New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-01
uu1SKEYTRUST GOESLOWER
GENERALIZATION OF ITS MARKET PRICES.
proNINENT OPERATOR L.orIDATING-
.u.pcES OE WESTERN TREASON

,rovrxEST OPERATOR L:orIDATING-
cu,RGEs OF WESTERN TREASON.
n affairs Of the Disillng and Cattle Feeding
-, commonly known the "WlEssey Trust "
Ian forced npOn the attention OF Wall stree" by The
,,ued prominence of the speculation In the stock.
was les, excitement In the dealings at the stock
h.,cc Yesterday, but the price tended irrcslstbly
nr.rd The crowd OF brokers who had orders In
,.,h ot the opening OF the board was enormous
,ho first prices AZ and Al simultaneously.
~. were rallies through the day, but no check
NV s,on 10 the downward movement and near
W" Ia sales wero made OF 900 shares Mt 81 Is
-oo sbarcs at 81 5000 shares at SO To and lC0
80 NJ SO IS. The last price showed loss from
wo,davs closing quotation of 3-s per cent
rs.yrotiv, men in Wall street amazed NJ the de
u,o,ion I'm the market prices OF this property. for
-. er., quotations yesterday represent splitting in
NV q, the figures which the stock sold at few
u AGO. The ouprnring OF stock yesterday Is
~ '''hcd 10 liquidation and there were reports that
s ,nnor,ant loans were refused 10 borrowers be-
s"" ,,sro was 100 much "Whiskey Trust" In the
''m.,srol. Tho "pancky' condition OF holders Of
:. s,ock affords an excellent opportunity Tor excuse
- ,hs throwing out Of the stock.
"a, hear faction made the fall In Dlstilling an OK
- ,or attacking American sugar Refining stock,
s,h was crowded down nearly per cent. The
.n,, WAS extended to the railway share list. which
1 sorresscd in spite of the earlier strength shown
va" IN the weakening rates OF foreign exchange
,hs absence Of the usual indications that gold
81, bo shipped on saturday. The late sudden
400 downward In DistillinG stock was said after
49, e,ose OF the stock Exchange TO be due to hqui-
S,on Of n prominent operator who has had much 10
- 18th tho market operations In sugar. This opera
" e. known TO have admitted n loss on previous
,...s,men,s in Distlng and lie held to his position
I'm nc was reported Yesterday. he abandoned any
-, IN stem the tide 81 unfavOrable news &c
nsc,,nc the Dstilling Company
ras jmpoSSble to find any one WHO WIS III ii
..1',on 70 speak regarding the condition OF inc
o.s ~ the Distilllng and Cattle Feeding company
Nv =, the Western directors we're said TO he OUT vi
Al "a ond while President J. T. Grcenhut was re-
- IN he in the city, he could not DC redoh'".
~. crash IN Disting stock. according to inc wall
i ,oo,s WAS the result OF a betrayal OF "h
$50 noo, IN the stock Exchange by western
,o.o-s There have been charges that the conpan!
h.us.ed a., finances by an attempt 10 secure con-
..n, o, the whiskey and spirits production or INC
nn,rr in the hope OF favorable legislation by Con-
...s The names of men high in Democratic as well
- financial circles have been mentioned as Doing
'.,.uos,.a IN the bull scheme. The basis Tor inc al
os conditioned upon the idea that by radical
,.,on ~ the ta1if the needs OF the incoming Al
,,,,ration would compel great increase in internal
r.nne taxes The men who worked the scheme are
ad 10 have gone far as TO wipe OUT al ue tna 90
able funds Of ss bed a rebates for customers who
s sov their supplies from the socaied Wn>hes
an effort 10 w sne the the PSs O. eonon
-. ~ nctllIrc and Cattle Feeding Company Is not
VI worse s than ii is supposed TO be by common report
~ ascertain tie facts an organized enor az inVesll
~ a." 4; needed on the part of stockholders ana
ssaasrs Of rebate checks. 1t is possible that this
work will be undertaken. hnt as yet 10 person asc %
nroninence has taken the initiative Inc pr0p4Sedd
vestica,ions of the Congress Committee are hailed
with delight by investors who have been swihaeH oy
the collapse Of the pretenNi0ns maze Dy 'he Pooi
which numbered among its members men whose word
ba bereioiore been accepted as being g0Od as Dohu