The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-12-02
II INVOLVES MILLIONS
ANOTHER DIG TRUST SAID TO RE
IN CONTEMPLA-
TION
HAvEMEYER AT THE HEAD
Sugar Combine Reported to Have
Secured Options on the ArbuckIe
Sugar Company, the DOscher Con-
Germ, and the Outside Plants in
Boston and New OrIeans-GIucOae
Company Approached.

CHICAGO. Dec. IA $2OO, OOO, 600 trust
Is in contemplation. There is every pros
pect that the American Sugar company,
the Glucose Refining company, and all of
the so-called Independent sugar refneries
Will be consolidated. H. o. Havemeyer,
of the Sugar combine, secured an option
On the Arbuckle Sugar company, the
Doscher concern and the outside plants
IN Boston and New Orleans. This even
ing, 1t is said, he will receive a definite
proposition from the Glucose company,
whose representatives left Chicago last
night and Will tonight arrive in New
York. 1t is understood that representa-
uVeS of the HaVemeyer company have
been in this city In conference with c. A
Mathieson, of the Glucose company, for
several days. The result of this confer
ence, it is said, was an option on the
Glucose company plant. The important
feature of this plan, 1t is said is that
the American Sugar company will In
c. ease it's capitalization from $4,000, 900
to $500, 100000. 1t is understood $50, OOO, 900
of this will be given the Glucose people
for their plant, and $780, 900 to the out
side ref1neries, and that the entire COM
mon stock Of the sugar trust will be put
on an Is per cent basis
The rate Of disbursement on the pre-
feTred shares will not be changed while
the holders Of ordinary will be allowed
to subscribe for the new certificates at
par. The capital of the Glucose Refinery
company is $4,000, OOO-$14, 900 900 preferred
and $26, 100000 common-so that the GER
ttfcates will be taken in presumably at
an average of SIS per share.
When questioned in reference to the
prospective sale Of his company, c. A.
Mathieson today refused to discuss the
matter, saying:
Amy information that may be of value
to the public will be given out at the
proper time"
There is no lawful authority for the
statement, but reports from the East
have credited the movement chiefly to a
mutual desire on the part of II. o. Have
meyer, of the sugar combine, and the
Arbuckles, to combine and end the war
/ There are many people who do not credit
reports that the Glucose company will be
sold to its older and stronger rival. 1t is
local company in the sense that num-
Der of its stockholders are residents of
this state In this connection the point
is made that the company will be more
willing to sell to its more formidable
competitor, since the Illinois supreme
court rendered its decision than before.
DISCREDITED IN NEW YORK.
NEW YORK, Dec 1.-The dispatch
from Chicago announcing the formation
of a $500 600, 900 combine, embracing the
American Sugar Refining company, Ar
buckle Brothers, Glucose Sugar Refining
company, and various Independent con.
Germs was discredited in trade circles
ehre.
c. R. Heicke, secretary of the American
Sugar Refining company, said he knew
nothing of the deal and would not give 1t
out for publication if he did. At Arbucl1le
! Brothers office nothing was known of
tine matter" r. S. Howells, representing
independent refineries. knew nothing Of
it. Other sugar refiners knew nothing Of
It and recalled that g similar story was
circulated last summer and nothing came
Of it.