The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-04
Two Moro Big Rofneries Ordered
To Ee Shut Down.
Stops Being Taken to Freeze Out
tho Small establishments.
The Progress of the War Against
the Pugnacious Spreckels.
He Is in the Fight TO Stay and is Treat
ing the Trust to Doso5 OF It's own
Medicine Another Rival
In the Field.

NEw York, Oct SIT transpircd latd
Yesterday afternoon that Theodore A,
llavcmcycr, the president of the sugar
trusts had ordered the extensive SUGAR r..
iincrIcs OF De Castro ~ Bonner to shut
down today or tomorrow. The firm hai
two rciincrics in the eastern district OF
brooklyn, They employ something like
1000 men and produce many thousand
barrels ct sugar \ reporter called at thG
principal Office OF the rrlncrirs bat could
see neither OF the principals OF the firm.
The cashier Mr.. Russell, admitted that
the firm had been ordered To close their 70.
tinorics and that they would shut down rs
soon as practicable, probably today. lilo
commended, however that the shut down
was "a no way influenced by the combine
ton at rcliuurcs on trust and that the ~
hugrirs would have stopped working oven
II the trust had no existence.
The time during which the rcfncrics
will remain closed &, indefinite. Theodore
lllyCmcycr could not bee seen nj the otlico
ul lluycmCycr u Elder. When the news
ui the ordered shut down became goncr-
ally known il created considerable cNcitc-
mcnt among the employees, as the order
was unexpected. II was stated los one II
ihc officials Of the concern that M many
ul the men ~ could be- conveniently
placed NJ work. would be- taken care II
during the time the Uiingrius WCrc closed.
The iWs SAYS Evidently some i'm.
purtant changes are at work ia the plant
ut the trust, they say, looking Ia probable
further concentration NJ plant The new
structure In course ul erection near tho
llayumuycr refinery in Brooklyn points
,p such plan. and certainly does not in
dictate that sugar refining IN a. hC Curtailcd
here. There is q suspicion, indeed, that
the strong members ul the trust are put
ting themselves IN position in
which they will not need To
pay premium ON idlrnrss. Whom
that position shall have been reached,
they can begin Ia apply the freezing out
process to thv small uyunvrlCs, whom tho
trust nov pays Ia shut down aud do Moth
ing. The trusts sky does not appear.
however, to Ne cloudlcss. Claus Sprcckvh
n giving them some trouble, aud already
makes them feel uneasy Tor the future.
When Sppckcls refused 10 join the trust
NJ its organization tho trust started tho
Francisco, which Srt out tp deprive Sprcck-
els Of the Pacific coast trade oi which Tor
ycars hc rnioycd monopoly one " tho
lint acts oi the trust In th, move was 10
buy about three iOurths Of the sugar crop
II the sandwich islands, where SpWckcls
always got his supply before. THIS move
sent him a. Manila iursugit aud Increased
his first expenses enormously. Determined
to pinch him both Ways, the trust put tho
price ui the product oi the American com-
pany lower than sugar had ever before
been offered on the Pacific coast This
meant that the trust sustnius the Amcri-
can company ut constant loss,
relying on the excessive drain on SprCck-
els Ia bring him tO terms or drive
him out ui business. Ia either case tho
trust would acquire a monopoly II Pacific
slope trade, and make up Tot present losses
hy future high profits, The trust counted
without their host IN this proceeding aud
MI SrCklrs came herr HyoWcdly a. light
the trust by making sugar Tor the east at
fair prices. II is nov understood among
the trade that be- intends 10 drain the
trust Ia the east by the same process that
De- has been drained Ia the west. and that
hc will spend millions, II necessary, 10 do
h, remaining In the field until be- shall
either break up the trust cntirly " COM
pei the trust Ia buy him out here at
price which shall offset all his losses, aud
alec o. Withdraw the American company
from San francisco, leaving him again in
the sIlp control Ut the sugar mlfketuu tho
Pacific slope Another factor ui compare
lively small dimensions, hut yet large
enough a. give the trust sDmc concern Ia
view Of other threatening troubles, Is the
announcement that the Electric Sugar
company will enter the market ~ rival
about tie middle oi the present month";