The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-17
STOCK PRICES STILL FIRM.
Rally Soon Followed the Opening
Decline.
whiskey Trust Believed TO Have
Raised Needed Funds.

fair volume OF business was trans
acted at the Stock Exchange, and the
temper OF speculation continued bullish
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 SSH. i2l against S506S9i last
year, an increase of $3.50. stimulated
purchases of the grangcrs 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 &
Quincy directors act on the dividend
there will be a livelier movement. At
the moment operators are holding of
to see whether the rate Will be Ia per
t tion 10 az p 5er eent will vi be- made.
In the latter event, the bears would
probably make drive at the Western
shares, but the bulls say they Will fur
nish support II needed. and tnat the DE.
cline, should 1t occur, could not be Of
long duration.
At the opening American Sugar fell 1-2,
to 100; burnns,Sn q quincy 90, to % l-s;
81 3-S: Distillers "a. to "a Ia: Louisville
4 Nashville ~. to So "a. and Union Pa
ciHc IA. to u 81. Later American To-
bacoo RISE /, to y6; America sugar -, to
darlington Quincy is, to a IA;
Northwest 5-s, to lo6 SIS; st. Paul ~, to
s. 5-s; Rock Island rs, to 81 IA; Dlstil-
to AZ IL: Lead pref. IL to q ~; Omaha
7-S. to % rs, and Reading IA. to ~ IA.
It ls now generally beiieved that the
Whiskey Trust has raised the money
needed to take good. out OF bond The
loan Is said to be for $60oO0D
A a Az So tnat OTueTS
for whiskey are coming In on large
scale. and II the Company has ten days
before the signing OF the s, Tariff gdan. bill bill,
OF bond. The present Western price OF
spirits, viz, x.2s. Is within three cents
OF the figure reached In January. 1893,
when there was talk OF an increase OF
5Oc. in the Government tax.
According to Chicago special. with
In twenty-four hours the Whiskey Trust
will take out Of b md at least 1000 bar
rels of whskey. The : huteldt, Riverdalt
and Calumet distillei1.s, which belong to
the Trust here, applied yesterday for all
the gaugers thst could be furnished to
regauge the stock About one-slxth OF
the entire stock In Chicago Will be taken
out to-day or tomorrow"
Bar silver in London unchanged at
% IA cents per ounce CommerciaI bar
silver here sold at 60 1-2 and Mexican
Money 10 lper cent. on call and 3 a
per cent for time loans running four tc
seven months.
Foreign exchange, II anything, Is a
little steadier at As a ass l-2 for de-
mand. The inquiry for exchange con-
tinues ligat, owing to the heavy settle
ments made In July.
The imports of dry goods at the Port
of New York for the week were 81 O34 .9Ol
and the amount marketed 81. 66.ls. For
the corresponding week of 1893 the I'm.
ports were 500, and the amount
marketed Sl,746, 602.
Shortly before IL o'clock, a rumor
gained circulation that the Burlington
and Quincy directors had reduced the
quarterly dividend to l per. cent. and
the bears jumped on the market, Prices
however, yielded only fractionally. ant
/ on the announcement that the report
was premature, speculation became
dull. At 1890 i. NJ, II became known
that the dividend declared was IA pc
cent: as heretofore. This was the sig
nal for a rush to buy and strong jumI
in prices followed. Burlington ros,
| from 70 Is, to 1874, Rock land, from
| 6s 3-s. to g. IL and ST. Paul, from GO, t.
| 60 5-S.
The rise would have been greater but
for a heavy selling movement In whis
key. which carried that stock below ~.