New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-05-02

have said. the Cuban producer could find o'ner
sugar; do You get that sugar any cheaper On 'i'@'
How about the Hawaiian product?' ..onoo TONS
We arc under contract for the entire sotV' That
produced in Hawaii There is no tarin on 'r ne
product but the price is not affected Oy 'Aa'
lit has been stated repeatedly that in case sqe
suggested concession Is made the sugar Is smch
reductions that you will secure the entire Oehe"'
we could not oblge' any reduction" SAID Ut MT;
Havemeyer In case Of concession a oons 80
of cent pound. but that would be m4eni Which
compared to the reduction IN IHe u yarn cent pound
Even so great a reduction as nav u n and
if there should be any pressure on that accoun 5
the necessity would be that of the producers anu
TRUST OWNS NO CUBAN LAND.
In reply to another series Of questions. Mr..
Hayemever said that his company such, holds
no sugar lands in Cuba, but he added that ne nlo
himself made some purchases there, but ne uid not
consider 1t legitimate to compel him 10 repy ~
questions pertaining these interests H. ne
said the committee compels me to give the IN
formation can of course, do so. but 90 nol Sc
what my private interests nave 10 uo Win TINS
Proceeding. he said that some five or six years
ago he had acquired a half interest ia sugar
plantation at Tanamo Bay. but when the owners
had prepared TO use the lana theiT rrents and
nothing had since been done with II Other lht yer
eStS neld 10y MIN IN Cupd
lows Forty per cent of the stock OF central calitS
the Trinidad, which has n land conneGted % "Ie r
cent of sufar factory at Chappawa; Silgh no IN
not recalI: an interest in a plantation At Santa
Cruz connection with Mr.. WEIGH an aa~ana9 an
sugar a year All these interests had been &c, &C
CURED ne sa,a 9HI0re Of REELECTION of the tariff
rates. He added that he knew nothing ABOUT
Cuban land holdings by other AHefIc2 rb
Mr. Havemeyer said that along with a ~ 600 I ton
purchases the Sugar Trust had bougnt SV ~ LII
- frfoT1
Of Course he said be understood that this sugar
was not bought because Of any prospective con-
This ended senator Patts queStonoSt d In the be-
ginning the fact that the capital STOCK oI en- o go
had been increased in recent yea asked Mr. Teller
that at the time your company made TINS increase
had been made for the purpose Of purchasing sugar
Mrs HaTemeyer replied that he did not recall the
what. then" asked Senator Teller. was the
nurnose OF your company in this Increases?
The purpose to promote our general cor COT
or Indirectly purchased any sugar lands except IN
Porto Rico. We did have such a purpose there Tor
In reply to question concerning the suppositItious
producers generally Mr. HavemieyeT SAD S, ne
knew something Of them ne T'g Said bs had
not advanced any money to the sugar planters, but
to them by the local banks and that no doubt adj
vances had also been made by American sugar
his purchases through Cuban brokers. but that so
far as he knew none OF mem Ia sl Win bTokeTs
who had sugar of their own to sell. 80 ~,
Havemeyer said that the entire plant at Trinidad ID
was owned by AmeElcaGs Nm M ATKINS n sb no tIa9 20
Der cent and himself the other 20 per cent
states. Mt Havemeyer said he had no understand
Ing with the other rehnSriGs except the SpreSSSrs
ship with Mr.. Spreckes. All other refneries were
Of the Spreckels refinery he placed at 1e"" pounds
n day.
CUBAN SUGAR HELD BACK FROM MARKET.
Asked by Mr.. Teller whether he stIn buying
sugar in Cuba. he said: We still trying TO
buy but we have not succeeded in making any
purchases since April 26. when the sugar
withdrawn from the market account OF i'm
proved chances Of securing the American conces-
sion"
How do you account for the fluctuations in the
price of Cuban sugar which you have mentioned
as having occurred within the last few months?''
They due TO the changes in the beet sugar
market in Hamburg. There has been a constantly
dropping market there, on account OF the increased
beet product. which has amounted to about
million tens In the last year"
Then you regard the beet sugar producers
competitors of yours
Il certainly do; there is what you might call
commercial rivalry"
Last summer you fixed the price OF refined sugar
at points In the Missouri Valley very low. did you
not?'
Yes. did; We put it at 31O2 cents a pound.
whereas the price before had been AZ cents and
the price at Atlantic coast points still main
tained the higher figure"
How long did YOU keep the price down?''
Until we recovered our trade. The beet sugar
makers undertook control the market by con-
tracts with dealers which l considered In restraint
OF trade. Consequently reduced the price until
our trade was restored to us. keeping IL down to
the lowest point for about weeks"
lie denied having informed beet sugar producers
that he intended keep up the war until he drove
them out of business. lie had nothing To do with
them. he added.
In response to further questions Mr.. Havemeyer
said there had been uctUation Of prices al Mis-
souri, River points for about six months but when
the trade was entirely restored 10 the trust prices
had been restored To their normal statu. which
Is the New-York price with freight rates added
Under these conditions asked Mr.. Teller
where are the beet sugar men to sell their
product"
RIVALRY WITH BEET SUGAR
Il don't know. That is their business and they
won't tell me- because they know that II they did
would get at them again. I do not propose that
they shah control the trade. and 1t is all that i
can do to take care of the American company's
interests
Mr. Havemeyer declared however, that he had
no intention of driving the beet sugar industry out
of the country. but said that he had put down the
price TO less than cost In order to secure his share
as far as my directors will allow me. as long as
there Is any money in treasury
Further explaining his position he said that the
beet sugar producers had entered into a contract
with dealers, giving them the exclusive market
and TO this he had objected. because after the
heet sugar men had sold their entire crop the
brands or the trust would be compare lively I'M
They TOOK customers Ne said Sy Unfair
make. and that Is what objected to-