The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-01-24

the stock exchange and in the commits
sion houses. For instance, it was an
nounced to a brokers' customer to-day
that all orders would be taken subject to
delay, as their representative on the
floor was unable to attend to all of their
business and that floor brokers were re-
| fusing more orders as they had more
on their hands than they could execute.
1t was the usual thing to refuse to ac-
cept stop loss orders, as the trading was
too violent to guarantee their execution
! AS an incident conveying an impression
of the extent of the early advance was
that of a customer who had given an Or
der to sell block Of an active issue re-
ceived $4,000 more than the order called
for, owing to the violent rise while the
order was being executed. Large oper-
heavily in the early dealings, but there
was said to be considerable taking back
of stock in the afternoon that had been
! sold earlier, and round amounts of stock
were covered by the traders Some of
the more sensa tional movements were
an advance of 10 So in Pittsburg, c., G.
and st. Louis, to SS, a decline Of is
and net gain of 4 SIS. Canada South
ern advanced 10 IL, reacted 10 and
gained IL. c., c., G. and ST. Louis
rose 1-2, dropped points and closed
within 1 of the best. New York Cen
I trail advanced Is fell back 5 IL and
ended with net loss of 7-S Manhattan
rose fractionally, broke points, rallied
4 1-2 and closed rs up. AT one time or
another in the trading there were ex-
IRENE advances in the following stocks
not previously enumerated: Reading
first preferred "a, Reading seconds 8,
Pennsylvania IL, Twin City Rapid
Transit IA, Ontario and Western
5 3-S, General Electric ga, Lacka-
wanna 4 liz, American Malt Ia, Lake
Shore and New York, Chicago and st.
Louis first preferred each, Interna-
tional Paper IA New York Central 8
is, st. Louis and San Francisco Sec
ond preferred and Delaware and Hudson
8 each, and Northwestern and Western
Union IL each. After the early rise
the heavy selling movement dropped
prices rapidly, Brooklyn Transit, Union
Pacific, st. Paul, New York Central
and many other stocks yielding from 2
to points. The market became dull in
the afternoon, but livened up later I'M
der the leadership of the coalers. Enor-
nous purchases of Reading carried the
price up z ga and other coalers were
lifted from 1 IL to L. The move
ment spread to Ontario and Western,
which jumped 3-S on transactions of
over 100000 shares. The belief seemed
to be that the company would benefit
by the better conditions which were
said to exist in the anthracite coal trade.
e,ojI thct No., 4,
ing the conflicting interests in the trade
had reached preliminary stage. The
grangers were rather quiet in the after
noon, Speculative interest centered in I
the specialties. Notwithstanding the
undertone Of strength in speculation
many shares closed notably lower. The
more prominent We're Union Pacific pre-
ferred, Omaha Federal Steel, Brooklyn |
Transit, Consolidated Gas, New York
Central and Glucose, which were off
from l to rs, while New York Air |
Brake suffered loss of Ia. The |
strength in Pittsburg, c., C. and So. |
Louis was said to be founded upon con-
fidence in the legal position of the mi |
nority stockholders would lead to
the beginning of dividends within a
short time or in the sale |
of the minority holdings in blocks The
extraordinary squirt IN c., c., G. and st. |
Louis was on a statement that the VAN
derbilts had acquired the property. In
some quarters the denial of the report
ed plans of the controlling interests in /
New York Central as far as they relate |
to other railroad properties We're re-
garded as technical The market closed
strong.
Railroad bonds showed considerable
strength during the forenoon and record
prices were obtained In many issues In
the subsequent dealings the market dis
played considerable irregularity, which
continued to the end.
United States old tours coupon and
the fives coupon advanced Is in the bid /
price
NEW FORK STOCK MAEAEr.
Jhr-n