Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1889-07-25
THE TRUST ANACONDA.

q
Less sweetneas and more Money to BE
Squeezed Out of Sugar--A Combine to
Advance the Price of Salt.
NEW YoRK. July GA 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 piIing 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 &
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 a rocket The wholesale grocery
houses and other con sumers 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 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 SUBJ
Ject-hoid 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 to undermine
Claus Spreckels when he got his Philadel-
phia beet pro iuct 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 turn
out his first cargo. In answer to this
theory a member OF enc 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 hand in it. His alleged
enmity to the sugar trust is all moon
shine. No one on the inside supposes for
an instant that he is going to fight a
corporation with $50 600 600 He is with
the trust hand and glove. He's too smart
business man to fight against it."
THE SALT TRUST
ALBANY. N. Y. July 2o.-The North
American Salt Company filed articles OF
incorporation in the Secretary of States
office yesterday. Franklin Woodruff.
Horace K Thurber W., A. Hazard and
Charles F. Burger. are the incorporators,
with capital of 81, 600 coo, divided into
5000 shares of $50 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, N. Y, but they will
also carry on their business in the
following places. Meigs 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 named: Wellington
Burt, Franklin Woodruff. H K. Thurber,
William A. Hazard. John Garfield, VIII
liam s. Conklin. Albert Boardman, Jay
Morton, Richard l. Wilson, Henry w.
Cannon. Charles F. Burger. Right Hon.
Lord Thurlow and Joseph Verdin.