The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-27
WHIsKEY Goes UP AND DOWN.
Brokers Buy Wildly at 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 Of
business this morning.
An immense crowd OF excited brokers
gathered around the Whiskey post, and
hardly had the gong sounded when fully
i.vv snares cnsnged hands at prices vary
of exactly 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 a prompt denial. and down went the
stock again. Large blocks were thrown
upon the market and the decline con-
tinued unit! 10 5-s was touched.
In the first hour over $1,000 shares
changed hands. The traders are all
but is Ia hoped that the mystery will
be cleared up this afternoon.
The break in. Whis key induced the
bears to try their hand at Sugar. They
simply knocked the bottom out OF the
market for that stock which . broke
orders were reached on the. way down.
lis, =" We're qe1 eomParatively tame. but IN the
main speculation was characterized by
a very firm tone. owing 70 the belief
that the new Tariff bill will take effect
Distl.iers to 20 T.
Louisville &: Nashville ross, Is to
81 3-S; American Cotton on, 81 to "a SIS;
west. IL to 1O7 "a; st. Paul. 81 to 66 Ia.
Missouri Pacific SIS to 90 is; Northern
Pacific preferred. IL TO - -; Reading,
IL to % and Western Union, 1-2 to 50 5-s
a
rose to lG7: Pittsburg. Cincinnati, Chi
cage & -. Louis, 10 l6, and do. rref.,
The posted rate for bankers long ster-
ling was reduced half a cent. to 4.S6. De-
mand remains 4.s7 1-2.
The east. bound shipments by the
47,i6l tons, against 1859 the previous
week and 1892 for the corresponding
week a year ago. Lake shipments last
week were 1924 tons. against H.67o for
The books of the Long Island Trac-
ton Company, will close at noon on
to their pro rata amount OF 100000 of
. per cent. collateral trust notes Of the
Long Island Traction Company and
Brooklyn Heights Railroad Company at
S. per cent. of their par.
These notes will mature Aug. !. 1897.
but can be redeemed any time after a
year at the option of the company. or
face value Of Ssh 600 have been sold sold to
an underwriting syndicate at so, the
directors and several banking institu-
lions having agreed to protect the syn
dictate to the extent of $750, 200. The
guarantors, however. have agreed to pay
So, which is the figure at which 81, 800, 900
of them are to be offered to stockhold-
ers
Money 1 per cent. on call. to 31-2
on time and 4 TO 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 66. and
Mexican dollars to SO 3-S. Bar Silver In
London Is up to 30 I'D ner ounce.
shows gross earnings Of N,77s, 22s, a de-
decrease of 4b5864. and net $378.170, a
decrease of $35S. 1854.
For the third week OF August the
Louisville and Nashville road earned
1866, 635, an increase of $6,245; and Mis-
souri,. Kansas q nd Texas, s174,ss5, an
Stock speculation quieted down a 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 general disposition
to defer new engagements pending the
gether. the market held up well. espe-
cialy for the Changers and Louisville
& Nashville.
Actual business was done at 4.s5 IL
Ass "a for bankers 6o-day bills and
ass IA 4.S6 IL for demand