The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1889-07-26
THE TRUST ANACONDA.

Less Sweetness and More Money to Be
Squeezed Out of Sugar-A Combine to
Advance the Price of salt.
NEW YoRK, July pa belief that the
vast quantities Of refined sugar that have
been piled up in the big storage ware
houses along the Brooklyn water front
during the past two years has been cor
raIed with the view of squeeze by the
managers Of the sugar trust has found
many supporters in financial circles
Though for some time past the piling up
Of the commodity was generally known.
it was supposed to be owing to a scarcity
of room in the refining buildings. The
Havemeyer Sc Elder, Havemeyer &
Mathieson and Wecher companies, the
apparent controlling spirits of the trust
were the most extensive storers.
On the Stock Exchange the opinion pre-
vailed that the trust had been engineering
/ a corner in sugIr and that ere long the
| price of the refined article would be sent
/ up like a rocket. The wholesale grocery
| houses and other consumers of the article
/ in this city evidently anticipated this
movement on the part of the trust and
/ for months past every available inch of
storeroom in the big grocery houses on
| the West side has been utilized for storing
| sugar, and many of the public ware
| houses heretofore at this season OF the
| year filed with the winter supply of
| cauned goods have been engaged by the
wholesaler for sugar storage.
On the other hand Wall street sugar
| brokers-those who will talk on the SUBJ
| ject-hold that the trust has stored the
| sugar because there is no market for it.
| The prices have struck bottom and retin-
ers can realize no profit on their manu-
facture.
1t has been suggested that possibly the
sugar has been accumulated to undermine
Claus Spreckels when he got his Philadel-
| phia beet pro luct refinery in operation
that it was the intention to swamp the
market with the genuine article at q low
price as soon as Spreckels should turr
out his first cargo. In answer to this
! theory a member of one of the mos
prominent sugar concerns in Wall street
but with no affiliations with the trust
said: "Whatever the object of storing
this sugar is it is almost certain tina
Spreckels has a hand in it His alleged
enmity to the sugar trust Is all moon
shine. No one on the inside supposes 10
an instant that he is going to fight
corporation with $50, COO 600. He is wit
; the trust hand and glove. He's too smar
! a business man to fight against it.
THE SALT TRUST.
D ALBANY, n. Y, July 2l-The Mort
r American Salt Company flied articles c
I incorporation in the Secretary of State
office yesterday FRANKLIN HoouruL
Horace K Thurber, w. A. Hazard an
T Charles F. Burger, are the incorporation
It with capital of $11, 600, coo, divided int
i 275,O ,OCO shares of $50 each. They state thu
IS they are to manufacture and sell salt an
e its products The principal pa
of their business will be in Wa
Sc saw, n. Y, but they wi
e also carry on their business in tt
Il following places. Meigs and Tuscaraw'
Counties, Ohio; Mason County, w. Va
u Reno and Rice Counties, Tex; ST. Clai
d Huron, Saginaw, Bay and Iosco Countie
Mich.
IN The following thirteen trustees, vi
-h shall manage the concerns of the compaI
for the first year, are named: Wellingt'
"a Burt, Franklin Woodruff, H K. thu be
y William A. Hazard, John Garfield,
y liam S. Conklin, Albert Boardman, };
, Morton, Richard L. Wilson, Henry
u Cannon. Charles f. Burger, Right H'
ID Lord Thurlow and Joseph Verdin.