Show enormous sugar profits the sugar trust notwithstanding that more than one half of its 7 capital ono one half preferred and one half common stock is water has just declared a dividend of 13 per cent on tho the common stock due april 3 this in includes a quarterly dividend of 3 percent and 10 per cent from surplus profits mainly from 1803 1892 in addition there are of surplus earnings to march I 1 and promised dividends of 9 per cent for the remainder of tho the year the preferred stock gets its regular 7 per cent dividend willett grays sugar trade journal is authority for the statement that tho the trust had over 10 quick cash assets on marell 1 1693 and also 10 bonds intact in ili tile hie treasury for con contingent t uses it says investment purchases of tile tho common stock a year ag ago 0 on our advice at present prices price s as given in our statistical at that time have hecei N etl ed 0 22 in din dh idenys per share and purchasers of the stock steel now should fare equally well during the coming coining 13 12 months it is evident that common stock is earning about 1 CO 0 per cent on its market value and at least CO 60 per cent on tile actual capital which it rc the duty on refined sug sugar mar left there by sic kinley is ia one half cent per pound A As the trust refines over pounds of sugar a year and collects the full amount of tho the duty its earnings from this source are 0 E r gitil without the dr anty ty the trust might possibly continue to exist but its profits could not be so entirely out of proportion to profits in ili unprotected industries if mckinley had dickered with willi manufacturers us as the sugar barons of hawaii aio said to have d done one wit with 1 i th the e planters in regard to the prospective bounty to come from annexation and they had agreed to give him one half of their monopoly tariff profits ho he would today bo be the richest nian man on our globe |