The Washington times., 1894-04-25
DAY ON WALL STREET.
Distillery the Star Performer and the Gen.
erol Market Was Firm.

er0l Market Was Firm.
New YoRK, April 24-The long expected
decision Of the attorney general of Illinois
on the petition for the commencement OF quo
warranto proceeding against the Gas COM
pany has at last been announced, and 1t is
against the company. The announcement
| was not made until after the close Of busi-
ness, and consequently the circulation In the
stock OF the company was merely reflected
| current rumor, which was strongly to the ef-
feet that the petition would be granted.
The opening price was 4 down, and then
came an advance Of u, after which selling
movement was inaugurated, resulting In q
break Of ~ per cent. When the lower flg-
| ures were reached buying orders came into
the market. which caused a rally of V per
cent, the final sale being at decline Of u
per cent. on the day.
Considerable long stock was put out during
the day, the short interest also increasing
their lines. Now that the decision in this
case fs made very unsettling influence Is
out Of the way and the shares will undoubt-
edly be steadier than they have been while
the result was In doubt. Inside interests have
professed to be Indifferent as to which way
the case should be decided and 1t would not
be in the least surprising II the stock should
close higher tomorrow afternoon than 1t is
| tonight.
Distillery was the star performer of the
day, breaking per cent. on the report that
the case of Gotchalk against the distilling
company. involving a question of rebates as
applied to retail sales, had been decided in
favor Of the plaintiff When 1t was learned
that the suit did not affect the general rebate
system OF the company partial recovery was
made. but the final sale was made at a decline
OF IA per cent. In yesterdays closing. Sugar
rose y per cent. in the early dealings, re-
acted e, and then on good buying for bull
pool sold up ~ per cent, with n final re-
action OF S per cent, leaving net gain Of
II. The Granger shares were actively
traded in and were rather weak in the carrier
part OF the day. Burlington and Quincy fall
ing of "a, Northwest 1H and st. Paul and
Rock Island fraction, but rallying in the
late dealings, St. Paul gaining Is on the day
and the Others Of the group only losing Il for
Northwest and Rock Island and q for Bur-
lington.
Tho general market opened firm, and in
the main small fraction higher. The move
ment OF prices was irregular during the
morning, but majority of the shares traded
in recorded lower figures. After midday the
entire list became heavy in sympathy with
the depression in Distilling and Chicago Gas,
and it was not until the last half hour that
the market recovered its tone. After 2.30
o'clock buying orders were received on the
exchange, causing a brisk advance and the
market closed strong, but irregular as to
prices. Delaware and Hudson shows an ad-
vance Of X and Interior Conduct OF per
cent. st. Paul and Omaha preferred. New
Albany preferred, and Cotton Oil preferred
is per cent. lower and Des Moines and Fort
Dodge IL per cent The other changes are
fractional
The railway and miscellaneous bond
market was generally weak throughout the
day..