The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-01

ON SUGAR.
The Man Who Relines 65 Per.
Cent Of Our Product
Tells About It.
What He Has Done in Cuban
Sugar This Year Why
Crop Is Held Back.

Washington, May 1.-The inquiry into
the present holding OF Cuban sugar and
Cuban sugar lands, ordered by the senate,
was begun to-day by tbs subcommittee on
Cuban relations.
President Henry Q. Hayemeyer Of the
American Sugar Refining company, was
the first witness. se
Mr.. Havemeyer said shtssfshneries were
located as follows; InsNew Jersey, 1;
New York. g. Massaeh,l -; Philadel-
phia, 2, and one in Newsarleans. Senator
| Plat asked:
How much Cuban ssns car has been pur-
chased aad is now held hssyour company
"since early in FebrEagg last we have
purchased 10000 tons. OF 900 bags, or about
ten days supply" repHess the witness. ..Of
that quantity &c, 600 tons is how I'M process of
shipment from Cuba. The nriees paid ranged
from 175c to 1.93c, the highest price being
paid on March II and the lowest on April %. -
/ Where do YOU buy go' " raw sugar ~
'All over the world: in Cuba. Java. Ham
burg, Trieste, the British West Indies, South
America, wherever. sugar is grown
Does the 50, 900 tons you mention represent
your entire purchase in Cuba since the list
of january" LIZ 4st G
.'No; We have bought ali told 90, COO tons of
Cuban sugars during hesspnesent year, or
about three fourths OF a, mouths supply. our
consumption being abo'ltfS@:s9,o0o tons per
) week" 81 800
) do you control any sugar in Cuba other
than that purchased :" E,ss ~ %tsz
? None whatever. in anysElnanner."
s ''Have you taken any options on Cuban
5 sugars?" ~ +.
, + have. not
Have you made any a1Fance on any Gu
ban sugar." za.t#
None whatever -
) $50 that you wish to be understood as say
: ing that the amount you Have mentioned az
= having purchased represents your entire in
terest, direct and indirect. 10 Cuban sagar?'S
That is the statement i make, y
Continuing Mr. Haven Eyer said the en-.
tire Cuban sugar crop s5iE about 750, 00t
= tons, but that much of III has been with
held fro n the market in view OF possible
tariff concessions. On This account M
purchases had been only Eabout8 thtrt
s of the average. His company She said, re
fined IS per cent of the american refine
product. ksS
j Heaadded that the cssksspasR. IS pnoduc
81 was about ,So per ft':. s.lga
f consunpti enF OF the u NJ sd 4sssee ates.5g
WHO Fixes the Price of, Raw Sugar
! The price of raw sugar, he said j in th
ed United. States Isl fixed by thesbeet marke
er prices in Hamburg. q The price her
At fixes the selling price for thes .entiI
world. His company could not determin
= the price of Cuban sugar, .%@ss'. ~ -.
er We have,' he said, mo control over the
GO whatever; they don't belong to- US
- Cuba has to sell her sugar in this ma
ne ket hasn't she?" ,esf .5% +
"No: that is not true. She sell in En-
land. for instance, if she desires. Engla1
could take the entire Cuban crop
=; Mr.. Platt then asked: Suppose the Unit
~ States should make concession, of 20 or
NO per cent in the tariff rates on Cuban: slt5a
e couldn't you refuse to buy the Cuban pr
raj duct except your own rates aud thus secu
IN the benefit of the concession?'',' = :
= "In no way WOULD Cuba be- under oblig
. tons to sell to US, because the. Cuban pr
ducers could find other markets" -
->"All the duty has been taken off of POI
Rican sugar; do you get that sugar a
.. cheaper?"
mo" t5sI.