The Hawaiian gazette., 1896-12-29
SOLVING THE SILVER PROBLEM
Tests For Immigrants
Landing in U. S.
Interest of Californians in Tariff
Laws-Protecting Beet
Industry.

TOLEDO CO). Dec. 1S.-The Ameri
can Sugar Refinery, better known as
the sugar trust, has closed a deal for
100 shares Of the Woolson Spice Com
pany Of this city. being eleven-eight-
eenths Of its total stock. The price to
be paid is s.. 265. 600. The story of this
gigantic transaction is an interesting
one.
Some time ago the Arbuckles, "the
coffee kings" branched out into the
sugar business. A large refinery was
built in New York, and thereby the
Arbuckles became the competitors of
the American Refining Company The
latter was not at all pleased at what ii
considered an intrusion. AT first the
refining company offered to buy out the
Arbuckle plant, so the story goes, but
the latter refused. Then the refining
company concluded to flank the move
ment Of the Arbuckles, and hence this
deal
Representative of the refining com
pany opened negotiations with the
Woolson people, who are a very close
second TO the Arbuckles in the coffee
business. and Lawrence Newman. one
OF the largest shareholders of the Wool
son Spice Company went TO New York
10 confer with the refining company
He is there now, and has practically
closed the deal
NEW YORK, Dec 1S.-The report
that interests identified with the Am
erican Sugar Refining Company have
obtained control of the Woolson Spice
Package Company of Toledo with the
view Of retaliating upon the Arbuckle
Coffee Company because of their deter
mination TO build a sugar refinery. is
confirmed to an extent by the fact that
the Woolson Company, which is the
second largest rooster of coffee in the
United States. reduced the price of its
product yesterday half a cent per
pound. This is most unusual occur
renee, and is regarded in the trade as
very significant
in speaking of the matter today. the
head of one of the largest houses in
Wall street said:
The purchase of the Woolson Com
pany VIII have far-reaching effect
throughout the trade. The purchase of
the plant by the American Sugar peo-
pie Is accepted by the trade as move to
meet the Arbuckles in their venture at
building a sugar refinery, work on
which is now going on in Brooklyn.
The first effect of the purchase was
evidenced today when the Woolson
Company sent out announcements to
dealers all over the country that they
had decided TO reduce the price of their
coffee half a cent pound, and this has
been followed by an announcement
from the Arbuckles that the price Of
their coffee TO their Ohio consumers
had been similarly reduced half cent
pound. which means that the first
guns have been fired and that the fight
is already on for supremacy in the
coffee trade"
Al present the Arbuckles control one
fifth Of the roasted coffee trade in the
United States. the product Of their mills
aggregating 100000 bags a year. The
Woolson mills have a capacity of 150,-
600 bags a year, but it is said that their
plant viii son be added to, so that they
can put on the market about 500 900
bags Of roasted coffee annually.
As the Arbuckles and the Woolson
Company receive their coffee direct
from South America, the $4,000 addi-
ional bags that viii be contracted for
by the Woolson Company from that
source viii, it is said, take just so much
business out OF the hands of the job
bers III the trade here who sell to the
smaller concerns.
BALTIMORE. Dec. IS.-The Baltj-
more Sugar Refinery Company passed
into the hands of the American Sugar
Refinery Company. otherwise known
as the Sugar Trust, today. as the re-
suit Of q deal made through the Mer-
camille Trust Company of Baltimore
The local refinery has not been opera
ting for several months. and it is said
that there is no present intention to
resume work, but that today's deal
was made for the purpose of placating
certain stockholders. who objected to
The continued idleness of the plant.