The evening world., 1894-08-17
STOCK PRICES STILL FIRM.
Rally Soon Followed the Opening
Decline.
Whiskey Trust Believed TO Have
Raised Needed Funds.

A 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 42l, against sbot.3si last
year, an increase of $3.50. stimulated
purchases of the grdngers as well as or
the other stocks, as II Is an additional
evidence OF the recuperation in business
in progress throughout the country.
Perhaps when the Burlington d
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
sent as Iormeps' ST S Ss ,nsde reou'
In the latter event, the bears would
probably make a drive at the Western
shares, but the bulls say they will fur
nish support II needed. and that the de.
cline. should IL occur, could not be Of
long duration.
to l0s; Burlington ~ quincy 30. to q l-s;
st. Paul IL, to SO is: Rock Island Ia, to
IS 3-S; Dlstillers 3-i. to "a "a; Louisville
& Nashville l-2. to So 3-i, and Union Pa
clfc Ia. to Il "a. Later American To-
bacoo rose I. to %; America Sugar e to
Northwest SIS. to 100 5-S: St. Paul IL, to
SO SIS; Rock Island IS, to 81 IA; Distil-
lers rs, to q Is; General ELECTRIC b,s,
rs, to 80 7-s and Reading IA, to 10 81.
Ii In now generally believed that the
whiskey Trust has raised the money
needed TO take goods out OF bond Inc
loan Is said TO be for S6,OOOO.
e-President Beggs says that orders
scale, and II the Company has ten days
before, the signing Of the Tariff snda. bill oil,
OF bond. The present Western price OF
spirits, viz, 1928, Is within three cents
OF the figure reached In January. 1888
when there was talk OF an increase OIL
Soc. In the Government tax.
According to Chicago special. with.
In twenty-four hours the Whisky Trust
will take out OF md at least 1000 bar
and Calumet distillerfes,. which belong 4
the Trust here. applied yesterday for al
the gaugers thst could be furnished to
regauge the stock About one-sixth Of
| the entire stock In Chicago VIII be taken
| out to-day or Tomorrow.
Bar silver in London unchanged al
silver here sold at 60 IL and Mexican
Money lie lper cent on call and a
per cent. for time loans running four tC
seven months.
Foreign exchange. II anything, Is q
little steadier at ASS ass Ia for de
mand. The inquiry for exchange con
| tinues lignt, owing to the heavy settle
ments made in July.
The imports Of dry goods at the Por'
| of New York for the week were 81. 034 sol
and the amount marketed 81. so, 1870 Foi
| the corresponding week OF 1898 the I'm
ports were H,457 $50, and the amour
marketed $l.745,60 COZ.
! Shortly before L. o'clock, rumol
gained circulation that the Burlington
and Quincy directors had reduced thu
quarterly dividend to 1 per cent. .ant
the bears jumped on the market, Prices
however. yielded only fractionally. ant
on the announcement that the repor
was premature. speculation 6eeam
that the dividend declared was IA pc
cent as heretofore. This was sod the g., Sig ",
in prices followed. Burlington ros
from 70 is. to "A "a, Rock Island, from
&C 3-S. to 81 1-2 and st. Paul. from 6s. t
60 5-S.
The rise would have been greater bu
for a heavy selling movement In wits
key. which carried that stock below 70