The Washington times., 1894-05-01
SHORTS ON SUGAR SQUEEZED.
Assurances from Washington Of Protec
tion to Refined Sugar Give Strength.

Assurances from Washington OF PrOtec-
tion to Refined Sugar Give Strength.
NEW YORK. April 3O-The operators in sugar
who have been engineering the recent advance
in these shares took occasion this morning to
give the shorts little squeezing. The time was
propitious for the venture, as there were some
good buying orders on the exchange and few II
any sellers.
The opening quotations as recorded was 1O5la
CLOS, the purchasing being too brisk to allow OF
the Intervening prices to be obtained by the
on1cial reporters Heavy blocks OF the stock
were readily absorbed, the buying being en-
couraged by renewed assurances from washing
ton to the effect that refined sugar wonld be
properly protected.
When 1854 was touched there was some real
izing. causing a reaction to loiN The lower hg-
ures induced fresh buying and an advance WAS
made to lU7sB, which was 25s per cent above the
closing figures of Saturday In the fnal deal
ings there were sales to realize profits, which
sent the price down 134 per cent, leaving gain
on the day of 11s. The preferred stock sold up
2l5, to I1a, reacting u per cent: at the close
Chicago Gas was affected unfavorably by the
report that an application by the company for
an Injunction to restrain the attorney general Of
Illinois from bringing the quo warranto suit has
been levied.
A rumor was also current to .he effect that the
Mutual Fuel and Gas Company would be given
q franchise to extend its main into the territory
of the Chicago Gas Company. IS "A result a
drive was made on the shares, which brought
out some long stock and sent the shares down
per cent A rally of "a took place during the
afternoon, of which u was lost in the final trad
ing, the decline from Saturday bong ltS per
cent
Chicago, Burlington and Quincy was pressed
for sale in the early dealings on reports that the
rate of dividends would have TO be reduced ow-
ing to decreased earnings. The delay in pub
fishing the March statement, which is overdue,
gave color of truth 10 the report, and the stock
declined rs per cent, when supporting orders
from Boston were received which, together with
the local buying, caused n rally of l5s, the hnal
sale being made at a reaction OF as
St. Paul did not sympathize with the weakness
OF its sister stock, being held very firmly during
the morning, even making fractional improve
ment During the afternoon there was fairly
up rs from Saturday. In the final sales re-
action of Is took place.
The other grangers were inactive, but North
west made gain of IL, and Rock Island y. In
sders bought Western Union, sending .he quo
tations for the stock up lla per cent after an
opening decline Of 3s. The improvement was
maintained until near the close, when reaction
Of " occurred
National Lead rose per cent. on buying pro-
duced by good tariff news and by n belief that
dividend will be declared next Saturday. Real
izationS caused loss of ] per cent OF the ad-
vance in the final trading
American Tobacco rose 25s in the morning
dealings, then broke iss in HquidatinG sales,
closing within B of the lowest point touched
The general market was steady to firm during
the greater part of the day on very limited
volume Of business, but closed rather heavy,
although most of the active stocks show an ad-
vance on the day