The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-12-28
SUGAR AND COFFEE
WOOlSGl Sells to Sugar Trust to
Buck ArbuCklG.
SOLVING THE SILVER PROBLEM
Tests For Immigrants
Landing in u. S.
Interest of CaIifornians in Tariff
Laws-PrOtecting Beet
Industry.
SOLVING THE SILVER PROBLEM

IOLEDO co., Dec. lS.-Ine Amefl-
can Sugar Refinery, better known as
the sugar trust, has closed a deal for
HOO shares of the Woolson Spice Com
pany of this city, being eleven-eight-
eenths of it's total stock. The price to
be paid is 81 ,265 900 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 it
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.
Representatives of the refining COM
pany opened negotiations with the
Woolson people, who are a very close
second to the Arbuekles in the coffee
business, and Lawrence Newman, one
of the largest shareholders of the Wool
son Spice Company went to New York
to 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 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 a 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:
1.-The purchase of the Woolson Com
pany will have a far-reac ching 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 cent a 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 a cent
! a pound which means that the first
guns have been fired and that the fight
! is already on for supremacy in the
| coffee trade"
| At present the ArbuckIes control one
! fifth of the roasted coffee trade in the
| United States, the product of their mills
aggTegating 1000, 900 bags q year. The
| Woolson mills have capacity of 150.-
| 600 bags q year. but it is said that their
plant will son be added to, so that they
can put on the market about 50000G
bags of roasted coffee annually.
As the Arbuckles and the WOOlsOn
| Company receive their coffee direct
from South America. the $4,000 addi-
tiOnal bags that viii be contracted for
| by the WOOlsOn Company from that
source will, it is said, take just so much
business out of the hands of the job
bers in the trade here who sell to the
! smaller concerns.
BALTIMORE, Dec 18.-The Balti-
| into the hands of the American Sugar
! Refinery Company. otherwise known
| as the Sugar Trust. today. as the re-
suit of a 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 tC
resume work but that today's dea