Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-05-16
TELLS THE STORY
BEFORE COMMITTEE
OF HOW SUGAR TRUST OPERATES

tons of refined sugar, while the con
sumption was 100000 tons.
Returning to the purchases of Cuban
sugar for the present year, Havemey
er gave figures of purchases for other
years to show the relative volume OF
the current acquisition, saying that in
1892. 25I OOO tons had been bought; In
1898, 100000 tons; in 1894, $4,000
tons
Fixed Sugar Market.
In reply TO other questions, he said
that the price OF raw sugar in the
United States Is fixed by the beet mar.
ket prices in Hamburg. The price
there fixes the selling price for the
entire world. said he. On the subject
OF the price Of Cuban sugars, he said
that his company could not determine
their price.
We have. he said. mo control over
them whatever; they don't belong to
us"
Cuba has to sell her sugar in this
market hasn't shc?"
NO; that is not true She can sell
In England. for instance II she is dc.
sirous to do so. England could take
the entire Cuban CROP
Plat then asked: Suppose the Unit
ed States should make a concession Of
say % per cent in the tariff rates on
Cuban sugar. could you not refuse to
buy the Cuban product except at your
own rates, and thus secure the benefit
Of the concession"
I'm no way" was the reply. Cuba
10. ..l1t n
20 us, because. as have said. the Gu.
ban producers could find other mar.
kctr."
"All the duty has been taken off
Porto Rico sugar; do you get that SUI.
gar any cheaper on that account"
Not at all"
The Hawaiian Product.
How about the Hawaiian product?"
we are under contract for the en-.
tire 100000 tons produced in Hawaii.
There is no tariff on that product, but
the price Is not affected by that fact"
ut has been stated repeatedly that
il this concession is made the sugar
trust will be in a position to obligc PRO
duCers to make such reductions that
you will secure the entire benefit Of
the Legislation. Is that true?"
we could not 'oblige' any reduction.
In case of a concession to Cuban sug.
ar, the price might be lowered. say
one.siXteenth of a cent a pound, but
that would be nothing as compared to
the reduction in the tariff rate, which
would amount TO about one.third of a
cent a pound. Even so great a reduc-
ton as have mentioned would depend
on the necessity for marketing. and II
there should be any pressure on that
account the necessity would be that OF
the producers and would not be ours"
No Cuban Lands.
In reply to another series of ques.
tions Havemcyer said that his com.
pany, as such, holds no sugar lands in
LuHa, but he added that he had him.
self made some purchases there. but
that he did not consider II legitimate
TO compel him TO reply to questions
pertaining to these interests.
Proceeding, he said that some Ave
or six years ago he had acquired q half
interest in sugar plantation at An.
tOmo bay, but that when the owners
had prepared to utilize the lands their
improvements had been obliterated by
the insurgents and nothing had since
been done with the land. Other inter.
ests held by him in Cuba were enum.
Grated as follows: 40 per cent OF the
stock Of central factory called the
Trinidad. which has no land connect.
ed with 1t, but which produces about
5000 tons annually: 90 per cent of
sugar factory at Chappawa; a slight
interest in another factory whose