Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-11
SPECULATIVE
Sugar Trust Certificates Again the Lead
ing Spirit in Speculation.
The General Market Inclined to Dullness-A
Western Union Quarterly Dividend of
IA Per Cent Recommended.
Special to the Gazette.

Special to the Gazette.
New YORK, June lO.-Sugar trust certificates
were once more leading features of the local
speculation. Latest pieces of news were favor
able to trust, although in a measure their ef-
feets were antagonistic. One was that there
had been another heavy advance in prices of re-
fined sugar, unattended by an advance in raw;
the other was an order of the court restoring
to Messrs. Havemeyer & Elder the
American sugar refinery of San Francisco
which has been in the hands of receiver. This
had the effect of dumping $1,000 barrels of re-
hned sugar on the market. OF course this broke
the local market out in San Francisco, refined
sugar falling nearly one cent, and will have its
weakening effect on the market of the whole
country. But, on the other hand the refinery
will now be run in the interest of the trust and
the monopoly of Spreckles on the coast is
tifcates were very strong and active to-day.
1t is said that the Green Point
E refinery opened yesterday Is the
filming capacity is 5000 barrels. The trustees OF
the sugar trust met in this city to-day and were
expected to declare q regular 2k per cent.
quarterly dividend. Nothing was made public
this afternoon concerning the meeting.
The general market was inclined TO dizziness.
Terminal continued active at the high
figures established yesterday. Oregon and
Transcontinental broke all previous records.
Northern Pacific shares were strong and active.
Great Northern preferred reached the highest
point yet Cleveland, Columbus, Cincinnati
and st. Louis was another strong stock. Pull
man stock reached even higher figures than
those attained yesterday. The earnings of the
Pullman company, it is reported, have more
than doubled during the recent passenger rate
war in the West. Flint and Pere Marquette
earnings for May will. it is announced, show
a very large increase. The Manhattan directors
declared regu ar dividend of Ia per cent. cash.
Earnings for the quarter were 2G9 per cent.
London bought Louisville and Nashville but
sold Reading and st. Paul. Increase in London
buying and increase in London selling reflected
III the rate for sterling exchange, which is now
rising toward high figures, which are normal at
this season, but which have not been reached on
account of the extraordinary buying of our
stocks by London during the past few weeks.
Lackawanna was strong for reasons,
which Influenced Reading. There was
a report that coal prices would be
advanced, but there appeared to be no
authority for it. In the last hour prices which
had shown some improvement fell off somewhat
and the market was somewhat weak at the close,
The executive committee of the Western Union
met to-day and recommended regular quarterly
dividend of IA per sent. The statement for the
quarter will show net earnings of 81 200, 900, so
it is announced.
Important net changes for the day were ad-
vanced: Sugar trust, 3A; Great Northern,
preferred, ~; Louisville and Nashville and
Lackawanna, q; Northern Pacific, 5s; Read
ing, New England and Burlington, "a. De-
clined: Pullman, 1; Chicago gas, i2s; Lake
Shore, q; New York Central, Canada South
ern and Tennessee coal, y; st. Paul, IS; Union
Pacific and Atchison, "a.