The evening world., 1894-03-10
SUGAR AGAIN THE FEATURE.
Advances at the Opening, but
Fails to Hold the Gain.
The Market Dull and Speculation
without Interest.

The week closed with a comparatively
quiet condition OF affairs in Wall street.
yet with "A distinct tendency towards Inn
provcment. There was little pressure to
sell stocks this morning, although prices
were higher, apd purchases made yestcr-
day of almost anything on the list could
be sold ut profit
Sugar was the feature and sold up 2 IL
to 81 is on rumor that the directors
would meet this afternoon Or Monday
and declare the regular dividends. AS Is
well known, action has been delayed for
some time. presumably for effect at
Washington, the Trust not being willing
to furnish evidence OF its enormous
profits while trying to get protection
from Congress.
1t is generally believed that the Trust
has made heavy purchases of raw sugar
and VIII profit immensely from the
higher duties
in the general list Chicago Gas rose
ia to 6G l-2 st. Paul. l, to 62 SIS; Distill
ers 3-s to q Is: General Electric 81 to
A 3-S; Heading 3-s. to 81: Western Union
1. to 81. and burlington 81. to 81 Is
for, the first week of March We're s52s, $40,
a decrease of $j3,299. The directors have
adopted q new arrangement regarding
the publication of their weekly and
In the future the reports of earnings
will be filed at the Chicago office after
+, NJ on the, day they are due, and Will
be telegraphed 10 New York that night.
No statement OF earnings Will be given
out hereafter from the New York office
during Stock Exchange hours.
This step has been taken, 1t Is under
stood, to overcome the charges OF favor
itism made by brokers. who claimed that
the news leaked out before 1t was OFF,
cially issued from the New York office.
mouth of February. 1891. as compiled by
The Chronicle, aggregated $32;454 5O2,
against S37,lOS,705 in the corresponding
month Of 1888, n decrease OF, S,65l2o3
The gross earnings of 123 roads for the
month of January and February
amounted to s67,7O9,65i, against s77.3l5,-
5O5 in the corresponding period of 1898, a
net decrease of $9G05. .Sjl.
The imports of specie at the port of
New York for the week were 500, ,275, of
which s2O6,056 was gold and sl7,2i9 silver.
the imports We're Sl,776,1S2
The imports, exclusive of specie, for
the week were 50, 732, ,S3I, of which s2.367.-
O54 was dry goods and si,3G5,777 general
period in 1893 the imports were $l6,7l6.-
253. of which $i,3i2,l34 was dry goods
and Sl2.37i,ll9 general merchandise
Near the close Sugar sold down rap
idly to 80 5-S on vague rumor that the
meeting on the dividend had been post
poned. The rest of the list reacted is to
"a in sympathy. Speculation was tame
The United States Sub-Treasury had a
debit balance at the Clearing House to-
diay of $4,000, which was liquidated in
notes. Money nominally l per cent on
call
Foreign exchange was firm at 4s7 n
46 IA for bankers 60-day bills and
4SS IL Ass 3-4 for sight drafts. The
latter are firmer on the hardening of
discounts In the open market in London
The indications point to gold shipments
to Europe next week, unless the supply
of commercial bills increases in the
meantime.
The bank statement shows unusually
slight changes In the averages, the loss
| to the banks through the operations of
the Sub-Treasury having been partly
! counterbalanced by receipts of currency
| from the Interior. The net result of the
| changes Is a loss Of only sl45,525 in sur
plus reserve, which now stands at s75,-
633.375.
The following are the comparative fig
|