Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-08-01


TO you.
Mr. Adair--I just wanted some in
| formation.
! Mr.. Fordney-Here is the price Oi
! crystal domino and cube and powder
! ed sugar from the date Of January s
! before the reduced duty under the
Underwood tariff law took affect. II
| you will remember, the duty on sal
gar in this new tariff law did not take
effect until March ] of this year
Granulated sugar is the grade Of su
gar that is made by the beet-susaI
| manufacturers, and no other grade
with the single exception of one sugar
] factory in California, owned b. a re.
I filming company Here are the quota
tions from January s to April 80:
January S. 1892 per hundred pound ;.
| This is the wholesale price at New
| York, on board cars, less a discount
of 2 per cent in 80 days. Three dol
lars and ninety-Iwo cents runs along
until the 9Th of March, then sugar
dropped to 1882, then to $3.77, and
then down to 1913. That is refined
sugar, at wholesale, dropping from
1892 to $3.73, or a difference of 19
cents a hundred. The reduction of
duty was one-third of cent pound,
or 34.S cents per hundred pounds. The
price. Wholesale. went down 10 cents.
Crystal domino Is kind of sugar pro-
duced by the refining companies, but
not produced by beet-sugar or domes-
tic manufacturers. Crystal domino
sold on the Sth of January at $615,
and the price has not changed a frac-
ton of a penny from that day to this.
And cut loaf is another kind of SUI
gar produced by the trust. but not by
the domestic producers. That sold at
$5.05 hundred pounds, and the price
has been unchanged from January
down to date. ~....
Now, what is the cause of the re-
duction in the price of granulated su-
gar? 1t is the competition of domes-
tic producers Although graduated
sugar from beets is made in only II
of our States. last year it was sold
In every state in the uninn. In fact,
the State Of Michigan shipped granu-
lated sugar last fall right into the city
of New York aai sold right under the
eyes of the great refining companies
there. -r.
Now, what IL TIE difference Let
me quote this one item, and then
will yield to the gentleman from In
diana. The differential to the refin-
ers at that time, when domestic gu:
gar was on the market-and mind
you, graduated sugar madc from
beets is only on the market about five
months in the year-the refining COM
panies sold in New York at a. cents
pound above what they paid Tor
raw sugar. duty paid. What is the
price today, when there is no eompeti-
ton from domestic industry? Eighty
nine, and nine-tenths cents.1 Just the
minute there Is no domestic conlpeti-
tion, just that minute the consumers
of this country pay the penalty, gen
tlemen; and the only way to furnish
cheap sugar to the consumer of this
country is by the announcement of
this domestic industry as & thorn in
the side of the great sugar trusts.
Now. let me call your attention to
another important point. .
Mr.. Adair-Before you leave that
point would like to ask YOU a ques-
ton.
Mr.. Fordney-Yes. i
Mr.. Adair-I agree with much that
the gentleman is saying. But the
gentleman from Wyoming (Mr. Nom
dell has referred to the closing down
of the beet-sugar factories.
Mr.. Fordney-Yes.
Mr.. Adair-This tariff did not go
into effect until March /?
Mr.. Fordney-Yes. .....:.
Mr.. Adair-The beet.sugar factories
did not make any sugar between
March / and the present time Is i'll
not true that the beet-sugar factories
make their sugar only in the fall,
when the crop is matured, and then
they only run three or four months,
and then, as the gentleman says, that
sugar goes on the market?
Mr.. Fordney-Yes. 4
Mr. Adair-How, then, can the gen.
tleman from Michigan agree with the
gentleman from Wyoming (Mr Mon
dell in saying it has closed all the
factories in this country, when there
is no competition now?
Mr.. Fordney-Oh, will tell my
friend. The factories of this country
began contracting for the raising of
beets with the farmers in December,
1912, for the manufacture of the SUI
gar that was to be put on the market
last fall and this spring. The duty
was continued under the tariff bill
until the LIST of March in order to let
the domestic industry get off their
hands their crop they had raised the
year before. and they were finishing
their crop about March 1, 1914.
Now gentlemen, here is a picture
that have had enlarged of some beet
sugar factories in the West
We have "A beet-sugar factories in
the United States, scattered over II
states. Twelve of those factories have
closed since the LIST day Of January
last and are not contracting for beets
for this coming fall crop. .-
Mr.. Cooper-Will the gentleman
permit an interruption?