New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-06-01
SUGAR WAR WANING. e
FRIENDLY COMPETITION" THE NEW
FEATURE.

INDICATIONS THAT THE TRUST AND IT'S
RIVALS HAVE REACHED A VIRTUAL
AGREEMENT - THREE INDIE
PENDENTS TO COMBINE
There seems at last reason for believing that
the sugar war;" which has been in progress for
many months, and result of the continu-
ance of which the American Sugar Refining
Company in April reduced it's yearly dividend
rate from II to per cent. has been settled. The
settlement, however, differs from that among
the gas companies the gas having been
ended by the acquisition by the Consolidated
Gas Company the largest and most powerful of
the corporations involved. of controlling inter
ests in the stock of its rivals, the New-Amster-
dam Gas Company and the Standard Gas Light
Company. In the sugar refining field the Amer
lean Sugar Refining Company. which may be
regarded as corresponding to the Consolidated
Gas Company in point of resources and magni-
tude of operations. has not swallowed any of
its rivals, unless 1t be that 1t is to control
the new company to be formed by the CONSOLE
dalton of the National. Mollenhauer and New
York Sugar Refining companies in which case
1t may be credited with having eliminated the
New York, or Doscher, refinery competitor.
It's relations with the National and Mollen-
hauer companies have all along been understood
to be entirely friendly. But whatever the fact
concerning the new combination. the Arbuckle
concern remains independent energetic and
financially we'll equipped. and the trust seem
ingly has changed it's policy and decided that
friendly competition" to the phrase of
prominent refiner, is preferable to persistence in
the costly effort crush competition by de-
pressing prices.
ADVANCE OF TEN POINTS.
Yesterday the sugar company made further
advance of 10 points in the prices of all grades
of refined sugars. the independent refiners
promptly taking the same action. This makes
a total advance of 50 points in the last two
weeks for the refined, while in the same period
raw sugars have advanced only points.
1t became known yesterday that the New
York Sugar Refining Company Doschers), with
works in Long Island City; the Mollenhauer
Sugar Refining Company, refinery In Brooklyn,
and the National Sugar Refining Company, re-
finery at Yonkers, had been bought by the firm
of b. H. Howell, Son & Co., who have long
been the representatives in this city of the Ma
tionaI and the Mollenhauer and yesterday af-
ternoon a meeting was held in Jersey City of
men interested in these properties, at which
meeting 1t was decided to consolidate the three
companies into company soon TO be inco--
porated at Trenton. to be known as the Ma
tional Sugar Refining Company, of New-Jer-
sey, and to have capital OF $looVVOoV pre-
ferred stock, the amount of the common stock
not yet having been settled upon. James H.
Post of B. H. Howell, Son & Co., is to be presi-
dent of this new company. the directors OF
which will be Mr.. Post, Claus Doscher, Fred
erick H Howell, Frederick D. Mollenhauer,
George r. Bunker. of the National company,
and Herbert D. Cory. who is connected with the
Howell firm. The companies CAPT.
talized as follows: Moenhauer, SlOOU.OVo
stock; National. S1,OO0,OOO stock; Doscher. or
New-York Refinery. 5000, 900 stock, and bonds to
the amount of $2,40OOOO
3. H. Howell Son s. Co. will be the selling
agents of the company. Mr.. Post said yester-
day:
necessarily mean the end Of the sugar war. but
the situation be more easily controlled we
easily now. There have been several million dol
lars of additional capital subscribed by OUTSIDE ta
COMPANIES ABOUT to be Consolidated have been
SOCK %
The new company win be a close eoTpoT ,s
buckles are not interested with us Our company any
timing Company. We feel now that we able to
gh the or ny9Say s sS whs BE- pos See
running The Mollenhauer will start on Monday.
The National viii remain closed for the present
AS TO THE FACTOR PLAN.
Asked as to the prospect of resumption
of the factor plan," which in operation
before the American Sugar Refining Company
and the Arbuckles went to with each other.
Mr.. Post answered.:
We are very friendly to any arrangement which
will give the wholesale grocers of the country
fair profit for distributing sugar We hope that
such arrangement be effected. and do
not believe that three-si Xteenths OF a cent pound
receive for handling sugar, when consider the
of their capital and the trouble involved
1t is estimated that the total daily capacity OF
the refineries of the trust is 5000 barrels
The Moenhauer, National and Doscher plants
have a combined daily capacity of 5000 to
10000 barrels. and the Arbuckles can turn out
3 900 to 600 barrels daily.
President Havemeyer of the American Sugar
Refining Company when asked to comment on
ineries, replied: "It Is none of my business"
At the office of Arbuckle Brothers a member
OF the firm said that while there had been con-
siderable talk. they had personal knowledge
of any developments in the trade any settle
ment of the He declined to give any opin-
ion to the significance of the formation OF
the company.
Some significance is attached to the visit in
Philadelphia sugar refining company of that
name This is Mr.. McCahan's first visit here in
several years.
With the incorporation of the National Sugar
Refining Company of New-Jersey there will be
only four concerns engaged in the business Of
refining sugar-the National, the McCahan. the
American Sugar Refining Company and Ar
buckle Brothers.
40. closing at 1882. net advance for the day
| of IA per cent.
TITLE PASSED TO EUGENE KELLY
The transfer of the title to part of the Roman
Catholic Asylum property in F~fth-aye befNc-