The evening world., 1894-06-06
SCRAMBLE FOR SUGAR
Action of Senate Puts the Stock
in Great Demand
Price Advances Point and a Half
in Early Trading.
Fifty-fve Thousand Shares Sold in
the First Hour.

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 hard struggle
in the House is expected. developments
IN that quarter may induce the insiders
to make several quick turns at the ex-
pense Of the spectators.
When the gong sounded at 10 o'clock
at 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
augurated fully 10000 shares OF Sugar
had been sold In about ten sec
onds. The orders were executed so rapid
ly that the brokers hadn't time to mark
down the names Of all the buyers and
sellers on their pads.
The stock sold simultaneously all the
way from l07 to les. against LOG "a last
night. Then came a flood of offerings.
which carried the quotation back to
lo7 Ia, but the pool had placed big buy
ing orders on the recessions, and a rise
to los IA occur red. The trading in Sugar
during the first hour was 5000 shares.
The general market. after ruling slug
gish fo~ time, moved towards a higher
level under a lively demand. The Gran
gers and Missouri Pacific were espe-
cially strong, purchases being made on
the reports that the Interstate Com
merce law is likely to be amended so
that the railroads can pool under GER
.aln restrictions.
American Sugar preferred rose "a. to
s6 IL; burlington & Quincy IS. to rs l-2;
st. Parl |, 10 60 3-S: Rock Island "a, to
6S IA; Missouri Pacific SIS, to q rs: Erie
and Northwest l-2. to l09 l-2 Atchison
was heavy, and declined to TIA, the
lowest figure yet touched.
The Trunk Line Commissioners will
meet tomorrow to consider the Lehigh
Valleys demand for larger percent
age OF west-bound passenger business.
Southern Railway Company to-day, the
statement to be submitted OF the opera
tions OF the Company for the year ended
Dee;, g. 1879, VIII lis show net earnings of
come si6S, $50, against siOS2l6 last year;
balance sl3aG6, against deficit OF Sal,
7@ last year; and surplus, $3.50 600,
Earnings of the Missouri Pacific for
the fourth week of May We're sG6S, 900, a
decrease OF $lC6. 900
The Commercial Gable Company has
declared II quarterly dividend OF al
per cent, payable July Q
Sugar ran of to l06 SIS after midday
out out me enEct upon the general marke,
acterized by firm tone. The volume OF
business was small
Bar silver in London rose to 2s 9-l6d
per ounce. but Commercial bar here
declined to 62l-i and Mexican dollars
Money remains l per cent. on call ant
| 2 IL to 3 for 4 to months
Foreign exchange dun and steady Al
4.S IL t.E 3-4 for bankers 60-day bills
and 4S l-2 q ass S-4 for sight. The de
mand is lighter than for some days.
The stockholders Of the Rock Islant
| Will hold their annual meeting In Chicago
to-day. The officers and directors vii
| be unanimously reelected. The repor
will show 4l-4 per cent. earned on tn,
stock.