Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-12-16
WHY BEET SUGAR GROWERS
MUST HAVE PROTECTIVE TARIFF

livered In New York.
Mr.. Smith; s4.4O. That includes
the ocean freight then, of course.
Mr.. Underwood; Is that being sold
in New York now, the Hamburg
sugar?
Mr.. Smith; think there has been
no sugar shipped from Hamburg for
several months.
| Mr.. Willett; No imports, but the
quotations are made every day, and
the quotation today Is 34.40 In New
York
! Mr.. Underwood; What Is the
freight from New York. per hundred
pounds. to the zone In which you
' operate?
Mr.. Smith: We cover all the terri.
tory from Chicago to Pittsburg and
Buffalo. That varies from 10 to 20
cents hundred.
! Mr.. Underwood; The freight from
New York?
Mr.. Smith; Yes, sir.
Mr.. Underwood; Then that would
make 1t somewhere between $i.56 and
$500?
Mr.. Smith; Yes. sir.
Mr.. Underwood: That Is Hamburg
sugar. Now. what are you selling
your sugar at In that territory?
Mr.. Smith; We are not selling It.
We are waiting until these reaners
get through their fight.
Mr.. Underwood: Before the fight
came on, what were you selling It at?
Mr.. Smith; We were selling 1t on
a basis of $40, New York, which
would be 34.s6. say. delivered. New
York.
Mr.. Underwood; $40 in New
York?
Mr.. Smith; That ia. cane sugar
That would be $3.50, cane sugar. $40
beet sugar.
Mr.. Underwood; But that is the
New York price?
l Mr.. Smith: That is all based on
the New York price with the freight
added. So when say S4.70. New
York, mean at Michigan point
bearing a 16 cent rate. We would add
that to the $40 rate In New York,
and the price In Detroit, which has a
16h cent freight rate. on the S4.70
New York basis. would be 34.S6h.
Y Mr.. Underwood; You would be sell.
: ing the sugar at $4s6h in Detroit.
MIR. Smith: Yes, sir.
Mr.. Underwood; And In Detroit
what would be the price OF Hamburg
sugar at $4.40. New York.
Mr.. Smith, At $40. with the
freight rate added, It would be $4.56k
MIR. Underwood; 1t would be $4.56
New York; the Hamburg sugar would ?
Mr.. Smith; On today's, yes, sir.
But II we were obliged to sell today
we would have to meet that price.
> Mr.. Underwood; understand
, There is n difference of so cents to
Q the advantage of Hamburg sugar. You
I stated that there Is no importation Of
German sugar into this country. be
I lieve. ..
I Mr. Smith; When gave you ar
illustration OF the market price II
Detroit was referring to the marke,
J. as II was thirty days ago, before THU
lunacy broke out In New York. To
: day we would be obliged to sell at
what Is the New York market today?
Mr.. Willett; $4.55 net. today.
Mr.. Smith; We would be Obliged
to sell for 4.6lh then, In Detroit, a.
p compared with this Sassy. which hal
u been given as the basis Of HAMBURG
sugar. 1t would be only cents dii
ference.
eI Mr.. Underwood; The advantage yol
IL have by reason Of your location woul,
then amount to ~ cents hundred?
81 Mr.. Willett; May explain that tn,
= German granulated sugar which 4
. quoted from day to day is what is call
. ed first class. which Is not suitable 70
g consumption In the United States. Tn
T. value Is about Is cents a hundred les
L. than the value of cane sugar. and
q cents hundred less than that OF bee
s. sugar.
The Chairman; I will ask you
question or two. understood you /
IT say that In the last three years yo
g had gotten about $4.35 for your ~
u duct?
W Mr.. Smith; Yes; somewhere b.
; tween S4.35 and $4.4O.
~ The Chairman; That was 40 pc
10 cent, or thereabouts, below the pric
" of the cane sugar sold In the sam
territory?
Mr.. Smith: No: the average ma
" not been more than Is cents les
10 than the cane sugar.
u The Chairman: Fifteen cents less
III Mr.. Smith: Fifteen cents hur
o. dred. The recognized difYerential
w. 10 cents. r&a>IM
~ The Chairman: During the perio
"a spoken OF by Mr.. Hathaway whe
the Hamburg price averaged 2 cent
"a a pound?
10 Mr.. Smith: Yes. sir.
wv The Chairman: That Is all I wal
ee to ask. can not make those figur,
,a agree some way,