The times. [volume] (Richmond, Va.) 1890-1903, 1893-12-21
OBSERVATION-DISCLOSURES
THE CLOSING oUOTATIOys or
MONET.
offerings and sales att Richmond To-
bacco Exchange internal Revenue
CoIIections-Toreign Adviccs.

NrV YORK. Dec. 2o.-Distilliug and
c,,,Io Feodtnc. was the features of the
share SPECULATION to-day. The stock open
cd at III rose g. - ufoppeu 70 -
rallied 10 49,. fell back 70 2iii. and re-
covered 10 2'tg-fa5, ~ ~ on sbsyes
on, ~ a tota1 for the entire iist Of .SitrS
shares The early break IN Distillers was
due 10 reports from washington that
Secretary Carlisle ~ouin not recohnepu
any tnrr.a1, i'm I'M, tax az distilled spirits.
Liter v-hen this was refused. the pub
ilcation OF the Secretary's annual report
advising. an additional taxing Of 10 cents
per gallon. the stock rauled soarplN, as
noted above. Covering OF snort contracts
had something 10 do with the rally at
tho time The rise. however, led 10
fresh sales for both accounts. General
Electric advanced ~ 10 ]S'i, fell 10 JVe'
and recovered 10 "o's' Stosl'S W..
circulated To the effect that the system
was 10 be disintegrated, ana that the
conditions existing before tho cOnSOllla-
ton Of Edison ana thomson Houston
companies would again prevail, 50 far
as capital. bonded debt, etc, etc, Is con-
cernod General r.irctfie officials here
ridiculed the rumors. NeN England hrst
broke 10 1917 under H.aFy pressure
of stock. but later rose 70 ~. on duNlcfa
FROM Postop to the effect that the money
10, Tho Lamar, interest had been deposit
cd in hank THE Nandcrbilts were not
specially infusnccf by the statement
issued bV the directors to-day. Lake
Shore gained y and New York Central
D. per cent. FOR the day while Michigan
Central declined "a ana canada southern
O.. pcr cont The hrangers were In bet
ter demand and The best opinion IS that
"A big short interest WAS covered up 10
day I'm general Secretary carlisle :
accommodation about bond issue Al
"a lower rate OF interest mad strenEthen-
in,. influence. I'm inc last hour there was
n fresh selling ~ Louisville ana Nash,
vile. Atchisou. and Western Union. ana
these stocks ,onchoh thp lowest bg0YeS
for some time ON the other hand, Gen
eral Electric and New England We're
better supported. me market cioscI
irregular Compared "lo Ees'v,"aE :
finals prices show gains OF = 10 - per
cent. the latter in New England. thicagO
Gas Northwestern. LOulsN.ie ana Nash-
vile. Westeru UuiOn. Union Pacliic, ana
I,ineeed oil declined = 20 rs per cent.
In the specialties. Rio Grande. Western
feu IN ~ American Tobacco TO 12ia.
and Pullman TO tGs Railway and mis-
celIaneous bonds were irregular. or the
total sales. 1900 snares were unlisted.
Sub-Treasury Balances-IOln, Sp-,-pb, p
900: currency, S2S, 42o,poo
Money on call has been easy, rah5ihh
from 1aIib per cent. last loan AT ~ per
cent. and closing offered AZ ~ per cent
prime mercantile paper. 1rld+I per cent.
bar SILVER. IN, Mexican collars. Ioi2. Stei
ling exchange is easier. with actual busi-
moss i'm bankers' bills at lNilad ~ Tor
sixty davs and ~ for demand. posted
rates 49, IS ~. rorfiFneFcl TAI bllls- u.
d4SHt for sixty days anu tN.Wf'"' ioi
demand. Government bonds steady.
state bonds dull Railroad bonds lower
SILVER at the board was neglected.
A