Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-03

kets Of the United States were really
affected. The present situation will
give strength ana encouragement 10
both American tobacco and sugar grow
ers; ard the sentiment OF the people Is
that the senate IL standing by American
sugar end tobacco growers.
Manager Cutler was asked what
would be the effect u the Philippines
were TO become a territory OF the Unit
ed States and he replied that Of
course would place them on a par with
Arizona and New Mexico. But then,
there ~ no immediate fear OF anything
Of that kind being done.
GOVERNOR CUTLER GLAD.
Coy. Cutler commented thus; Char
ity begins at home and / have always
favored attending to our home indus
tries first and then taking care of the
Philippines. ] am glad that the senate
has defeated the Philippine sugar tar
iff and was surprised that Il ever
passed the house. II will result in
great benefit TO the sugar Industries Of
The west and win encourage the rails.
ing OF sugar beets and viii eventually
mean the establishment Of more sugar
factories IN the vest
w. .. hEAVlN4Nl'a r.
W. S. McCorick said, There Is but
ore view to take in Utah. II was en-
snently proper for the senate commit
&c to do. and IL viii add materially 10
the value Of the beet sugar interests
throughout the intermounain country. |
believe that the consideration OF the
proposed bill added largely 10 the de-
preston of sugar stocks The failure
the beet sugar industry, and have a
buoyant effect on its stocks Its sue.
cess would have brought the Philippine
sugars In direct competition with all
western sugar interests and with dis
pstrous results"
WHAT BROKERS' SAY.
Z. l.. Burton. the we'll known broker
said, In response 10 questions from
News" representative: my opinlon
has always been that this is not 80
much a Philippine proposal ton as Il Is
fear OF what might happen In the
sugar markets Of the United states II
the Independent Sugar company of san
Francisco should get 10 refining lia-
waiian sugar there. This company win
handle about SO per cent of the Ila-
wailan product, and has been getting
10 years contracts from the growers In
these islands. Now, should these sug-
ers be shipped to San Francisco for
refining, the question arises VIII not
this sugar be distributed 10 the western
country. and thus Invade the beet sugar
territory? And In this event, what
will become OF prices? That Is what
will hurt our sugars.
"Then there is another thing The
low extraction from the beet this last
season has been a source Of depression
IN the Industry. but fortunately this
will not be permanent. This was due
10 the whitening OF the leaves by pest
which appeared about the same time as
the tomato blight The larger and
broader the leaf, the greater the secre-
ton OF sacchsrlne matter; and when
the leaves are In any way affected. the
yield In sugar Is also affected. More
over, there Is agitation In certain dis
tricts among the farmers or growers
for higher prices, and while most fac
tories have the usual contracts. some
have not signed up within 80 per cent
OF the contracts of last year, The fail
ure OF the proposed national legislation
VIII not affect the market. and In fact
its passage would not have affected II
either locally. This would have requr-
ed time. II Is the anticipation Of leg
islatlon which affects the stock market.
No, the failure OF the bill to pass the
senate Will not affect stocks"
Mr.. Burton expressed the opinion
that what American sugar growers had
most to fear was competition with West
Indian and European sugars lie did
not think sugar growing In Mexico
would prove profitable on account OF
the indispositlon Of the natives to work
seeing that nature had provided them
largely with food, and clothes down IN
that country don't go for much,
WILL TURN TO SUGAR.
John G. Cutler. Jr, the stock broker,
said: "The shelving of the Philippine
tariff bill viii relieve the minds of peo-
pie who are interested In the beet sugar
Industry, and the Investing public viii.
again turn liz attention to sugar
stocks, Locally. the market already dis
plays a better tone, and there Is u
strengthening of sugar stocks all along
the line"
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