Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-08-27
Whisky Trust the Feature in
Speculation.
OVER FIFTY THOUSAND SHARES SOLD
Negotiations for Loan to Take
Goods From Bond.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK, August 27.-Irreguiarity and
erratic manipulation in the industrial stocks
did not avail TO weaken the generally
steady undertone I'm today's stock market
Initial prices were fractionaIly above last
weeks final figures and Improved still fur
Their on moderate purchases for London ac-
count. St Paul was in good demand from
foreign houses but added less than l-2 point
To early figures a result of its prominence
Burlington was marked up 1 I-s per cent on
good buying and Rock Island gained i-2
point on moderate dealings. Louisville and
Nashville was favorably Influenced by pur-
chases for both foreign and local account.
The balance of the railroad list was well
held shade above opening figures. but
attracted little business. The sentiment OF
the street favors the hin side and an az
sressive campaign, hooking 20 a general ad-
vance In prices, is promised to follow the
official withdrawal Of legislative infiuences-
Dlstillers was again the active feature OF
the days business. and, as on Saturday
was severe disappointment to the recently
converted bears. who have been caught
long of the stock The manipulation is as
mysterious as ever, and seemingly as pur-
poseless. At the opening the demand for
the stock was SO pronounced that on trans
acuons almost simultaneously made. in
volving the interchanging of over four
thousand shares OF stock. the price advanc-
ed ? Is per cent from Saturdays closing
AZ unis inquire selling orders stayed the
advance, and. assisted by the unoovertng
OF stop orders. marked Of the price 10
per cent The first hours trading agyre-
gated over $1,000 shares. Conservative esti-
mates, based on the presumption that the
trust releases all the spirits now in bond
put the amount OF profit resulting from
such action a a trifc more than 81 s1aO00
This amount is scarcely sufficient TO stm-
2RftxrtrV ~he lpnr- faa
companys business outlook interest ac-
count AID other smaller items are put in
opposition to II.
Sugar was more active than n has been
for several days past and with varying
results. Opening at lib 1-2a1l4. selling or
ders and the always precautionary stop
order marked the price down 3 l-s per cent
Buying orders at the decline speedily made
good all but per cent OF the loss and sub
seQuent trading was less significant In its
results. The dividend due carly next month
Is attracting considerable comment many
purchasers inclining TO the belief that the
company will distribute part of its surplus
| by way OF extra dividend. IL needs no
argument TO prove the wisdom Of taking
| such action at a time when Congress Is
distributed throughout the country.
The manipulation In American Toba 80
advanced the price 2 per cent on early
trading, but realizing and some short SELL
Ing resulted in a rea ctfon for more than the
full amount Of the gain. The less active In
dustrials were strong around opening fig
urea.
The foreign exchange market was barely
steady. as the result of further free offer
ings of bills drawn against purchases Of
stock for European account The receipts
of commercial bills continue small. today's
average being even below the recent low
I level.
The general market continued steady
| throughout the last hour. prices comparing
favorably with the best for the day. Dis
tiliers was the exception, reaching the
! lowest point OF the day during this per1od
On continued selling Of large blocks OF
stock.
Final figures were irregular, but In the
main reflected fractional gains for the
day.