The evening world., 1894-08-27
WH|skEY GOES UP AND DOWN.
Brokers Buy Wildly at First and
Then Want to Sell.
Bears Knock the Bottom Out Of the
Sugar Market.

Naturally enough after the sensational
Developments Of Saturday in regard 40
whiskey. all eyes were riveted upon
that specially OH the resumption OF
business thismorning.
An immense crowd of eNcit ed brokers
gathered around the Whiskey post. and
hardly mad the gong sounded when fully
+vv snares cnAngeu nands at prices vary
ing from q u g IA. The latter was a jump
Of exactly 2 points from Saturdays clos
ing and the rise was based on rumors
that the Trust had arranged in some
way to get the money needed to take
goods out of bond. These rumors met
stock again. Large blocks were thrown
upon the market and the decline con-
tinu.d unit! 10 SIS was touched.
In the first hour over $4,000 shares
changed hands.
The break In Whiskey induced the
bears to try their hand at Sugar. They
simply knocked the bottom out OF the
ma n,; for that stock Mh'Gh broke
orders were reached on the way down.
The dealings I'm the remainder OF the
list were comparatively tame. but In the
a very Arm tone. owing TO the belief
that the new Tariff bill will take effect
tomorrow. Sugar rallied to III 3-S. and
Louisville & Nashville reese l Is to
So S-s; American Cotton on, "a to % SIS;
Burlington & Quincy, IS TO 10 4: North
west, ~ to iC7 "a; ~. Paul. a. TO g Ia,
Pacific preferred, ii to - u: Heading.
IL to o. and Western Union, IL to SO SO.
In the inactive stocks Amnricah TG taCco
| rose to l07: Pittsburg, Cincinnati, Chi
cago & s.. Louis, TO l6. and do. rref.'
IL to 40.
The posted rate for bankers long ster-
ling was reduced half a cent. to 4.s6. De-
mand re mains 4.S7 1-2.
The east-bound shipments by the
trunk lines from Chicago last week were
47,isi tons against e. 1859 the previous Gus
week u year ago. Lake shipments last
week were IS, 7A tons, against 1850 for
the previous week.
The books Of the Long Island Trac.
Sept. 10, for the purpose of Offering to
the stockholders the right to subscribe
to their pro rata amount of So 100000 of
Long island Traction Company and
s. per cent. Of their par. ,o-
These notes will mature Aug. 1 1897,
but can be redeemed any time after
year at the option Of the company. or
this issue 1t Is said that notes with
face value of 900 have been sold to
directors and several banking institu-
lions having agreed to protect the syn
dictate to the extent of $4,000. The
guarantors. however have agreed to pay
81. which Is the figure at which $25O 900
OF them are to be offered to stockhold-
ers.
Money l per cent. on call. to IL
on time and TO 4 l-2 for prime mercan-
tile paper. The market Is easy. While
the demand for money Is fair, the banks
have such enormous reserves that rates
are not easily affected.
tul hn
Mexican dollars to So 3-s. Bar silver in
London Is up to 20 led. oer ounce.
The July statement Of the st. Paul
shows gross earnings of SITS, 226, q de-
crease of Ssl4.l2s: expenses 81 .4Ol ,oS6.
decrease OF 456.s64. and net $37S.l7O.
decrease Of S35s.164.
For the third week of August the
Louisville g. Nashville road earned
1855. s35, an increase Of &6,24o; and Mis-
souri,, Kansas &c Texas. $l74,6s5. an
increase Of $l4,9
Stock speculation quieted down good
deal around midday. owing to state
ments that capitalists and representa-,
tives of the Whskey Trust would hold
another conference later In the after
noon. There was a general disposition
to defer new engagements pending the
outcome Of this meeting. Taken alto
gether. the market held up well. espe-
clally for the Changers and Louisville
& Nashville.
Actual business was done at ass IL
Ass "a for bankers 60-day bills and
ass IA a 4.SS IL for demand.