The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-01-24

all due to Jealousy, but no firm is will
ing to be the first TO suggest a com
promise by calling meeting of the
Association of Wholesale Grocers in or
der to renew the agreement which, un-
til December 81, regulated sugar prices.
Charles Harris of the firm of Harris
Brothers has an interesting version of
the present troubles. In an interview
he said: THE fight was directed
against several new firms, who have
made serious inroads into the business
Of some of the older concerns, and a
sugar was staple article the cut
would be more effective in forcing
losses. While we are selling sugar at
actual cost, much of the stock selling
is speculative holdings which were pur-
chased during November at $3.50 a hum
dred. with the new sugar arriving
freely indications are for a weaker and
lower market, and the present time Is
most opportune for working off this
speculative stock. Present supplies Of
sugar are ample to fill the local rehn-
cries territory from the coast to the
Missouri, and a decline seems inevita-
BILE"
At the offices Of the refncries prices
SlaDN 10 tllbIEfSs anu lIlt VIM lsilS At y
quoting a steady market at the prices
on the current lists. The jobbers' rates
are Si45 for beet and $i.55 for cane SUI
gar, while the reGneries' figures are
A.70 and $3.50 respectively.
/ THE CUBAN TARIFF.
WASHINGTON, JAM 16.-Cuban re
cirroc,ty was under consideration to-
day b. the Ways and Means Commit
tee, with large representations of Gu
bans and Of the various sugar and to-
blcCo interests in attendance. \ dole
cation from the New York Produce On
/ change favorable to reciprocity and
several delegations from the beet sugar
growing sections opposed to reciprocity
arrived this morning.
EVAN Thomas. cx-President of the
New York Produce Exchange, pre-
-ented the views of that organization.
lie said that last year $4,000 090 Of
American food products went t. cuba,
and refusal to grant reduction of du-
ties on the Imports Of the two great
staples of cuba (suGar and tobacco
would be ruin to the planters, mer-
chants and laboring classes. The re-
suit, he maintained, would be a great
falling off in our exports.
/ This committee urges such reduc
tion in the duties now levied on sugar
and tobacco as will avert this impend-
ing disaster and thereby safeguard the
interests we represent"
Representative Mcclellan of New
York remarked that there was an evil
dent purpose in some quarters of pref
udicing the cause of Cuban reciprocity
by creating n public impression that
the trust was behind it, whereas all
the witnesses thus far had shown that
the Cuban cause stood on its own mer-
its.
Charles Rabldan and -. =. Arm
strong of the Produce Exchange also
spoke IN FAVOR OF reciprocity and sysre
examined at length by Chairman Payne
and members of the committee.
Louis Place, head Of the Cuban dele
cation was heard as to the tariff re-
ductions Cuba was likely to make in
order to give the United States control
Of the market. He said the cuban tar
In was very low now, and should De
raised so to 20 per, cent, and after that
n diferential granted to the United
states sufficient to control the trade as
against other countries. He favored
ultimate free trade. both ways. which
he said, was the only solution OF Cuba's
commercial problem.