mort
gage As, exchange II the income bonds for new
preferred stock IN proportions according 10 the
priority of lien; assessmlnts o! al least 10 per
cent the income bond5. and an assessment %
% per cent. or $40. each share of par value OF
$50. II is probable that syndicate organized BY
Mr.. Morgan VIII undcrwrite the plan. With the
exception Of AtchisOn General Electric Missouri
Pacific National Lead and Wabash preferred. net
declines We're not above per cent and In only a
fe w stocks as much as n cent. Sugar Refining.
Chicago Gas. Jersey Gel Ltrdl Northwestern, Man
haitian. Pacific Mail. Southern Railway and