The evening world., 1894-06-06
SCRAMBLE FOR SUGAR
Action of Senate Puts the Stock
in Great Demand.
Price Advances Point and q Half
IN Early Trading.
F~ifty-f1ve Thousand Shares Sold In
the First Hour.

The bulls had 1t all their own way In
the sugar crowd this morning. owing to
yesterdays action by the Senate on the
sugar schedule. This. II finally adopted,
Will put millions OF dollars into the cot
fers OF the Trust. but as a hard struggle
In the House Is expected. developments
IN that quarter may induce the insiders
TO make several quick turns at the ex-
pense of the spectators.
When the gong sounded at 10 o'clock
at the Stock Exchange the Sugar post
was the only one that had any attraction
for the brokers. An Immense crowd
gathered. and no one seemed to care
about the price OF any other speciality.
Az soon as the days business was In
augurated fully 10000 shares Of Sugar
had been sold In about ten Sec
onds. The orders were executed 50 rapid
ly that the brokers hadn't time to mark
down the names OF all the buyers and
sellers on their pads.
The stock sold simultaneously all the
way from l07 to loS. against i0C "a last
night. Then came a food OF offerings,
which carried the quotation back to
l07 ~, but the pool a placed big buy
ingo orders on the recessions. and n rise
to los 1-s occur red. The trading In Sugar
during the first hour was $1,000 shares.
The general market. after ruling slug
Eish TO- a time. moved towards a higher
level under n lively demand. The Gran
gers and Missouri Pacific were espe-
cially strong. purchases being made OH
me reports that the Interstate Com
merce law In likely to be amended so
tha; the railroads can pool under GER
,sin restrictions.
American sugar preferred rose 1 "a, to
St. Par H'i i. 10 g. "a; 9 RoeEy Island ,is, % az q 10 70
IS Ia; Missouri Pacific SIS, to "a 7-s; Erie
6:s. to II -; Erie preferred 5-s. to rs;
Northern Pacific preferred s-s. to Is 3-s.
was heavy, and declined to ia. the
loMest figure yet touched.
h Trunk Line Commissioners will
meet tomorrow to consider the Lehigh
Valleys demand for a larger percent
age OF w~est-bound passenger business.
A the annual meeting Of the Canada
southern Railway Company to-day. the
statement to be submitted OF the opera
lions OF the Company for the year ended
Dec, 81. 1899. Will show net earnings Of
come $463. $50. against s4OS, ZIG last year:
"a balance sia; $685. against a deficit Of s!l-
against sifs,6s last year. ''"'
Earnings OF the Missouri Pacific for
decrease OF $IB 600.
The Commercial Cable Company has
declared II quarterly dividend OF "a
per cent. payable July 2.
Sugar ran on to log 5-8 after midday
but the effect upon the general market
was very slight, speculation being char
acterized by a firm tone. The volume OF
business was small.
Bar silver in London rose to 2S 0-lsd.
per, ounce. but Commercial bar here
declined to G2 Ia and Mexican dollars
to FL 3-s.
Money. remains ! per cent. on call and
2 l-3 to ; for 4 to 9 months.
Foreign exchange dull and steady at
Nj ~ t.S 3-4 for bankers eO-dav bills,
and ABS Ia a 4.SS 3-4 Tor sight. The de-
mand Is lighter than for some. days.
The stockholders Of the Rock Island
VIII hold their annual meeting In Chicago
to-day. The officers AMI directors will
be unanlm, usly reelected. The report
will show IA per cent. earned on the
stock.