The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-12-28
CONTRACTS EXTENDED
OAHU LENGTHENS AGREEMENT
WITH REFINERIEs.
Other Plantations Think They Can
Better the Present Rates-May Send
To Seattle.

A special meeting Of the Oahu Sugar
Company was held this morning at ten
thirty in the offices of Castle and Cooke
to consider the extension of the con-
tracts with the American and western
Sugar Refineries beyond the expiration
of their present agreements for another
two years.
First vice-president NJ. p. Robinson
was in the chair, j, F. Hackfeld being
also present. In all the meeting was
a small one personally, only six people
being present, but stock by proxies was
represented to the number of 2O,59'
shares. The minutes of the previous
meeting were read and approved and
the question in hand taken up prompt
ly. A power of attorney was provided
with a proposer and seconder and the
motion to extend the contracts OF the
American Sugar Refinery and the West
ern Sugar refinery from the expiration
of the present contract ending october
1 1903 until October /, 1905 was carried
unanimously, after which the meeting
adjourned.
This extension of contracts is based
upon q practical agreement between
many of the plantations to take the
same line of action. HonOkaa has al
ready taken the same course of eXten-
sion and it Is understood that many of
the other plantation will fall in line.
Under this agreement the refneries
agree to pay the plantations the market
price at New York for the day on which
the sugar arrives at that city or, if the
sugar is delivered at San Francisco,
they will credit it at the New York
price of the day of arrival at the Pacific
port less three siXteenths of cent per
pound.
This arrangement initiates against
San Francisco as the 3-l6 of cent,
equal to $3.50 per ton, amounts to con-
siderably more than the additional
freight would be on the carriage of the
sugar around to New York by way OF
the Horn or through the Magellan
Straits, according to whether sailing
ships or steam vessels are employed in
the service. Sugar carried to San
Francisco is refined at Port Costa.
There are other plantations, including
the Makee Sugar COm1any which have
not entered into this agreement with
the sugar refineries. The Makee Sugar
Company for example has practically
concluded negotiations, it is generally
understood. with the Globe Navigation
Company, whereby their sugar will bC
taken by the vessels of that line from
. Anahole to Seattle and thence shipped
h across the Northern routes to New
York where the real sugar market Is
conferred The Globe people have two
vessels on the run at present, the Tam
pico and the Eureka. Another boat o
theirs, the Meteor, is at present engaged
in the coast trade.
The Northern routes of railway the
Great Northern and the Northern Pa
cific are eaching out for new busines!
and besides possess the advantage, des
pite the tangents of land transportation
of having the geographical value o
what is practically a grand circle rOut
from Hawaii to New York, which con
stitutes a considerable saving of mile
age over the vertical trans-continenta
line in both the Northern and Southern
routes and should mean a correspond
ing saving in freight rates
Whatever the Makee Sugar COmpan!
can accomplish by way of a saying il
the arrangements they may make witt
the Navigation Company and the rail
roads over the charges on the rOutt
taken by the Inter-Island steamers ant
around the Horn freight charges, evel
if it is only five cents a ton; that much
they will be ahead of the plantation
who have practically combined to eX
tend their present contracts with th
% American and the Eastern Sugar Re
fineries.