New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-09
WALL STREET AND EXCHANGES.

Spectators in the stock OF the Sugar Trust
american Sugar Refining Company got badly
fooled yesterday or at least those did who were
not In the confidence Of the insiders. The specu-
lation is almost wholly In the common stock, the
dividends on which per cent quarterly. or l.
per cent year The preferred stock receives semi
annual dividends OF 81 per cent. or per cent a
year There had been talk that when The directors
met yesterday to declare the regular dividends
they would declare extra dividend OF 3 per cent
on the common. The common which closed tues
day 14ia,, opened at 144ie, and fell rapiuIy 10
40 which was indication that the extra diVl-
dcnd would not be declared and SO It proved only
the regular dividends on the common and preferred
were declared. The common stock closed at l4o's.
or as below Tuesdays closing The preferred
closed 10. gain OF Il from Tuesday closihs'
The sales OF the common stock were l2o'ooo shares'
or more than one-fourth Of all stocks dealt IN on
the Stock Exchange The dealings in the pre-
ferred stock only 90 shares. or course inc
insiders knew that the extra dividend would NOT
be declared and did not buy SUGAR; Inc o ,h.
Contrary. they had received Zip" that an extra
dividend was to be paid and they Dough, me tb en-
perience and the insiders the money' T., ~ sIngaa
make money on both sides Of the s,ock-on the
way UP and AGAIN on the way down. rhe -! mcet
ing were John + Searles. secretary and treasurer;
=. q. Matthlessen. William Dick W, IS ah1 rer
Henry @ Havemcyer the president OF the Trust.
who liz recovering from an operation ior apl.ei1l-
Trust. There story that crSSwd OF N"wa
rsE esisaors wh9 n wsF ra .S o. ns and
threatened 10 make trouble Ior ne rust III W., the
Trust obtained its charter. The story bad II that
the meeting Of the trustees occured IN !crsey 10y
No III wals; and no such scene as DESCRIBED BED
l T4s R mas BY WI law f be hsd jersey he
trustees meetings are always held IN the New
York Office.
Additional stock Of the Consolidated Gas Company
OF the par value OF $4,000 was listed on the New
York Stock Exchange yesterday. In some quarters
there was belief that the amount 10 be listed was
s3sisr0 AID that there had been hitch In tho
issuance OF the stock The resolution OF the Finance
Committee 0, the company. adopted on November 70
provided Cor the sale o.! only sNop o. STOCK neiI
actually sold can be listed on the Stock Exchange:
The last lot OF stock issued ana soa va old 70 cam
names and for ex iens!ons and improvements: Inc
coPaay may ,f"s INIT " iScs ''o The stock OF
the company closed yesterday at ISL. oecIhe OF
~ from Tuesday
The woo.son Spice Company. which IS owned by
the Sugar Trust has issued circular 70 the coHee
,obb,ng trade o. the States Of New-York Ne~-Jer-
soy Pennsylvania. Delaware. Maryland ana west
virginia authorizing the deducting OF one cent per
roiinS from the ,rvoIce In billing Lion conee 10
The retail tTade n ,aofor ban in those states
had sresdy done in the West ard NorthweS, 70
NEE, the similar action by ArbucKIe brolhers VII"
~ {" A-iosa' brand in the same territory.
tn. Governing Committee OF the New-fork STOCK
rxcno,rc Yesterday admitted 10 dealings IN the un-
usted department the stock OF the HAWAIIAN Co'h-
~,ol crgar COMPANY. which has capital OF
~ a., on and bonded debt OF :695ls Ih's - the
syv controlled by the sons OF Claus SpTeckcis
no san Francisco sugar man.
t,,evo, new members Of the stan OF the surveyor
q, the Port were sworn in by the Surveyor S"as y
croft. Yesterday Altogether me s,an huis'', W
eighteen OF whom seven we're fcaPpo''N :" "
Swavze will be chief OF stan.