The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1868-11-07
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A Model Sugar Circular.

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A Model Sugar Circular.
Our Honolulu correspondent has placed us in
possession Of a printed circular addressed Ia the
sugar planters Of the Hawaiian Islands by George
Gordon, Of this city. Its deductions are arrived
~ by an i~nyOluted process eninently GprdOnian.
The circular Is a special plea in behalf Of the
writer, whose anxiety 10 close n contract which
shall include all the planters. and exclude all
other purchasers than himself from participation
IN the prOhts, peeps out in nearly every para
graph. Here i an example: FOR even sup
po=ing the present prices for yellow are maintains
ed 10 the end Of the year. the company. upon
sales Of 5000 600 pounds OF yellow sugar may
have gained u cents above what they otherwise
would have gained but 20 do this they have pur-
chased $500 tons of Island sugar at Sli Per ton
above what the same grades from Manila and Ba-
tayia would have coet laid down here In this
sentence the what may come TO pass, should pres
ent prices be maintained 20 the end Of the year
three months and q half-is - curiousiy jumbled
with what has already transpired, that the future
Is made 20 become a portion Of the past. But
assuming that Mr.. Gordon wac compelled 10 pur-
chase 600 tons of Island sugar at the rate
named, does he not also give a satisfactory reason
when be tells Us that by 50 doing tie company
made u cents per pound more than 1t would
otherwise have done?
Another precious feature Of the circular is the
earIestness with which Mr.. Gordon endeavors TO
impress the planters with the necessity for COM
bining against everybody but the company he
represents This l. accompanied with a little
threat IN the following terms: elf they cannot
80 far combine towards a common purpose, IN
which all are interested, 1t will be useless for the
refner to negotiate with them. Ii will then lie
bis interest u let yellow sugars run down 10 their
lowest point (Which will carry raws with them.)
in order To get his working stock NJ a low Fl ire."
Here 1t i assumed that the traffic in, and CON
sumption Of, sugar mUst cease altogether, because
Mr. Gordon refuses u buy unless the planters
combine 10 sell only 10 him on such terms az may
suit his convenience.
The next Paragraph Is especially suggestive; it
says: IF. on the contrary, the planters see il
TO their advantage 10 make such an agreement
amongst Themselves, as will limit their shipments
Of grocery sugars To the quantity which can be
probably sold, and make the rest of their CROPS
into refinery grades, the rehner can then, with
reasonable safety, contract 10 take them, and reg
ulate the market by discOntinui1g imports from
Manila, Batavia, etc. Here we have the whole
thing in a nutshell. Make only refinery grades,
so that they will be useless 10 any but MIR. Cor
don; give bin the sole monopoly enable him 10
control the entire market at his own prices, and
then il will be safe for him 10 contract with the
planters, but not otherwise.
In a note on the second page of this curious
the author cOolly asserts that superior,
current clayed Manila las ranged in this market,
during the present year, at 81 10 per 100 pounds,
In bond, and at the same time he was paying the
tl1Nhlldu 4dIhtI5 IT lie dlt u ~ e luO ]
pounds for their sugars, in bond. Did the stock
holders Of the San Francisco and Pacific Sugar |
Company authorize this unusual payment of
eighty-fve cents per 100 pounds for Hawaiian sugar
over and above what 100 pounds of an equally
good article could be had for from other sources?
hardly think he is the man 10 do business in
this kind of style.
The planters are warned that they must reduce
their prices for 1869 to suit Mr.. Gordon's views,
and unless they obey, the sugar producers of
Central America and Peru would find it profita-
NJ those rates, (1S6S,) 10 alter their make
from refinery 10 grocery grades, and 80 oyerstock
)ur market from that quarter" Mr. Gordon
need not be told that the products of Central
America and Peru can have but little effect to-
ward oyerstocking the markets of the Pacific
He then alludes TO a sample of Peruvian gro
cry sugar which sold here at auction for Sl1 80
GER 100 pounds, 60 days, and adds: at Is I'M
ierstOod that this price left the importer a profit,
md 500 tons more are coming this fall. The
-aJacity of Peru for making this sugar is large
Ie does not commit himself by saying that Peru
ms made large quantities; but only intimates
hat she has capacity for 50 doing. We are Of
he opinion that the late terrible earthquake will
materially interfere with that capacity this
ear.
The concluding paragraph is peculiarly chaTac-
~eristic: il reads IL have thus frankly placed
,eforc you the statistics of the trade, and the
prospects of 1862 a. they appear on this side.
n no probable case can we expect n very Pre- TIA
lc sugar year, but we may, by timely e~O-opeSa-
ION. avert the serious disaster Of a glut;cd mar
without export outlet" In short, the circu-
ar means this and nothing else: make such
ugars and such only a. | require: give me exclu-
i've control Of the Pacific Coast Market; rule
ycrybody else out; sell Inc your sugars cheap,
nd enable me To- run prices up on consumers; /
knowledge 10 have made money out Of our
contracts. even 20 the extent of a cent and
half Ier pound more than ! could have done by
ny other means; but ! want to make more in
he future: lie sure and do not manufacture such
ugar a. Il purchased by other importers in this
ity; behave yourselves properly and YOU can
my custom upon my own terms.