New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-27
WALL STREET AND EXCHANGES.

A new low.record price for silver made yes
terday when commercial bars sold at 5s's cents
an ounce. against 59k cents on Saturday the low
price previously was 50 cents, which was recorded
on March g. 1894 Yesterdays price for Government
ASSAY bars was 50 cents. which made the silver in
silver dollar worth 1853 cents. July wheat (wheat
deliverable this MONTH, which closed on Saturday
AT ssss cents got up yesterday to So. cents but
receded again TO Saturdays fral figure The
transactions were on a liberal scale. There was
to take Accumulated profits. The heaviest loss was
In Sugar. AIS points There was an advance oi 10
the Sugar Trust There was also an advance Of =
cent pound in raw sugar Further aa ihng, vi
high price is ruling now. Granuated is at the top
price for this year. cents pound Inc Inc nlg 3
ass cents against low price this year Of Ss cents
Raw have sold this year for &C n'rifngais a.
cents and at cents been stated the spSsr
Trust has an enormous stock of raw sugar which
was acquired at a low figure.
There will be only one shipment Of gold to Europe
by the Lain, of the North German LLOYD Line
which sails from New-York to-day. The amount Is
$4,000 The shippers Kidder. Peabody Co.
of Boston. The gold was withdrawn from the sub.
Treasury yesterday afternoon by their NeW ie ar
rangements have yet been made for additional gold
exports this week
The following statement in regard to the new
Glucose Trust Is made: THE combination was
effected through the foundation of one large COM
pany, which will be chartered under the laws OF
New-Jersey. with capital Of sD,0oo,C0o. This COM
pany has purchased the American Glucose and
Peoria Grape Sugar companies. at Peoria Ill; the
Chicago Sugar Refinery. the Rockford Sugar Works
the Davenport Sugar Refinery and the Fermenich
Sugar Company. at Marshalltown Iowa. The capac-
ty Of these six works is about one hundred thousand
bushels Of daily. over thirty million busheis
annually The underwriters subscription for about
nlssn ttnl nxpr-
by less than twenty banking firms. and the stock
when ssued) is quoted at a premium of about 70
per cent. Among those interested in the rev com
pany are ]. Perpont Morgan Moore & Schley,
4 Q. Havemeyer, Ex-Governor r. Floweaif 4 Nh; ".
York, and Norman r. Resm Robert T Lncon'
Brewster and clarence buckingham, Of Chicago
There three large glucose manufacturing con
National Starch Manufacturing Company, the
Charles Pope Glucose Company. with two factories
Company. at Waukegan. Ill 1t is understood that.
while these interests will not be included IN me
consolidation, they nevertheless in sympathy
with the scheme. and parties 10 an arrange
ment foc. the maintenance OF prices and the pro-
lection Of the markets
Robert A. sharkey assumed his duties yesterday
as Naval officer Of the Port Of New-fork. HIS
first official act reappoint Harrison W.
Gourley as Special Deputy Naval Ofhcer. MT
Gourley has been in the Naval ONCE for more than
thirty years having been originally APPOINTED de by
President Lincoln. Mr.. Sharkey said he cohten-
plated changes among the employees
There is to be a meeting to-day Of the members
of the New-York Mining Exchange. to vote on
propositions 10 make changes in the constitution.
to reduce the membership from 800 10 200, and have
calls at 1915 1915 and 25 o'clock instead OF at IL
and O'clock as at present Changes In the con-
stituion are desired permit the listing of some
of the Clondyke gold stocks. There has recently
been a general change In the officers OF the Ex-
change. W. C. Dornn remains as president out
George A. Drake has taken the place OF Louis
Ross as vice president J. G. Dale the place of G.
NJ Stead as treasurer, G. ID. Hedian the place OF
W. C. Dornin, IT, as secretary, and Bruce H.
Chiffon the place Of John Gray as chairman.
George A. Kelly said at the office Of the Yukon
Cariboo British Columbia Mining and Developmennt
scriptions for the company's stock had been re,
ceived during the day. The company has capltai
of s. 10000 and It's stock is 81 a share j. EDWARD
Addicks, the gas operator who desired 10 De
United States Senator from Delaware. Is presloeht
Of the company.
The firm Of Benedict Bros stock brokers. NO. %
Exchange Place was dissolved yesterday and no
tce was given that l.. l.. Benedict would sign IN
lioufdation The firm has been in existence since
January O. 1894 1t was composed of lie Grand L.
Benedict and James H. Benedict. jr. They are
nephews of E. c. Benedict, the intimate frond OF
Grover Cleveland. L. L. Benedict has been a
member Of the Stock Exchange since May g. Io11'
and J. H. Benedict, jr., since May 70 1&L d. II.
Benedict IT, was a prisoner In JEFFERSON Market
Police Court Saturday on charge OF drunken