The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1885-08-25
NEXT YEARS CROP OF SUGAR.

"What are you going to do with
next years sugar, if Spreckels will
not take it?" BULLETIN reporter
asked prominent sugar factor.
"Send it to Egypt" was the
facetious reply.
A member of another large sugar
agency firm discussed the situation
at some length.
He thought Spreckels manifested
needless concern over his large
stocks. 1t was scarcely possible
that prices would not rise within
the year. There was universal
trade depression over the world,
and sugar shared it's effects with all
other staples. In the natural course
of things depression would check
over-production, and values would
improve.
Eyes, one would think Spreckels
would hold on to the Island sugar,
for the sake of the freights it gave
his vessels. He is trying to get the
New Zealand subsidy, to enable him
to extend his steamship line there,
and l hope he will succeed. 1t
would be q benefit to the Islands to
have continuous line between the
Coast and the Colonies touching
here. l do not see how those elegant
steamers of his between here and
San Francisco can pay. With the
New Zealand trade added there
would be better prospect of their
continuance.
1.-The present contract with
Spreckels for our sugar terminates
December 31st this year. There is
therefore some time in which to
await the expected improvement.
Eyes; it might be possible, if
the necessity came, to ship sugar to
New York at profit. You see we
have an advantage over Java, Ma
Mia, jamaica, and so forth, equal
to bonus of 40 percent in the
American market, under the recip-
rocity treaty. If it was not for
that, every plantation in the king
dom would have to close up now. -
Other planters agents spoken to
doubted very strongly if sugar
could be shipped to New York and
pay. One who believed it could be
done, mentioned the well-knowr
fact that some large houses here
had for years disposed of theil
sugar at st. Louis, and remarked
that we had access to other Eastern
markets, such as New Orleans
Philadelphia and Boston.
"But would not Hawaiian com.
petition in the sugar country of the
United States excite dangerous hos
tility to the treaty."
''It might, but there is no present
danger. Once the scope of thu
treaty, as to it's including Eastern
markets, was contested, but it hat
been decided that it was co-exten
sive with the national tariff"
One agent was sanguine that .
turn for the better would remove
the deadlock between Spreckels ant
Island planters.
During the prevailing low
prices" he argued, "a large in
crease in the consumption of suga
had taken place. When over-pro
duction is checked, as cannot hell
being done, by the depression, peo
pie who had become accustomed t,
a more liberal use of sugar woult
not, to a proportionate extent, den,
themselves on account of a gradua
rise in price,
Still another sugar man spok
somewhat fiercely of the action o
Spreckels, regarding it as an attemp
to take advantage of his supposed
grip upon the Hawaiian planters.
''The fight is not over yet" h
said, "and Spreckels will find tina
out before very long"
The foregoing notes of interview
have been in type for several days
1t will have been seen from the ful
sugar market report given yestel
day, that prospects have improve
so that hopes may be entertaine
that Mr.. Spreckels will be anxiou
to make acceptable offers for mex
years crop before it has matured.