The Russellville Democrat., 1889-07-25
THE TRUST ANACoNDA.
Less Sweetness and More Money to Be Squeezed Out of Sugar--A Combine ts AdYnnce the Prize of salf.

Less Sweetness and More Money to Be
 Squeezed Out of sugar--A Combine ts
 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 q squeeze by tle managers of the sugar trust has found many supporters in financial cir les. Though for some time past the piliug up of the commodity was generally known. it was supposed to be owing to a scarcity of room in the refining building. T e Havemeyer & Elder, Hayemeyer & Mathieson and Weeher compane, tho 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 corner in sugT and that ere long the price of the refined artic,e would be sent up like a rocket. The wholesale grocery houses and other consumers of the article in this city evidently anticil ayed this movement on the part of the trust, and for months past every available inch of sioreroom in the big grocery foa4es on the West side has been utilized for storing sugar, and many of the public ware houses heretofore at this season of the year flied 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 1t. The prices have struck bottom and refin- CTS can realize no profit on their mauu- facture.
 It has been suggested that possibly the sugar has been accumulated 10 undermine Claus Spreckeis 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 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 i'll Wall street, but with no affiliations with the trust, said: Whatever the object of storing this sugar is it is nlmost certain that Spreckes has a hand in il. His alleged enmity to the sugar trust is all moon- shine No one on the inside supposes for an instant that he is going 10 fight a corporation with S50, 000 000 He is with the trust hand and glove. He's too smart a business man to fight against it."
 THE SALT TRUST,
 ALBANY, N. Y, July 2l-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 a capital of ll,000, coo, divided into 275, 000 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 thtir business in the following places. Meigs and Tuscarawas Counties, Ohio; Mason County, w. Va {; Reno and Rics Counties, Tex; St. Clair, Hu o9, 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. Thu Der, William A. Hazard. John Garfield, Will liam S. C6nklin. Albert Boardman, Jay Morton, Richard L. Wilson, Henry W. Cannon. Charles F, Burger. Right Hon. Lord Thurlow and Joseph Verdin.