Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-06-29


Indications point to q re-
sugar f'9ht newal of the bitter fight
In Sight. begun last year between
the American Sugar Refining Co. and
the beet sugar factories for the trade
of the Middle West. The combine is
sending sugar West at a low rate and
storing 1t SO as to be in better posi-
ton to underbid the beet sugar manu-
lacturers.
At present the combine is especially
active in the Southwest in what Is,
known as the Missouri river territory.
Ncbraska. Colorado and California
beet factories have been making bid
for this trade. Last year the fight be.
came so fierce that the combine cut
the price Sl.5O per hundred in order 20
force the beet sugar men to fill their
contracts with the wholesalers at
loss.
The announcement that the Ameri'
can Co. has shipped 200 acres via tho
gulf and Galveston to the Missouri riv'
er at a low rate shows 1t Is making
early preparations for the summer
campaign. Shipping by water and
rail and storing at Western points Is
q new departure.
The Refining Co. began its campaign
against beet sugar in both the North
west and Southwest two years ago by
asking the wholesalers to use their IN
fiuence in keeping the beet sugar fac
tories out of the refining business. Tho
proposition was made to have the beet
concerns manufacture only raw sugar
It was pointed out that If the Amer
lean Co. controlled the refined output,
the sugar market would not be demon
allied and the wholesalers would make
sure, although small, profit, Instead
OF being forced to do business at a
loss, as might be the case should the
beet product become an important fac
tor and demoralize the market. The
beet men of the Middle West declined
to quit refining.
Last year when the fight on the Mis-
souri, river was begun the NorthweS
was excluded to some extent. 10 ~ be
lieved by men well informed on sugar
traffic that the combine will adopt the
same tactics in the Northwest 1t Is us
ing in the Southwest.
Instead of shipping all rail 1t may
seek a cheaper route by lne Lakes and
store a large quantity in the North
west to meet successfully the beet
products competition in the fall
months. Although beet sugar cuts on
ly small figure in Northwest con
sumption, the combine Is anxious 10
hold it down and at the same time
head off any new factories.
Beet sugar men say that they have
proof that the American Refining Co
does not control a single beet sugar
factory In the United States, in spite
OF reports to the contrary. Its repre-
sentatives bought a minority interest
in one factory in the Saginaw Valley
Michigan, to obtain inside information
on the industry, but their operations
have extended no further.
er. Salt Lake, June 4. -
Whatever opinions may
ouS'"s Up have existed about the Su
Beet Sugar. gar combine trying to con
troll the beet sugar making industry II
Utah and Colorado and other States
they will be influenced somewhat
when men familiar with the situation
are heard to express themselves, a!
David Evans did after his return from
Greeley Col, where he went a few
days ago to attend the annual meet
ing of the shareholders OF the Greeley
Sugar Co,
At this meeting T. r. Cutler, mana
ger of the Utah Sugar Co, resigned the
presidency of the Greeley Co. and C
S. Morey, a wealthy wholesale grocer
of Denver, succeeded him.
There is no use Disgusting the fac
that the Sugar trust has got us" sale
Mr.. Evans. I'VE are compelled to sci
out to the Havemeyer interests or sui
fer the consequences. That is, thu
trust submitted the ultimatum that w
rust accept Sl25 a share for half @
our stock, so the cane sugar interests
would have equal say with us. All o
the principal shareholders agreed t
thIs, and an opportunity will be giyeI
20 the smaller holders to come in a
tho same figure.
AT first was against selling out
but when ! learned the situation
yielded. | was informed by unques