New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-31
"WHISKEY" DROPS AGAIN.
RCMORS THAT THE TRUST - IN I'M"
RAPID FLUCTUATIONS ON THE sTo'h
cu,ycr-LEss T,Lk OF OPPOSITION by

RAPID FLUCTUATIONS ON THE STOCK
cu,xGE-LEss r,Lh OF OPPOSITION BY
INDEPENDENT DI-TILLERs
Wall s,rect received ano her object lesson IN s'och
uoninuIation Yesterday and the cost Oh 'io ca
pcriment TO the speculative lomDS WIN p -
trust I'm Whiskey" can he figured Dy H"''"' "
thousands Of dollars Not all OF inc ioSero' INV
ver can properly be called lambs for several of
those who were shorn were, TO follow O"' 'nc "o'
omonc fine Oldest ana slrewdest sheep III '"o
sircot II K scarcely month since the "hisNes
Tr.t- declared a dividend from its earnings Oh U P'F
cent In spite OF this fact the report was p'. i" W.
cnlaton Yesterday that the Ds'ilhhg ana O'''uo ~
lnc Company was in dire Distress anu "e'c "''
rllmors Of an application 10 be maue 10 '"c 'o '. Az
thc appointment OF Il receiver. 1t was said 'i'' W,
,r,s h,d ACQUIRED such large stock Of spirits ana
had spent 80 much money in purchasing It's nVe TIC"
dStillcres that il had used up the cas-" o" ''', "
Guiding nearly S2,oJ0,00) in rebate iupu' "e'u ''
buycrs and created floating debt In ahdito Vi o'e,
800. 600. In consequence OF 'hS 'o' .,
oGnirs 80 # was reported the directors on Sat"ru's
susnondod noymcnt of dividends and announced 'hat
This action was taken for the purpose Of making eo'
IN, rebate fund which j. practically uUs' i'''" i'
| tho benefit OF the customers OF the corporaNo' "
for di sclar, ling the flea Ing debt. when tie uiNu
| was declared four weeks ago the olciai S'"'o'"''
was made that the company held in It's treasury
| - 900 900 in cash.
rr e..cr nancy between these two statements was
no; one that could lie cxflainei away by the brlef
d clamcr Issued by The officers In the FORM Oh ~"
llor 10 the stockholders Of the corporation ana wien
tho stock Exchange opened yesterday uerc "a'
rush to sell Tho Official figure given for the open
ing was A. but the excitement was so great anu '''c
| collopsc of the stock 80 complete, that sales were
| male rs low As 80 almost at the same instant Ing
| close ON saturday was A.. After INC hrS' "ui''
prices recovered somewhat and mp to noon huc'uneu
| between ~ and 80. In the afternoon the ra'eo
| from iOI2 TO A. the closing figure. lHe 'o''i
! ,os or,o.n,cd IN 1I31Oo shares within the pres
en-, month the stock has sold above g. end IT Is COM
| n,onIy rrpo.icd in Wall street that :. '. Nm'' "ho
! IS thought 10 have bccn large purchaser acquired
his holdings at average of t3. NJ what hsu'c "c
di>poscd OF them Is not known. James H. hcenc'
who T.. said 10 have lcrn a heavier buyer even thnn
Mr. White /, thought to lave got rid OF his hoolhs'
last week or earlier. before prices lAd taken 'hP''
| final downward lump. There were rilhOrS ~ u'c
close yesterday that another poop had been FORMED
| to force prices mp acan.
The feeling in Wall street against the MANAGEMENT
Of the Whisky Trust Is decidedly bitter. and taR
has been revived Of the dcslralility OF taking the
| stocl from the lists OF the stock Exchange pc'l
nu nakiur rrulcSt for such action by tn Ovln.ng
| committee of the Exchange placed In clr udilo
some tinc ago, but did not then meet general laNor
| Perhaps a more general response could be obtainei
now. Action looLins toward an lives iea IN OF IN
company's affairs by committee OF tn' 'H'""
state, Congrc,, has already been taiea IN Washing
ton It has been suggested, however. that the spec
ulati\c ventures of the officers rather than III" man
agcmcnt Of the corporation deserves tae closer at
icnllon.
Regarding the reports OF an application Tor a re-
c,ivor,Aip a mnu well ycrscd in the affairs OF tl'
company said yesterday that there was not M slgh'
| est possibility Il such thing. lie declared ina
The concern perfect solvent, and stood ready
| all time, pay II, rebate checks rs last ~ th'N
| f,I due. The rcbat" j. AT the rate OF = cents i
| gallon. and l. Iayall" n the "nd Of SIX moths I
| MI customers VINO show that they have no
| bought spirits or high wine, from other IMAM IN
| ncrr,ditcd .ccnts II tie trust lac amount .
these rebate, standing at times l. sald 10 feaci
~ 90 900. rni, money is deposited IN ihe I'rhall
American Bank. Of Peoria. H.. ana one OF tn' com
plnt, Of the Is that II l. h0' KEPT III uua
| : In som, Nrt,- trust company where the Gu ca
can De- certified To. , &, ,,,o,,
TIN. action of the trust" saturday IN reducih
| tl,, rrirr Of spirits u cents gallon nhs served u
uojlifv the feelings OF the cOnsnm,r' VINO nav" thra,
rrnd to purchas, opposition ds illcreS FOR taer OF"
us. and II + rot likely that they vi take any actor
| In the matter at present. They have options, nov
| .ycr ON three discrirs. with an nggr"git" caIa'i
| of 40 900 gallons II day, which will lc ayaiiabic
: rn .d on +, brunry u. Thc,r thr"" dsu irle' IL
| sid could supply the Ncw-lork market