New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-29
Total 80 co.'s IS 4s3 500 So 7o2 2i5 Inc s2es3i7
THE WEEK IN WALL. STREET.

Heavy dealings In the stock Of the America
Sugar Refining Company was the chief feature
Q. stock trading last week. A decline OF about
twelve points from its highest price OF the year
was registered on Thursday, and Il closed the
week at loss OF Sss points from its last price
week ago. II is useless 10 advance theories re-
garding this stock, for no one outside Of the
sugar clique knows anything about II, and all
attempts 10 search out the mysteries Of sugar
manipulation have met gloomy failure. A num-
Der OF alleged sharp and shrewd dabblers in
stocks have gone into the Street al various times
with the avowed purpose OF beating the Sugar
game, but none OF them have ever been able TO
rise superior 10 the skilled manipulatOrs OF this
very much manipulated stock Buy Sugar for an
advance 10 $50 and IT will decline to par and vice
versa Take tips and predictions from the most
trustworthy sources and come out OF the Street
with not cent In pocket. The stock moves in a
contrary way to the general expectation OF the
Street. and It's movements have baffied the best
and most skilled operators in Wall Street. Pub
lie spirited, whoe-soued. generous. patriotic ma
nipulatOrg control Sugar stock They furnish the
Street excitement: give 1t opportunities to ponder
,ver the abstract qualities OF their Sugar tips and
per contra offer in concrete form returns in the
way Of dividends, II any one Will invest To be
iure. they offer absolutely information to
investors about the condition Of the COMPANY
and everything has 10 be taken on faith but
that they are not losing money is proved by the
hgh dividends they pay, by the regularity OF
those dividends. and by the condition of the
sugar trade as regards supply and demand There
are many people who hold Sugar as an invest
ment stock. The ups and downs Of it's Stock Ex-
change price have no effect upon these divl-
dends. and they are content to hold such good
dividend paying security. The American Sugar
Refining Company is undoub ,edly a money-rnak-
Ing concern. and the management OF the bust
hess Is ably and carefully conducted; but the
Manipulation OF the stock is a serious drawback
the welfare of the Street and no honor to
those who lead the gamble The stock is an I'M
listed member OF the Stock Exchange, but fur
nishes rule more dealings than any three
other stocks combined.
The severe decline in Sugar Refining did not
carry any particular weight with the rest Of the
market. It is well 20 note this for II ehowed
The underlying strength of securities. and had
" not been FOR the successful bear raid yester
gay, values outside Of few issues would not
nave shown any material Losses The bear
clique failed 10 break prices until yesterday
when In the absence OF a good attendance on the
EAchanga. a well-englneered attack was sue
s.ssiuiiy carried through: but then. as in the
..St OF the week. no long stock came the
,,iaiket and IL can be authoritatively said that
'dise holders OF stocks. heavy operators and in
.vsto!s are not worrying over the future OF the
'i"ihet although they arc cOnsidera bly, dis
s's'eu with the attempts OF bear leaders and
oear small fry 10 lower values on the free-silver
aeitation in the South and West. AS much as
rssIoie has been made out Of the stampede In
sne democratic party toward free silver. and the
suauoilng platform OF the NewYofk Democrats
was used with considerable success In the stock
'afket. Many large operators and investors
Al; are OUT OF town. co the professional element Is
.n aosolute control Of the security market, and
"nhe u IS unable to force investment outside
'VuAoallon. 1t can sell the market of sufficiently