New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-07
EXCITEMENT IN SUGAR.
1T FURNISHED OVER ONE-HALF OF THE
TRADING.

TRADING.
SHAMELESS MsNIPULATIoN OF THE STOCK BY
THE TRUST MAGNATEs-No STATEMENT GIVEN
OUT III THE TRUsT-JoHN DE WITT WAR
NER's EXPOSE OF THE COMPANY.
Led on by the belief that the Sugar manlpuators
intend. If possible. to force the price Of Sugar
certificates above par again. crowd Of noisy. ex-
cited and eager brokers gathered around the sugar
post In the Stock Exchange yesterday, ana traded
in that stock Some who have little faith in the
ability OF thefSugar ma gnatcs to put the price above
100 heavy sellers. and in the first hour OF
business the remarkable amount OF 5000 shares mad
been exchanged. In the cary hours OF business on
the Stock Exchange the Excitement was intense
and at all times during the hours Of trading there
were gathered in the Sugar crowd men VINO seemed
nearly crazy. either from the excitement Of seeing
such n movement in stock from the pleasure OF
realizing big profits from the disappointment
OF seeing profits swept away.
Sugar has sent more than one man away from the
Stock Exchange with aching heart and an
empty pocketbook 1t has brought fortunes to
others. but they have been principally those who
enjoy the advantages OF being on the inside with
the Sugar Tiagnates.
The Sugar Tris.. the American Sugar Refn-
ing Company. has worked the stock market in
manipu.at ting the stock such extent that MIL
Ions OF dollars have been made for the leaders In
the Sugar management The game played by the
Trus; has been shameless exhibition OF perndy
and Gishonor The man.puators Of Sugar have used
the Stock Exchangc In way tina; would JUSTIFY
that Institution In striking from liz boards Sugar
stock The Exchange has too long allowed an I'M
listed security 10 monopoize the business Of the Elk
change and Il would show its position 80 big
legitimate business mart by furnishing the Sugar
Company.
NO STATEMENTS REQUIRED
A company which has rs stock in the unlisted
department OK the Stock Exchange is not required
TO give statements Of It's condition. and so II Is
that when stock is unlisted the company Is often
said to have something II Is afraid TO make public
Tho Stock Exchange looks upon the unlisted de-
partrnent : n danger signal and those wlo trad"
in many Of the unlisted securities do 30 at their
own risk The unlisted department Is supposed to
have only those stocks which are not actively
traded In some o, which merely want quotation For
the last egh, months the unlisted stock OF the Ameri
Sugar Refining Company has practically monopo
lized the trading Its influence upon other securities
has been hurtful and az stocks are more or less
sympi thetc the entire list Is often ar led by
the movements OF Sugar. and every time this oc-
blow is given TO the course or prices when
loss 10 the stock and distrus To the traders
The rights OF stockholders who hold the stock for
investment Juggied with in the most cxtraor-
binary and harmful way: and In the interests of
legitimate and honorable trading. pun
ishrnent shoad be meted out to the hackers and
manipulators Of stock like Sugar
The statement which the directors OF the Amer
lean Sugar Refining Company promised 10 make
public yesterday not given out. but AT the
once OF the company {, was said tina, It would ap-
pear to-day. Yesterday the price nuctuated be-
tween Sc. and -. losing in the day q. points The
number Of SHARES sold 10. i,) than
e-half Of the total business OF the Exchange.
MIR. wARNERs PAMPHLET
pamphlet on the Sugar Trust by exCongress-
man John De WIZ Warner has Just been pub
u.h.i by the Reform Club. Il presents the sum
MARKED results OF an investigation reaching every
Gamer VI the lnlied States and based upon what
Is evidently m enormous collection OF original docu-
Notwithstanding accounts correspondence, MN
uto. and proceedings OF local orgsnza,lons-wheh
lay open to view the workings OF the sugar
Trust from Its very beginning along the lines In
which II mos, directly affects the American people
The secret history ia given Of 4 complete system 81
wholesale grocers associations each subsidiary to
the Sugar Trust and paid by 1t "A generous commits
sion on condition ~ keeping the price OF sugars
up to the point dictated By the Trust: while the
comics Of correspondence and accounts furnished
leave nothing to be desired In the way OF accurate
detail
The authors conclusion is perhaps the best sum-
mary % the details given He says;
with the sprcckcses in control Of ii~aiI. ana the
Uayerncycrs extending their plantations IN una
tho - dictates - every blaEch ~ sugar pro-
duc; and Dis tribution In the nltci states TAX
ing under Its wing every one cohc'i heh cNS'P,
those VINO consume slear. From IT'S once. AT
10 III Wsil-st cable messages ny daily 10 us
agents In Cuba fixing he price or raw suShrS
there. 10 San Francisco. announcing "tuOin par
i,v al which arriving Hawai- sugars are To De
valued: Louisiana, telling her Planters ""a III ~
view OF Cuban and Hawa ian prccS-thr, lFu.t
condescen.s 10 offer for American sugar ana % us
rcnresentaves ali the world. giving the liihll
based on Cuban party-at whlcn they can p'oh u!
Austrian JayAn. Philippine. Brazilian ana otner
sugars when these are temporarily depressed ~
prlce In an adjoining room tac Puotl'onS ~ ~
above which the subservieni dealers throush"u W
coun;ry ar. Permitted To sell sugars TT" uiHf
settled and through the four great sugar ptoHe.s
vbo stand nearest the throne these are passed 20
,hc forty others who await the Sugar Trusts hod
~ Nrw-York and tclcgraphel . the waiting nun
Jrels IT. other cities of the land Ines' ~ luIii
% promptly notify their patrons. me thoustnu9 ~
rr0ccrs OF the country tldt bcl~i' '..'
doors are opened all danger of any purchaser sr'-
ling his sugar below Trust prices Is over ior tie
Az nv discount from his bill or periodical remit
lance as the case may be. each fiithiui whole
saier il promptly and literally paid Tor MS 'oydlty,
and whenever in the crisis OF legsiauon ne near
80 huyo call OF the Trust. he Instantly steps INTO
iine ready 1, lombard his Congressman Win teie,
Grams or fight him with ballots AZ snort range
mil tho Sugar Trust cause Is triumpniht ,,
The Sugar Trust dictates the tribute Jhat s'ai'
h.. ro,dered II by the American people Inc whoIe-
s,Ie gr,-ers are rewarded by whatever OF hrseHS
tho Trust think. necessary 70 insure ther ioyny'
"a nd The public The public be damned anu II
IT,