New-York tribune., 1899-12-02
WILL SUGAR INTERESTS UNITE9
REPORT FROM CHICAGO THAT ALL THE
COMPANIES WILL CONSOLIDATE IN
NEW CORPORATION WITH

s2OOOOOOOO CAPITAL
Chicago Dec 1-'oThe News says to-day that
n s2cOcc0O 600 trust is I'm contemplation. There Is
every prospect that the American Sugar Company
the Glucose Refining Company and all OF the so
called independent sugar relneries will be conson-
dated H. O. Havemeyer. OF the sugar combine.
has It is understood secured an option on the
Arbuckle Sugar Company, the Doscher concern and
tho outside plants in Boston and New-Orleans- This
evening he WILL It is said. receive n definite propo-
sition from the Glucose Company, when his repre-
sentatives. who left Chicago last night. arrive In
New-York
1t has been ascertained that representatives OF
the Havemeyer Company have been In this city In
conference with c. II. Matthiesen president or the
Glucose Company. for several days. The result OF
these conferences II is SAID, was an opuoh Oh 'ho
Glucose interests.
The important feature OF the plan Is that tho
American Sugar Company will increase its capital
zation from s75OOO0CO to s20O.0O0000 II is under
stood that s30000000 OF this will be given to tho
Glucose people for their plant and 800 10000 to the
outside renneries and that the entire common stock
OF the Sugar Trust will be put on an per cent
basis The rate OF disbursement on tho preferred
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
$40 900 O0O$40O 600 900 preferred and s26oo0o common
so that the certificates will he taken in presum-
ably at average Of S5 a share. .,
When questioned In reference TO the prospective
sale OF his company. G. a. Matthlesen to-day re-
fused TO discuss the matter, saying; Any informa-
ton that may be OF value 10 the pubic Will De given
out the proper time
The dispatch from Chicago announcing the forma-
ton OF a 800 00,cO0 combination embracing the
American Sugar Refining Company. Arbuckle
Brothers the Glucose Sugar Refining Company and
various Independent concerns discredited In
trade circles here c. r. Heicke. secretary Of tho
American Sugar Refining Company, said he knew
publication if he did. At the office OF Arbuckle
Brothers nothing was known Of the matter" b; II.
Howell Co, representing important Independent
story. NewYork Sugar Refining Company inter-
estS knew nothing OF 1t and recalled the fact that
n similar story was launched last spring. but with
AS IT was stated that the deal would be consum-
mated AT a meeting to be held in this city last
evening. the arrival Of II. O. Havemeyer's rep
resentative from the West with definite propos-
| tion from the glucose people. inquiry was made,
| with the result Of ascertaning that the leading
here last night and II the report is true the dis
cussion OF tho proposed deal cannot take place be-
| fore Monday at the earliest.
II. Q. Havemeyer. whose presence would be re-
quired at such an important conference, is now at
! Hartford. and the treasurer Arthur Donner, IS
spending the Thanksgiving holidays with his fam
| New York agent OF the Glucose Sugar Refining
| Company who has apartments In The Catharine,
No. l West Seventy-ninth-st.. declined to discuss
the reported combinaton; and John f. Parsons.
| one Of the directors OF the American Sugar Re-
| hnng Company. after carefully reading tho dis
| patch giving the alleged details OF the big deal.
| matters"
| At the wadorf-Astoria and the Plaza hotels it
places had been engaged for a meeting OF the mem
bcrs OF the proposed Sugar Trust.
| II was stated at Mr. Havemeyer's home, No. |
| East Slxty-sixth-st.. that no would return from
| Hartford on Monday.