The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1897-08-19

passed by the house and presented 10
the senate failed to justify the fears of
sensational break entertained by
some traders after yesterdays per
cent advance, and, on the contrary,
opened up 1A per cent. Subsequently
it scored an extreme gain for the day
Of Az, establishing a new record of
146A, and thereafter gradually declin-
ing, closing with net gain of 2A.'
In the following editorial from the
Cleveland Plain Dealer. July 21, will
be found the facts in the case, which
can not be denied nor is it an over
drawn exhibit
"The sugar trust knows what the
rates in the tariff really mean as af-
fecting the profits CT the trust. The
public can get an idea of the compare
tive value of the various sugar sched-
ules to the trust by noting the changes
in the selling price of the sugar trust
shares
Under the existing tariff sugar trust
shares in 1896 went at one time as low
as 95.
The Dipsley tariff bill passed the
house March 81, and the next day su-
gar trust shares in New York were at
11OA.
''The senate finance committees
amended tariff bill was reported to the
senate May 4. On the following day
sugar trust shares were at 1853.
During the discussion in the senate
the sugar schedule was again changed.
The bill passed the senate with the
altered sugar rates July 7. Next day
the sugar trust shares sold at 127.
Last week the bill was in confer
ence and there we're reports OF changes
in the sugar schedule. July 16 the
trust shares Sold at 1874.
"On July 10 the conference commit
tee reported to the house bhe compro-
mise bill, with new sugar schedule,
asserted to be less friendly to the trust
than the senate bill. The passage OF
the compromise was au absolute GER
tainty, and the trust shares shot up to
144k.
"Sugar trust shares had gone rp
more than So per cent on the price OF
which they had sold under thu Wilson
German tariff: they had advanced
more than 80 per cent On the selling
price ait the passage Of the Dilgley
bill in the house. They had enhanced
in selling vasue over 13 per cent since
the day after the passage Of the senate
bill; the price had gone up 10 points,
representing an advance of per cent
ON the selling price OF three days be-
fore the passage of the conference re-
port in the house on Monday.
1T will be hard to make the people
believe that the sugar trust did not
write, or inflsence the writing, of the
various sugar schedules, from the orig
inal Dingley bill to the conference
committee report. That the trust lost
nothing in the successive changes can
be inferred from the continuous up
ward movement Of the shares. The fact
that the greatest jump was after the
report of the conference committee
carries its own comment.
"The claim that the advance in the
value in the sugar trust shares is but
the effect of the general improvement
IN the market value of stocks will rot
hold in the face of the evidence Of tha
stock list. Here are the changes in the
current rates On the New York Stoei
Exchange of twenty-four ordinary
stocks, railroad and inductrials, report
ed in the Plain Dealers list of opera
tions April 1 and July 10, the first date
that immediately following the passage
OF the Dingiey and the last that of the
report to the house of the conference
bill: