Rensselaer Republican, Volume 20, Number 46, Rensselaer, Jasper County, 19 July 1888 — SPRECKLES’S BIG DEAL. [ARTICLE]

SPRECKLES’S BIG DEAL.

When Claus Spreckles announced that he Avould fight the great sugar trust single-handed, every; one prophesied he" would come-togriefFin spite of his millions. Now the first victory for Spreckles in the fight must be recorded. When the trust was formed a few months ago the officers began not only to corner refined sugars, but to include in the squeeze the raw product'. They, of course, pinched the producer as well as the consumer. The result of this Avas that they boomed the raw article, but caused hand to mouth buying of the refined product. Claus Spreckles saAv through this little game, and, quietly capitalizing his resources, bought all the raAv sugar he could secure. Now ihe refiners find that they have largely oversold refined sugars, that the raw product is beyond their reach, and they are obliged to send to Europe for raw materiaL Some time ago. Mr, Spreckles contracted for 50,000 tons of toav sugar from Manila, and on this transaction alone at the present rates he can realize $lO per ton, or $5,000,000 in the aggregate. A dispatch said Claus Spreckles had Joined the Sugar Trust, but his son denies it, and says Spreckles is just getting into good fighting trim.