The evening world., 1894-06-06
SCRAMBLE FOR SUGAR
Action of Senate Puts the Stock
in Crest Demand.
Fitty-five Thousand Shares Sold in
tn, First Hour.
General Market Is strong and Higher
Prices Are the Rule.

The bulls had It all their own way In
the Sugar crowd this morning, owing to
yesterdays action by the Senate on the
sugar schedule. This. II finally adopted.
Will put millions of dollars into the cOf-
fers of the Trust, but as a hard struggle
In the House Is expected. developments
IN that quarter ma Induce the insiders
to make several quick turns at the ex-
pense OF the spectators.
When the gong sounded at 10 O'Clock
al the Stock Exchange the Sugar post
was the only one that had any attraction
for the brokers'. An immense crowd
gathered. and no one seemed to care
about the price OF any other speciality.
As soon as the days business was in
auguratei fully 10000 shares OF Sugar
had been sold In about ten sec
Jnds. The orders were executed so rapid
ly that the brokers hadn't time to mark
down the names OF all the buyers and
sellers OH their pads.
The stock sold simultaneously all the
way from l07 to les. against LOG "a last
night. hen came n flood OF offerings,
which carried the quotation back to
lo7 Ia, but the pool had placed big buy
no '',' va NV h'''NCioiiS, III u i'o
to los IA occurred. The trading In Sugar
during the first hour was 5000 shares
The general market. after ruling slug
gish TO- u time, moved towards a higher
level under n lively demand. The Gran
gers and Missouri Pacific were espe-
'ial,y : rong. purchases being made on
the reports that the Interstate Com
merce law is likely to be amended so
tha; the railroads can pool under GER
AIN restrictions.
American Sugar preferred rose / "a. to
96 l-2; Burlington & Quincy 7-s, to rs l-2;
st. Paul l.. TO &c 3-S: Rock Island "a, to
Us. to IA 4; Erie preferred SIS, to 2s:
Northern Pacific preferred 3-s, to 10 3-S.
and Northwest ~. to 100 IL. Atchison
was heavy. and declined to TIA. the
owest figure yet touched.
The Trunk Line Commissioners Will
meet tomorrow to consider the Iehigh
Valleys demand for a larger percent
age of west-bound passenger business.
Southern Railway Company to-day. the
statement to be submitted OF the opera
lions OF the Company for the year ended
$3.50 against $3.50. 7l2 in 1892. Total in
come $4CS. 966, against s40s, 2l6 last year:
balance, Sl3. 966, against II deficit of Sil.-
asa, hast ,, ys az la aed yes surplus $50 Co.,
Earnings OF the Missouri Pacific for
the fourth week of May were 1865, 600, n
decrease of $l06 900.
The Commercial Cable COMPANY has
declared II quarterly dividend OF | 81
per cent, payable July q.
Sugar ran off to LOG 5-S after midday,
was yer! slight, speculation being char
acterized by a firm tone. The volume of
business was small.
Bal silver in London rose to % e.lsd.
pei. ounce but Commercial bar here
declined to G2 1-A and Mexican dollars
Money remains ] per cent. on call and
Foreign exchange, dun and steady Mt
4.S7 l-2 q 49, 81 for bankers 6O-day bills.
and 4.ss l-2 a ass "a for sight. The de-
The stockholders II the Rex Island
will hold their annual meeting In Chicago
to day. The officers and directors Will
be unanim 1usly reelected. The report
will show 4l-4 per cent. earned on the
stock.
The American Sugar Refining Com
pany has declared a regular quarterly
and l "a unon the preferred stock. The
Company has also declared a semi-annual
dividend Of IL per cent; on q portion
of the preferred stock. The dividends
are payable on July 2.
TIC strength shown by the stock mar
ket, alarmed the snorts. and there was
q lively covering movement late In the
day. The dealings were unusually well
distributed. the Changers, industrials
and low-pr'ced stocks all sharing in the
Improvement.
ediv favorable character OF the Rock
Island report stimulated purchases.
Even Atchison rallied to s s1.4. One lo'
of 200 New Haven brought lS4 rs, n rise
OF nearly 5 points from the last reported
sale.
The sales of listed stocks were 100, 800
sha ares. In the unlisted department
90. $50 shares of Sugar and 800 Lead
were trade In.
At public auction to-day 10 shares
Consolidated wire Works Co. of America
preferred. sold at "a IL; 90 do. com
mon. NJ II: l6 United States Projectile
Co., at 100, and sl2. WO second mortgage G
per cent. bonds THE Gerlach." West
Twenty-seventh street, New York City.
at 10 is.
The Closing Quotations.