The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-17
SHARP RISE IN BURLINGTON.
Dividend on That Stock Helps
Other Changers
Rumors Depress Whiskcy, but the
General List Advances.

fair volume of business was trans
acted at the Stock Exchange and the
temper of speculation continued bulllsh,
although there was an entire absence of
excitement.
The fact that the earnings of the st
Paul for the second week of August
came In at SOIL. i2i, against sjO6,3gi last
year. an increase Of $3.50. stimulated
purchases OF the srangers AS well as of
the other stocks, as 1t is an additional
evidence of the recuperatIon in business
In progress throughout the country.
Perhaps when the Burlington a
Quincy directors act on the dividend
there will be livelier movement. AT
the moment operators are hoiding on
to see whetner the rate will b. IA per
cent, as formerly, or whe,ner a reduc-
ton to per cent. Will be made.
In the att,r event. the GEARS would
probably make a urivc at the Western
shares, but the bulls say they will fur
nish support II neeoed. and tnat the de-
cline, should 1t occur could not be of
long duration.
AT the opening American Sugar fell L.,
TO 40. u...iie ,Jn ~ QLinCy u-s. to - l-s;
st. Paul ~. to So is; Rock Island - to
I'd 3-s; Disthlers "a. to "a IL; Louisville
cihc IL, to ~ ia. Later American To-
bacoo rise |, to Nc: America sugar rs. t.
i0S i-S: Canada Southern -, to 50 L.;
burlington n Quincy is, to "a IA.
GO o-S; Rock Island rs, TO u Ia: Distil-
iers rs, to 81 Is. General Electric b-s.
TO ~ L.; Lead pref. l-2 to 81 H.; Omaha
rs. to SO rs, and Reading IL, to 1884.
1t rs now generdny ne,ieved that the
Whiskey Trust has raised the money
needed 10 take goods out of bond. The
loan Is said to be for $6,OtO,0U.
wee Presiu.ut b,ses says that orders
for whiskey are coming In on large
scale. and Il the Company has ten days
before the signing OF the Tariff BIN
of bond. The present Western price OF
spirits, viz. SIS, IL within three cents
| OF the figure reached In January. 1893,
when there WAS talk OF an Increase of
JOc. In the Government tax.
According to Chicago special, with
| in twentyfour hours the Whisky Trust
viii take out of b md At least 400 bar
and Calumet distilleries. which belong To
the Trust here. applied yesterday tor all
| the gaugers thst could he furnished To
regauge the stock About one-sixth, of
| out to-day or tomorrow"
Bar silver In London unchanged at
% i.td. per ounce. ., Commercial bar
silver here sold at So IL and Mexican
| Money liz l per sent. on call and a
per cent. for time loans running four IL
| seven months.
Foreign exchange, II anything. is a
| little steadier at 4.S4l-i a 4.S "a for
bankers 6o-day bills, and 1856 IA 4.s6 l.:
for demand TIE inquiry for exchange con
tlnues ligat. owing to the heavy settle
ments made in July.
The imports Of dry goods at the q ,,i Port 90,
OF New York for the week we're S2,U3f, @l
and the amount marketed 81 ,6o6 1870. Fol
ports were s2,i57e0O. and the amount
mar 1eted 81, 7I6, COZ
Shortly, before L., o'clock, a rumol
4 Quincy directors had reduced tn,
quarterly dividend to 1 per cent, an
the bears jumped on the market, Prices
however. yielded only fractlonally, ant
was premature. speculation becam
dun. At 1880 p. NJ, It became know
that the dividend declared was IA pc
as This w ssron the sS
from 70 Is, to "a "a, Rock Island, from
Ca to s7l-s and st. Paul. from g. t.
The rise would have been greater bu
for a heavy selling, movement in whis
key. which carried that stock below 20
Handy s Hartman VII s shiP 1SS'o (
Co. 100000 ounces and Muller, Schall
Co. q, 600 ounces OF silver ON the steame
Etruria, sailing tomorrow.
The evident attempt OF certain Bostol
houses to take advantage of New Yorl
on the Burlington dividend matters wa
the chief topic Of discussion this after
noon. The kilograms that the Burling
ton directors had reduced the dividend
which were denied a half hour later
proved boomerang to the bears. a
when the news came that IA per cent
|, had been declared. there was a small
sized panic among the shorts to ge
their stock back.
Burlington & Quincy sold up on heav
transactions to 1914, rise Of 3 l.
from the lowest of the day. Rocl
Island advanced l "a. to 6S l-S; st. Pau
IA, to "a IA; Western Union 5-S. to q
and Missouri Pacific Ia. to go Dis
tiilers was a notable exception. declin
: ing to IS "a on rumors that certai
persons from whom the Trust expecte
to receive money had refused to max
advances.
The sales Of listed stocks were 90. 90
shares. In the unlisted department
400 shares of Sugar and l.toO Lea
were traded In.