New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-09
FINANCIAL AND COMMERCIAL.

FINANCIAL AND COMMERCIAL.
The night between the Sugar Trust and ArouckIe
brothers will extend to the sugar trade a. well AZ 10
thu coffee trade The Arbuckies have large cap'-
tai and Il 10 said that. despite the enor. Vi '"o
trust to regulate sugar prices. the Aroucx'es Ca"
buy sugar in Germany and sell 1t here AZ less ina"
the prevailing prices for the trusts product ,"'
Arbuckes will be aided by their package macnln e.
which Will put up sugar In packages OF from one 10
ten pounds. ready for retail purchasers While the
S nr .xensvely in the sugar trade Arbuckes
viii Injured the trust branehns S"t nse w Viii
In the end it win probably result In permanent
The price of anthracite coal In 1896 averaged some
IS cents ton more than In $780, ana the 'os VI .,'o
carrying lines were Increased ACCORDINGLY. A"0
coal trade itself was on more profitable OASIS 'hah
in several years. but the volume Of business was
reduced and the railroads which hauled the coal d'd
not in 1896 make as good showing as In 1888 Inc
advance in coal was made IN instruments 1ursE
the Now coal Of al sizes IS rr,css ' Sre MAIN
tanned throughout the year 1887 VIII make smrUr
s Ss sn mot nSne or the roo
also for the transportation lines Inc anu av.
ITO Inn made up n tSat there Is no doubt
will be continued There are now no surplus STOCKS
Of coal and the trade Is under perfect control
A member of a leading Wall Street firm has been
looking into different lines Of general business 10
satisfy himself present conditions and the out
look He says the metal trade Is booming. Inc
advance in Boston copper stocks to practically the
highest prices ever known for them Is one OF the
results Metal dealers argue that general business
must improve before long. for their business IS all
over the country. and has been growing for three
The irses ead hopes
Of good spring trade. The present demand Is TOR
g0a1 .s ana ra Gs % but Soo
and shoe manufacturers will not pay prices asked
except from necessity and to I'LL orders ne b sea
ness in rubber goods Among manufacturers gen
orally there is TO rssS eomnr
A reader Of The Tribune who uses the signature
Justice" sends a letter to this Office in which hc
declares that the stockholders of the New-fork
Biscuit Company ought to take action against the
officers Of the company because the quotations FOR
the stock have declined heavily in recent months
and because dividends are missing Inis een gen re,
the stockholders Of trusts and Of corporations
whose stocks have fallen tremendously IN value
Gently were to take action against those officers
there would be extremely busy times for stock
holders.
The stockholders Of the Central National Bank at
a meeting yesterday voted to reduce the capital
stock from 81 100000 to 100000. One-hah OF the
holding of each owner or the STOCK 1s 10 De taken
I'D and paid for at par. 800 a share. The bank
received nearly 100000 for Its building. at Broad
way and Pearl-st. and the directors thought II ad-
visable to the money. with some more added TO
It, In buying up half Of the banks stock. The bank
will in taxes and will be able to increase It's
dividend rate. which has been per cent. Mayor
Strong IL director Of the bank and was formerly
its president. The bank will have quarters In the
new structure now in Of construction on the
site Of Its old building.
The telegraph yesterday told how 1900 reward
offered by Southern grain-exportns firms FOR
the name Of the person who sent dispatches from
York that there 1000 cars of hot corn at
Galveston and New-Orleans which was not worth
freight charges. The Idea was that the purpose OF
the dispatch was to injure Galveston and New-Or-
leans exporting points. On the New-lork Prod,
nee Exchange II was said that the dispatch should
have read. not hot corn. but "hot tamales." thus
showing that the tama)e trade was having great
boom.
The deaths Of three members OF the Produce Ex-
change were announced the Exchange yester-
day. T. G. Mathews died Thursday at No. q
Lefferts Place. Brooklyn. He was sixty-ive years
old Anton Christopher died Thursday at the
Smith House. In the Adrondacks. at the age OF
sxty-six years. Joseph A. Smith died on January
at Hartford. Conn.,. where he was a member OF the
firm of Smith. Northman & Co. He was ffty-eight
years old
A favorable bank statement is expected to-day.
The debit balances Of the Sub-Treasury at the
Clearing House for the week have been about
50 OOO0 The movement OF currency to New YORK
from the interior has been about $,1o0.0D