The Minneapolis journal., 1905-08-22
READING STANDS
>, IN LIME LIGHT
BIG COALER THE CENTER OF IN
TEREsT ON 'CHANGE.
Enormous Deals Mark the Mornings
TradingE Afternoon Trading in the
Same Stock Is Marked by Feverish
Fluctuations Changers Slightly AZ
fected.

New York.. Aug. 22-Mberal offerings Of
some of the leading stocks that showed heavi.
ness such as Union Pacific, Atchison and United
States Steel contributed a to ger generally an easier Ter
day Reading was dealt in enormously, the
first transaction of 5000 shares at 115B show
ing an advance Of N per cent This, however,
was speedily iost and Great Northern pre-
ferred also yielded point.
Buying Of confident character was limited
to few stocks In which special considerations
figured. Trading operations were frmer IN line
with the movement in Reading, the predomi-
mating OF that stock in the market furnishing
an effective leader for the remainder Of tho
Very few of the recognized favorites exceed
ed fractional range in the first hour, but by
IL o'clock the average of prices was slightly
above yesterdays close. Large blocks of Read
ing changed hands constantly, and 1t rose 3b
to 11SA. The Smelling stocks were also bought
confidently, and Missouri Pacific was likewise
In heavy demand. Gains Of 1 to ~ were
made by Missouri Pacific, American Car pre-
ferred. Lead and Biscuit preferred. Hooking
Valley fell of point.
Reading reached 11sh, gain Of ~, before
to 117s. Advances meanwhile s T in other coalers
had been moderate, outside of Baltimore &
Ohio, which rose 1@. The grain carriers be-
it's top, and they broke sharply later when
Reading slumped. Prices generally relaxed be-
low those prevailing at the opening, and Union
Pacific, Southern Pacific, New York Central
| Pacific, Delaware & Hudson, Sugar, General
Electric, Colorado Fuel and some others were
driven to III under yesterdays final figures,
| and Great Northern preferred e. rally in
Reading to 11sh steadied the market somewhat
before noon. Bonds were easy.
| Feverish fluctuations in Reading restricted
| trading and speculation became dull. Fresh
selling forced Reading down to 117% before
! 1t began to be absorbed in confident way.
Before 1 O'Clock 1t had beaten its record price
| of the forenoon and had touched 119ts with a
| subsequent setback of point. Delaware & Hud-
son sustained loss of 21s. Stocks otherwise
| showed little feature and the western group
reaped very little of the losses.
Individual stocks reflected from time to time
the benefit Of the buoyant rise in Reading
Late in the day the Eries were heavily bought,
| and the common and the second preferred
reached the best prices in It's history. Reading
huctuated nervously between 11eA and 117A,
with the ruling price 1854 at o'clock. st.
Paul, Union Pacific and other western stocks
moved within exceedingly narrow limits or were
practically neglected. Lackawanna moved up
| Ing seconds and Erie and the second preferred
1 to III. Wabash preferred ran of IN.
! Erie to the Front.
Erie supplanted Reading in point of inter-
est in the closing hour. Blocks Of thousands
IN to 51h. The first preferred advanced over
| a point and the second preferred 2N. In the
meantime Reading was sold freely under cover
Of this demand and ran of about points from
were strengthened, notably Pennsylvania and
| Ontario & Western the latter to 81. Dealings
were confused in the general market, Northern
Pacific dropping nearly g. points while there
few OF the other stocks which had been weak
earlier. The closing was irregular.
Stock quotations reported for The Journal BY
| Watson ~ Co., brokers' Chamber of Commerce