New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-06
WALL STREET AND EXCHANGES.

..a Arhuck,e BROTHERS, of New-York
have secured sixty shares OF the "oo''o" ia
Company. Of Toledo Ohio. 1t will prooao,s "o.
them very much In their fight In the cone' 49,
with the American Sugar Refining Company '''e
rrusp. which owns all the rest of the stock WIN
the exception OF q single share Ihey may DE ao'c
"a Obtain a temporary injunction to prevent the
Sugar Trust from cutting prices on the prano VI
roasted and ground coffee put up py INC "oo
Company but II Is thought to be reasonably oe'
tain that the Injunction Will not be maze peri"'-
nent In tho case of all old stockhoder OF "e"
stockholder who had bought stock innoceh'iy "
would be different. The Arbuckles oahnot DC. w
the plea that their interests are being injured Ny
the new management. Anyway 1t wouo prooao's
be held that they contributed 10 the injury ~
engaging I'm a fight with the Sugar trust ~ may
be that the Arbuckles hope through their posse
sion OF Woolson stock to throw the Wooisoh Oo''-
pany into the hands Of a receiver. 10 90 Inns .ney
must show that the company is nsolvent or hkeiy
to become So which will not be easy 10 40. ~ 10
certain that the Sugar Trust Will not permit III.
Arbuckles to have representative on the poaiu
of Directors of the company. Wneh the o"s"
Trust first went into the coffee fight there was d"
difference Of three to four cents pound between
preen and roasted coffccs. Now the difference ~
half to one cent pound. The prospect IL ''a'
the profit will be entirely wiped out In the near ear
The Ssss Of are oegn 10
use in their trade. \ short time aso VT. -
u p5o sugar 81 h but It is now stated that Sugar
Trust has adjusted prices ,naa ahi nos;tion TO
m ,nHfn q strong fight against the Sugar Trust
They are said to have an available capta OF sio;
annual profits have averaged $4,000. The Sugar
Trust has control OF the sugar traoe n'iu ror ~
surplus in cash bills receivable ana raw susai Va
at least $SO.00o.oDo
1t looks as II the war between the American
Tobacco Company Cigarette Truso and the west
ern plug tobacco manufacturers had been reopened.
The trust has reduced the price OF Battle AK pug
Its fighting brand" two cents a pound. 1t Is pre-
surned that the competing manufacturers VIII ho'
only the cut but will make IS sun not def tbat
the course Of the trust Is inspired particularly py
member Of the firm OF Liggett Mey sa o U ~
the trust under any consideration. Inc @ tbo
i've member II IL understood will retire from tne
Arm in three months in accordance with the terms
of the copartnership contract. when rumor say,
the firms business will be turned over 10 Tue
trust
The Clearing House Association has adopted a
rule Inv which non-nembers which clear through
members will hereafter be required to 1urnlsh 10
the manager of the Clearing House at the close OF
business on Friday OF each week statemen. Vi
their average condition for the week preceoihs'
They must report the amount OF loans discounts
and investments amount OF specie, legal tenders
and banknotes on hand amount on deposit WIN
the Clearing House redemption agents lpanks
through which they cfeaD, amount on deposit WIN n
and amount OF deposits and circulation FiIty-
three banks In New-Yorl Brooklyn. Hoboken. Ser,
Of the Clearing House and come under the new "
rule The redemption cgant OF on the
Until twenty -four hours after the receipt OF notce
mebss that has sveea ef 70 the sG failure OF
the redemption agent as We'll as tne NON nom mamher
the loss for al ya av whcS d" could not be
turned TO the customers would fall pro rata on al
the members Of the TO proect members and min
imize the possibility OF loss
| Information reached the Wall Street district
Yesterday that the deposits in the city savings
hanks had been very heavy since the beginning OF
the new year. Most Of the savings banks ano" oe-
nosits made within specified period AFTER January
! TO draw interest from that date In some cases
tho perod is ten days and In others IL Is shor'ei'
William y said Yesterday: There is "A
great difference between present cohu'!o a'u ~
mo Sg1 w Of money was out Of instead Of into
banks Some Of the money we are recelo id ,s inv
Ga as IN the deposits Occasionally gold Is altered OF
to deposors who WITHDRAW s NOME Tbc deposits in the
Seamens Bank on Monday $751; go by SIS de, de
postors On the corresponding Gay year "s0 '''
| denosjts were sl2s.00o by III depositors
II turns out that the steamship EDWIN Is no'
loading with corn for Europe from the Erie eic'a'o
in Jersey City. but from canalboats lying hea'
the elevator. and accordingly 'he s'o'' VI
cossions in the matter Of termir al charges by me
railroads is Incorrect. j. #. Goddard Coinnis
soner Of the Trunk Line railroads sara
..T,he statement that the railroads have apolsneo
! elevator charges at New-York TO avert eNpoi
grain traffic from Southern ports 10 New ork -
Incorrect. There has been no chanse III 'ho S'0'
ton"
The new Mining Exchange, at No 81 New-st
noe oron.d at o'clock yesterday afternoon with
sneecbcs by w c. Dornin. the president John
CRAY the chairman: S. V. White. a director aiid
Colonel James r. Branch The irst can was ~ "a
| ar . O'clock The sales were 100 shares Oh i'eo
Mountain at IS cents and LOO shares OF kusseii a.
20 cents The question was ra1sed wneh 'nrn ,'e he
80 ~ the New-York Stock Exchange couu pe
long to the Mining Exchange r. L. Eam c@,rer
| dont ~ the Stock Exchange, SAID: VI course II
| tho Mining Exchange lists any stocks that al
| iiste.l on the stock Exchange. or II any stocHs
| i;sted IN the Mining Exchange are subsequent!
i;sted IN the Stock Exchange, the members OF the
Stock Exchange who are members OF me , Mi,i,s
I-xchanpe will have 10 choose as TO wnicn lhsu'u'
| ,ion thny prefer to retain membership In