New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-28
CHASING Prices OF BOSTON SIUCks.
WHAT WAS DONE IN STOCKS.
TburSdnv Oct Oh

While there was no serious falling OF in me
volume Of business AT the Stock Exchange 10
day, only few stocks were active. ReadlnS ana
New En- zland alone f1rhishel nearly ohe-haii VI
the total transactions. The first was compare
lively strong, but its extreme fluctuations Were
within raree of per cent and losing IN the final
dealings TIE early improvement, the stock closed
at the same point at which it rested YESTERDAY
For the advance there was al excellent resSoh III
the postponemcnt OF the New-Jersey SUITS asdliis'
tho anthracite coal combination and in the
amendment of them by tie Attorney-'eneral oil
tho St,te This was substantial victory for the
Reading Railroad, and the only wonder was that
lie stock did not respond fully TO this first
success TIE subsequent weakness NAV have been
caused by the action Of the sales agents OF INC
coal companies who decided IL favor oil q sniIp
restriction Of the output and agalnst 1prtAer
advance in the price Of coal anu W." in
deed il preceded il If the transactions In heal'
ina are reduced to full stock. Apparently the
advantage which will accrue TO the He"lhhsland
from the coinbinatiyn between the Reading ana
the Boston and Maine railroads was con-idcrcl
prob ieinaiical, because the stock slowy declined
from the very opening. 1Ac president u inc
Reading and Boston and Maine railroads -
authority for the statement, however, mat all
the secrets Of the deal have not yet been re-
vealcd Fresh surprises promised but ~ l.
10 be hoped that they viii have q more favorable
influence Oh the market val ne Of IN" ~ ok In
the time. predictions about inc franc Wnicaa
viii I've thrown over the New England llnc ana
about the heavy earnings which il Will produce,
are entirely in order
Apart from theye two stocks the most prom,
nent feature OF the market wac the feyerlsh
activity in Distilling and Cattle Feeding Under
heavy realizing sales IL fell nearly per cent
and, after a quick recovery OF about 2 per cen',
il closed at It's lowest point with comparative
loss of , "a per cent The selling was Tor the
long account, but it was not clear that me move
ment was not speculative coup Designed 70 Or
side In this stock and, III fact in the general
market there was little selling for the short ac-
count and thss was wnS by snsf' Tbe
ket suffered from liberal roalizations apd not
from besrsh attack The closing was feverish
at about the lowest figures but the general de-
clincs were rarely over 10 per cent
THE DAY IN THE BOND MARKET
Government bonds remained neglected, but the
market was steady at these quotations;
;ss:s az ss; ys::; cur -
s.; H5
There were no transactions in State ISSUES, and
the only sale Of city bank stocks was Merchants
80 az ls9 "a. ,
ter business was done 1t was widely distributed
and no issues were unduly prominent. The move
mont OF prices irregular, but the most
important variations were advances. Phladelphla
and Roading Issues were quiet and strong and
the income bonds retained gain of IA per
cent. Northern Pacific consol IS closed l-2 per
I-4al-2 per cent. and the final declines were
exceptional and insignificant Reference is made
70 our full report of bond sales
Money Oh call continued to rule at 8 per cent.
Renewals were rlade almost universally at that
figure The supply was abundant, however. ana
the late loans we're At per cent
The Clearing House statement was as follows:
Exchanges. 81 80, 621, 773; balances, $5,154,ls1
The SubTreasury was debtor TO the Clearing
House $685., 007. It's net less on balance was
S2Gl ,3G5, made up by a loss Of $265,j4S in com,
loss n cain of S3,97s in currency. The day
operations included: Receipts, S2,559.ls So; pay
n,ents, s., s2O551, resulting in general balance
OF 81 iG,722 $40, consisting Of $ll27G', OOl coin
The United States Treasury at Washington
received today S23l $50 National bank notes Tor
Thn customs receipts were S75j,345 the internal
revenue receipts SGjG,16", and The miscellaneous
receipts $l8,403.
cash on hand and deposits in bank compares
with the figures of the last previous statement
as follows o.o- n,co
Ne s siipc o" on nd 29o5o@s 5a7i95 Inc 29i4s
S cs l hand 'c'os' ss'ea5 5,92oio $4,000
actual cash IN TIC
Treasury vaults
DsSs. s,ns sss iSs i bss sSa
Net cash Gil o@4 Slii-SG 442 Dec. $32f6
The foreign exchanges were qnict and steady.
Although there will he no fast mail until Sotnr-
day. there was moderate demand for remittance,
while the supply of commercial bills was not
greatly improved There were no changes in
quotations for actual business: Bankers bills,
81 SO and 81 So 3-4aS4 Sc for long and short
sterling respectively: French francs $40 So and
5.l8 Is; reichmarks 80 and - -.
FOREIGN MARKETS
The governors of the Bank of England at their
weekly meeting made no change IN its minimum
rate Of discount, which remains at per cent In
the week the bank lost $3.50, 600 bullion. but the
proportion Of 10 liabilities WIS raised from
fO.Gs TO Al35 per cent, against an advance from
I7.Jj 70 3!,J2 per cent in the CORES pOndin- wcck
last year. when the discount rate was raised | per
cent 10 per cent. The bank to-day To- 3 f3Si.-
600 bullion ON lalancc ~ the L.Ondon Ntncl