Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-03-20
RIIHET WON'T TALK


March II says:
There was a furry of excitement in
California street yesterday with the
news of the absorption by the sugar
trust of the plant output on hand and
raw products, which had been contract.
ed for, of the California Hawaiian
Sugar Refining Company at Crockett.
The news that the company was pay
ing OF its employees by means Of checks
on San Francisco and that the deal
was being wound up here even to de-
tails, In addition to the fact that the
Alexander & Baldwin Company, Linz
! tied, had orders to deliver shiplOads
of the raw product either here or on
the way here and originally consigned
ia the Californla-IIa Hawaiian refinery, to
the SpreCkels refinery caused big
sugar trade.
Buying orders of from 5000 bags Of
sugar up were quickly executed during
the day, and the wires To New York
were kept hot. Information that the
news was out was sent to the Have
meyers. The Californian Hawaiian Com
pany Immediately stopped taking ord
ers and notified its agents at Los An
gclrs, Portland. Sacramento, Seattle
and other places to stop selling for
/ their account. Every sugar man in san
Francisco was stirred up over the news
! and acted on the adviCrs received for
his own pecuniary benefit. Raw sugar
! was much firmcr and was easy at a.,
I The beet sugar market was strong.
There has been no change in New York
| in raw or refined sugar since March :.
President X. =. Rithet of the for
m"rly Independent company INDUCED
in half-hour of repartee in discussing
the subject While he refused to YER
/ ify the report that the trust was in
! possession of his plant in so many
! words, he said that he would not deny
! II.
There Is no use in denying any
, thing" h" said "You have already
| published the story and have quoted
/ people who ought to know. OF course
you know that cannot say anything
10 you about II. However, am willing
, to say no to as many questions as you
/ want to ask.
"AtiirmativGly. will say that We
have closed down and that it Is none
of the sugar handlers or the pubic's
! business. II they are Interested they
can find out as best they can Wa
started the business without consult.
ing anybody and we can close II down,
cant We, without consulting anybody
or telling them the reason? We are not
in the market. and are temporarily out
of the game. Our stock has never been
listed and will not he now. 1t has al
ways been closely held by the original
shareholders. We are very well salts
! fed, thank you, with the present state
of affairs" and at this remark the
president laughed heartily.
do you remember the scene In The
Old Homestead where the old farmer
said, We'll. I'm well satisfied? That Is
Us exactly"
Has the stock OF the company
changed hands in the past thirty days" o
| he was asked pointcdly.
II told you | would says no to rs
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"
larger demand for refined sugar no.
cause II will have marc stnbiIity The
sugar handlers nil united I'm this view