The evening world., 1894-03-08
SUGAR DOWN AGAIN.
Enormous Sales Made Amids
Great Excitement.
General Market Hurt by the Jug
Cling Tactics.

II was all Sugar at the Exchange this
morning. and nothing else was talked
about In stock circles. Those managing
the pools in this speciality have got the
traders badly mixed and they can prac-
tically make the price what they plea Sc.
Having got the ger erai run of specu-
iators long OF the stock at 9i-95. they took
measures to freeze OUT the unfortu-
mates. the price being put down from 81
to 80 IA. under a perfect avalanche of
offerings.
AS soon as the gong sounded at IL
O'Clock sales were made simultaneously
from "a down to s2 and during the first
hour nearly $1,000 shares of the stock
changed hands.
Washington was again brought into
play, a rumor having been started that
the Sugar Trust had struck another snag
in their fight to have a discriminati ting
duty placed on refined material.
the dealings were attended with con-
siderable excitement and the ground
and lofty tumbling OF the stock finally
hurt the general market.
The brokers are hoping that the Senate
Finance Committee viii not longer de-
lay Its report, as the uncertainty plays
right into the hands OF unscrupulous
spectators and is harmful to the bust
i''c VI Niit NviHlulSslul IlDuStS.
l.ackawanna rose | rs to l67 l2: Atchi-
son. l-2 to II 3-S, and Wheeling Il Lake
Erie preferred to 10 is Burlington 4
H"f "s ae'pfa ie u 3D. s. s. 70 2as 81 Is i to SSestG 81 s
Lead preferred. 1 IA to 10 l-2 and West
ern Union. l-2 to Sc 81. General Electric
rose. to a. "a and later fell to 4s "a
National, Lead after rising, 1-2 to 81 J.:
Consolidated Gas Jumped to l35.
4 is now stated that only 100, 600 gold
shares. OF which 125,o00 were sugar
Following the publication of the recon-
mendations by the Senate Committee.
to- q 3-s on the fact that the tax on
whiskey is made 10 per gallon and the
bonded period is extended to eight years
Delaware & Hudson sold up a couple
up and down frequently, but within a
narrower range than during the morning
There was a fair borrowing demand
commanded i-256 premium, Louisville
LIPS a 1856; Union Pacific, fiat, to LIPS
Western Union. fiat to l-256; New Eng.
land, Erie. Atchison. Lead. General Flee
tral. LIPS to 1-s4' Rock Island. ST. Paul
Sugar, Chicago Gas, Distillers' and Mis-.
souri, Pacific fiat to per cent. for carry.
Ing.
Foreign exchange was quoted firm by
the bankers at 4s7 a 4sf IA for 6O-day
sterling bills and 1881 a 4SS "a for
signt.
The United States sub-Treasury had
debit balance at the Wearing House
to-day of $27l,OO0. which was liquidated
, In notes.
The prospect. OF heavy gold ship.
ments on Saturday has diminished, ow.
Ing to an advance in sterling In Paris
The steamers on that day may possibly
| take out 81 ,0C0,0 900. but II London In the
! mean time should buy stocks, the
| amount forwarded would be even less
The Bank OF England rate OF dis
| count Is per cent. The proportion OF
reserve to liability is 6O32 per cent.
against 56.3S per cent. last week. and
| bl.S2 per cent. last year. Bullion in tn,
bank during the week increased ZOOS, 900
and reserve increased 1911 600
Bar silver In London fell 3-sd. Il
q I'D. per ounce. Commercial bar her,
declined to So 7-s and Mexican dollar,
! to 4S.
Sugar and the reported connections OF
certain Senator'S with the ups and downs
or the stock continued to be an interest
| Ing talk OF the street to-day. All at.
tempts to see Mr.. II. O. Havemeyer, OF
the American Sugar Refining Company
failed, as the only statement that could
be obtained at the Office OF the Company
was, We have not seen Mr.. HavemeyeI
here to-day. nor do we know where
he Is"
A similar reply was made when Mr.
Searles: the Secretary and Treasurer
was asked for.