New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-11

largest dealings since 1se3 and In the bond mar
ket the biggest days business In the history OF
the Exchange was transacted the par value OF the
bonds sold amounting to s5.79O.0O0. Issues which
have been practically dormant for months were
traded In. and the range Of speculation covered
about every stock on the list. The low-prced
stocks. including the properties now In process or
reorganization. were extensively dealt IN. ana the
fact that the purchase Of such stocks Involves inc
payment OF assessments appeared TO nave 10 ei-
feet upon the speculative and investment appeu'e.
The success of the present bull wave OF specuia-
ton has brought many outsiders into the market
VINO are willing to take about anything they ge''
except In the case Of stocks on which assessments
are to be paid. The presence all this week oil the
foreign buying element in the market mas had
most decided effect upon the course OF prices ana
upon local traders and the closing OF the week VIII
see-unless there should be an unlooked-for break
to-morrow-com comparatively large net gains In most
every stock traded In. The increasing volume OF
business done by arbitrage houses has served to
depress the foreign exchange market. and rates
were again lower to-day. Besides the pressure to
sell bills drawn against securities bought for me
foreign account the distribution to-day by the
Government bond syndicate OF 40 per cent OF tne
s32 800 600 contributed by the members 10 noat the
issue was another factor which helped to Keep thc
foreign exchange market in a condition pordeTlhs
upon demola zation. The success the Dond
syndicate has had In controlling the foreign ex-
change market Is made more evident py us u.-
cisiOn TO return part OF the capital subscrlpeu III
connection with the control OF the market Inc
amount Of money returned 70 members OF tne
syndicate was about $l2.000,0OO. paid In checKs
which will not go through the Clearing House I'M
I'll Tomorrow and will not therefore figure IN ths
weeks bank statement
Reactions caused by realizing sales were onset
every time to-day by renewed foreign buying. ana
selling for the short account had little snow.
Trading in stocks like Atchson ana Reading was
q feature OF the market. The transactions IN
A;chison amounted TO $4,000 shares. and the Duy-
ing was supposed to be by those Identified with
the reorganization Of the property. The effort 10
advance its price successful. and II closed AT
S.s Not long ago ii sold al T. Reports about
change Of control in Reading remained uncon-
firmed to-day but the stock was active AGAIN.
and, next 10 Atchison. was the-largest traded IN
Whether the control Of the road Is going mo
other hands or whether the stock Is ENJOYING
nothing more than a speculative movement Is Il
question but at any rate large amount OF the
stock is changing hands and the tendency OF us
price is upward. The coal properties were all ac-
tive and jersey Central reached 100 In the DAY
and closed al 99A. The Granger shares were all
strong and the Industrials were active and sold
In the early trading at advancing prices Chca-
60 Gas sold up on the report OF probable favoraoe
action by Governor Altgeld on the Frontage bill.
Arbtrage houses bought 81. Paul. Northern "a
ciic preferred. Northwestern. New-York Centrai
and also stocks which do not as rule ENJOY an
international market. Toward the close local
traders sold for profits. but the genera strene'h
of the market was not affected. and last prices.
excent in a few cases were net gains from yester-
days closing.
BONDS-THE FEDERAL TREASURY
Government bonds sold: None. Quotations were
as follows: