New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-22
'Ex dividend.
BONDS
THE DAYS OPERATIONS IN STOCKS

,,,a STOCK market reflected IN alternate
.+raro.h ana weakness the changing views OF
,-a3srs on the monetary situation Money mar
vat considerations governed speculative sehu-
r,e,t the strong opening being based upon the
tbeorv that Mondays sharp advance In rates
.vo,,,d mt ne repeated while subsequent weak
cess IN values followed a rapid change In TRAD
49,, o,tn,ons on the same subject. owing 10 the
+,,rrness Of the market with rates for call fuhds
100 ching ryer cent Doubtless remem oering the
~xner,enoe ~ the preceding day the greater
rurnber OF operators made arrangements U Sc
ru,ra their accom- modatlon in the first two hours
NJ ,usinese and as A consequence the demand
was active. with rates tending higher When
ma nseds Of the traders had been satisfied the
,,onev market relaxed. while stocks became
stronger recovering in some instances carry
,osses but ending at small net declines IN 'he
o,aa,er number Of Issues. In the stocks Whlch
exhibited pronounced weakness IN the forenoon
me advance IN the subsequent dealings was IN
the same proportion: hut Sugar Refining. whlch
moved ten points above It's lowest Quotatoh'
aid of again at the close. with net decline OF
three points. 80
Sugar Refining opened at 1876 sold up to l6a
declined 10 154 again advanced TO lo+' ana
closed at 161, twenty-one points under us pest
mice made on Monday. People who are fond
Of skvrockete should Immediately connect them
selves with Sugar speculation. The present
Sugar deal started with q squeeze OF the shorts.
and while the stock may sell at POO, ar some
ocorrs 9eous men are betting II will DO, II would
aaar, from its course Yesterday that the leaders
a., the naturalization are not rea ~ 10 put the
nr1c,, at 200 until they can induce a more conf
dar+ be,ier IN the minds Of their victims regard
ing the possibility Of sugar trade war settle
ment As yet there Is no indication that the
Arbuckles have entered into any negotiations
with the Sugar Trust The Arbuckle concern Is
q rich firm that does not have 70 pay dividends
The Sugar company requires for its DIVIDENDS
G. COZ q2O a wear on Us common and preferred
stock and IT is generally assumed that such
an enormous sum cannot be earned when com
petition has taken away so much Of the Sugar
Trusts business. IN 1901 the Sugar Trust sup
piled for consumption in this country w per
cent Of the total refined sugar output. In lS'6
its percentage had fallen to II per cent. In 1871
to II 3s per cent. and IN 1895 10 872 per cent
AS at the present time the Independent rehner-
les are producing about 1900 barrels day.
against q production of 10000 barrels by the
trust the percentage Of the trust In the cur
rent year will doubtless be further decreased.
Brooklyn Rapid Transit the feature in the
local street railroad list closing. after early
break OF four points, at net gain Of nearly two
points On a small volume Of business Third
Avenue lost ten points while Metropolitan Street
railway lost one point. The general railroad list
moved within narrow fluctuations. with excep-
tionaI frmness in Central Pacific. Southern Pa
cifc and Union Pacific issues.