The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-09-19

James II. Post, representing the
Mollenhauer Sugar Refining Company
and the National Sugar Refining Com
pany. says the trust expects to make
a. settlement with the National Whole
sale Grocers' Association through the
executive committee of that Organiza-
ton, September !, by which it will give
to the various members Of the aSSoc1a-
ton who are to agree to buy eXclu-
Siyelv from it, an extra reduction, or
rebate, to be paid through the various
State associations. The agreement VIII
also provide, as at present designed,
that sales shall be made at prices
named by the trust, from which deal
ers will deduct three-sixteenths of a
cent per pound. and, if the bill is paid
within ten days, an allowance of L
per cent for cash. If this plan proves
satisfactory the trust will give its GUS
toners within sixty days the one
eighth of cent rebate mentioned
above.
IF the trust obtains a grip on the
market through the Wholesale Gro
GERS Associations executive commit
tee, we will find way Of defending
our business, says Mr.. Post. we
will make it an object for the grocers
the wholesalers, l mean-tO buy our
sugar. We do not expect to have to
sgo to the retailers, and will fight the
trust on it's own ground. We have
plenty of money and are ready TO
| spend it.
The trusts daily capacity is, cOnserv-
! atively speaking. 10000 barrels. The
| two companies represented by Mr.
| Post turn out 5000 barrels per day, the
Arbucklas make $500 barrels, the Does
! cher refinery $500. Mccain of Phila-
| delphia has a capacity of 1000; Revere
| of Boston l, 900; the New Orleans REIN
cries 800, and the beet sugar compa-
MES, when in season, 900 barrels. In
Guiding the beet sugar companies, this
| is total Of $4,000 The Independents
are not closely united.
Willett & Gray say: Without any
apparent reason, and plainly agains
the immediate interests of refiners, {
| reduction of 3-16 cent per pound was
posted. which reduction applies to al
the guaranteed sales made for deliV
ery for the next four months. AS ey
cry effort has been eXerted for a Ions
time past to make these forward sale:
as large as possible, it is unaccount
able that the profits of the business
should be wiped out without any ap
parent compromising gain. Of course
there must be some good reason 70
the action, for the sugar company i
not a philanthropist to such an eX
tent, and it will be interesting to wal
for the explanation which little TIM
may develop. In the meantime tn
independents claim that they haV
given no cause for such action by lead
ing in any cut from posted quotations
The reduction paraIyzed the country
- oil off D,11ch hll
is improving again, but there is a feel
ing of uncertainty as to what the mex
move may be, for it is almost certain
that whatever the motive Of this Re
| ductiOn, the same motive will cauS
further surprises before long, but il
| what direction is impossible to fore
see.
The policy of the American Suga
Refining Co. since the war opened ha
been to keep the price of refined 81
CARS at the very lowest minimum c
profit as compared to the price of ra'
sugars, and it was quite as much
surprise to the trade when this polio
was temporarily waived and refine
sugars advanced TO a large profit basi
as is the surprise of a sudden retur
to the original basis. The period COY
cred by the temporary advance We
that of the very largest demand fC
sugar of the entire year, and as tt
American Sugar Refining Co. ha
worked the trade so we'll that fro
so TO 80 per cent of the entire trad
, came to their mill, the extra prof
were enormous. The time for a r
turn to normal war conditions
however. we'll chosen. The consuml
ton of refined sugar during the la
quarter of year is comparative
| small. the local demand of sever
States being fully supplied by the on
, | put of the domestic beet and cal
, crops, hence the sales of refiners ahes
under guarantees are much less thu
credited to them, and will continue
| fall off to the end.
The sugar war; instead of beir