The evening times., 1900-08-01
A SUGAR BATE WAR.
Cut by the Arbuckies TO BE Met by
the Trusf

the Trust
NEW YORK, Aug. AFTER a brief pc
riod Of apparent harmony developments
arose yesterday which pointed 10 a renew
al OF the var between the sugar companies.
new situation in the sugar trade was
brought about BY the issuance yesterday
morning by ArbuelHle Bros. of the follow
ing notice:
Effective today a trade discount of l
per cent viii be allowed on all purchases
OF sugar. to be deducted from invoice.
Prior to this announcement ". S. Os-
born general sales agent OF the American
Sugar Refining Company. informed the
brokers that there would be no extra trade
discount allowed. Certain brokers' he
explained. have been soliciting business
under the impression that an extra trade
discount would be allowed This was IN
AT thorized. and brokers doing so only
jeopaedlZe their business with this comDa-
nv There has never been any intimatiOn
that sush a discount would be allowed. and
SO far as ! know there Will be no extra
trade discounts
The action taken by the Arbuckles i'm
mediately after Mr.. Osborn's warning to
the brokers was looked upon by many pep
pie in the trade as an indication that fric-
tion existed among the rehners. inasmuca
as the ] per cent discount allowed by the
Arbuckles brings the price down to about
20 cents a barrel under the prices OF the
American Sugar Refining Company and
other refners- When Mr.. Osborn was liz
formed Of The step taken by the Ar5dckies
he said: Il don't care what the ArbuckIes
do. Our terms are thirty days, less ! per
cent for seven days. That is plain enough
for anybody
But despite Mr.. Osborn's statements the
assertion was made yesterday that the
American Sugar Refining Company had
been allowing the extra l per cent tra-e
discount since July l5- In announcing the
extra trade discount" n man OF pro4n.-
nenee in the sugar trade said, the Al
buckles are only doing openly what the
trust Is doing secretly"
That the cut will be net by the Ameri-
| can Company and other rehners was made
/ clear by James H. Pest. president of the
| National Sugar Refining Company. who
I said:
Il presume the reason the cut has been
made is that the ArbCCkles find II necs s.
Eary TO move some Of their sugars. ar1
cannot market them at the prices We are
/ getting. The sugar market is now con
I sidered high In my judgment IL will be
I lower IA sixty days. The European crop
/ Will Be coming. and other causes viii help
! to lessen prices. The reason for the pre-
| vailiEg high price has been the scarcity
| Of cane sugar and the fact that a Euro
Dean y uglcGte controls al inOse SEAGeS OF
! beet sugar which come TO this country I
msan by that those grades Of color lower
| than Nc. Is. Dutch standard. GTIdes above
/ No. 10 pay an extra duty on coming into
I this country The sugar trade is in a
/ remarkably healthy condition. There is
nothing C-scouraglng in the outlook or
| omincus in the cut
| "WiH YOU meet the cut made b. the
1 Arbuckles7'' Nr. Post was asked.
We shall certainly meet the cut" he
replied. but in jus, what way ! cannot
! tell YOU We have done nothing yet. but
1 whatever We DO VIII be either openly an
/ rCuHced or We may meet the cut by pri-
/ vate methos-s. But. anyway, We viii do
| what is necessary to protect our business,
| even If We have 10 cut /. ,. 3. or 10 per
! cent
Does this mean that another sugar war
| VIII break Out2"
The conditions are different now from
! what Jney were when the previous az
{ gressiva steps were taken. Mr. Post an
I swered. lat wcIid Be the object OF the
/ Arbuci-les "A making an aggressive attack
Cn Us! WhsS would be our object in doing
I the same tEi2g 10 them. when the parties
nCw in the field are strong and none can
! hope 10 get another out Of business