The evening world., 1894-03-08
SUGAR DOWN AGAIN..
Enormous Sales Made Amidst
Great Excitement.
The Pool Is Working Matters TO Its
Own Satisfaction.
General Market Hurt by the Jug
Cling Tactics.

1t was all Sugar at the Exchange this
morning. and nothing else was talked
about In stock circles. Those managing
the pools in this specially have got the
traders badly mixed. and they can prac-
tically make the price what they please.
Having got the ger eral run of specu-
iators long of the stock at 9i-95, they took
measures to freeze OUT the untortu-
mates. the price being put down from %
to 50 IA. under a perfect avalanche Of
offerings.
As soon as the CONS sounded at 10
o'clock sales were made simultaneously
from o. down to 80, and during the first
hour nearly $4,000 shares OF the stock
changed hands.
Washington was again brought into
play. a rumor having been started that
the Sugar Trust had struck another snag
In their fight to have a discriminate ting
duty placed m refined material.
The dealings were attended with con-
siderable excitement. and the, ground
and lofty tumbling of the stock finally
hurt the general market.
Finance Committee viii not longer de
lay It's report. as the uncertainty plays
right into the hands of INSCRIPTIONS
spectators and is harmful to the busi-
ahNSe ~ az iouotSs
Lackawanna rose | rs to l67 l-2; Atchi-
son. l-2 to IA .3-s, and Wheeling & Lake
Erie preferred to 40 rs: Burlington &
Gas. rs to 81 10, St. Paul. SIS to 81 IS;
e eTa1 th ne' = to IS -, General ne AT El = tTt:
National Lead after rising ia to 81 i:
Consolidated Gas Jumped 3 to 1888. -.
It Is now stated that only 81, $780, 900 gold
vtI h. aAtN~aI az 70 an al.
shares. Of which 125, 900 were Sugar
Following the publication of the recon
Pis,iliers! su GS tse as ssnaee Gfp from = s.,
to q 3-s on the fact that the tax or
whiskey Is made ST. per gallon n thu
bonded period Is extended to eight years
of points, Sugar was feyerish and moved
up and down frequently. but within &
narrower range than during the morning
There was a fair borrowing deman,
commanded 1856 premium. Louisville
l:l2s a 1856; Union Pacific. fiat. to l.l2s
Western. Union. fiat to l:256; New Eng
trio and f.ackawanna, nat; n. Y. Cen
trail. 1-l2s to l-64. Rock Island. St. Paul
Sugar, Chicago Gas. Distillers' and Mis-
souri, Pacific fiat to l per cent. for carry
ing.
Foreign exchange was quoted firm b,
the bankers at 4.S7 a 4.S7 IA for Coda,
sterling bills n 4.ss l-2 a 4ss S-i fol
sight.
a debit balance at the Vlearing-Hous
to-day Of s271 900. which was li~quidateC
In notes.
The prospect Of heavy gold ship
ments on Saturday has diminished. ow
ing to an advance in sterling in Paris
The steamers on that day may possibl,
take out $1,000, 900. but II London In tn
mean time should buy stocks, tn
amount forwarded would be even less
The Bank of England rate OF dis
reserve to liability is 0.32 per cent
against 56.38 per cent. last week. an,
5l.S2 per cent. last year. Bullion In tn
bank during the week increased f29S, OOt
and reserve increased 1911 900.
Bar silver In London fell 3-Sd. t
q I'D. per ounce. Commercial bar her
declined to 50 7-s n Mexican dollar
to 4S.
Sugar and the reported connections O
certain Senators with the ups and down
OF the stock continued to be an interest
ing talk OF the street to-day. All at
tempts to see Mr.. H. o. Havemeyer o
the American Sugar Refining Company
failed, as the only statement that coul
be obtained at the Office Of the Compan
was. I'VE la not seen Mr.. Havemeye
here to-day, nor do we snow wher
he is."
A similar reply was made when MI
Searles. the Secretary and Treasurer
was asked for.