Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-06
Sugar Stock Again the Speculative
Feature.
OVER $4,000 SHARES CHANGE HANDS
Wall Street in Other Respects
Without Feature.
GENERAL MARKET REPORTS


slc'ltl lispilcn 10 lie Evening StaF
NEW YORK, December G.-Sugar was
again the feature of speculation this morn
ing, opening anywhere from 80 II to 30 en-
transactions involving 5000 shares OF stock.
The early trading was conducted on a
most liberal scale, over 10000 shares chang
ing hands in the first five minutes. The
official confirmation of yesterdays report
ed declaration of the usual dividend was
assigned as the cause of the activity.
Heavy realizing sales and conspicuous SELL
ing for short account resulted in a steady
decline of per cent from the best opening
figure. The street is decidedly mixed on
the outlook for this stock, but is pract-
caily unanimous in its Endorsement OF the
opinion that Congress will pass no adverse
legislation al this session. The declaration
OF the dividend would hardly have been
made at the oid rate had not some asssir-
ances in support OF this position been given
or deduCed from reasonable probability.
1T Is stated 10y Ihe directors that this dis
bursement VIII DE made from earnings
prior TO September l, which statement is
regarded as an effort 10 conceal the results
of the companys business IRON that date
up TO the time OF action on the dividend.
The efforts OF the trust 10 take away the
western market from the Louisiana re-
timers and secure control of their product
has necessitated such a reduction in rates
ed, but in the opinions of good judges no
reductions have been made that have re-
flected any losses to the trust. The pro-
posed protest of the southern sugar plant
ers is not regarded as N any way -mbar-
RAISING the schemes of the northern mon
opoly.
Outside of Sugar the market was without
special feature, the narrowneSs being
heightened by the speculative delrium in
that speciality. Burlington was marked up
/ per cent on fair volume of business
from the short interest, and the balance OF
the gransers hung idly around first prices.
The recent discouraging reports made by
st. Paul have raised serious doubt in the
minds of many as to the roads ability to
keep its earnings UP to the present dfvi-
dend-paying standard. The recent selling
of this stock by London is believed to have
been the liquidation Of long holdings by
apprehensive holders.
Reading was depressed 81 per cent on
loom transactions. but rallied for nearly
all or the loss after the noon hour. Con-
Solidate Gas was advanced l 1-2 per
cent on limited trading, and elsewhere
fractional changes only were noted.
The market for sterling and continental
bills opened firm on a small volume of
BUSINESS. with rates and conditions I'M
changed from yesterday. The supply of
Iy taken by remitters. The demand for
exchange, in anticipation OF higher rates
at the time CT the January interest dis
bursements. is another factor responsible
for the prevailing strength.
The last hours trading resulted in
further reduction in the price of sugar,
and did not affect, materially, less active
stocks. The sugar meeting. adjourned
from yesterday, is again in session this
afternoon considering the publication of a
defense to the Presidents criticisms in
his recent message. Final figures were ir-
regular, but IN the main steady.