The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-03-17
0000'>- REFINERY
WHAT THE SAN FRANCISCO CHRONICLE SAYS
ABOUT SHUTTING DOWN OF THE CALIFORNIA;
HAWAIIAN RETINERY-SAYS IT HAS BEEN PUR-
CHASED BY SPRECKELS' REFINERY AND TRUST

SAN FRANCISCO, March 1.-THE Chronicle this morning
says:
truce has declared the sugar war; the
substantial basis Previous advances of IS sugar
will in all probability be followed by further advance of Is cents
today The big plant of the California and Ha
waan Sugar Refining Company will be shut down today and
all purposes, closed yesterday On the best
of authority stated that the plant has been bought and alb
sorbed together with all of its contradiction products by
the Spreckels Sugar Refining Company for the sugar
No interesting bit of has the Of the
outsiders during the recent progress OF the sugar war; and as
result the word along the whole line for trip the outside
stocks is Buy buy buy The tip flew around yesterday and
the day before when limitations the deal
became rife and the brokers will doubtless have deuge buy
ing orders on the outside stocks today
The principal holders of the California awaian stock which
all closely held and the market, WEIGH
Co., with its constituent plantations in the islands Colonel s
Spaudng of Honolulu, Brewer Co., Honolulu and Castle
Cooke Honolulu The capitalization of the company be-
tween 100000 and $3,5oO,ooo
The taking OF the big plant and property and existing
of the has been step the peace tactics look
ed forward by insiders for time and those informed
surprise For days the tip the street has BEEN Look out
for something big doing sugar but the small outsiders it
has been mystery just what the big thing 1t even
known that Louis Saron of the biggest dealers and
handlers in California had tipped off the something his friends
and that they had confidence bought stocks from the
he gave That the deal evident from the fifty
rise OF Saturday, and yesterday known that there
would be rise of IS cents today or in the immediate future
The broker sugarNsOcks Edward Polz told
few days ago that something going happen in but
did learn until yesterday just the nature of it. Last night he
said 81 have heard that the California Company
going be Immediately absorbed by the trust but not until to-
day did get anything like substantial verihcaon OF it. have
doubt that the deal has been made although while have
been recently conversation with President Rthe Nicees
Vesper the Spreckel heard nothing from them
subject have Just from the Hawaiian Islands,
however and the deal expected there Naturally very
much interested in the situation frank say that my
cd diagnosis is i" accord with the information which have Fe'e'
sugar man. prominent the throughout California
who could not obviously and would not allow his to be
used with any statement, said:
told highest authority, my information
straight that the pool Of the California interests has been made
and that the fighting all off for good There question but
the plant OF California hawaiian has been taken
over"
1t was learned that the big plant company Crockett
practically closed yesterday, working only such
material partly transformed from the crude to the finished
The only ascrbed Crockett for the closing OF
the plant that the material controlled by the company
which have been worked up this had been sold
the Spreckel direct the trust 1t is said San
Francisco however that the Sprecke acted the OF the
trust in the deal
While it given out that the mill is to be closed
only believed by any by outsiders
pOyes the company that such the Information which
has leaked out from the inside directly conradcts
While the plant may again be operated there certainty
to when operations will be resumed The officials themselves at
Crockett stockholders the majority nnetenths of it,
is held in the islands, and the charge at Crockett in
ignorance as to the plans tor the plant as uch as are the out
ders They corespondng depressed too they will lose
their places which they have held for years.
The California and Hawaiian the largest independent refinery
the Coast and has been shipping material from the 1a-
waan Islands and manufacturing the finished product Large
have been entered into with farmers in Contra Costa
county bee and at close the canesugar season
the mill had been for several weeks bees Between 400
and have been steadily employed at good wages and
every Of them will be thrown out of employment The
mill would be closed down received
Crockett o'clock yesterday morning and created small
sized panic for merchants and business there have to
large been practically dependent the trade OF the mill
operators for their livelihood With the mill
industry the negborhOod that furnish employment
to the number that will be without work.
Crockett people have attempted to get in with
the officers of the company and ascertain possible there DC
any likelihood of the mill being opened again by the trust As
yet they have received no reply to their inquiries
INVITE ROOSEVELT HERE.
The Young Mems Republican Club yesterday adopted eso-
inviting President Roosevelt extend his to