Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-04-13

Fluc tuations in Whisky Trust Were tn
Feature of the Market


New YORK, April 13.-Cattle feeding was ahe
stock exchange. The few first minutes OF
trading it sold 5000 at 27sl. Ii was impossible
to get the first sale. and the official opening was
given at 273. The stock left of at 90 yester-
day. The break was due to the announcement
by Presiden. Greenhut in his annual repor,
that the concern has q floating deb. OF over
$1,000 900 and that it will have to issue bonds
to carry on the companys business.
In marked contrast to the heaviness Of whisky
was the buoyancy Of Manhattan.
The stock opened 21S per cent higher at 16g
and then jumped TO 17015. The rise was due
to the favorable action of the rapid transit
commissioners yesterday. The general list was
inclined to weakness, owing to the talk of heavy
gold exports.
The excitement in the market consequent
upon the break OF two points in whisky to q
and the rise of four in Manhattan to 17O% SUBJ
sided soon after the opening. Whisky raj
lied to 70 and Manhattan receded to 16S
National starch broke 81 to 211z and recovered
to 3D. National linseed oil broke * to $751;.
The general list yielded 4 to l per cent, the
railways being relatively firmer than the in
dustrials
Toward IL clock drive was made at sugar,
which sold down 20 102H,a decline of IL.
The dealings were confined almost entirely TO
the room traders who are bearish at the moment.
The market has been feverish and unsettled
since IL o'clock. As u rule, however. the
fluctuations were slight. Manhattan rallied
from 16S to 1862 Missouri Pacific was
pressed for sale and declined from
50X to 511k. Distillers was also heavy,
touched. Lake Shore dropped l to 1914.
Lazard Frercs state that they will ship million
dollars gold on Saturday. At noon the market
was weak in tone.
Money on call is easy a. 4; prime mercantile
paper Cat per cent. Sterling exchange is firm,
1868 for GO days, and 4SSs4SSL for demand.
Posted rates 4S7a4S9; commercial bills 4S51a
1917.
The clearing house statement for today is as
follows
Exchanges, S115, $50. 796; balances. s.. $50 oos
The subt-easury was debtor at the clearing
house today 81 .673, 95S. Bar silver. S2s4; Mex
lean dollars, 65L. Government bonds have
been steady, stale bonds have been dull rail-
road bonds have been dull and lower.
BIG JUMP IN MANHATTAN.
The decision Of the rapid transit commission
ers to permit the Manhattan Elevated Railway
Company to extend its line along the western
boulevard and in other directions had Its ex-
pected effect in Wall street this morning and
there was Dig rush 20 buy Manhattan.
The stock jumped four points to 1918 in the
first few minutes after the opening.
Then the quick sales and small profit
people began to sell a nd the price fell back
to i68
The change came quick that the bulls Of
one minute we're the bears of the next. and a
great deal of confusion resulted.
The check to the upward movement was given
by ru,nor which stated that the Manhattan
people would not accept the conditions i'm
posed by the rapid transit commission, and
that no advantage would be taken Of the pro-
posed privileges until the conditions had been
modified