OCR Text |
Show I THE BIGGEST DAY. i A SCENE OF THE WILDEST CONFUSION ON THE STOCK EXCHANCE. $10,000,000 Worth of Properly Chanced Hands Caused by the ISig Rending ileal Yesterday - 'Change Went Wild. i:w York, Feb. 11. The consummation the Reading deal resulted in the largest trading and thel most intense excitement ever known in the history of the stock ex- change. The crowd, at the Reading point at tiie opening w as enormous. Stock sold at To1, nidi on different sides; in the first few minute- prices advanced to 64, a jump ol s since yesterday's elosrj, and an advance of -.!o per cent in a week. In the first hour over 3."4,000 shares of slock changed hands. Tm4-ing Tm4-ing in incoming bonds ivcrr tJli: as largc, anj the. price madi c. ;.y ml (iolent ad-1 vancca than in the stdck.l (ey Cer J and New England each nlvJnTii's'pcf PllfB The bears covered their sliorts in coalers H I the higheat figures, and theit losses arc su I that failures are generally expected. fl Contrary to the general expectation notH failure was announced, and with tlie full H hammer of the chairman at II o'clock tin biggest day in the history of the exchange came to an end. Confusion and excitemenfl was just as great as at the opening. Nol one looking :it that maddened and excited! crowd of men shrieking at the lop of their voices would suppose them to be business men capable of dealing in ?iri,(K),iKKi worth of property in thirty minutes, hut such wae the , use, and moreover the value of Reading st.n k alone was enhanced in value $3,600,001 by the very actions of that excited mob. Il would I"- useless to figure on the money made and lost on today's transactions, nol enormous in the aggregate, but nil the Indt vidua! trades were on a large scale. Wednesday, December 15. 1886, the total reported sales were 1,074,000 shares. This was up io today the greatest on record. By j a singular coincidence tlie most conspicuous ! stocks on thai day were Reading and New England, which were today the great fca-I lures of speculation. I The telegraph operators employed in then exchange to send out the quotations hud tol be relieved every half hour owing to thoj tremendous siruiu upon them, M The directors of tlie Reading, the LehigW Valley and the Jersey Central today ratified! the contract for the new deal. I |