The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1912-03-20

weight OF the crop in the form Of the
finished product Tho sugarbeet crop
Is better able to stand tho cost OF
transportation than Is any other crop
IN the arid districts So important 10
this fact that nearly every meeting Of
the National Irrigation Congress dur.
ing the past 10 years has passed reso.
lutions condemning any attempt to de-
stroy the beet sugar industry by tariff
reduction.
No Trust Alliance.
There was no testimony introduced
cat the Hardwick inquiry tending to
show that any of the bestsugar com.
panies have agreements of any sort
with other beet-sugar companies, with
| the American Sugar Refining Co., or
other refining companies, regulating
or controlling the price at which, the
/ places where, or the time when sugar
should be sold by such beet-sugar com
| panies The testimony on the other
hand plainly establishes that these
beet companies are managed by the
local stockholders. The officers of the
Utah-Idaho Sugar Co., the Great West
ern Sugar Co., the Michigan Sugar
Co., among others, testified in respect
to this matter.
The only contract referred to in the
testimony was a contract that existed
| ho+,,oo,, 4bo A,,,ori,o,, Cuuor paHninu
Co. and the American Beet Sugar Co,
which contract was dated December
16, 1902, and terminated in 1905, as
shown by the testimony of Mr.. Ok
nard. The testimony shows that the
American Sugar Refining Co. has no
interest whatever in the American
Beet Sugar Co at the present time.
All beet sugar made in the United
States is graduated sugar refined
product-and comes into direct COM
petition with the output of the refiners,
Every pound of sugar manufactured in
the beet-sugar factories of the United
States lessons by that amount the
MEETINGS of the refineries The best
| information that can be gained at the
present time is that this seasons out
put of domestic beet sugar will be $780,
900 short tons. This will reduce, by
that same tonnage, the amount of re-
fined sugar which the refineries can
sell.
Beet sugar is invariably sold at a
less price than cane sugar. The Gus
tomary difference is 20 cents per 100,
or one-fifth of cent per pound. In
the latter part of the winter of 1909
10 beet sugar sold at 40 cents per 100
pounds below the delivered price of
cane sugar.
During the present season this diff
ference has been much greater.
Rapacity of Refiners.
The entire Cuban crop was bought
at low figures early in the season by
eastern refiners, and they were in
position to advance their price on re-
fined sugar on the strength of Euro
pean quotations, thus making an alb
normal profit. Under such conditions,
some refiners advanced their price
from ) cents per pound the 1st of
July, 1911, to ga cents per pound in
September October, while others ad-
vanced their price to n and even 719
cents per pound Beet sugar having
been sold for October-November de-
!, livery at $3.50 per 100 pounds, the
eastern refiners were forced not only
to stop their advances, but to lower
their prices. When their cheap Cuban
sugar had been exhausted, they
bought Louisiana raws domestic SUI
gar) at a price which would enab,c
them to compete with the $3.50 price
of beet sugar. Operating thus, they
cut their price on refined sugar to
| $5.75 per 100, bringing their price to
the customary 20 points above beet.
No better illustration can be given
showing the advantage of the domestic
crop in checking the grasping ten
dency of the refiners, and forcing them
to meet competition of beet sugar. II
there had been no domestic crop, the
, eastern reflners could have continued
, marking up their sugar until the new
Cuban sugars come on the market
Z early in January. 1t is quite probable
J that under such circumstances the
consumers in the United States would
, have paid at least IL cents per pound
, for their sugar this fall.
: (The minority report gives tables oil
, imports of raw sugar and prices OF
: refined, and shows that the highest
7 cost for raws, duty paid at the refine
? rios, adding Cuban duty, was during
= September 4.08Bc.)
Add to this 1 cent per pound for
, the refining cost and profit gives a
/ total of $5.OSS per 100 pounds. At the
4 same time, however, this sugar sold
f. on. b. New York, as high as $3.50
!, per 100 pounds,
Would Kill Competing Industry.
II 10 cutie notural undnr circum.