The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-08-28
New YORK Markets.

NEW YORK, Aug 27.-This was an exciting day
on the stock exchange by reason OF the specula-
ton In the Dlstiling ana Cattle Feeding Company.
1t was generally understood at the close OF bust
ness on Saturday that the funds required to tax g
the eompany's spirits out of bond had been prac-
ideally assured and that impression prevailed
at the opening OF business this morning. There
was consequently brief demand for the COM
pany's stock, which sold up to 2.A on the OPEN
ing dealings, a gain OF per cent on Saturdays
Closing
very soon, however, came reports OF a hitch In
the loan negotiations and on the announcement by
Russell Sage that they had fallen through break
to 1855 made The trust people themselves
however. refused to speak on the subject and
traders came into the market to buy at the de-
cine. sending the price up to 20z1 Not Tor long
was the improvement maintained, q very uncer-
tam fesling being apparent among the operator,
IN the STOCK and on confrmatory reports that tue
attempt To make the loan IN this city was a TAIL
ure tue price moved down to 1872 q decline or
334 from the highest OF the morning aud a break
OF o1S per cent from the top figures OF Saturday
Purchases to cover short contracts caused a re.
covery ia the final deaiings OF IA per cent the
last sale being made at figure only ~ below Sat
urday's final price. IL was not known at the closa
OF business here whether the company had gwen
up the night Tor the loan, for although they had
been abandoned here there was a possibility vet
the movement might be successful in the West
and in fact 1t was said some 81 QUO, UOU was Sc
cured in Chicago.
Speculation Ia sugar was fairly active, but some
what fsverIsn. An earlier ADVANCE OF "a was
quickly lost and decline OF 31s was effected on
the sale of e block of the StocN the purpose
Of taking prohts. Ihere were no supporting or
ders in the market while this liquidation was in
process. nor was there on the other hand any un-
favorable news regarding the shares. and
when the transportation was competed the
stock m owed up rs TO 49, with a subsequent
reaction of Us Pc cont, making decline OF "a
on the day Little was done IN the other ind US
trial shares, except the movement which Tesu ted
in an advance OF ia In Aati Il starch. IS la
Chicago Gas FAC IN General Electric and %, in
Lacede Gas preferred. Tobacco sold up per
cent 10 LOT, dropped TO los, rallied TO lO5 ana
closed at lU4, a net loss OF l per cent Lead pre-
ferred recorded decline OF IN.
In the railway list the trading was generally
firm with actual reactionE in sympathy with the
depression In the leading industrials. Most of
tine shares dealt in appreciated In value, and
advance was established, ranging from 1s to Is
per cent the latter In Louisville and NASHVILLE;
ia in Burlington and Quincy. 10 in St Paul,
Denver and Rio Grande preferred, and - In
Western Union. Exceptions were Lake shore,
walch shows a decline OF per cent, ana few
other shares which are Down 1s and "a per cent.
The bond market was unsettled during the DAY,
but the tendency was toward CHER prices The
transactions were large, aggregating Sl,oO39OO.