Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-12-03
SUGAR
CONTINUED from Page 81

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that prices on their product had In
New York been forced down about
forty points under the parity OF the
markets of the world. the domestic
producers In Louisiana were selling
their sugars to the Sugar Trust land
refused to treat with independent re-
finers) at 55c per hundred under the
New York quotation: or soc per hun
dred under the markets Of the world.
80 that OF the protective tariff of
1.685c they were receiving Q benefit
to the extent OF .7S5c per pound. BY
this II will be seen that while they
had the protective tariff Of over
1 5-Sc per pound, they were only be-
ing benefited to the extent OF trifie
over Sac, per pound, the difference
practically going into the pockets Of
the Sugar Trust. Notwithstanding
these facts. which show how the Loui
siana planter has failed to benent by
protection. the present crops, which
has Just come to market, is reported
to be fully as large as the last one,
with prospects that the ultimate out
turn will be even larger. The price
prevailing for these sugars In New
Orleans is practically Lac under the
New York quotation, and 46 points
Under the parity Of the markets Of
the world, or the European quotation
and the pressure to force prices down
has only just begun. ,
The Wholesale and retail grocers
generally are clamoring' for q reduce
tion In the tariff. Their profits on
sugar are very small. Were they
with free sugar able to buy car Of
sugar for say $1,000, where they now
have to invest 3l7OO. they would be
making the same margin of profit on
their sales, and the percentage OF
profit would be much greater. Fur
thermore, we must not overlook the
fact that the Philippine Islands are
a part OF the United States. and that
the islands are physically located so
that they are a natural sugar pro-
ducing country. Notwithstanding
the fact that the Philippine Islands
are as much part OF the United
States AZ any State, the United
Estates not only refuses to permit
Philippine sugars to come in free OF
duty, but gives them a concession OF
only 25 per cent. on the regular tar.
In rates, which makes the importa.
tion OF Philippine sugars almost pro-
hibitive. We not only prevent our
! wards from participating with the
other domestic producers In the ben
eft derived from a protective tariff
but actually tax them on shipments
to this country to such an exten'
that any increase In the sugar pro
duction OF the Philippines is effect
lively stified.
Certainly there Is no justice II
this treatment by the United State'
of the helpless people dependent OF
them for support and encouragement
while sugar from Porto Rico and thu
Sandwich Islands comes In free o
duty and from Cuba, which Is no
an American colony. at 20 per cent
reduction.
Lower sugar duties would not onl.
, benefit the wholesale and retail gro
GERS. but every manufacturer WIFI
/. uses sugar, every farmer who grow
,, fruit. as well as every consumer
Most important reciprocity treatie
which would benefit our farmers ant
manufacturers have been prevente,
: by our high sugar duties, SO that
. reduction now would be a great Dene
ut to the country In general.
A
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