The Hawaiian gazette., 1885-03-18
The Low Price Of Sugar and its Cause.

\ giancs II our commercial epIuus carries with
II the Information that one Of our staple urui1ct
sugar has reached as low figure Is It has touch
ed II many years 81 referring 70 foreign market
reports : VII he tJca6 that this decline Is not
cua2lsi % AfreEicds bet c1u be sud to extend
pretty u-1cE cTsr The busiEsss world There Is
but Jce factor which cuuld compel prices to rsack
their Present level and pzpdcce this result and
tai / 1ys=r -Udzcsi0c- Il Is not diieuls to clear
u snow that sCch = the STATE OF Affairs To EN-
phNs1za tins and % f1lly tsJustrats that present
prices are not t-s to any attempt to bear TIE
market. Il may be stated that a great Hood has
Destroyed h7E millions Of dollars worth Of sugar
Z he >zlte Of LoCzSI1a, one Of the largest pro
e1sfs q th1s article his incident his not made
Tue EAST Impression upon the market, nor auc1-
r-sE-sd the pr1cs Of the staple by ore lot The
crop Which LCulsiI-a adds to the immense a-y--a
gate t-r tils vuCl1-s consumption Is cot q seem
l1SiF 5nlaA cc1ErlcCtl0us bet under conditions
c1ssi1tlr 10 the czrreut one. It could hardly have
failed ot al impression.
The situation has been eazsed b tue rsuid
-ruzrn Of the beet root culture Ia E1rupe. -hich
has reached sy-c proportions IS to Yield i potent
lrH-znee on the great u-arts. Estimates Of the
5eeE root yIzld f1C los5t ars a foIlOEs- Holland
tlAtt tors Belgium, ll5.ll0 tous= Russi4 and
Fcla1d- $L--At -1css Austria and Hungary 40
u tons Francs. $500 tons. and 6+srurrIv go =
90 tras7 making a total OF 23l50OO tors c,ori
psl-11- EI-l -ltI 600 tons II ISS3-3 and IiI lioO
tbs Il ISL Szsar from beet root can be made
lsapsE than from e11s- Lboc being AZ ors-thfri
the prlcz OF -1z Continent Or cr1p i therefore
f1rcsd back bT the iliireu11> urosiu,t B7t
l-sst iiSzlaetls Is t1ls-tlat against the ErUEinc
s1pply o. the beet root crlp. Eur1pe Presents M
corrsspoEc-1. Increase n the demand for its con
s11Ps11u- LGs NzE iurk JCzr-aI OF Coru-ercss
thinks that the Distribution OF our s1ar crop -II
De- Tor ne great part. c9u6ned within our oFu
boSter. HE nigh grades Of our stauie viii aIvzvs
give Z q sale and pi1ce Z beyond Imitation bat
rs apreaLs 70 Z limited class The great buIk Of
pgp1larllu VII -Et what Is tLs last sxuensive
HE present status Of this industry has been at
sflo1isd % some other causes which nav Dc deem
81 Eei1pufary lie eo1tItlOE Of the money
--1rdEt his u-ldz 7 cIl1Ct 10 negotiate loans and
the rI-s o. interest Is much higher thrn : twelve
1z0nfh ago Inc trO1hiss IN Cuba. tEs El-vass
sESlr pruc1eaf, lave lad, also, 3 Irsturbfur, IN
Hzsnee u7ua tie cD11ition Of the trade M
1rnr-ra-E arzt-l11 IN p0ssd non the Crbaus b
both The 1or-z ard l7ctf eDTerunnsuts have -
1azs1ed the wealth u the planters. Estates havs
been sold az any Erice. FOR - ON piece Of Ilnd
II snls utsco7s-1e1 Isle = To brizz penny upon
oue head- 4 rsd-=sd acreage nay be sx1e-ted
from Cuba for some sears, but 20 c31utsrtssIa7rf
this the s1pEiy frolz tie has. Indies Is on tho in
crsas AZ Present. according % reliable zuthoritv
L1s VsIglE sup Ply Il t6e prIlcip1l Ezrupean mar
ksts Is 10 Ez1irsd tE1csaud tons in ssxsss f-fhe
ao0-t stored Il he sane tilzs las ysar. One q
the Problems which the so1ther1 PLANTER / nov
stl1gll-- i nov - rztrzuch II personal eIpeud-
I-1rzsr L vars q labOr- Il cast Of MACHINERY
replIrs AID -ItEs-I1g Of cr1ps- 1 fair sDl1tio-l
q tEs Proposition esse1tIal TO III prOsperitv OF
The sz-aE c1lriFatJr. Until reaction =efs IN and
Prcss seeh a 1nEual lzEsi- Z vii Be necessary to
-A41 A--GAL-IA4. 70
raise s1z4r South AZ su-igz4tsd- Aec6rIii1g 10
tex oTz rE1uEts the process Il Use L zassef7l N
ne eIrrzlee Is cou1pIrEd Nth th0se eupEovsd N
lle lseE s-glE ministry. The uachizery Il s-sceu-
unlz o. easy IcE-0Tzu-e1ls. - that the szrls ac-
rEaEs and sane 1z1Oznt Of enc now rr1-u enid
De made 70 prodzcs At least fifty per cent raorg
s1lZlr- ul=ss sJcE ei11triTancss Be Forthcoming
the American prDd1cs I'll be uasbls to Comets
VITA the cheap foEg5gu article and I'll Be- j-irsr
oct q he market As s0on as the needs and aims
q tdts ministry z-E fully aggregated so1le iu-gr
tive s=aI1s VII zz1c1b.eiy devise n.suy improve
r1znls f0r tie szgzr apparzf1z Little attention
has been gwen to tie s1bisct as yst fo- tie pre-
ss1t Eac1l1es are b1E a slight zdTazEe zpou tf0se
zsed p-loc % the var The tr-e Is rius for a 80
91c Whitney, EEo sl1l do for tie sazar p-oduc.
EEzt tho frst id FOR lie cotton crou II sr.e-i-s
-4H.uHg 7yu -