New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-29
locks FALL OFF A BIT.
,,rssING EFFECT OF TIE NEW
TARIFF LAW
srGAR AND wHiSKEY SHOW LOSSES
.rxrp,l. DISAPPOINTMENT IN WALL.
STREET AT THE PRESIDENTS

LACK OF BACKBONE.
exoected and predicted by the warm sup
~ President Cleveland's Administration
r'".,. minute the German Tariff bill became a
''1 .hsre would be a big boom in the stock mar
"'' 18th prices flying skywarl. Realization Of
t homes seemed somewhat certain after the bin
'' arslly passed by both houses. and for several
va IN. market was strong and advancing. Yes
'",v however. there was nothing in the stock
- that made Cuckoo Democrats feel happy.
y" 40, the manipulators OF the watered stock
~. rs,s and monopolies felt the keen edge OF
continent over the course of prices. which
o'Sf all times downward The much heralded
s~,, 81 the final disposition OF the Tariff bill
s.,. President did not appear in the stock mar
'" md people who have been anXiously awaiting
higher prices III A'ie'''"" '' ~
"a and Disguised.
mas generally conceded that the effect of the
.,m becoming a law had been discounted in the
va We, and that the Improvement. II any would
y. ~ rapid or of q sky-rockety nature. The bene-
~ ~ the bill, which was passed at the dictauoh
as ., the interests of trusts. have already been
' "A nv these colossal institutions. and so. while
I s ,romoters of these industrial companies re-
~ uttle encouragement from yesterdays prices
W" ,srs In a measure content. Throughout the
-. period of tariff agitation the trusts nave
Wa harvest by their audacious manipulation
' ~ market and II may be that their speculative
rs IN stock CANDLES VII! not no" Coi'i""' WV"
tuch success Before the bill was passed
~. worked the market on the different reports
w, out from their lobby in Washington, ana
e " millions Now they will reap the prohts on
~ sale of their product made possible by the
'.,,sc,ion sold to them by United States senators
y. oounteuanced by the whole Democratic Al
ninistration' .,,
.,s.ppO1STFD AT MIR. CLEVELAND'S ST
RENDER.
p,.s,dsnt Cleveland's lack of positive action on
a.. German Tariff bill has created general surprise
=, the banking community. and even his warm
nor,ers are a triie worried over the backdown
:. made from the independent principles he was
nosed 10 possess Most bankers are unwilling
,nrsss for publication opinion on the sur
-, ~ the President to the Will OF the sugar
~, Uhskev trusts, but they take no pains 10
,,ceaI their opinion. which Is against hiH' Ihere
~ ceiling in Wall Street that. no matter how bad
80 hill s II is useless TO give 1t much discussion
s.x hut to accep; 1t for the present and nope ior
q. speedy repeal by another and better congress
n~..;aant Cleveland's letter TO Congressman
,..sh,res NJ Mississippi is considered weak and
,.r.r,aole apology for allowing the bill to be-
80 Law. especially the paragraph In VINCE ne
.,e-s n trusts and combinations lie sald 'he''
ordinations had prevented the Demoeia''c pn'
,-o, reaching the success II deserved an" .
,hsv should not be forgiven nor forgotten i'.
.,r.ggle for tariff reform. ana encourages wv"
nv allowing the bill to became law.
800. Clavelands remarks in his letter about
..,,s ~, the tariff agitation were received d.
h.., argument and brokers were extremely u's
ns,ssd at the utterance The opinion seems 10 pre-
vail that the stock market and the genera justin
Of the country vii. receive meagre dement, i'o'' "a.
settlement, OF the tariff question If the whoie 'ro"o
:. % no onened again in December As the present
T,-@a her
rs efforts 10 improve on the present measure "ou''
y. crowne5 with success, and every business man
ho,ss that the bill will be left alone until iho'e
intelligent and honorable Congress goes INTO DOVE
The f,ilure Of the Distilling and cattle rteu'ne
Company 10 secure loan with which 10 ''"e "
goods out o., bond has, II is conceo-l' nun ~"
marker for II is now believed tina; the negotiations
on the part OF the company 10 secure inc ino''y
were not carried on with sincerity. IL u pe'e'eu
that the chief speculative spirits In the company nave
worked the market, on stories OF It's possible dement's
from the new Tariff bill TO sell the stock ihey nav
been carrying for the last few months Me'hous y.
this kird are not unusual with corporations ina
.; 70 bleed ;h PeSSps snn o. iessaor
whlskey people deny this and ,hey "a! tm h-sne
wey trust and ndependen, d snsme W Court TO
i,st Tho validity OF the new Tariff law Mien ii1
shiskey put in bond the ownst ao w. gallon
% furnish bond pay tax OF - cen,s e" VII
She Whiskey Trust asserts this Is contra -
Inc Government Leading lawyers assure ne ne,
that they have good case. and IL is said 'a a 90.
stor Gorman takes this view OF H. TIE Wnsf KEY
Trust withdrew about 5cooe gallons OF Spi,'I nave
ID ic,o 80 80 gallons yesterday. They Sun have
large amount in bond. and VII pay '"e - ~ va"
Under protest. on future WITHDRAWALS
wuisKEy AND SUGAR SHOW A LOSS
The dealings yesterday in Distilling stock were
ever 300 shares and the stock showed JOSS Oh =
per cent The American Sugar Refining Company :
certificates also showed a loss. did almost the en-
tire list People who have watched the fluctuations
Of the trust stocks. the progress OF the iho"sie
Tsnn bill and the end OF the so-caiied Democra,'e
zmpagn of education are now sas i xo ,vs
Wall Street is discussing with eonsiderao5s m
,sest the reported friction between Presidehs
commani.v y is honei that the bad feeling between
he two men will result in placing an9Ihsr ma.
san ns pf By The NswSork Times consde5ed
scTeary Cariise's days as chief of the Treasury
Department numbered The Secre,aFy r and AZ AZ
untrue the published statements about his VISIT 70
he ONCE Of the American Sugar Refining C0h 1lpai
time while in this city the office Of the s sgai
brokers' walking down Wall-s,. toward the Sug g,
Trusts building and others saw him enter .T inside
not known. Perhaps ne stood IN the MAJ ;n iC
naked with the elevator bOy for Of the hs Sugar Trust
~ occupies the entire building. ,., hnre. .,
George Rutledge Gibson. Of the bankihg nou'r g, ~
watson & Gibson said IN speaking OF the nv 40 ~
The Gonna n Brice Tariff bill becomes law oy
me expiring Of the time allowed Tor lis Ve'o ~ nn
now under the regime Of Democracy ana itS AZ az
holy alliance with Popusm in ne opnoxiSus es
eliminating inuusitorfal income tax But me az
Gent has spoken and as the head tbut lateiy u,S
S[eo a oracle Of his party he e, ,nrnishe,
vantage ground from which must De vas ~
adar,ner aggressive operations Agaln: ~ Renre
despair OF the efforts made by the House OF IeP h
sena;ives to supplement the bill already p''Se' W
'uiyner legislation , . xu,,ord 4, y,
The country that has been disposed 10 reeara ~,
arm Question settled for few years ,o 10 be re-
emed next December that. after three iiio ~. dnmt
NE whole subject will b. reopened' anu rxe INTO
sate uncertainty while the President ana n
Rssy again undertake TO conduct our =, ~
tarther In the direction OF free trade Inose WI,
Ave felt that the present b i, IT. raa part,
praetcally said: We are going 10 ketp i ,' ~ th
s1g until We get all We want ~ ne ier We hay,
s%Sctry next November will surely De: 80 r,h,l
~ We want now Bulls had better MAKE n .ss carn