St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-24

Refining company, Bay State Sugar Re-
ilnery: and III Portland, the Forest City
Sugar Refining company; and in New
Orleans, the Louisiana Sugar Refining
company and the Planters Sugar Re-
inning company; and in st. Louis, the
st. Louis Sugar Refining company
The remaining refnerieS i'll the United
States are the Franklin Sugar refinery.
Philadelphia. worked by MeSSrs. Harri-
son, Frazier Il Co.: and the Delaware
Sugar house, Philadelphia. worked by
MeSSrS. +. c. Knight Il Co.; and the
Revere Sugar refinery, Boston, worked
by MeSSrS. Nash, Spaulding Il Co.; and
the American Sugar Refining company,
San Francisco, worked by MesSrS. &. l..
q. Steele Il Co.; and the California Su-
gar Refining company, San Francisco,
worked by Claus Spreckels.
The Iron SarOnS.
The president of the Western Iron
Ore association assures the Chicago
Tribune that ''theer is no iron ore trust
or the Semblance of one either in this
association or to my knowledge else
where in the United States" Without
questioning the truth of this assertion
we may direct attention to certain trans
actions and conditions which show that
great local combinations already exist,
which will enable a few producers by
and by to follow with ease what trust
makers call the tendency of the age"
and once more we shall quote from the
New York Tribune, which so frequently
points to the benefits of free competition
in the protected home market. On Aug.
9, 1887, the Tribune published state
ment that ex-senator Dorsey and other
capitalists had arrived at Chicago from
Gogebic, where they had been cOnSoli-
dating the iron mines there into two
trust schemes to control the output and
the price" On or about July II it had
IAbliShed in its city news a description
of Mr.. DOTSey'S ''prOjected OnSOlIdatiOn
of iron mines in the GOgebic and Menom
inee regions" In company with certain
capitalists he had ''perfected scheme"
by which fourteen iron mines, twelve of
which were fully developed. were made
the common property of one company
with capital OF so, 100000. There was
also this statements:
AT the same time he has thrown to-
gether five other mines in tive-milliOn-
dollar syndicate, and it is said TO be the
purpose OF the projectors of the cOnSOl-
idatiOn to bring together all the iron
mining properties of the two ranges
and create common stock which can
be listed on the stock exchange. The
iron mines of the Marquette region in
Michigan have been under a cOmbina-
ton arrangement for years, and the
mines of the VermliOn region, few
miles north of Duluth, are in the hands
OF two or three groups, so that with
this arrangement with reference to the
| GOgebic and Menominee ranges per-
fected. the BeSSemer iron ore supply
from that region will be in SO few
bands that it can be manipulated as
monopoly"
And on Aug. Il, Mr.. Dorsey having
returned to this city, the same paper
published an account of this under
taking, from which we take the follow
ing:
The operations in the iron field
known as the Gogebic range have
spread over into the Menominee range
and assumed gigantic proportions. The
consolidation perfected on Tuesday at
Milwaukee, with a capitalization of &c.
100000, takes in five Gogebic mines, and
is the second combination developed.
The first one took in fourteen mines OH
the GOgebic and MenOminee ranges,
capitalized at SlO,OO00O0. A third cor
poratiOn has been formed, with capi-
tai OF SG,00C,00 to construct a line of
flTteen iron freight steamers of $500 to
5000 tons, to be confined to the ore
shipping trade. Both the iron compa-
nleS have entered into contracts with
the steamship line for long periods.
! The consolidated companies, with the
| Wisconsin Central railroad and Moore,
Benjamin & Co., who own the big Colby
and Aurora mines, will control the
| Bessemer ore product of the region"
TruStmakerS will see that these tales
are not the inventions of their enemies.
| The financial embarrassment of Capt.
| Burton, one of the persons interested,
seems to have caused some change in
| the plans of the cOnSolidators. The
| mineral wealth of the VermiliOn iron
| range and the methods by which very
| powerful syndicate gained possession of
Mr.. Towers interests there were de-
| scribed in the Times of July IL, 1887.
| For his interests, the Chicago Tribune
says, Mr.. Tower received S6,000,0OO and
a quantity Of stock. The same paper
| stated last August that among the mem
| bers of the syndicate were j. ID. Rookie
feller, of the Standard Oil Trust; D. o.
| Mills, of this city, and j. C.Morse. of the
| Union Steel company. The entire range
is not owned by this group. for there are
| five mines controlled by other groups,
but the several groups appear to be CON
nected. The Chicago Tribune says that
j. G. Morse, of the first syndicate, is one
of the owners of the neighboring Chan
dler mine. 'The mine is mate to the
Colby, on the GOgebic range, and its
owners are practically the same" But
we have quoted the statement that the
| Colby is owned by persons who are in
the Dorsey Gogebic syndicate. The Chi
| cagO Tribune also points out that the
same men, with others, are interested in
! the remaining FermiliOn mines. Would
| it be difficult to consolidate all of these
mines? Is it probable that there will be
| any competition among them? This
seems to be an attractive field of inquiry
| for the house committee on manufac-
lures. The Western lion Ore associa-
tion, which includes the very prosper
| Gus gentlemen who have taken hold of
these properties, has sent to congress a
memorial declaring that the present
| rate OF duty, 75 cents per ton, is ''insuffi-
cient for reasonable protection" and
suggesting that it should be increased.
| Steel.
In October the crucibe and open-
| hearth manufactures of steel formed an
association and the Bessemer manu-
these associations, the secretary of one
OF them says, is to remedy" irregulari-
ties in prices.
There has been told in the Times the
story of a Western manufacturer of
plows, as reported by Mr.. P. J.
Smalley, of Minnesota. Briefly, it is as
follows: This manufacturer until last
year had been getting the steel parts
of plOws at ~ cents pound, and with
this the steel mills seemed to be con-
tent. But the formation of a combina-
ton was followed by an advance to
10% cents. To meet this the plow-
makers formed an association and
raised the price of plOws. There was
one plowmaker in Illinois who re-
| fused 10 enter the ring and ancnnt tho