The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-11-08
A GREAT SUGAR
BOOM IN CUBA
Large Combination With New
York and New Orleans
Capital Enlisted.

According to the New York Tribune
Eastern metropolis from Cuba that
half a dozen new sugar projects were
on the tapis there, the carrying out
of which will mean the shipment of
fully $6,000,0O0 worth of material and
equipment from the United States. A
number of the largest sugar factories
on the island, controlled principally by
New York interests, are also to ex-
tend their facilities.
i The following special dispatch to the
Times-Democrat of New Orleans gives
some interesting details concerning the
reported enterprises contemplated by
| the Colonial Sugars Company: New
| York, Oct. SIT leaked out here today
that one of the largest sugar projects
| in Cuba, hitherto chiefly controlled by
| New Orleans and other Southern capt.
| tai, has been acquired by powerful in
terests affiliated with the biggest indie
| pendent sugar people in the United
States, who already control five of the
most extensive sugar plantations on
the island, and who contemplate the
merging of these enterprises, repre-
senting an investment of some $4,000
600, and the refining of the raw sugar
on very important scale in Louisiana.
The enterprise referred to is the Colo
NAL Sugars Company, which is COM
bination of the Gramercy Sugar Com
pany, which owned the refinery, CEN
trail factory and plantations in Louisi-
ana, the Gramercy Finance Company,
which supplied the working capital for
the Gramercy Sugar Company, and the
Damuji Company, which controlled the
Constance plantation, central factory,
etc, in Cuba.
The Colonial Sugars Company was
organized under the laws of the State
of New Jersey in June, 1902, and began
business in November of the same year
with an authorized capital stock of
So, 1000, 900, and authorized to issue 49,
600, 600 first mortgage bonds bearing 5
per cent. interest.
The present official head of the COM
pany is John Farr, the well-known SUI
gar man of New York. He is also
member of the executive committee of
the Cuban-American Sugar Company.
This is the $12,000,O00 concern organized
some months ago for the purpose of
consolidating five of the leading sugar
plantations in Cuba, chief among which
Is the IIldpdIId OuSdI SOiuPoAIS. 1AlC
president of the Cuban American Com
pany is ex-Congressman Hawley of
Texas. Mr.. Farr is also vice presi-
dent of the Central Aguirre Company,
the largest sugar project doing bust
ness in Porto Rico. A big interest in |
the concern is now held by the B. H. |
Howell Sons & Co. interests. The |
Howell firm is largely affiliated with |
the Characterization Company, besides !
acting as its exclusive selling agents. |
The same firm is the selling end and |
is largely interested in the National |
Sugar Refining Company, one of the |
chief competitors of the sugar trust in |
this market.
The Colonial Company raises its own
cane on its own lands, crushing the |
cane in its own central factories, pro-
1ucing raw sugar and refining it into
standard high-grade sugar at its own
refinery. The company's Cuban prop
arty is located twelve miles from the
,ity of Cienfuegos. On this estate up
ward of 100000 has been expended by
former owners. 1t was wrecked durE