The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1894-12-14
swetTENED STOCKS.

this country has reached climax on
the stock exchange II. o. llavemcyer.
the head OF the Sugar trust, ana ms
friends have finished their game ana
pockctcd their immense gains. thought
10 reach into the millions. For weeks
Mr.. lIavemeycr proclaimed that the
sugar industry was practically on the
edge of bankruptcy; that il was rapidly
succumbing to the ill-treatnent he al
legged il had received from congress.
and finally he made his bold stroke OF
pretending To discharge all hands
from the sugar refincrie> Of the trust
and talked of closing those vast hives
up for an indefinite period.
The price of seventy or seventy five
was whispered as the proper figure To
which Sugar should slump. and II
started towards that point at rapid
gait. There was strong opposition,
however, and il reached n low turning
point at eighty-two. and then for sew
eral days there were clevcrly scattered
points about IA reduction OF quarterly
dividend. which was due about this
time Yesterday the manage rs got to-
gcthcr TO decide on the dividend.
While they talked and talked, the floor
OF the exchange bore evidence To the
fact that big following Of brokers
had been let into the secret of just
what the sugar managers were going 10
de- There was some talk of opposition
To the Iiavemcycr plan, but none Of
the managers wonld talk.
The fact is that after the whole day
had been used by Havemeyer through
his well-postcd brokers. and Sugar had
climbed to - on transactions OF
about $4,000 shares. or nearly the
entire common capitalization Of the
trust. came the voice from the board
room that the dividend should remain
as nj present. : per cent. per annum on
the preferred and T. per cent. on COM
mon. In declaring the common divi-
dend il was not even termed "A quar-
terly dividend and here the explana-
ton was tackled on the declaration
that the dividend was ION earnings
prior To Septemb Der H. There was not
"A figure or an explanation beyond this,
although it was promised that stock
holders might expect some figures
within few days.
The gigantic turn had been made,
and the country now sees "A l. per cent.
stock selling at less than 90. while an
\ York. New Haven Il Hartford. is
quoted at 1913. The difference in these
figures measures the diStrust which
The investing public have for Have
meyer and his partners.
This dividend keeps the Sugar trust
in the IL per cent. class. and shows
what fine. fat mine this monopoly il.
| Five ears ago siO0.OOO worth Of sugar
stock at par might have been bought
at seventy: that is $4,000 would have
been the actual Investment. In that
time :, per cent. has been handed ont
in dividends. or SIS. 200 has been paid
over To the stakeholder. who still has
his 500. 900 face value of stock, which
he can sell at eighty-nine or better at
any moment. So the account would
stand
,o>t --.-+- t---.-...'. II. .-..-.---...- $500
| Dividends received. ......+...........--.. ssW
Present selling price. ..........-.... $500
This il one of the fattest monopolics
the world has ever known. Not con-
tent with this crop Of returns. Have
never and his co-monopolists have been
working the market as well. 1t il
said that they hold majority Of the
common stock. This would he abou;
2OO.Oo0 shares out Of $4,000 out
standing. This big batch dolcd out e
the street at lis or better and gath
cred in at eighty-ive or better, would
yield net profit of $50 per share. or a
scoop Of about $4,000. 900. All tina,
was necessary to have as capital was
an INSCRIPTIONS. grasping DISPOSE
tion and a seat inside the board fru,u
which to work on the advance in
formation. and the whole trick was
\ done. 4 monopoly which admits
Of speculative profit Of millions in a
few months in these times. even with
legislative assistance, is "A very fine
field to work. and the lIaveneyer pco
Die are working il for all il is worth
Assuming trust holding, including
Mr. llavemcyer's followers and friends
of 200. 900 shares. then five years show
ing would stand thus:
Face value. 5000, shares ss0 600 OK
Cost FIVE years ago ............... iNnH'
| Dividends .. ....................... 1850 III.
Present selling value. ................ II 500
Profit accrued 10 the holders In the
ring independent Of lobbing opera
tions ..... ACKNOWLEDGEMENTS. ls,Fpv
This on the assumption. no doubt 4
violent one. that the IIavemeyers
started in at seventy Sugar. They
were no doubt 10 below this. Then
too. the stocis has been kept in mos
violent ebullition on the stock ex
change. and I!avemcyer has always
been on the winning side there, 80 that
grand profit of sj,.0oJ.oOo would no
bc out of the way A. representing what
Sugar has brough; To the liavemeyel
people.
For the Public safety.
WASHINGTON. Dec. Mr.. Draper. o
Massach offered in the hous'
Yesterday bill which makes il I'M
lawful for any common carrier 10 hau
any car not equipped with automatic
couplings or any passenger coach tina
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