Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-10-04

their sugar TO the New York markei
and have a bidding for II by these
fiye people ssa ...-s -
Senator Reed. Yes. ~-~4 Il
Mr.. BalIon. They can not do that
because they have to pay a higher
duty than the Cubans, and as long as
y the Cuban sugar supplies the market
II shuts cut all others. sasr:- ~.
Senator Reed. When they do land
!, it they have five men to sell it to
at some price. ~.
4 Mr.. Ballou. Yes. ia -.-.A
i Senator Reed. They may have Ia
meet Cuban competition.
i Mr.. Ballou. Yes.
Senator Reed. But that Is at the
other end OF it. That rs the supply
end. r..
Mr.. Ballou. Yes. -.
Senator Reed. Now, what do you
mean. then, by saying so frequently,
all Of you, that II you had free sugar
/ II would put us In the hands Of the
Sugar Trust, when, as matter of
fact, there are four great companies
Independent of the Sugar Trust, all In
the market ready to buy the sugar of
he world and to refine It?
i Mr.. Ballou. Because I am speaking
of tho selling OF the refined sugar.
and not Of the buying of the raw su.
gar. That is what interests the con-
sumer
Senator Reed. The selling Of the re.
fined sugar?
Mr.. BaIIou. Yes.
Senator Reed Arbuckle sells his
sugar to the country, does he not?
Mr.. Ballou Yes.
Senator Reed. The National sells
! its sugar to the country?
Mr.. Ballou. Yes.
Senator Reed. The Federal sells
, its sugar to the country?
Mr.. Ballou Yes.
senator Reed. Mr.. Warner sells
/ his sugar TO the country?
Mr.. Ballou. Yes.
Senator Reed. And anybody who
wants to buy sugar can buy from any
one Of these four companies?
Mr. Ballou. Yes.
Senator Reed. Are we In the hands
of the Sugar Trust?
Mr.. Ballou. Because have heard
those gentlemen state that as q mat
ter OF fact, to use their own language.
I the trust holds the umbrella as re-
CARDS the prices Of refined sugar, and
they all get under It
Senator Reed. In other words, you
think they follow the trustg
MT Ballou. Yes they follow the
trust prices TO very large extent.
Senator Nelson. IN selling
Mr.. Ballou. In selling refined sugar,
not IN buying raw sugar.
. Senator Reed. asked OF you ex-
press1y II there was any combination
between them.
Mr.. Ballou. There - no agreement
that the law could lay It's vhands- on.
There Is, no understanding or agree
ment. but when they come to make
the price OF refined sugar. am sim
ply speaking from having sat and
listened to their own testimony before
the Hardwiek committee when they
come TO sell refined sugar, the thing
tley look to Is the price at which the
trust IL selling. Some Of them are.
more independent In cutting away
from that price than others are.
Senator Reed You do not mean to
say that they absolutely follow the
trust price?
Mr.. Ballou. Not absolutely; no.
Senator Reed. They will drop.
enough below the trust SO that they
will be sure of market for their pro-
duct every time, or do they have an
agreement to hold hack their product?
Mr.. Ballou No, sir. But let me
say about that-take the case of the
Arbuckles, who are not melting up to
their capacity. As have testified. to
the best Of my knowledge and belief,
from what / know Of the sugar bust
ness, with the possible exception OF
the Federal, which is relatively
small corporation. ! do not think
they melt up to their capacity. II they
did melt up to their capacity, they
could make sugar more economically.
but they prefer not to do that, and
to follow the prices. without any un,
derstanding or agreement
Senator Reed. Can you tell me how
the companies can 60 into the mar
n A - 80 -