Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-02-23

. hfStl We udldhNt OsttEtGN
Total ..................$ llO171. 81!
Ever since the listing Of the stool
of this company It has been one II
which there has been a great deal o
speculation. It has gone up and
| gone down at times on account OF con.
ditions not directly connected with
the sugar refining business. In 1899
II was up to 1872: in 1898 II was down
to 61&. Yesterday It was quoted at
1919.
II is against this corporation that
the beet sugar men direct their guns
in their fight for further protection OF
their own industry, and which they
claim is behind all movements to less
en- the duty on raw sugar from any
country.
The officials OF the American Sugar
Refining Co. have never been accused
Of failure to look out for their own
interests. In his testimony, before the
Industrial Commission Henry o. Have
meyer, the president OF this company
said:
"As a business proposition thinl;
IL is right to get all out OF business
that you possibly can" Mr.. Have
meyer is Outspoken in his advocacy OF
free raw sugar, but asked what would
happen II the tariff on refined sugar
the differential should be removed. he
said:
1T would kill the sugar industry. II
would permit America to become the
dumping ground of all the beet sugar
of Germany, Australia. France and
Russia; 1t would re-establsh the sugar
refining industry OF Great Britain. and
everything would go to them in the
way of labor to supply to 10000, OOC
people over 100000 tons of sugar, ant
1t would be taken out of 100, 900 peopl,
who are living upon Il today"
Profits In Refining.
THAT sugar refining In the United
States is a profitable Industry under
present conditions there is no doubt
The rehners themselves are never dis.
posed to make public the secrets OF
their business. Mr.. Havemeyer has
! stated that he knew OF no process OF
| refining sugar at cost of less than
| half a cent a pound. and yet this Is
undoubtedly too high figure when the
revenue from all Of the by-products Il
| considered. fair figure Of the ex.
/ pense Of refining raw cane sugar In
this country would be iOc 100 pounds
With all added costs, and costs OF sell
ing this leaves very fair margin with
the prices OF raw sugar as they are to,
day.
Besides the beet sugar men and the
refners there are Of course the Louis,
! lana sugar raisers to be considered In
all sugar legislation. They have al.
ways been considered. BY tariffs and
by bounties they have been well pro,
tected. When there was free raw SUI
gar they received most liberal boun.
ty. The Louisiana sugar men claim
that they would not be able to com
pete with free raw sugar from Cuba.
This question Of free Cuban sugar Il
OF course the live one In the genera
question OF sugar legislation. Presi
dent Roosevelt in his first messag,
/ clearly set forth his idea that the Gu
ban planters should have some relief
All the reports Of Government officials
from Cuba have urged that In the ad
mission of Cuban sugar to the United
States, duty free, lies the financial sal.
walton of the island
Cost In Cuba.
There have been many statements as
to the cost Of producing sugar in Cuba
and this makes an accurate statement
Of just what the cost Is OF particular in,
terest, Mr.. Hugh Kelly, one OF the
best posted authorities on sugar in the
United States, has given the CONNER,
cial a detailed estimate OF the cost Of
producing sugar in Cuba and the rela,
tive cost as compared with Porto Rico
which island, being now a part of the
United States, is not subject to the
duty imposed upon Cuban products.
Under normal conditions prior to the
Spanish-American War, with labor
| abundant, the average cost OF produc.
ing sugar in Cuba was believed to be
about 2lsc per pound, the cost ranging
from 2&C on small plantations inland
; to lBc at lareg factories on the sea
coast. Under present conditions Of
scarce labor, increased taxes and
scantier yield from neglected and i'm
poyerished fields, the average cost Of
production has been advanced TO 2hC
pound.
The expense on one pound OF Cuban
centrifugal sugar, between the planta
tion factory in Cuba and the refinery IL
New York is: Transportation to sea
board, including railway freight
wharfage and literage is GOc per sacl
of 300 pounds, or zoe per pound;
freight from Cuba to New York, l2C
| a.