New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-02
WHISKEY SHARES RALLY.
SPECULATION ~ TIE STOCK HIGH
LIQUIDATION AyrgrrD BY \ COMBINATION OF


INTEEEs1S-TALE OF EECoN-TIucTioN'
The speculation In Di,tilng and Cattle fe'Nl"s
soc, the stock Exchange continued 10 III" ne"
yesterday. IN" tJlal SALE, for the dnN "''" i'''
81 ,harr- The opening was excited "t 30 'I'''
50 - At Tuesdays clos. and heavy liquidation eur
rcd the price down 10 D. the lowest point yet rtacneu
On The downward movement. Hood 81 chicago
orders then turned the tide. and before the 'Acha"s'
ci.,rd New lork buyers were active III Tue marh"'
Dsiiilne allicd TO 40. and then fresh sriihe move
mcnt carried the quotation T. - 20, "mch sho"'"
a net advance OF = Ii per cent
The rally in the stock brought forth no "Nplaha
ton from the Offices o. the Di,ihng company I"
reply the charges that the assets ana rrbh'e i'"o
ol the COMPANY nave been used up III 'pccnlaliohs
ia the company : stock and III the prOdhcla VINO"
are handled hy the company. Tile treasurer VI '"'
company was quoted in Wail-s'. as lhVhg ioia Il
friend that the company had not bought "hlshcy OF
hiGhwluc,, and lad on land only III" lTmuc'S "h''
by itself. 1t wa, also declared that the Managers
of the company did not fear Congress investigations
II This Ie true The inquiry will meet general Satisac
ton for the friends pf honestly managed industrial
enterprises, well the men cflpphN w ih'cN'-
mcni, in Whisky stock, are anxious Tor an eA-
posture OF The manipulation which has scandaiiz'd the
stock Exchange. II Is hoped that III" prob" VIII
bc carried far enough to reach any high Democratic
politician, who may be suspected Of completely In Ia"
disgraccfnl IDEAL
II WIS impossible to verify the stories that were
boating about in explanation OF TIE rally III the aJck
Those persons best informed agree that an important
liquidation which mcnaccd the market yesterday
morning wa, av,rtcd, or at least postponed. by an
important combination ct large Hebrew banking
holsrs \ secret conference WINS held on lu"HdtJ
night and cO-opcrI;iJn agreed upon Ia cndcav0r 10
stay Tho disu,tro, decline. The result The story
rms was that |. a. =. WOrUser kOln, Pepper Go.
and other hoiIscs were large buyers yesterday. II
f. also said that j. Il. Grecnhn the president oil The
psriIling and Cattle feeding Company, joined Tie
buycrs and that James Il. kcene. who had the
management Of the old bull pool. had also cast his
lot temporarily at least. with tile Hebrew element
InuOttant assistance Is said 10 have been given hy
concerns which have heretofore had no connection
with Disiillng stock. SJmc Observers cOntended that
Mr. Kcrue's purchases only to cover short con
tracts and IL Is not yet known whether the new
combination formed Tuesday night Was designed
merely 10 moderate the process Of liquidation, or had
determined TO make Il vigorous fight 10 wr'St The
control of the property from the Western DIRECTOR"
who arr. charged with mismanagcmcIt aud bear manpu
laon.
II j. not impossible that the capitalists left loaded
with "Wniskcyr stock after the collapse "i the niE
lul pool may attempt to reconstruct the company
os vns done I'm the case Of the old Cotton oil Trust
Unless the managers Of the Disting Company hay"
stripped lis treasury bare II j. believer ,E'' ,n'
propcriy In III" hands OF of standing ana r"puh
lion may IL, rclHlilItat'tl. ana lis business may ~
conducted camaicly in the interest of St0ckholfrTN
Iu good faith. The clement which i talhing oi
may, nu.ut I'm this direction may receive NIlllh" ~
formation from Az honesty conducted Congress Ia
NcStgatlOU.