New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-30

Speculation at tho Stock Exchange last wee:
was active and variable, but the movements Oh
prices were exceedingly interesting: Inc an. nd
tustrial shares We're the centre OF interest ani
M times the dealings in them were excited WIN
violent fluctuations. Foremost in every rcspets
was Distilling and Cattle Feeding stock N VIII ai
the transactions were about onc-lth OF the 'o'@'
business In spite of frequent rallies; lt- c9ulr2
was steadily downward. and, although IL los
| per cent above its lowest point, us declliT ~
thu, week was over per cent. IL Is ne'4ll,S,
70 sav that the movement was attended by many
conflicting rumors in regard not oniy 70 huso"
LEGISLATION Int 10 internal quarrels IN the ihan,
agcment. and among those who are Suppo
TO he most largely interested in The COMPANY;
II il barely a month ago that the directors u
the comrany advanced the dividend rate irOui
. to 6 per cert year. Only one quarterly eph..
mont NJ the last-named figure will he paid. Az has
time il was stated officially that the busih'S' W
the company was extremely prosperous I,la' an, ~,
company held in its treasury Si'ooo'Voo,, ,bs
that the probable advance ny Congress OF .,toJ
revenue tax on high wines and SPIRITS Jus,thhs.
il in increasing its production 10 me ,nlniiinei
limit Sine that time the stock mas hrot com.
steadily and Yesterday the directors of me c,u s
panv il is reported suspended Tho payment OF ui
dcndS indefinitely. reduced the pric" Il spirl's ,c
a. much rs they recently advanced H. hI az aboIt
500 600 in addition 10 me misuse ~ 81 onn am
hate fund. which amounted 10 nearly - h;gbly
The suspension of dividends - tor ,ue eootins
commc"dahle purpose Of discharging tIl' NC.
debt and for replacing what was IN every rrt,be
trust fund belonging to the CUSTOMERS u
cornoraton. .,or, wa.
On the last day of the week ther ,ho W" com.
sudden and consnicnous movement IN me o" W.,
mon stock Of the American Tobacco sprcod
Without apparrnt excuse tho stock was I , "a
into the actual leadership Of the mar<et. ~ N
had mt no time before been ac'N" 'no" =. had
attract passing attention. AMI as cr'a'ihn move
never been exposed 10 bearish attacks: the M;
mont was merely the result of speculative iha ,i..
ation II was so TRANSPARENT thar stern mOI%,aarsi
condemned il 20 n distinct INJURY 10 lei
speculation The code of morals when tn's ocori
cism excmpiics must he narrow. anu - hing
inc 10 il crime in speculation consists III D; ;nes
fonnd ont II is doubtful il wall Street ,s.ion
The old Erie days has witnessed mahiiout' and
more INSCRIPTIONS than that IN lll't'iIl,H
Cattle Feeding AZ the Exchange. An lhlr NV nro.
tion OF the company lv 'on-r"SS ma, n III ',he
nosnd II il should b. conducted faltniG,N' wv
snocul,tions of the principal officers OF me ,bs
marathon will deserve more attention u1'" yIv
business methods Of the COMPANY: Nh'l ~ XIII
last vcir the dividend was Tducrd 10 nv
per cent quarterly the president OF t"p .onrpIat.
said that 3" Our competitors of mos, III ,bat This
ing n become such mGSt unde!tfahl ,ni. Iii
rnnanv e in the field TO stay. and that II VIZ; r.
rrotrct IFS trade at all hazards. even S,D ,n mt
become necessary for an indefinite prrl2 ~ ,sis
rho nrcrs of our products on Hl'i Il i Nv, ~
"A to earn little or no profits anu l',,p in the
the results such n cour>' may '"s.ocl,
diy.cti,n of having dividends on ohf SUI. ~
Tho speculative operations of the olh''rn,hhocs
the company since that dat" are "' =, low
of inauiry either by Congress or coul, lac, ~, IN
Second only in interest wa, rae "',i,honcI
American Sugar Refining stock ~, GEEK.
moderately active in the hts pm hnt carly
tbcre was no great change in us PRICE, .,Ilin,.
an Thursday the stool, was forced down ny ~'TI Tia
onnarentlv for the short account 10 l,rnacsous
,ir. from that point was swift anu co"a subse.
Yesterday il touched | 81 5-s, ana AFTER an the
quent reaction Of per cent It's hHai A"A-