The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-27
WHIsKEY Goes UP IND DOWN.
Brokers Buy Wildly ct First and
Then Want to Sell
Four Thousand Shares Change
hands at the Advance.

Naturally enough after the sensational
developments Of Saturday in regard 10
whiskey, all eyes were riveted upon
that speciality on the resumption or
business this morning.
An immense crowd of excited brokers
gathered around the whiskey post, and
hardly had the gong sounded when fully
4,vvU snares changed hands at prices vary
Ing from p to % IA. The latter was 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
with prompt denial, and down went the
stock again. Large blocks were thrown
upon the market and the decline con-
tinued until 10 b-s was touched.
In the first hour over $1,000 shares
changed hands. The traders are all
Is to the fss t ststqs y q as VIII
be cleared UP this afternoon.
The break In Whiskey induced the
bears to try their hand at Sugar. They
gmRy k for eSat the STOCK o Which broke
rapidly from ia to Ill. Many stop"
orders were reached on the way down.
+. The dealings In the remainder 81 me
main speculation was characterized by
that aet The new Tarir Bill viii take effect
,91morrow >, Sugar e, rallied to liz s-S' and
i' Eoaisvill 70 & Nashville rose / Is to
IS S-S; American Cotton Oil. % to "a 5,s;
Burlington Quincy 3 a 70 q? ~ 10 SSrts
P fei preferred. Ii 10 10 ~: Reading,
IL to %, and Western Union. Ia to 50 SO
rose to lot; Pittsburg. Cincinnati, Chi
cagS = St. Louis, 3 TO IS, and do. pref
The posted rate for bankers long ster-
mand remains 4S7 Ia
/ The east-bound shipments by the
trunk lines from Chicago last week were
Wset . snd san fSr ss as
week were Ia tons. against 1850 for
The books OF the Long Island Trac-
ton Company will close at noon on
Sept. 49,. for the purpose Of Offering to
the stockholders the right to subscribe Id6 e
6 per cent. collateral trust notes OF the
Long Island Traction Company and
Brooklyn Heights Railroad Company at
These notes will mature Aug. l, 1897,
year at the option Of the company. OF
| this issue 1t Is SAID that notes Win u
face value of 1875. 900 have been sold to
an underwriting syndicate at 90, the
directors and several banking institu-
dictate to the extent Of $4,000. The
guarantors, however, have agreed to pay
IS, which Is the figure at which s., 500, 600
Of them are to be offered to stockhold-
| ers. .
| Money ! per cent. on call. to IL
| on time and 4 to 4 IL 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.
Commercial bar silver rose to So, and
Mexican dollars to 81 3-8. Bar silver In
| London Is up to 30 I'D. per ounce.
The July statement Of the 81. Paul
shows gross earnings Of M.T7S,2sS; e de,
decrease Of 465,ss4. and net $s7S,l7o' q
For the third week of August the
Louisville and Nashville road earned
$685., 635, an increase of $46, 245; and Mis-
souri,, Kansas q nd Texas, sl7A'SSS' Al
increase of H4939.
Stock speculation quieted down good
deal around midday, owing to state
ments that capitalists and representa-.
tives of The Whiskey 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'
& Nashville.
Actual business was done at 4S5 IL {
As "a for bankers 60-day bills aht
| AS6 Ia a 4S6 1-2 for demand.