New-York tribune., 1900-08-01
SUGAR WAR ON AGAIN
ARBUCKLES ANNOUNCE TRADE DIS
COUNT AND THE TRUST WILL
MAKE A COUNTER MOVE

After a brief period OF apparent harmony. De-
velopments -rose yesterday which pointed
newal OF the war between The sugar companies A
new situation in the sugar trade vas brought about
oy the issuance yesterday morning By Arouckle
Brothers Of the following notice
Effective to-day trade discount OF per cent
deducted from invoice.
Prior TO this announcemeur " : OSBORN. gen
eral sales agent of The American Sugar Rsdning
Company. Informed the brokers that there would
De no extra trade discount allowed Certain
brokers' he explained. have been soliciting bust
ness under the impression that an extra trade dis
count would Dc allowed This was u-aurhOrfzed-
and brokers doing so orIv 5aopsrt.zs their br.zi
ness with this company There has never been
any ntination that such discount would De al
lowed and so far as know there SfI be no extra
trade discounts
after Mr.. Os5OrE's warning % the brokers was
looked upon oy many people III rns trade as an
indication that friction existed among the rehners
tnasmuch the per cent discount allowed by the
Arbuckes brings the price down 20 about 70 cents
a barrel under the prices OF the American Sugar
Refining Company and other refners When NJ
Osborn vas informed OF The step taken D. the
Arouckes he said. 4 don't care what the Ar
buckles do Our terms are thirty days. less per
cent for seven days That is plain enough for any
body
But despite SIr Osboru's statements The asser-
tion was made yesterday thar the American Sugar
Refining Company had oeen allowing The extra I
per cent trade discount since July Is In an
nouncing the extra trade discount. man OF prom
inence in the sugar trade said 10 a Trtbuue r.
porter yesterday the Arbuckles are only doing
openly what the trust IS doing secretly"
That the cut VIII Be met BY the American con-
pany and other refners was made clear BY James
H Post. president OF the National Sugar Refining
Company When he was seen N ths afternoon hs
said;
I presume the reason the cut has been made IS
that the Arbuckes find il necessary 70 move some
OF their sugars. and cannot market them AZ the
CONSIDERED nigh In nv 111grs1t II vii Be love-
and other viii help lessen prices The
reason for the prevailing nigh price has been ths
scarcity Of cane sugar and the fact that Euro
pean syndicate rOls all those grades OF beet
sugar which come 70 this country mean oy that
ST ro1,i-z 80 -5t1 1CT1T-- re- sea- -rsSs 81
in a remarkz5iy healthy condition There Is 10th
cr1f cut -'S'''' @7--'s HI ''
VIII you meet the cut made BY ths Arbuckissr-
Mr.. Post asked
We shall certainly meet the cut, he replied
but in Just what way cannot tel you We have
done nothing yet but whatever We do VII b
either openly announced or We may meet the euE
BY private methods. But, anyway. We VIII do
what is necessary 70 protect our business. even z
we have 70 cut ;. 3 or 10 per cent - -
break Out2''
~The conditions are different now from what they
rake1 Mr. post answered What would be the
object OF the ArbuckIes in making an aggressive
the same thing 10 them when the parties now IN
the field are strong ana none can nope 70 80
sugar shares were the most active feature % the
stock market yesterday, the sales asgregaIinz
sroCLy closed Al 12l- half point from the lowest
quotation OF the day. and net loss OF - points