New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-02
SUGAR SUDDENLY SUBSIDIES
A PAUSE IN THE MANIPULATION ON
TARIFF PROSPECTS.

WALL STREET SPECULATION AND WASHINGTON
CoMPRoMIsEs-THE SUGAR TRUST PLEADS
POVERTY WHEN TARIFF CHANGES ARE
PRoposED-BUT BIG DIVIDENDS Go
on AND THE ANNUAL RE
PORT Is SUPPRESSED.
Tho roan,,plators OF the stock Of the American
Sugar Refining Company had some rest yes'e'"d''
There was a drop in transactions at the 9'ocN 80
change from nearly 10000 shares on Mo"'@H ~
about 10000 shares. falling OFT III p"9"
nearly 80 per cent must have caused s"'Pi'se, @"
we'll "a q loss of commissions. among the DToKeIS
who trade for the Sugar Trust. There ""9 io''9
20 explain the tremendous decline IN acl''"S' ~
storm prostrated wires between NeW-1oIh anu
Washington. and there was no strike oi "es,' "S
that would have isolated the big Dulu'ia IL 90" '0'
OF Wall-st from the curiously shaped pui'u'HS "'
vasssu-st in which the fortunes Of Congressman
are often made ana lost. TNcre Was 10 CfciV"S ia
the consumption Of sugar overnight ana no N''o'
nev-Gencral Of any State Instituted ant-UuS' P'o
ceedings innocent spectators who dapo''d III '"'
stock OF the Sugar Trust were at loss TO 'h' o"'
why the gyra;ons Of Monday were not NuI.lc'''"
But there are wires and wires foSsioN "V
grapevine" telegraph from WASHINGTON 'OD' I
Sugar magnates to moderate their enthusiasm W,
the prospect Of n new tariff BIZ that would give 'e
Trust all the fayors IL asked Peop.e H"'s'' -"
TO inquire as to the meaning OF Congress I'N"'''
tons and Wall Street manipuiatona' u - ger .''"
that legislation On the tariff at Washington mas
been ATTENDED by some Of the widest variations ~
Smear stock which have ever been seen. Inc prev
has rushed down precpitaieiy wheh Whispers O""'0
from the National Capita that the people were ~
have free sugar for the breakfast taD'e' l"9 s'''
boon has been held mp by Democratic s'a'oS.i7" do
an achievement that would be worth the h'cAlhS
over Of a dozen treaties that might assure "ie eN
mansion of a market for American asrcuI'uIdl
products The farmer could console himself ior the
loss of a dollar or two on his wheat or co'"' " "'
had the privilege Of sweetening his coffee or Tea a'
saving Of few cents 1t Was .rl,hinri6n 1c
ured down The eNpSns % I e sppcIiatofs 10
hreak Inc pricr of sugar stock in the unlisted IL
partment Of the Stock Exchange - o... -,
But after prices at the Stock EXchahsS- Voj mo- a.
the grocery store) mad been run 10 to 10 points
below par the Democratic statesmen al W a.
ttS'e, farm biz it was the, protection on q
broad basis which the country h@t Dern
to unler quarter century OF Repnpican rus u
was the protection, which q m9nop3F III one 81 81
paving i per cent annual dlNl1ehds ,, T., .,.
80 ''cOmpronlse" became the watchword IN INC
ruling circles al Washington; private ieicsrapth
confidential MESSAGES ana i Leans iIo ,b IN
friends of the sugar Trust would ask would Doe
granted Sequel bulge IN sugar r siocK t l ,9
nearly reaching half OF the total dealings a. '"e
The managers OF the American Sugar Refining
Company are crying at the doors OF Congress SoI a
protection that VIII enaDH lheln 10 uStl4"u'' us
nrotits ON a watered capital They have made no
report of the operations of the company in W. am
have refused to assemble the stockholders since the
failure 10 summon quorum on January ~. lr'
the regular dividends of per cent quarterly on the
common stock of the company have been declared,
and the managers continue to plead poverty when
ever 1t IS necessary to secure favorable legislation
from Democratic Senators.
The whole scheme OF tariff reform proposed
by the Administration is threatened with abandon
nent IN order TO satisfy the manipulatoTs who can
put Sugar stock to l07. and who threaten TO de-
feat bills in Congress unless their terms are
coded TO- And while Wall Street spectators hang
On the 'tips" that may float out of brokerage
Buses that have Senatorial connections. the United
States Senate sees reason for comm!ttee Of in
yestigatiOn and the authorities Of the Stock EX-
change permit dealings in a property that by
son of being in the unlisted" department. escapes
the necessity of reporting It's earnings and opera
tions in the way required of even the most nsignih
cant railroad on the regular list"