The answer depends on 8 and 1 fourth WHAT? Gallons, bucketful, cups, pints? Since you have not bothered to share that crucial bit of information, I cannot provide a more useful answer.
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1 gallon = 4 quarts 1/2 gallon = 2 quarts
4 quarts = 1 gallon . 40 quarts = 10 gallons 42 quarts = 101/2 gallons
2 pt = 1 qt ⇒ 1 pt = 1/2 qt
If you mean on fourth of an hour, it's 15 minutes.
49 quarts equals 12 1/4 gallons.