Word: caneheart
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While the Spreckels interests are many, sugar has been the core. Great is American Sugar Refining Co. whose table sugars (Domino and Franklin) are 25% of the total U. S. cane output. Also great was Spreckels Sugar Corp. whose tablets (Caneheart) were 6%. Depression has hit both companies. Last fortnight American Sugar, whose chairman Earl D. Babst has no faith in stabilization projects, bowed to the gale and cut its dividend from $5 to $4. And last week the same gale toppled Spreckels Sugar into a receivership...
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