The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1889-07-26
The Trust ANACONDA.

4
Less Sweetness and More Money to BE
| Squeezed Out of Sugar-A Combine to
| Advance the Price of salt.
NEW YORK, July 20-A 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
raled with the view of a squeeze bv 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 & Elder, Havemeyer g.
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 sugar and that ere long the
price of the refined article would be sent
| up like 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 STORM q
sugar. and many of the public ware
houses heretofore at this season of the
year filled with the winter supply of
canned goods have been engaged by the
wholesalers for sugar storage.
On the other hand Wall street sugar
brokers-those who will talk on the sub.
| ject-hold that the trust has stored the
sugar because there is no market for it.
The prices have struck bottom and refin-
/ ers can realize no profit on their manu-
| facture.
1t has been suggested that possibly the
sugar has been accumulated 10 undermine
Claus Spreckes when he got his Philadel-
phia beet pro iuct refinery in operaI ion;
that it was the intention to swamp the
market with the genuine article at low
price as soon as Spreckels should turn
out his first cargo In answer to this
theory a member OF one of The most
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 that
Spreckels has a hard in it. His alleged
enmity to the sugar trust is all moon
shine. No one on the inside supposes Tor
an instant that he is going TO fight a
corporation with $jO.O0O00O He is with
the trust hand and glove. He's too smart
business man to fight against it,"
THE SALT TRUST.
ALBANY. Y. Y. july 2t-The North
American Salt Company flied articles of
incorporation in the Secretary of States
Office yesterday. Franklin Woodruff.
Horace X. Thurber. W. A. Hazard aud
Charles F. Burger. nre the incorporators
with capital of 81, 900. 600, divided into
2T5,000 shares of so each. They state that
they are to manufacture and sell salt and
its products The principal part
of their business will be in War
saw, y. Y. but they will
also carry on their business in the
following places. Megs and Tuscarawas
Counties, Ohio; Mason County, W. Va {;
Reno and Rice Counties. Tex: st. Clair,
Huron, Saginaw, Bay and Iosco Counties,
Mich.
The following thirteen trustees who
shall manage the concerns of the company
for the first year. are namedi Wellington
Burt, Franklin Woodruff. H. X. Thur Der,
William A. Hazard. John Garfield, Will
liam S. Conklin. Albert Boardman, jay
Morton. Richard L. Wilson, Henry w.
Cannon. Charles F. Burger. Right Hon.
Lord Thurlow and Joseph Verdin.