New-York tribune., 1897-07-28
HEAVY BUYING OF COALERs.
STOCKS OF ANTHRACITE RoADo AL
VANCE DECLINE IN SUGAR
ANOTHER DROP IN SILVER.

The chief feature Of the stock market yesterday
was the course Of the stocks OF the antnrac'e coa
carving railroads. They advanced ma'eIia".'
while nearly all other prominent STOCKS oechheu'
Heavy buying of the leading "coalers was que 10
the concentration of the control OF the coal traoe
nv piernont Morgan so that now production ana
nr1ces NAV be regulated without difficulty. Inc
most recent step in this direction was the assump-
ton Of authority In the affairs OF the Lehieh var
ley Railroad by Mr.. Morgan. This road haho'es
largely the coal output Of the Independent MINERS
II is reported that Mr. Morgan is TO secure posses
son of the New-York Susquehanna and Western
Railroad and turn It over 10 the Erie Railroad.
Net gains in value recorded for the coal roao
stocks comparing the closing prices WIN 'hose VI
Monday we're: Delaware and Hudson, ~ Ne"
Jersey Central. 2: Susquehanna and western pre-
ferred /; Reading first preferred a. Reading COM
mon II. There a loss Of u in Lackawahha anu
Il IN Reading second preferred. Ontario ana west
ern and susouehanna and Western common closed
unchanged.
There was great activity with hea'y oeeN'ie
yesterday in the common stock OF the Ameiiea"
Sugar Refining Company Sugar Trusp Inc s.oon
which closed on Monday at 1925. opened NJ IVA
and then broke under pressure OF selling otue's "
125,a II recovered at the close to 1871 so that the
loss in price for the day was 2ss. Inc safes VIZ
s 900 shares There fall OF 2ls per cent IN tne
preferred stock through sympathy. Ohy A'""
shares Of the preferred were dealt In. Inc n'o'e'
ment in Sugar was purely speculative ~
The sugar-refinlng interests obtained pracuca"y
what they wanted in the new tarin II was
thought necessary that German beet sugars "hion ~
we're becoming dangerous. should be smut OUT rom
this country and the new bill absoluteiy SINUS
,h.rn ou Furthermore beet sugar cannot Ds ~ sei,e ne
from Germany TO Holland. Belgium or ~ hou, m
rennad and exported TO the United Sta,rs " veuts
having the countervailing bounty duty imI mn ae Eeep
ahroad of the United States treasury w.i ~ rar
cIose track of raw sugar. ana an! eAPo ss s.or,,ad
6rad IN the United States such aS those eno o,S
~, no held M at the custom houses neiS rnn, nl
made 10 pay full duty exactly as susaiS o,rt W was
froro Cernan ports The next important poiiit VI.
q duty on low grade sugars ana TINS was - Last
The amount of the diferentiai duty was W o. 'e de-
Gov scnmence and a very large one was not IT., uo
sirable MS II would stimulate the eiecu9 ~ the
re6neries in the United States On laSs TreO
American Sugar Refining Company tSusddr dro tben,
Informed sugar brokers that IL Wouiu ssors 81 thev
,ntu Satnrdav noon to fill whatever oiueis M
Snra AZ evistng prices so that Mondav auIaiiIv s
In refined sugars generally i09heu Nordav 81
cn ns tons of raw sugars were sold on Mohoaf S
the advance of oneeighth cent d p",nornt pou1 70
stock of raw sugars here is said 10 alou ann, .no oC
,norn than COO 600 tons OF this amount aoout 4Vov 49,
tons are beet sugars. With a good avelase ,bpno
sumnion these stocks would last appuC ,raro
,nnn,bs The average MEETINGS are some eillIlS lilo
~ An orl IONS a week While further auNtices az a.,
rn6ned sugar are TO be expected, none Will pe ao
at once because last Fridays notlce o! ~ tIe - in
Trnst enabled the trade of the country ~ ' "
good supplies -, i, ,,,,or vesterday Com
mcrcial bars sold at 5sl4 cents an oulCe, "ssav
tsfL on Monday The price OF GoVerhmeitt, ~ aI,s
bars was 5Sss cents an ounce wnlch nnt laee ''e