The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-20
Reading Advanced on the Report that
the Company Had Been Gobbfed by
the Vanderbilt Interest.

circulation, Increase 5000
The banks now hold s37,5S7.9OO in excess
OF the requirements of the Is per cent.
rule.
inc exports Of specie from the port of
New York last week amounted TO $685. in
gold and s59s.Os4 In silver. Imports-Gold.
sllzs.ss7; silver. $1,000; dry goods. 81 SOL 424;
general merchandise, s749s676
The total sales of stocks at New York
Saturday were 246.s5s including: American
Sugar, H.700; Atchison. $500: Burlington.
o.lO; Chesapeake & Ohio. 800: Chicago
Gas. 1l.600; Delaware & Hudson. $500: Dis
tiiling and Cattle Feeding 1880; Kansas
* Texas preferred, 2.100; New Jersey Cen
trail. s1oo; New York. Susquehanna &
Western preferred. 800: Northwestern,
400; Omaha. $500; Reading. 1900; st.
Paul. $40; Tennessee Coal and Iron, $500;
Texas 4 Pacific. 800 Wabash preferred,
$500: Western Union. 800; Wheeling &
Lake Erie. $500.
The New York stock market opened a
shade lower Saturday, and during the first
fifteen minutes some slight losses were
made Reading a notable exception
and recorded a fractional advance on good
buying induced by the report that the Van
derbilt interest had gained control of the
company. This story was however, prompt
~ denied by Cornelius Vanderbilt. but not
ing speculative attention TO the entire group
or coal stocks and caused a sharp covering
movement therein AS a result, New Jersey
central rose rs per cent; Delaware q Hud-
son. IN; Reading. !, and Delaware. Lacka-
wanna AZ Western l9s per cent. The genera
list was also strong. but the only material
gains were made in the specialties. About
half-past IL o'clock a realizing movement
was set on foot which grew in force and
Central recednS a na Rsasine e ~. 'f psIs
ware & Hudson. 49, Michigan Central, Ia +:
burlington and Sugar, lis. and the rest of
the market lsNl per cent. The depression
continued to the close, and the last sales
were made with but few exceptions at de-
clines ranging from : to l!s per cent. in the
active list and per cent. in Great Northern
preferred Some of the specialties show gains
on the day. including Minnesota Iron and
ferred, IL. and Tennessee Coal and North
west preferred i per cent. The course Of
values during the first half of the week was
In the direction OF lower prices. Unfavor
port and change Of f 'front.' on the e part Of
London: which from buyer had become a
seller. There was also considerable Iiquida-
ton for the local account to take some Of
the profits Of the advance. The sale in
Central treasury stock above par and other
evidences showed that there was a ready
market abroad for securities.
The changes of the week are in the main
advances. the more important of which are:
Des Moines & Fort Dodge preferred. per
Express and Toledo. 81. Louis &. kansas
City. s; Great Northern preferred and Ten
nessee Coal preferred, 5; Minnesota Iron,
"a: Northwestern preferred, 4; Tobacco pre-
ferred 3l2: Laclede Gas preferred and Buff
falo, Rochester & Pittsburg 3 per cent
Rio Grande Western preferred pa; Consoli-
dated Gas. Long Island. Wheeling & Lake
Erie preferred and Nickel-plate firsts pre-
ferred. 2; Bay State Gas. "a Sugar, ga. and
Chicago & Eastern Illinois preferred. Amer
lean Express, ST Paul & Duluth, Mime
sofa and st. Louis preferred and Lacka-
wanna. per cent. The declines were-Ohio
Southern. s: Southern Pacific. AZ; Corda ge
guaranteed, 312; Manhattan, 6as; Union Pa
cific. 2is; Erie, "a, and St. Joe e. Grand
Island. 2 per cent. The sales of the. week
were 1858. 100 shares and 173 stocks dealt in.
There was a fair degree of strength TO
the early dealings in bonds yesterday but
near the close drive against Reading is
sues sent them down materially and the
general list shaded off in consequence The
sales were $f-715.0oo The speculation during
the week was not OF such an animated char
acter as I'm the preceding week but
the variety of securities dealt in grea I.
Speculative shares sagged by reason of
realization sales and various rumors in con-
nection with the properties Towards the
and especially for the usually inactive bonds
for which the inquiry was good and the
appreciation considerable. The aggregate
sales were s2O.14OOoo and 2e4 mortgages 6g-
ured in the dealings.
Government bonds were firm. State bonds
were inactive
The following table. prepared By James z.
Berry. Room is. Board OF Trade. shows the
Ef