Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-11-11
BEET SUGAR TRADE
EASTERN SHIPMENTS WILL
MT REDUCE PRICES
NEW YORK BROKERS TALK ON
EFFECT OF THE SENDING OF
GRADUATED SUGARS
TO THE EAST.

New York, Oct. 22-The report that
the beet sugar refners of California
have begun sending graduated sugar
to New York. with the idea of compel.
ing with the local refiners in the lat.
ter's own territory, is not generally
regarded by the trade here as an i'm
portant factor in the market condi'
I tons. nor Is II believed that a decrease
/ from present list prices will roDult
from this situation.
As a matter of fact, there has al
ways been a spirited rivalry between
the Eastern sugar reiners and the
beet sugar manufacturers for the pos
session of the interior markets, but
until this year very little beet sugar
has found its way as far east as the
. seaboard in competition with the cane
product.
Most of the beet sugar produced in
California and the Far West has here.
tofore found its way to Kansas City,
and from there to St. Louis, and even
as far East as Chicago.
This year. however, the Western
crop has been unusually large. both as
to area and yield. and after the prod.
uct had been shipped to Kansas City
and vicinity 1t was found that there
would be quite large surplus over the
consumptive demand at that point. 1t
Is this surplus which is being utilized
to find n sale in the New York market.
While only two shipments have thus
far been arranged for. each of 1000
tons. the first to come by steamship
around the Horn and the second by
the Southern Pacific Railroad to Gal
weston. and thence by steamship here.
It Is stated on good authority that this
is only the beginning of a movement
In this direction.
What proportions the movement
may eventually assume can only be
conjectured. but 1t is predicted by by
those in position to know that the
extent of the invasion will not be OF
sufficient importance to cause the com
bine to cut its local prices.
In speaking of the present situation
a broker, who is well acquainted will
all the existing facts, said:
"The American Sugar Refining 90
Is not using the Missouri River as {
barrier against shipments of beet stl
gar east of that point, as has beer
stated.
at simply takes the stand that 1t Ii
entitled to a fair proportion OF bust
10, ~ which thf
freight rates from its various refner
les will allow 1t to participate.
1T is making a price of Assoc pc,
pound on Missouri River points and II
shipping sugar there, not by Lake an(
rail. but by slow routes. The interior
OF Missouri is being supplied with ship
ments from New York via Galveston
mississippi River points from New
Orleans to st. Paul are supplied from
the refinery at New Orleans.
1T Is true that the American Co. die
have great difficulty last year in sell
ing any sugars in the beet sugar terri
tory. for the reason that the beet con
tracts guaranteed a lower price thar
any the American companies coul'
possibly name. In fair competition
they then retaliated by cutting price
to point that would deprive the bee
interests of any profits.
Such a state of affairs. of course
caused a general decentralization OF tn
interior markets, but 1t now appear
that the rivalry will be more aboy
board this year. AS to affecting tn
local market 1t is out of the question.
A man closely identified with bee
sugar interests, who was INTERVENE
today concerning the proposed inv
J sion of this section of the country, 7
diculed the idea that the developmer
in the present contest was in any wa
] spectacular.
ut Is simply a question of suppl
I and demand" he said, and we inten
to market our product wherever "
, can get the best price.
THE beet sugar yield has been III
usually large this year and all beyon
the consumption of the West and mi
die West will probably be shipped
4 New York 1t is only fair competitiC
and not the Inauguration OF sugi
war in any particular.
1T Is an old established rule TIL
beet sugar always sells at 10 poin
below the price of sugar manufacture
, from cane, and the fact that beet sugi
sold in the West last year 10 poin
below the American Sugar Co.'s quot
tons on the day of delivery did n
mark the Inauguration of any new tn
3 ory."