The evening world., 1894-03-07
SUGAR AGAIN A FEATURE.
1t Was Pushed Four Points Above
the Closing Price.
Rest OF the Market Moves Upward
In sympathy.

Sugar was again the overshadowing
feature OF the stock market this morn
ing. While the dealings lacked the ex-
element and feverishness which charac-
terized yesterdays operations. they were
far above the average. and The price ad-
,nnced over I points, sales being made
at 81 "a against 30 l2 last night.
No one yet knows the definite cause for
the rig In the stock. although It IL pre-
surnabiy based on the alleged deal at
Washington, whereby the Sugar Trust
will obtain a discrimination In favor Of
the refirers.
1t IL well known that II the Trust gets
n protection OF only % cents II hundred
pounds. 1t viii continue to make big
money. and fatten It's stockholders with
cash. and perhaps scrip dividends.
The insiders must have enormous
profits on paper, and II they cnn work
their little scheme through to IL sue
cessful conclusion. they will be amply re-
paid for the herculcan work which they
are credited with performing ut Wash
ington.
1t Ia stl!l asserted that the sensational
rise to par yesterday was without the
assistance OF those working the pool,
and that the latter Immediately took
steps to check the move which was a
most unwise one from a speculative
point OF view.
The recovery in Sugar led to an i'm
provement In the general list of IA to
per cent.
burlington & quincy rose IS to soils;
Chicago Gas. 5-s to So Ia; st. Paul. o-s
to 81 IA: Rock Island. 10 to 60 IL: Lead.
, to 20 l-2: Erie preferred. IL to 81 IL;
reading. l-2 to % 3.S, and Western Union.
5.S to Sc rs. Lake Shore fell rs to III.
In the sp-cialties National Starch LIST
preferred rose 2i-2 10 a..
In sympathy with n rise In Bar S!l-
vcr at London to 81 7sd. per ounce. Com
mercial bar silver advance to 60 l-2, and
Mexican dollars to Is STA.
Money was easy at | per cent. on
call. and the banks and trust conf
panies find 1t as difficult as ever to
secure employment for their surplus
funds.
Foreign exchange firm at 4.S7 n 80 j.
for bankers long, and tsS Ia a ASS l..
1t was SAID to-day that between
81, 900, 900 and 81 900, 900 gold will be shipped
to Europe on Saturday.
The United States Sub-Treasnry nae
a debit balance at the Clearing-H ouss
to-day Of 1863 900, which was liduidateL
In notes.
The Improvement In stocks noted this
morning continued to make progress un'
der the leadership OF Sugar and thu
Changers. but the excitement died on
completely. and the fluctuations were
confined within comparatively narrow
limits. Everybody Is waiting for DEFINITE
advices from Washington OF the tarif
before engaging In new ventures.
The strength OF the market was partly
due to the belief that the st. Paul am
Western Union Companies Will declare
their regular dividends this month.
There was Increased activity In 'tork'
near the close, and the dealings were
well distributed. The Changers. Genera
Electric, Lead. Cotton OIL and Sugar
were up anywhere from ] to 4 Ioint'
for the day. On the announcement tia
Hunter. Clarke & Jacobs Rad failed. Su
gar fell to 80 rs just prior to the close
r The details in egard to the failure ar
given in our general news columns.
The sales of stocks were 2s2 800 shares
In the unlisted department lOl $40 share
of Sugar and Is. 1858 Lead were trade'
In.