The evening world., 1894-04-24
Bis BREAK IN D|sT|LLERs.
Chicago Gas Also Went Down on
Unfavorable Rumors.
Bears Had the Best Of To- Days
Trading.

The bears attacked the market with
renewed vigor this morning on the ex-
tension Of the labor troubles, which are
now looked upon as quite serious in
some quarters. 1t cannot be said tina
much long stock has come out. but
the bulls have temporarily withdrawn
their support, and this gives their OPP
ponents Il clear field.
The leading traders profess to believe
that prices may go down a little more.
but that as the short interest Is increas-
Ing. there Will come a quick upward
turn before long.
This was ticket day at the London
stock Exchange, and according to the
cables received operators at hat centre
were buying Americans.
The suggestions made by E.. Ellery
Anderson. n Of the receivers OF the
Union Pacific c Company. for an adjust
ment Of the debt by the Issue Of $3.50, 0o0,-
900 bonds had no effect on the stock,
which was dull and steady.
Burlington & Quincy fell 1 IA to 70 IA;
Northwest. / is to lG7: Rock Island, SIS
to IS 7-s; American Sugar, 5,s to 6 90;
Chicago Gas; 70 to G1j cons9lidat s.
General Electric, / to 81 80; Lead, l to
SO "a: do pref. "a to "a La; Missouri
Pacific, IL TO 20 3-s; Cordage, IL to % IA:
Reading. BIS to IS rs; pullman, "a to 172
Western Union, SIS to SO 7-S, n Wabash
pref, SIS to l6 IA.
After the early drop In prices specula-
ton relapsed into dulness and there was
a gradual recovery of IA to. IA per
cent, but the advances failed to hold.
The traders were quite Indifferent about
the course Of the market.
The demand for money continues slack
feature. Financial Institutions and bank
ems are stih unable to place their funds
to advantage in the loan market, and
have to look elsewhere for profit.
@.At Avrh kNra to FrEn u tOna MI
actual sales are n shade lower-4.S7 9
IS ia p i.ss IL for sight. The bankers
do not yet know whether they will ship
change is against shipments on d large
scale.
In some quarters there is a disposi.
ton to attribute the strength Of the
market to an unusual demand for trav.
ellers' credits. Lazard Freres. ,Drexel
Morgan & Co., Ladenburgh, Thalman 8
Co. and other houses, however, say thai
the demand Is not much above the aver
age.
There was a sharp break in Distillers
the stock selling out 3 points. to 70, OF
advices that the Gottschalk case h hs
case refers to rebates on retail cases.
Chicago Gas sold below 66 on advice'
from Chicago that the decision would b
rendered at 4 p. NJ. to-day ana woult
be against the Trust.
The weakness of Burlington & Quinc!
was ascribed to the reported intention
Of the Company to extend Its lines t
Billings. a distance Of hO miles, al
though 1t stated the money is in tn
treasury, and that the Company ais
has a good part Of the cash raised Il
pay for its half Of the Peoria line.
The decline In Distillers culminatet
when the price touched %. This drol
brought in fair buying orders, and {
rally to "a IA ensued. The genera
list improved in sympathy. The spe
which bounded up from 96 "a to 9S IL
Some Of the shorts were forced int
covering.
The sales of stocks were 100, 200 shares
In the unlisted department $500 share
Of Sugar nd 1900 Lead were trade'
In