Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-12-30
FRISCO SUGAR WAX
WITHDRAWAL Of FIRMS
10 SMASH COMBINE
FIRMS PULLING OUT TOOK FORTY
Pen CENT. OF THE SUGAR.
HONOLULU PLANTATION
INFLUENCE.

San Francisco, Dec. 22.--The with.
drawal this week Of four of the prin
cipal San Francisco jobbers in sugar
from the Pacific Traffic and CONNER
Cial Association seems TO presage the
dissolution of that organization. The
seeding firms are Haas Brothers, Til.
man & Bendel, Sussman, Wormser &
Co. and the Lewin.Meyer Co. Approx.
mately 40 per cent OF the sugar pur.
chased from the refneries by the as.
sociation was taken by these four con.
Germs, so that. whether or not the asso.
citation is able to continue, there Is no
doubt IL will be considerably weaken
ed. II. ID. Loveland, the president and
sole executive ofiicers--there Is no
board of directors-insists that the as.
sociation will continue in existence as
heretofore. He is said to he receiv.
ing $4,000 year for his services as
president under a contract which has
still three years to run. Several other
firms are known to be watching the
trend of events, and, in certain clrcum.
stances. they also will resign, leaving
the Pacific Traffic and Commercial As.
ISOLATION in a still further dmasculated
rendition. Among these are the vii.
lin Cluff Co, the NJ. Ehrman Co. and
Wcllman, Peck & Co.
Responsible members of the firms
that have withdrawn have some dill.
dence about stating the precise rea.
sons They say the step has been
taken for their self-protection, and
they charge other members of the rs.
ISOLATION with having broken the price
agreement, and with secret undercut.
ting. II seems evident, however, that
there Is some connection between the
four designations and the imminence
Of the arrival of the first cargo of re-
fined sugar shipped by the Honolulu
Plantation Company. And in this con.
ncction II Is at least curious that lead
ing members Of three Of the seeding
firms are large stockholders in the
plantation company.
This company was formed In San
Francisco about four years ago with q
| capital Of s5,OOo.O00. The present di.
rectors are John a. Buck (presidenO :,
Nicholas Ohlandt, Samuel Sussman
(of Sussman, Wormser & Co.., NJ.
Ehrman tof the NJ. Ehrman Company :.
John Roster, VILLA IL q. Irwin and
Captain Matson. Among other large
stockholders are Frederick 1illmann
OF Tillmapn 4 Bendel and William
Haas Of Haas Brothers. The company
has shipped raw sugar for four years,
but has made no profits, Il Is claimed.
4 refinery has been erected Mt Homo.
lulu and has been running for two
weeks or so. The first shipment Of
refined sugar Is expected to arrive in
this port early in January, and there.
after ut regular intervals. The com.
pany will be in a position to ship
about $4,000 tons of refined sugar a
season--or about oneseyenth the
quantity consumed in this market
and by 1906 II is asserted that about
10000 tons can be brought here. The
company has n plantation of 1900
acres, Of which GAO are producing.
So far $1,000, 900 has been invested in
the corporation, so II may be taken
for granted that no effort will be spar.
ed to capture this market and thus Sc.
cure returns on the immense outlay.
Whether or not freight war between
the local refinery and the Plantation
Company Is about to take place IL o
matter upon which the jobbers are I'M
willing to hazard an opinion, but ali
agree that whatever happens the pur.
chasing public Is not likely to be ad.
vantaged in any way. The fact that
raw sugar Is advancing in the mar.
kets OF the world, owing to the short.
age OF the beet crop in Europe, may
lead to an amicable arrangement be.
tween the rival interests. Next month
should tell
The enemies OF the Pacific Traffic
and Commercial Association are al
ready specializing on the prosecution
Of that body in the Federal courts un-
der the Sherman antitrust law for act.
ing In restraint of trade. Charles
Fickert. who Is In charge of the Fed.
erai District Attorneys Office in the
absence of Woodwork, stated last
night that no facts had yet been
brought under the cognizance OF the
Office warranting such prosecution. In
any case, he added, nothing would be
done In the absence of Woodwork
who would not be in San Francisco
until next week.
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