The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-19
Sugar Trust Opens a Campaign
on the Arbuckles.
PRICE ALREADY GOING DOWN.
American Refinery Hay. out IN.
"o"issn Spice Company i'm order
=" aetaifatc for an Iatrssio~ late
the SUGAR Domain-Big Million
u"har Deal tosec Already
Has nrsppea Half n Ccns-nuxi-
ness Aea Iaterc.tea Spectators
Of the Contest Between the I've
Moneyed Giaats.

TOLEDO. q, De-. rs-The Am.Ylean
Sugar Refinery. better known as the sugar
trust. Has e3ossS a deal for 100 sha
OF the Noelson Spice Company os this
CITY, Sells eeSen~elghteenth az It's tcsAl
stock. The price 10 he paid Is 81. .esS ooo.
Ias slafs o. sais gsssntic transaction Is
an interesting one Some time ago the
Al FoseKles. tee ceffee kings branchsd
out into the sugar business A large ~
ftRery was built In New York. and thereby
tae Arnaekles hecane the competitors OF
the American Refining Company The
latter VAS rot At AL pleased with what
IL considered an Intrusion.
Al nrsi the refining company offered 10
buy cut TIE Araaskle plant. 80 the STORY
goes, but the latter refused Then the
refining company concludea 20 flank the
movement OF the Arhuckies, and hence
this dead. Representatives OF the refining
company opeued NEGOTIATIONS with the
Wcoison people, who are n very close sec
ond 10 the Arhuckies IA the coffee husl-
ness. and Lswrence Newman. one c< tho
largest shareholders Of the weolssn Spics
Company. Went 70 New York 10 confer
with the refining company. He IL there
now and has practically closed the deal.
Cenee Draps HALF 81 Ccnt.
NEW YORK. nee. iS-The report that
interests iden.ined with the American
Sugar Refining Company have obtained
control OF the WcolsoR Spice Package
Company. OF Toledo. with the view OF re-
taiiating upon the Arbuckie Coffes Com
pany because Of their determination to
build a sugar refinery is confirmed 20 an
extent by the fact that tho woolson COM
pany. which Is the second largest roestcr
OF coffee in the United States, reduced the
price OF its product yesterday \ cent per
pound. This Is most unusual occurrence.
and IL regarded In the trade as very sig
nifcant.
In speaking Of the matter today. the
head of one Of the largest houses In Wall
street said:
''The purchase Of the wooison company
will have a wide reaching efrec. through
out the trade The purchase Of the plant
by the American Sugar people Is accepted
by the trade as move 70 meet the Ar
buckles IN their venture AZ building
sugar factory, work on which Is now GO
Ing on In Brooklyn.
''rhe first effect of the purchase was
evidenced today. when the Woolson COM
all over the countyy that they had decid-
ed 10 reduce the price OF their coffee bali
a cent per pound, and this was followed
by an announcement from the Arhuckles
that the price OF ffeir cofyees 10 their
Ohio consumers had been similarly re-
duced half "A cent pound which means
that The ilrst gtns have ben nrrd, md
in the coffee trade"
At present the Arhuckles control one
fifth OF the roasted coffee trade In tho
United States. the product OF their mills
aggregating i.ooaooo bags year. The
wooison mills have capacity OF 10000
bags n year. but II Is said that their plant
will soon be added 10. 50 that they can
put on the market about 10000 bags OF
roasted coffee annually.
As the Arhuekirs and the woolson COM
pany receive their coffee direct from
South America, the so 90 additional hags
that will be contracted for by the Wool
son company from that source VIII. u Is
said, take Just so much business out OF
the hands on the tobbers In tho trade
here who sell TO the smaller concerns