St. Paul daily globe., 1895-12-17
ON THE RECOVERY
COVERING by SHORTS RESULTS
In SOME STRONG AD-
YANCES. ~
THE READING PLAN APPEARS
THERE WAS A SHARP DEMAND
FOR ALL KINDS OF RAIL- +
ROAD STOCKS.
ACTIVITY IN SPECIALTIES.
THE READING PLAN APPEARS
ACTIVITY IN SPECIALTIES.
Industrials Losing Their PrOmf-
nence-BOnds Stronger, Sell
ing ut Higher Figures.

NEW YORK, Dec. 16. Strength
characterized the movement in the
stock market today. The anticipation
of the publication of the plan of re-
organization of the Reading system
was advanced as one explanatory bull
argument. 1t was urged that the pow
erful interests back of the plan would
not permit it's publication to fall fiat
The plan was, as expected, published
at the close of business. The delay in
the public delivery of the report of
Secretary of the Treasury Carlisle was
found to have detracted from its i'm
portance in a speculative sense.
A sharp demand soon developed for
the coalers, grangers, Vanderbilts,
Louisville & Nashville, Southwestern
shares and Denver & Rio Grande pre-
ferred. The resulting advances ranged
up to 1A per cent in Burlington. Cow
ering of shorts furnished the chief
stimulating influence. Buying on this
account was partially responsible for
marked strength in Manhattan rail-
way. although a rise Of per cent in
the stock was attended by reports of
probable improved exhibits of earnings
under the reduced interest charges TAX
ing effect the commencement of the
new year. RumorS of reiterated re-
fuSalS Of the large investors in the
property to part with their interests
were also a contribution toward
strengthening factor. The trading in
the stock was unusually active.
In the specialties some notable ad-
yances occurred. Erie Telegraph, Bay
State Gas and Mobile & Ohio rose 212
per cent each, and Tennessee Coal and
rather Irregular and fairly active.
The strong tendency in railroads ap-
parent in the initial dealings was prac-
tically unimpaired throughout the day
ratio fashion. Tobacco reacted 12s,
recovered rs, declined 31s to 49, i'm
proved to 74l2 and closed at IA, a net
decline of 21s per cent. Leather pre-
"a per cent to 67as, rallied to 6S5s and
left off at l per cent net lower. Sugar
and Chicago Gas moved within a range
of point. The. market closed active
and strong, at the best figures of the
day for the railroad list.
Trading in bonds was on a better
scale than usual recently, and upon an
advancing movement. Reading issues
were the features. The aggregate sales
were 81, 667,O The main advances are
in Northern Pacific So, per cent; Read
ing As, 23s; do trust receipts, 1as; do
United, stamped, ~; London do first
incomes. per cent; Atchison, Colorado
4 Pacific firsts and Denver & Rio
Trahde improvement 5s, "a; Wabash
debentures: series B., IA. Manhattan
consoi As, IL per cent. The most i'm
portant decline was in ST. Joseph &.
Grand Island first trust receipts, ~
per cent.
The total sales of stocks today We're
265 219 shares, including American Su-
gar, 1890; American Tobacco, 81, 800;
Burlington, 1880; Chicago Gas, 1850;
Kansas & Texas preferred, $500; Louis,
vile & Nashville, $500; Manhattan.
"a tn6
Rock Island, 4,6O0; st. Paul, $500; Ten
nessee Coal & Iron, 9,700; United States
Leather preferred, 40,3OO; Western
Union, 6,100.
tuations of the leading railway and
industrial stocks Yesterday: :