The Wichita daily eagle., 1895-10-30
DEALT In READING
Two DAYS OF HEAVY SELLING,
CREDITED TO EUROPE
Reading Stock and the Bonds Of that Road
All Suffer Material Declines, All Kinds
of Theories Accompanying the Opera
ttcns-Sugar, Tobacco, Chicago Gas and
Break In the Last Hour, the Market
Closing at Lowest-Bonds Downward
Exchange Rates Higher.

New York, Oct. 29.-Four stocks COM
| prised the bulk Of the dealings today.
In the railroad Ist Reading was the
| feature and the stock and bonds sus-
tanned material declines Heavy SELL
ing of the stock during the past two
days in now credited to Europe. Today's
decline was attended by variety of
rumors in connection with the proposed
| reorganization of tine property. The
reports were conflicting and inedfinite
They involved theories of change of
personnel in the reorganization and Of
more severe treatment OF the junior
securities There was, in addition TO
the foreign selling, considerable H1ui-
cation for domestic account and the
pears improved the situation fully. The
STOCK leo the entire market in point of
activity and declined IA per cent, to
IA I-8 per cent, closing at the lowest
poSnt of the day. The other most prom
inent shares in extent of trading were
Suoar, Tobacco, Chicago Gas and St
Paul
Trading was moderate at the opening
WiCn prices irregular. a bear attack
was soon begun on the indus'trials with
especial pressure against Tobacco. The
stock yielded 8 SIS per cent The gen
eraI market was depressed sympathet-
ically Covering by shorts induced a
rally after IL O'Clock, extending to IA
per cent in Tobacco in the face of an ad
vance in posted rates of exchange by
prominent drawers TO s4.SS 1-2 and S4S9
IL and higher rates for actual business.
Near noon another reactionary move
ment set in causing the loss of most of
uhe use. Toward i O'Clock prices again
stiffened with Sugar, Tobacco, Chicago
Gas; Leather preferred and Pacific
Mail most conspicuous. In the final
hour the market appeared to be weak.
prices generally breaking feverish. Erie
Telegraph broke TO so per cent, against
% IL per cent, the closing sale last night
Inc quotations then rallied to 62 per
cent bid. then fell to 81 1-2 per cent reg
utar and 50 per cent tsellers, sixty DAYS.
Ihe closing figure was 65 per cent bid.
Psttsburg. Cincinnati, Cleveland Chi
caeo and ST. Louis fell ga per cent,
to 521-4 per cent, and Starch first pre-
rerred jumped 1-2 per cent, to 40 f-2
per cent. The market closed active
and weak and at the lowest figures of
the day. with material losses general.
In the later sessin, bond prices We're
seneralyl downward. The speculative
mortgages gave way sharply, particu-
iarly the Reading issues The sales
were 81 ,191, ,0OO
Government bo-ds We're practically
neglected, THE sales being only 81 ,O0C.
New York, Oct 2S-The Evening
Posts financial cable says:
London, Eng, Oct. 29-Stock markets
We're idle but steady today. closing dull
With a slight rally in Americans, but
one with no significance. There is
some apprehension as to failure tomor-
row, which is stock exchange pay day.
but nothing serious is apprehended.
The first installment (seven and a half
million sterhng) of the Chinese indemni
'ty is payable to Japan here on Thurs
day.
London, Eng, Oct 29.-Bar silver clos
ed at 81 S-S pence per ounce.