The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-28
CUT MEETS CUT
IN |SUGAR PRICES
Independents Drop 10th Of
a Cent a Pound.
TRUST DOES LIKEWISE
AND NOW THE INDEPENDENTS
GO THEM 1-16TH BETTER.
WHERE WILL THE END OF THE DECLINE BE !?
The Bears in the Cotton MARKET Hoping for An
other Neil Circular. Scarcity of Frac-
tional Currency at the

The sugar situation has presented a
the Arbuckles had decided to meet the
cut of the American Sugar Refining
Company and, in addition, to 80 the big
company one spot better. A circular is
sued by the Arbuckles has len re-
ceived here announcing that the new
prices took effect on Monday. In brief,
the announcement states that the COM
many is prepared to sell sugar one-six-
teenth OF cent cheaper than any other
company, according to Mondays prices.
Following is the circular:
Beginning on September IL, 1899.
we will bill our sugars at our New
York list price. plus the freight to the
jobbing purchasers place of business.
'.We will deduct 3-16th of cent a
pound from the invoice and viii allow
a discount of / PER cent for cash IN
days. No trade discount will be al
lowed.
'.Jobbers must sell our sugars in con-
fornlity with the equality plan, which
means the New York card price, Eius
the rate of freight shown in the equal
ity rate books for each State, then
deduction not to exceed 3-16th of a cent
per pound may be allowed.
.Jobhers who sell our sugars In ac-
cordance with the rules of their assoc
cations, as Indicated above. will, at the
expiration of 60 days, receive check
for sum equal to / 18Th or a cent per
pound on all invoices bought and paid
for during that time.
Sugars purchased and unshipped
prior to September IL are subject TO the
foregoing"
The above was signed simply, AR
buckle Brothers,
The plan announced by the Arbuckle
Bros, is almost identical with that an
nounced by the American Company a
few days ago. They follow the same
basis of reckoning and the one-eignth
rebate is allowed, but no mention Is
made Of exclusive patronage. The
basis. however. is different. The Ar
buckle Company announces that its list
price is 90. while that of the American
Company is 5.31. SO that the difference
in the selling price is one-sixteenth OF
cent. or about cents per hundred
weight.
a few days ago, it will be remem-
bered, the American Sugar Company
secretly met the cut of the Arbuckles
and other independents. Now the Ar
buckles make another cut, as above in
Dictated, and the situation, as result,
has become decidedly interesting. The
list price of the American Company has
not been changed, but customers are
quietly allowed the cut of 1-16th, while
the Arbuckles are going them one bet
ter. 1t is new said that all the reiiners
are selling sugar at the price announced
last week by the Arbuckle Bros.
1t is estimated by New York newspa-
pers that Dewey visitors will spend $780,
100000 in that city this week. And the
harvest is being reaped by merchants
and hotel keepers. The rush of visitors
began Saturday and has since shown
no sign of .abating. Railroad and hotel
men agree that an estimate of 100000
visitors would be almost too modest.
The cotton market continues to kite
upwards. Advance has followed adj