New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-27
is SUGAR TRUST IN PERIL
A DROP IN PRICE AND A SCRAMBLE 10
GET OUT.

THE STOCK MARKET TELLS OF NHi'NO'''' i'''
.voNc ,Ns1pERs-wAII.s FROM II. o. HAVE
MEYER AND HIS FOIIOwERs-BuT THEY
DO NOT DISCUSS MoNsTRoUs PROF
ITS AND "wATERED' CAPITAL.
. ,,rb,e in the price of American Sugar Refining
stock Yesterday at the Stock EXCHANGE CAV t
10 the conservative element IN W an 9''eV. -
Havemeyer Trust was finding its deal in the senate
,o.Lan,ns under the pressure OF indignant puDhc
sentimen; at the proposed outrageous Demo'i'''0
harrain The transactions in sugar ahou"'e" ~
nearly 1900 shares, not far from ~ pei '"'
the total dealings In all stocks Inc pi'c1 wan
from the start under heavy realizing sai'S ".
NJ the sellers being houses recently conspicuous ]"
~ h,,n ,raninulaton The price had fallen from
mn 70 10l7l bv noon but effort was ih"ue ~
ally I, causing a rise to lo3 Bu; stock KEPT pou'
ing ont and the price fell to lOlHs eh"'"s O. 80
whats up In Sugar was the frequent p"'''
"Iambs" who had loaded up on the theory "'' '''
Trust was invincib;e and held absolute eoh'roi ~
49, ,,er,ocra,s of the senate No answer could he
given tuf the conviction was widely en''r'a'"'"
that the sugar schedule would be modified 80 d. 10
reduce the limit Of the bonus when the Se""'o''"
SPECTATORS had proposed 70 give to 'he nav IN
in return for election services am StocN MAJ NN
tips a-,
4 sign that the readers in the sugar 'e""V'9
monopoly were not feeling so confident mat ''''
Infamous bargain would go through Congress I'M
scotched was furnished by the raising OF wall III
behalf of the Trust by It's members ana dei'""e'
H. o. Havemeyer returned to the CITY a''e' d" 60
sence Of few days and gave out an N'eiN'1"
through Dow Jones & Co.'S news agency III u "e
said .
There are at least ffy articles indisp'hs A''e ~
Il used In the manufacture OF sugar from the raw
ma:eria,. These articles. under the proposeu ~ "
bill are assessed from p 70 - per cent me i"S"',
of which Is 10 increase the cost o; manuiac,utt -
sugar by more than one-eightn 81 C-nt !" p XIV a.
and the differentll allowed in the senate p'1' -
merely in the shape OF a COmTensa ;oi! ""N AZ
the Increase II cost o; Manufactures - ''
above" .,, ,a,. ~.
views OF the Trust declared that ine on. eaEH, ,
cent per pound for which the sugar TFls, j. nkn'
Inc s mater OF lfo or death 70 them But neltnyr
Nr Havemeyer nor the dpologiss for the mon JlJ ny
snok az ne % per cent dividends paid IN 1898 or ne
- per cen, dividends paid on capita: "-1 a. ~
i've times the cos, Of the pant and properly. IL
life or death" struggle Wall Stree; properly .n'nrS
Is wate srqdss cap BIZ HE public was dccred Is
prepared to permit me corGnp n pirno4" Of
sustaining profits at rate tina; no ordinary bnsmce
man dreams OF wringins out Of Ms nTy5nr5j,
which considers It's employees N me Trtn.r''S 1S
slaves to be roasted 10 DEAN Il n"rrs,'' ~
WaM Street is curious 10 81" how ne Irhr", ~ 49,
fort to bring the two houses OF CONGRESS ~ "'"'.
mains s,9cnan; while the Democratic squabbe goes
on. The silence Of the President SINCE MS ~
or the subject Of free iron ore ana lr-e 'ot ~ -.
silerei omlnous the public interests cong r.'.n
;he suppression Of unjust mon9PoAes Pcrh'Ys no
cratic syndicate which controls ne lr2n td ,,Sicb
Cuba must give up par; Of ne re"aTL 70: WI y
Mr. Cleveland If there was only bg wa. So, , +,
end to the political deal which ne. irlsis ma
"comhine" has that the Sena.e Democrats NotG o.
liver the goods for which hey aayr I'D pali' %
1!sguS, az ,mT 30. On tbe Xaioral crotI s
shown in the heavy exports OF gold now b,fun again