New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-06
nrvIDENDS ON SUGAR.
ov OF THE DIRECTORS OF THE
TRUST
r,tD FROM EARNINGS PRIOR TO SEP
TEMPER i-REroRT THAT a STATEMENT
.,.,,, ZEE GIVEN OUT TO-DAY

-,,srR 1-REPoRT THAT A STATEMENT
Will. nE GIVEN OUT TO-DAY
ACTIVITY OF THE STOCK.
III for the purpose Of working the stool,
Lss' ~. American Sugar Refining Company
ma'A' LAST one member and possibly more of the
or q. ~ directors. caused to be circulated the
po1 of a reduction in the quarterly dividend
runv' IN January. Yesterday, after having seen
Psaory response in the stock market the regular
nsprd was declared as follows:
dis'u't norton Of the preferred stock which is
VI IN 70 a quarterly dividend. Is. per cent; on
emu. .or,ion OF the preferred stock which is en-
tna' "a semi-annual dividends. Sla per cent; and
u" M common stock the regular quarterly divi-
asoa Of per cent
TO sep'emoet j. ,,,., has ,oor ,,,,>, .. :, ,,o
I'D Of Directors OF the Sugar Trust was
bOs.' .v,dent at the meeting yesterday. Mr..
nNS ~nsver believed that the dividend ought
h' reduced. but he was not supported unani-
CIV In fact. he was 'downed' and had
-,r. IN 10 the other directors. AS rule. when
y. ,,rsctors Of the American Sugar Refining Com
" meet 10 declare a dividend they go into ses-
~ At j o'clock and are out by $50 Yesterday
81 d;d not adjourn until after o'clock and all
~ ne there was lively discussion going on. and
s beleye that one result of the meeting may be
s s OF course il is not limited that he will re-
rs.et his own accord. 1t Is believed that there
ny W change before long in the management of
wa snmnanv \ management which refuses 10 let
M % s,ockhOlders know about the condition or the
ia s might well be dispensed with.
e"sarar the meeting IL was announced that to-day
,A.s.ornany would make public a set of resolutions
G s,% had been prepared for the consideration of
Em. rsss II is supposed that Mr.. Havemeyer's re-
eou s snteryiew on the depression in the sugar
se..s,sss Will be the basis OF the resolutions 1t
eus. sis, said Yesterday that besides the resolu-
Wa statement night be made In reference 10 the
u yyn,,ors between the Sugar Trust and Congress.
r ,s true that resolutions have been adopted. 1t
on ;.vors from Congress for the Trust and that
n.y. ~. statement Of the relations between the Trust
- Ia congress has been prepared 1t ought TO be
aAc orfsssion Of the Infamous and scandalous bar
~ between the Democratic party and the Trust.
ss Th, renort that the Trust would make state
-. ras received in Wall Street with amaZement.
=. vs. moi necessary say that II was not believed
H. ssar]es the secretary OF the Trust was asked
as,srSay II the company had decided 10 make pub
Ia Ne annual report due nearly year ago. but he
h,ok his head and said he could not tell Whatever
iii he received with great interest not only in
Wall Street but all over the country. 1t Is not
,hoyght however. that the Trust VIII give out any
statement worth reading.
Tba transactions in Sugar stock yesterday were
.nornous amounting 10 nearly l720n shares. The
s,ock gained in the day $50 points, and there was
: hiz buying for inside interests. The inside IN
.s-ssts got the stock at low figures last week on
,ssir manipulation OF the market: they repeated
,bs oneraton Yesterday. and they expect 10 see the
sock at par again when the profits VIII be made.