The Washington times., 1911-10-15

cutions, will be begun In January IN
the Federal Court in this city against
the officials of the American sugar He-
inning Company.
Rumored Tobacco Plan.
With signs Of present and Impending
activities against the industrial cor
pora tions, such as are indicated by the
foregoing 1t is difficult to sec wherein
Wall Street can extract much comfort
from the plan or alleged plan for wind
Ing UP the American Tobacco Company.
Yet on the revival Of the report that
the tobacco disintegration plan was
about to be fled the securities OF that
company. particularly the per cent
bonds, became tremendously activc, and
Ss sois sSus q the
!ty market Of the week. At this wridng
II Is impossible to say whether TINS
movement is based upon real enthus7
iasm over the plan Of dissolution, AND
precedent for the easy dissolution 9f
other trusts or whether II is simply
beneficial to the company's issues alone,
anording basis for q market turn
1t would seem II the plan. whatever
form 1t may take, is to establish .
model for the guidance Of other trusts.
that securities other than those OF the
sGsaHse sIsf benesa sSS bss thSs
monopoly have continued inert. An
other point which does not appear TO pe
settled bears upon the attitude OF the
tobacco INDEPENDENTS; who. on the . re-
port that instead Of general disin-
tegration into constituent concerns, the
trust contemplates resolving itself into
three companies, have organized q
movement and employed counsel to night
such an arrangement In order to secure
actual competition in the trade. ~ the
tobacco plan does, indeed, establish a
model for other trusts It may go long
perplexing problems, but it seems too
early to speak of that yet for the ru-
mored details of the plan published IN
the Street have been denied, Aside from
that the authorities have made 1t clear
that each industrial corporation Is to
be considered by itself, and so 1t seems
that every dissolution Of a great In
dustriaI may constitute a specific dis
location in q method Of business.
Business Cross Currents.
The cross currents now running In the
general industrial situation are we'll H.
Illustrated by three important reports.
which came forward in the general
course of news. While the United
States Steel Corporation reported de-
crease in its orders on hand. September
30, OF l,6O0 tons, and while the report
Of the Copper Producers Association
showed an increase in copper stocks OF
7,453,a55 pounds, despite a decreased
production Of s.sO4.71O pounds Of anthra-
cite coal shipments amounted to 6,73o. .9sS
tons. an increase OF 7S3.l9 tons over
September, 1910. This breaks all pre-
vious records for the shipment OF an
thracite coal for September In tho his.
tory Of the Industry. OF the Steel
Company's showing on untitled orders,
it may be said that the total OF s:sii'ao sdo
tons from August 81, is nearly 1000 200
tons larger than the 2,674,757 tons re-
ported on hand on December !. 1910;
week which cannot be accounted un-
favorable, was the Government crop re-
port for October. 1t is true that the
grain trade looked for a slightly better
Condition for corn than the 70.4 per
cent reported. but this Is a shade better
than the 7O3 per cent reported for Sep