Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-05-02
SUGAR TRUST
DEALINGS.
Mr. Hayemeyer Tells About Them
Before Senate Committee.
NOCONrROL OF CUBAN OUTPUT
Amount Purchased IL Only Interest
Hamburg Fixes Price OF Sugar
U. n Not Cuba's Only Market


washington May 1.-THE inquiry in.
to the present holding Of Cuban sugar
and Cuban lands ordered .ty tho san
s,o nc h.-,,I ..,", 1eIe' " wy SCI"
"'e' was peBuh To-Day Dy the SuD-c0m
mlttee on Cuban relations President
Henry c. Havemeyer OF tho American
SUGAR pedrine. oo,,ro,,,, ,.,. ,,,, 49,.
-. ',e COMPANY va 'ne niS'
witness Others present with Mr.. Have.
meyer were Arthur Donovan, treas.
urer of the company and Henrv n
Mat leo araom -.
''' 9Ne"' 'u'ei' al Vi theiil
were sworn
| Replying to questions by Senator
Platt Mr.. Havemeyer said his company
was generally known as the sugar trust
| and that its refneries are located as
| follows: In New Jersey. one. New York
| three Massachusetts. two: Philadel.
| phia, two: New Orleans. enc.
win you" Senator Piatt asked tell
the committee how much Cuban sugar
II any, has been purchased and is now
held by your company"
Since early in February last we
have purchased $4,000 tons or 256 900
bags, or about ten days supply" re.
piled the witness "Of that quantity
5000 tons is now in process of shipment
from Cuba. The prices paid ranged
from Sl.75 to Sl93, the highest price be-
ing paid on March 10, and the lowest
on April %.
Where do you buy your raw sugar."
All over the world, IN Cuba, Java
Hamburg, Trieste, the British West
indies, South America, wherever sugar
Is grown,
Does the $4,000 tons you mention
represent your entire purchases in Gu
ba since the LIST of january"
mo. We have bought all told o. 600
tons Of Cuban sugar during the present
year, or about three-fourths of n
months supply, our consumption being
about $4,000 tons per week.
Have You taken any options on On.
ban sugars" ~ have not.
Have you made an advances on anv
Cuban sugars?" None whatever"
so that you wish to be understood
as saying that the amount Won have
mentioned as having purchased repre.
sents your entire interest, direct and in.
direct, in Cuban sugar7d
That Is the statement make"
Continuing, Mr.. Havemeyer said tho
entire Cuban sugar crop Is about 75O 400
tons but that much of 1t has been with.
held from the market in view OF the
possible tariff concessions TO be made
bytCongress. on this account his pur.
the ayeps 90 o os ot 3niy about ope'thrd OF
count too, the purchases had been
, i,aue principally at outports where
the storage facilities were poor, rather
t,lan az havana. The purchases from
We outports mad caused most Of the
shipments 70 be made from those ports |
Iatnerl than IRON Havana, where the |
company now has about 5000 tons |
stored me purchases at the outports
iiao caused the sales there to be made |
on parity with the beet sugar nricaS
speaking OF the capacity of his com.
pahy' ne said that Il refined G5 per cent
~ Tue American refined product. He |
auuea that the percentage Of his com.
NJ. .,',.s plouuct compared with the en- ire
sugar consumption OF the United States
mas apout % per cent. Last year his
-oafnpa"y produced 100000 tons Of the
re,,i'eu ,o Su oSa whlle the consumption
po, ,,svy'UUV TONS
mug 70 the purchases Of Cuban
, ,,e,.a. ior tue present year, Mr., Have
suVe hgures OF purchases for
ny ~, YEARS 70 snow the relative volume
>, >, , ,ns current ". ACQUISITIONS saying that
.s s1S,' e S1f'vvy IONS mad been bought. In
'u'' VoV loS t6Sl - suo| 000'9FS 1851
HAMBURG FIXES ppTcu
'''~i+
Ia iSpiy 10 othef questions, he said
VA, me price OF retail sugar in the
let prices in Hamburg. The price there
world, said he on the subject Of tbe
rice OF Cuban sugars, he said that he
ompany could not determine The nrico
We have" he said, mo control over
hem whatever; they don't belong 10
s." "
Cuba has to sell her sugar in This
market, hasn't she?"
mo, that is not true. She can sell IN
,ngland, for instance, IL she rs desIro,s
, do so. England could take the entire
uban crop"
Mr. Plat then asked. "Suppose the
nited States should make a concession
Z say 25 per cent In the tariff rotes an :
uban sugar. could not you refuse m
ny the Cuban product except al vour {
vn rates and thus secure the beneflt I
the concession" I
I'm no way" was the reply. "Cuba I
ould be under no obligations 10 sell 10 h
!, because as / have said the Cuban /
'oducers could find other markets n
'All the duty has been taken on NJ 1
Drto Rico sugar; do YOU get thai en-. 1
lr any cheaper on that account 90 {,
mot at ALL"
)NTRACT FOR HAWAIIAN CROP.
- II
now ABOUT the Hawaiian product" g.
we are under contract for the entire s.
''VOV tons produced In Hawaii. There s,
no tarin on that product, but the IL
ice Is not affected by that circum- q
tnce. n