New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-24
WHAT WAS DONE IN STOCKS.

Monday,
The magic name of Vanderbilt was used 10
coniure with In the stock speculation ."-""''
Tho strength Of the stocks with which this in
terest is identified and the rumors tfat inc lam
uv had established a new influence In the an
tbracite coal situation suficed TO increase deal
inys in the general market and encourage Dun
aggression in numerous properties. III mat
tered little that the higher prices were reacheu
through q further large reduction in the shor'
interest: the name of vanderbilt IN coh"eO
tion with stock operations was hearu ioi '''e
first time in Wall Street in many months anu
courage came to the cliques which nave pee"
responsible for the narrow market OF weeks
mast. The announcement Of the transfer %
40 900 shares of Delaware, Lackawahha anu
Western to William X Vanderbilt Is cohsiu-
cred only the prelude to disclosure VI ih'e'o''
that will exert important influence upon the
future conduct Of the coal trade and the mar
monious relations Of the trunk lines. This STOCK
has been carried by a well-known brokerage
bouse for months and IL is not certain that II
NAV not represent amelioration OF past panic
conditions. Nevertheless, the news OF the trans
fer stimulated a rise in Lackawanna, on smal
sales of nearly Il per cent At the extreme.
central OF New-JerSey, WHEN had Fresiousiy
been enormously credited with cohIruI % iaoha ma
wanna advanced per cent, ana Delaware anu
Hudson and Reading rose more than per ceh';
Unusual interest was shown III thc ioW-Piiceu
solvent coal companies, ike New oik, Sus-
ouehanna and Western and New-YOlk, Ontaio
and Western The promise OF new coal com
bination that would escape the cflucisin OF thc
courts drew speculation to all lines mat shaIe
in the marketing Of anthflcite fuel. Inc sh'iip
advances in Lake Shore and Nickel Plate
stocks were incidental to the expectation OF
new traffic benefits from an alliance WIN
LackaWanna. ,,
In none of these stocks which were the leaders
in the upward movement was the scuvity large
except in Reading. But their influence was
awaited Of by the friends OF specaites. american
sugar Refining was far and away the most
active stock on the entire list and after sur
fering a reaction to S4a me UPWARD conrse
gained only q per cent. and Dstlnns ana
Cattle Feeding met sales that lowered the price
from 81 TO 49, Even in the Changers, where Il
renewed rush was made to cover shorts, ~.
paul gained only q and the other members 81
the group little more than per cent. Inc
eject of the increase Of $ll7,HO In gross earn
ngs for September by Cnicago ana NDr'nw ,1,
ern was lesscned when 1t was explained mat
this years earnings included results from NIL
waukee Lake Shore and western winch. In
September 1892, reported gross earnings OF $426-
az The relative decrease Of both roads would
be s30s S07 But the net rice In New YORK ana
New England-las per cent-edualIcd mat IN
Western Union, and mere were suGntanuai
Missouri Pacific. The general market wavered
at the start. in view Of the character of the
compromise proposed on the siiVnr question
by the Democratic Senators at Washington
The sneculation however. could not resist the
example Of the stocks which were the real bull
ca rds NJ the dav Hence the closing was strong
and confident, even If last prices showed recess
sions from highest points, and traders who had
hurrahed on Saturday for compromise were
arguing that out Of the failure Of that plan
must finally come unconditional repeal Of the
Silver Purchase law.
THE DAY IN THE BOND MARKET.
There were sales Of $4,000 Government Is at
Ill at the Stock Exchange. but the market
was easier and closing bids and offers were
reduced a per cent. FOLLOWING are the hnal
quotations:
Bld.Askcd BID. Asked.
w. s. lLs. 1891. ., u. 'os lsoc',C2
20 ltinued at S'ouIos So ~