The evening world., 1894-08-15
WH|SKEY GOES DoWNI
Trust Sac to Need koneyto FREQ
Bonded Spirits.
Sugar in Great Demand In IN.
Early Trading
Prospect of Prosperous Times Con,
orally Helps stscks.

The bears tried hard II give the mas
ket black eye this horning. Price.
opened lower in sympathy with a de.
cline at London. but 1t soon dawned
upon the minds of operators that the
drop there had been engineered from
this side, and once moe the bullish sen.
tlment became quite pronounced.
There is a growing belier that the
settlement of the tam controversy will
lead to brisk revival of trade ana
bring prosperous tines both In and out
of Wall street. The first Indication Of
this is seen in a more active demand
for time money and for discounts of
mercantile paper, rates for which ara
advancing H
Railroad earnings are also increasing. 1
many companies reporting gains whereI
only short time ago they were makins
heavy losses. NJ
The posted rate for demand sterling
was reduced this morning from 4Ss to
4sS IL, and further decline is looked
for
The feature Of the market was Sugar.
In the first half hour fully 1000 shares \
changed hands. within range of half !,
| a point, but shortly after that the price u
shot up from i0 to los IT, and large
blocks were taken.
~
Quincy fell 4, to u "a; St, Paul SIS, to
So 1-2; Distillers IL. to 81; Louisville {
j Sni ny. lie n to 50 5-s and Western un'
Later American Tobacco rose 2 to-
81 1-2, Rock Island to 66 rs, Burlington
Quincy ,S-S to % 1-2, Chicago Gas SCI
Lead l II TO "A, Western Union s-4 TO
50 IA and Pitts, Gin. Chic. & st. Louis
pref. to 46.
ton Committee will meet tomorrow 10
elect a successor to Mr.. w. III. Male, re-
signed. All the members have promised
to be present, and 1t is said the Com
high reputation in financial and railroad
Caldwell will hear the REPRESENTATIVE q
does Mr. Wheeler H. Peckham on the
application for receiver to succeed Mr..
Reinhart
Mexican dollars to 20 "a. Bar silver in
London Is up to % 15-l6d. per ounce.
Foreign exchange is weak. Bankers
at 4.S7 4.S7 IA. Should the market rally
little, 1t Is considered probable that
the bankers would again begin to draw
freely.
There was talk on the street about
importing gold within thirty days. but
this Is pronounced nonsensical by those
VINO are thoroughly cOnVerSant with the
conditions governing the exchange mar
ket.
The stock market relapsed into ar'k
after midday and the changes in q
majority of instances were merely frac-
| tional Even the interest in Sugar died
! out. The stock received support around
l07 IL a l0S but the trading was exceed
ingly light.
There was a break in Whiskey stock
| this afternoon to 20 1-S on the report
that the Company had been unable to
secure the money needed to take whis-
culation that, the Company. wanted
were attempting to conclude the ncgo...
| to affirm or deny the report. The Whis-.
key Trust offers as secufity its note and
| the goods to be taken ont of bond.
The stock market PRESENTED no new
| features in the late trding. Prices were
a little easier in consequence of
disposition on the pait of small opera
tors to turn paper profits into cash. Dir
| tillers rallied to 90 ~. on vague n
NOR that the Company had finally sr-
| ceeded in negotiating large loan 10
| take spirits out ofibond.
| At public auction to-day 100 sharesiof
| the Thousand Islatds Hotel Company
sold at SOS for the pit; 5000 Acker Ner-
rail- g. Condit pei cent. gold debentirs
bonds of 1903 al 90, And five shares Stand
ard Gaslight Comhny preferred at 7a
| The sales of liJed stocks were $4,000
shares. In thel unlisted department
| were traded in.