The times. [volume] (Richmond, Va.) 1890-1903, 1893-10-24
FINANCEANDC0MM
THE CLOSING UOTATIOys or
HONEY.
Offerings and sales at the Richmond To-
bacco Excbange-Internal Revenue
ColIections-Foreign Adviees.

NEW YORK. oct. BIT was field day
for the bulls at the stock Exchange.
Business was heavier than for a long
time past, footing up 9tf,ooJ snares, and
the excitement AT times ran high. The
radical change In the temper Of specula-
ton was due entirely 10 the developments
In the Anthracite COalers' Inc announce
ment that j. W. DAVIS * Co. Stock
Exchange concern, nad transferred 4O,OOO
shares of Delaware, Lackawanna and
Western In the name OF William X Van
derbilt was "A general surprise 10 the
street. IL Is said That the Vanderbilt
Jersey Central interest IN conjunction
with Frank Work, OF work, Strong d
Co., can now dictate the policy OF the
LackaUanna An understanding has
been reached whereby the Lackawqnna
will be operated as new trunk line
with the Lake Shore ana MCKEE Plate
as its Western connexions. Inc Grand
Trunk will not enjoy exclusive privileges
over the Lackawanna hereafter, and
rates are likely % be more stable. So
far as the rrmOr about coal cOmbina-
uOn like the one attempted Dy Mcleod
IS concerned &c IS sdld Dy the people in
a position 20 know, that the vanderbilt
Motley as developed 10 date, is against
- eucb nroceeding Hints mad been
given before the opening OF the road Of
the deal and the early hours OF business
were devoted 10 picking up the Coalers as
cheaply as possible. Nheh the Wander
hilt purchase WAS dlllVAAANNAf lilfN1 ANi
the Coalers fairly scared, Lackawanna
jumping III to 17ll2. Jersey Central y
10 12nib Delaware and Hudson = TO 40.
and Reading to l3}s. subsequently
Iackawanna fell AZ 90 lOi, Jersey Cen
trail 8i5 10 III. and Delaware and Hud-
SON 81 10 1861. On the other hand.
low-priced Coalers such as Reading and
Susduehanna and Western held their
strength and scored the best ngures OF
the day In the final dealings. Reading
moved up nearly z points 10 us, Sus-
ouehanna and Western rose 70 lJfi. In
the general list a feeling or disappOint-
ment prevailed at the opening on account
of the dilatOriness Of the Senate In pass
ing an unconditional silver repeal law.
AT the opening there was recession
of the Coalers soon put an end 10 what
ever homes the bears may have enter
tanned of preCipitating a general de-
cline The Vanderbilts were the frst
10 feel the influence Of the rise IN Lacka-
wanna. and kindred stocks and the
GTangers were a good second, Lake
Shore bounding J.i Nickle Plate ~,
first preferred ;, second preferred "a,
New York Central 2l2 northwestern 10
St Paul 15s. and Burlington and quincy
PIX. Among the Industrials, American
Sugar led all others I'm point OF activity
and advanced from 94i5 TO 9iB on dealings
of II 73l shares. Chicago Gas and Cot
ton oil were also firm, but Dlstilling and
Cattle Feeding shows evidence OF recent
selling for the long account under the
cover of unfavorable reports about con-
eressional action, etc. In the closing
dealings the market was strong. The
net gains for the day ranged from kqD
per cent, the Anthracite Coal stocks
leading. Sales-Listed, $4,000 shares;
unlisted, 5000.
Money on call has been easy ranging
from / to 2 per cent, last loan at l per
cent, and closing offered az ] per cent;
prime mercantile paper, Gas per cent ;
bar silver. 1874; Mexican dollars, 5s%.
Sterling exchange steady. with actual
business in bankers bills at 4S2Qis2H
for sixty days and 4S3&qisi for demand;
posted rates. 4S2h and 4sii2; commercial
bis. ASlLG4SlH for sixty days and 4o3A
94S8B for demand. Government bonds
lower. state bonds dull. Railroad
bonds buoyant Silver at the Stock Tx
change was neglected.
Treasury Balances-Coin, $jj,3S5,OOO;
currency, S1l,219OO0.