New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-01
THE HATEMEYERS "BLUFF."
WALL, STREET TAKES LITTLE STOCk IN
THEIR TALE OF WOE.
THE THREAT TO CLOSE THE REFINERiES YEN
ERALrY REGARDED AS AN EFFORT TO IN
FIuENcE TIE STOCK MARKET AND con-
Ess-oPPOsITION TO THE MAN

AGEMENT OF THE TRUST
The Sugar Trdst Is making determined ehort
again to manipulate the stock market LOT me
horost NJ tho sugar INSIDERS No one In "ai
Street doubts that the price or sugar s'o." "
to be actively juggled for the interests Vi 'n'
officers and friends Of the sugar con,o"'a"o-''
and the course of prices on the STOCK r~'"""eo
Yesterday clearly showed the FIRST enect vi ''.'
nubIished interview OF the president oil the Amei'
can Sugar Refining Company, which was 10 "'
effect that the sugar industry In this country was
paralyzed and that all refneries "oud pe ''''
down As far could be learned !es'e'""'' nc
rennercs Of the company VIII not s""' "'"'
Monday and those which have oesH cioSe' W.
resume operations. possibly on r reduced SeS'e'
~,,h Henry a Hayemeyer Theodore A.
Iave,never WAS at the office OF the company
Yesterday and the secretary. John H. searies IT,
fused to talk about it's affairs
Tn. buvIng of National Congress by me
SUGAR Trust has not inspired confidence IN ''o
minds of the public toward any statement lhe
.o,,nanv NAV nov make. and when one memDer
of the concern Is reported to say that the COM
pany IS making money there al once a''S''
a question about the real intention OF s"'h I"
remark Wall street knows how TO interpret inc
savings Of the who manage the sugar trust
and IL knows that the trouble with the trust ~
tina, the insiders want some more rroht out Vi
dealings the stock Exchange
Yesterdays transactions IN this stock amountei
TO over - 900 shares. and the efforts OF inc ihsaelS
to dcpress the price of the stock succeede'i' AZ
the opening there was "A rush to sell ana J." ''e
first tno hours 10000 shares had been traded m
nm. ou.nlne WAS al S. which was below Weines-
daN-s r,osiuu and n the day the stock lost nearly
three points. People who have watched the s'o'N
ia the past and familiar with the me'ho's 't
the trust believe that yesterdays ran IN t'e ficc
WAS due to- the efforts OF the trust TO depress y.
People who are familiar with the bargain between
and he Son Al %
-, that the present utterances Of the Sugar mag
nate. ar Tor the purpose OF working Inc s'vtK
market than lOr anything else
The Sugar Trust. through It's president announces
that the lat session OF Congress brought disaster
10 the trust AMI that the coming session VIII com
pl,te.y Kill the industry. in view of the Tact mat
the sugar magnatc5 made fortunes out OF iegisia-
ton In Washington at the last session oil Con-
gress and as there is practical certainty tna'
nothing Detrimental to their interests VIII he done
a, the coming session. the wall or the masha'es -
one Of Ia. funny things which the sharp ones IN
wall Street have To laugh at. knowing the recoru
~ IN. trust IL ernA odd that even the most lnno-
cen, lamb" could be caught by the Sugar INSIDERS.
Another riimor enanating from lower Wall street
is 10 tho effect that the directors VIII meet next
week and declare reduced quarterly Dividend
This lust Ike the representations OF the head OF
tn. Sugar Trust. Is done with the idea OF making
money In the Stock Exchange and TO influence lesiS
,tion in Washington The Philadelphia Daiiy
Stock hoicr had this TO say yesterday IN reference
There Is a growing dissatisfaction with the Have;
meyer management which mas us roo, neIt, ",l
which is not unlikely IN the course Oh UNI ~
sumo % form OF great consequence 10 the lu'uI' ..
! the American Sugar Refining Company. \ great
many people believe that the sugar ihau,'ty " o,e s
% ne most profitable in the country and have pat
| Their money in the stock Of the COMPANY In that
belief They at not spectators. but investors
and combined they would b. enabled. 1t is believed
| Already ihey have discussed the advisasility OF
uniting bring about a change OF managemen,i
! .tf &
| a. a man who. at the head OF the COMPANY, woui
give general satisfaction. The street may learn
The Havemeyer rednerles along Kent-avee.. IN the
ih ,h 90 men expect to resume tomorrow
| nlght When The hands were laid OFF on Thanksgv-
return 20 work again Sunday night. No mention
was made TO them regarding the shutting aowh OF
the rehncries for an Indefinite perol anu s sr
are hopeful OF being abe to earn livelihood Tor
their wife and children during the cold winter
have bccu running IrreSularly. and every shutdown
has been followed by state OF uncertainty among
Superintcndcnt Bendemagle OF the refneres. yes
teray refused 20 discuss the situation IuTtheT IMAM
10 that ali the rennciles cohrosu ~ .,le Nh ~
! lean Sugar Refining Company in the Eastern Us is
Wail-st oIicc. At the office of the refneres IN the
| Eastern District yesterday the clerks were bus!ly
OF the idle men to-day. The amount TO be received
| by the men IS said to be small. There were Few
| men AZ work yesterday in the refineries besides
'ht ceiM n III snT in Tho neghborhooi of the
! IN groups discussing the situation. ,Wne some
cypresscd "A belief that hey would 70 back to-mor-
row night others of the opinion that the smut
| down was Tor indefinite period one workman
SAID that he believed that a small number OF men
| only would 70 10 work Sunday night and Monday
| morning So to handle the material that Is on
hand: when that is finished they. too, would be laid
! of Indefinitely. II the ,ehneries are closed for an
Indefinite period more tnan Sooco people VIII De
| affected which will include the wives and children
| of the discharged men. Several hundred men EN-
poye,i IN the cooperages which supply the rehneries
| with barrels will also be thrown out of work, be-
sides the truckmen and longshoremen ~,
| A Tribune reporter met a group OF the idle men
| last evening near one OF the refinerles ana there
seemed 10 be much anxiety among them.
| The Nolenhauer refinery. at kent-ave. and south
Eleventh-st which IL not In the trust. was IN fu.i
operation yesterday, and will continue to work. 80
| far "a can be learned. for while