The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1885-08-31
NEXT YEARS CROP OF SUGAR.

Nnau are you going 10 Go WIN
next years sugar, if Spreckels will
not take it?" BULLETIN reporter
asked prominent sugar factor.
"Send it to Egypt was the
facetious reply.
y member of another large sugar
agency firm discussed the situation
ut 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 its effects with all
other staples. In the natural course
of things depression would check
over-production, and values would
improve.
"Ycs, one would think Sprcckcls
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 | hope he will succeed. 1t
would be benefit to the Islands to
have continuous line between the
Coast and the Colonies touching
here. 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 a better prospect of their
continuance.
1.-The present contract with
Spreckels for our sugar terminates
December 3lst 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 a profit. You see we
have an advantage over Java, Ma
Mia, jamaica, and so forth, equal
to Il 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 wcll-known
fact that some large houses here
had for years disposed of their
sugar at st. Louis, and remarked
that we had access to other Eastern
markets, such rs 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 the
treaty, as to its including Eastern
markets, was contested, but it had
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 and
Island planters.
During the prevailing low
prices" he argued, "a large in
crease in the consumption of sugar
had taken place. When over-pro-
duction is checked, as cannot help
being done, by the depression, peo-
pie who had become accustomed to
a more liberal use of sugar would
not, to proportionate extent, deny
themselves on account of gradual
rise in price"
Still another sugar man spoke
somewhat tiercely Of the action of
Spreckels, regarding it as an attempt
to take advantage of his supposed
grip upon the Hawaiian planters.
"The fight is not over yet" he
said, land Spreckels will find that
out before very long"
The foregoing notes of interviews
have been in type for several days.
1t will have been seen from the full
sugar market report given yester-
day, that prospects have improved
so that hopes may be entertained
that Mr.. Spreckels will be anxious
to make acceptable offers for next
years crop before it has matured.
Ell nW.RESlnENT'S SnN