The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-02
SENATORSAFTER SUGAR TRUST
Inquiry Into Sugar Holdings Begun by Sub
Committee on Cuban Relations.
president HAvEMEYER WAS FIRST WI
he Admitted Lowering Prices to Less Than Cost to
Defeat the Beet Sugar Producers and Secure
His Share of Trade.

Washington, May 1.-The Inquiry into the
present holding OF Cuban sugar ana sugar
lands ordered by the senate was begun to-
day by the subcommittee on Cuban rcla-
ions President Henry O. Hayemeyer Of
the American Sugar Refining company waa
the first witness and all OF the members Of
the subcommittee, Mcssrs platt Comm,
Burnham and Teller, were In attendance.
senator Patterson also was present Others
present with Mr.. Havemeyer were Arthur
Bonner treasurer Of the COMPANY aud
Henry c. Mott, its raw sugar buyer. All
Of them were sworn.
Replying to questions by Senator Platt.
Mr.. Havemeycr said his company was gen
orally known as the sugar trust aud that
it's rehncrics are located as follows In New
Jersey one. New York three, Massachusetts
Two; Philadelphia two, and one in New
Orleaus.
VIII YOU" Senator Plat asked. tell
the committee how much Cuban sugar II
any, has been purchased aud Is now held
b. your company
Since early in February last we have
purchased $4,000 tons, or $4,000 bags, or
about ten days supply replied the wit
ness. "of that quantity 26QUO tons Is now
10 process Of shipment from Cuba
Inc prices paid mad, he said, ranged from
Ito TO l92, the highest prices uelng paid
on March Is and the lowest on April -.
Where do you buy your raw sugar."
All over the world, IN cuba, Java, Ham
burg Trieste, the British West indies,
South America wherever sugar Is grown %
Does the JN,oQO tons you mention repre-
sent your entire purchases in cuba SINCE
'No: We have bought all told $1,000 tons
OF tuban sugars during the present year,
~ about thrcefourths OF months sup
ply. cur consumption being about 31vvO
tons per week"
than that purchasedY
None Whatever In any manner
sugarY
Il have not"
"Haye YOU made any advance on any
cuban sugar.
None whatever"
50 that you wish to be understood as
saying that the amount you have mentioned
as having represents your entire interest
direct and indirect, in cuban sugarss
1nat Is tue statement | make
Continuing, Mr.. Hayemeyer said the en-
tire Cuban sugar crop Is about 10000 tons
but that.mueh 90 1t has been withheld IRON
the market IN view of the possible tarin
! corrections 90 be made by congress On
this account his purchase had been Only
about one-thlrd Of the average of other
years, On this account, too, the purchases
| had been made principally at outports
where tue storage facilities We're poor Iath-
er than at Havanu. The purchases from toe
cutports had caused most Of the shipments
to De made from those ports rather than
from Havana, where the company has about
! f9,o0o tons now stored. Tue purchases az
| the outports had caused the sales there TO
be made on parity with the beet sugar
/ prices
Speaking OF the capacity OF his company.
| he said that II refined per cent Of tue
| American refined product.
He added that the percentage OF this
company product compared To the entire
| sugar consumption OF the Unlted states
/ WAS about 30 pcr cent Last year his com
/ pany produced l,2O0,OOO tons OF the refined
/ sugar. while the consumption was 100000
| tons.
! Returning 20 the purchases OF Cuban
/ sugar for the present year. Mr. Hayemeyer
/ gave hgurea Of purchases for other Years
| 10 show the relative volume OF the current
! acquisitions. saving that IN 1852 pa On IONS
had been bought; in 1898 246,O0O TONS: m
/ 1884 81 coo tons
! Ia reply 60 other questions De said that
! the price OF raw sugar IN the Emitted states
| Is liked by the bret market price m Ham
4 burg Inc price there nNes the selling
! prices fer the entire world said Mr. HavS
1 meyer. On the subject ~ the prlce ~
| Cuban sugars he said that hls copnsn,
| coull not determine their price
we have be said. mo control ovee
them Whsteyeri they do not belong 10 Us =