Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-10-11

SENATE LOBBY ROBERS QUESTION Him CLOSELY ON ANRH SUGAR CAMPAIGN WORK

WANT W ShNGs llAu the SAC4AIs lOE NkNAAr
trolling mine, and have been for a
low tariff on everything as long as
can remember. and did not know Mr..
Lowry existed until about 10 days ago.
That il all.
Senator Cummins. Mr. Ballou, how
much Of the sugar from Cuba comes
here under consignment to what you
have called the Sugar Trust?
Mr.. Ballou. am not at all sure on
that figure. I think some Of II does,
but l think It Is only q small portion.
That is, my idea OF what know about
the sugar business Is that some OF
the Cuban plantations have certain
financial relations or else through
their stockholders with the trusts, and
some with the National. whereby they
, practically have to sell their sugars
to those corporations, but ! think the
total would be small as regards the
entire island of Cuba.
!, Senator Cummins. How much OF
the sugar produced In Cuba Is sold
before ii leaves Cuba?
Mr.. Ballou. That could not state;
but. Of course, every day you can see
lin Willett & Gray's Statistical that
the Federal or Arbuckles brought SUI
gar, we win say now, for July deliv-
cry. That sugar Is sold in Cuba be-
fore II starts, but nevertheless It II
sold at the market price.
Senator Cummins. Yop described q
somewhat fierce competition for con-
signments of sugar In New York
Mr.. Ballou. ] do not know how
fierce Il Ii.
Senator Cummins. What / want to
know is, as far as your knowledge ex-
tends, how much of the sugar that
actually comes from Cuba Is sold be.
fore II leaves Cuba?
Mr.. Ballou. That I do not know.
Do you include in that future deliy,
cry? No matter whether you do or
not, could not answer that question
intelligently. Mr.. Lowry could tell you.
Senator Cnmmins. You were. an
attendant on the hearings OF the Hard
wick Investigation?
Mr.. Ballou. les. I heard every
one, and that question was not asked.
Senator Cummins. That subject was
! not developed?
Mr. Ballou. No.
Senator Cummins The general
! question Of whether there was conf
petition in the buying Of raw sugar
from Cuba was carefully Inquired in
| To-?
Mr.. Ballou Yes.
Senator cum1nins And then there
was some peculiar way Of fixing the
price In New York that did not begin
70 understand, but have been inform
ed that q very large part Of the SUI
gar that comes here from Cuba was
really sold before it was transported.
Mr.. Ballou. A great deal Of sugar
Iis Fought f0r fsit6fe delitefy, but that
| is bought under substantially the same
conditions as it would be II q steamer
were lying for orders outside Of the
Delaware Breakwater. II q man thinks
the market Is going up he will buy
for future delivery, and If the seller
| thinks It is going down he win sell
for future delivery.
| Senator Cummins. These people 60
to Cuba very largely and buy their
raw sugar there?
Mr.. Ballou. think not. / do not
think q large proportion of Cuban SUI
gar is bought In Cuba. / think the
largest part of it is bought by trans
actions in New York.
Senator Cummins. Is there any rec
ord to show how much of the sugar
that comes to New York is the prop
erty of those who produce 1t in Cuba?
Mr.. Baliou No; there Is not.
Senator Cummins. And how much
of It that comes to New York Is the
property Of the refiners?
Mr.. Ballou. There is no such rec.
ord.
Senator Cummins. Which takes it
and melts It?
Mr.. Ballou. There is no such rec
ord. have heard the refiners testify
that their corporations own no plan.
tations in Cuba. On the other hand,
| of course, / know that Edwin 5. At
kins, who is q stockholder and who
| is the acting head of the American
Sugar Refining Co., is also Interested
| in the Cuban-American Sugar Co. In
Cuba and controls Its plantations. Just
how intimate the connection Ii be-
tween the Cuban-American Sugar Co.
and the American Sugar Refining Co.
on account of Mr.. Atkins being the
controlling stockholder in the Cuban
company and stakeholder and the
acting head Of the American Sugar
Refining Co., ]. have no means OF md
ing ont. nor was that directly inquir-
ed into In the Hardwick hearings.
Senator Cummins. You do not be.
lieve that the price of raw sugar is
largely controlled by the American
Sugar Refining Co.? .
Mr.. Ballou. No; If did, we would
not sell our sugar on such contracts
as we have. That shows that we must
think the market price is fairly estao'
| lished.
Senator Cummins. observed you
had that kind of an arrangement with
the company, but If it is true that the
price of raw sugar is very largely
determined by the action Of the Anne
rican Sugar Refining Co.
Mr.. Ballou. Then our contract
would be a poor one.