New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-22
SUGAR TRUSTS COFFEE ENTERPRISE.
WHAT ITS PURPOSE SEEMS TO BE IN BUYING
THE WOOI.SON PLANT

WHAT ITS PURPOSE SEEMS TO BE IN BUYING
THE wOoLsoN PLANT
The American Sugar Refining Company tsugar
Trusp j. forcing the fight against Arpuckie
Brothers in the coffee trade There is good reason
10 believe that the Trust does not intend TO continue
permanently in the coffee business 1t bought the
Wooson Spice Company Of Toledo. Ohio. the iars-
est coffee roasting and grinding concern In the
United States next to Arbuckle Brothers. IN ordei
II is supposed compel the Arbuckles TO abandon
their intention 10 build q sugar rennery In opPosl-
ton 10 the Trust year ago the Sugar Trust htted
up one of its unused reineries In Brooklyn as dis
tllery for the conversion Of low grade syrups INTO
spirits 1t never started up this distillery and 1t
turns out that the purpose Of the dstillery was 10
bring the American Spirits Manufacturing CON-
pany CWhiskey TrusD TO terms The announcement
is now made that the Sugar Trust will not compete
with the Whiskey Trust. having made an arrange
rnent whereby the Whskey Trust will take its low
grade syrups Formerly a large part OF these syrups
went The prospect seems TO be that II the
Arbuckles wiz give up their plan 10 erect sugar
refinery and agree to buy sugar for their coffee
trade from the Sugar Trust. the latter will sell the
Woolson Spice Company. to them and retire from
the coffee business. First however. there must be
a period of hostilities between the Trust and the
Arbucklcs. The Arbuckes are rich and the proba-
bilites that they will not make peace as readily
as the Whiskey Trust did. The Sugar Trust has
secured Hermann Sielckcn to manage its coffee
coffee trade
1t is asserted that the Wooson Company Is
10 open a factory in Brooklyn for putting up
its Lion" brand of coffee. one Of the Sugar Trusts
refneries is be fitted up for its The idea is
10 supply the Eastern market in opposition TO Ar
buckles "Ariosa" brand The "Arosa" brand has
strong hold in New England and 20 make sale
for the Lion" brand 1t is said TO be necessary
10 cut the price The reduction of one-half cent a
pound is said 10 be preliminary TO further reduc-
tons. The Wooson Company has informed the
trade that the margin Of profit between green and
roasted coffee is wide. and that it proposes TO
give buyers the benefit OF part of il. Green coffee
has declined recently about four cents pound.
while roasted coffee has declined only about and
half cents pound. 1t is asserted that the Ar
buckles have been keeping up the price of roasted
coffee while making extraordinarily large purchases
or green coffee The coffee crop next year promises
TO he big one. The Arbuckes have a Brazil house
Brazil trade. The Wooson Company has a dozen
markets 10 buy in. The Sugar Trust is reported to
have paid g. share for 1000 out OF total OF
l.Ho shares Of the Wool sOu Company. II therefore
cost $4,000 to acquire the Woclson company. The
par value of the stock is 800. making the total
capital $4,000 but last year the company paid IN
ness with capital Of $4,000 The ca pta Of Ar
buckle Brothers Is said TO be between Sl50N0D and
100000 The Arouc;les and the Woolson Company
rave been I'm business about the same length Of
time.
Toledo. Ohio. Dec 2l.-An effort is being made TO
sell the remaining yen-eghteenths Of Woolson
alleged that under the new order Of things the value
of the stock will depreciate 1t is said that If the
minority stockholders are unable unload they
will attempt to have receiver appointed for
port from New York that the Arbuckles are event
TALLY 10 get control of the Wooson plant