The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1886-11-16
COM MER CIAL.
VOvOLTLT- VOTFURFB 16

HONOLULU. N0FEMBER 16, 1886.
From lengthy article in the San Fran
cisco Bulletin Of October q, on the Sugar
Outlook" we clip the following paragraphs,
giving the latest information regarding the
beet-sugar crop of Europe, and the supplies
on hand in the principal sugar markets of
the world:
Sugar continues unusually low all over
the world, as compared with prices few
years ago; and it is becoming question of
interest whether there is to be any material
improvement in value very soon. Crushed
Sugar at &C is certainly cheap, viewed in the
light of recent history. 1t is not necessary
to go back many years to find quotation of
Ice. There are scores of housewives in this
city who thought they were doing well to get
6 lbs of Crushed Sugar for dollar. 1t was
then 16c per ID by the barrel. Now the
figures are completely reversed. Sugar is &c
per ID by the barrel and retailers are glad to
give IS lbs for dollar.
Hawaiian Sugar planters have complained
much IN the past two years, but really they
are the best of of all, because in addition to
the price which the Cuban planter gets for
AllS pAOAuIb' AnbJ lbdB luO Oulg WHICH IuS
Government excuses on their sugar. 1t so
happens that our local Sugar refners are
largely interested, directly and Indirectly, in
the cultivation of Sugar at the Hawaiian
Islands. In making contracts with the
planters, they are therefore dealing with
themselves to great extent. To cut off all
competition from outside sources and to
make things doubly secure for themselves,
their contracts with the Hawaiian planters
are based upon the cost of dutiable Sugars
delivered in the United States. IF, therefore,
they do not get much more than the refining
charges on the Sugar handled by them at the
refineries, they have the benefit of the duty
TO the full extent that they are interested as
planters. They had the wisdom to foresee
this condition of things upon the adoption
of the reciprocity treaty ten years ago. But
for this fact, 1t is probable that Sugars would
have sold at much less figures in this market
IN the past decade. Under the fostering care
of such advantages, the product of the Ha-
waiian Islands has been more than doubled
in this interval. The crop cut in the past
twelve months has yielded upwards of 100000
tons OF 1000 lbs. or over 100000 lbs. and
the outlook for the ensuing crop is equally
favorable.
"a prominent element in the late depres-
sion IN the Sugar markets of the world has
been the cheapness with which Beet Sugar
has been produced. 1t is a question whether
economy in that line has not reached its
utmost limit for the present. Everything in
the way of labor saving machinery it has
been possible for man to invent has been
applied, and the manipulation of the Beet
product has been reduced apparently to the
lowest possible figure. A German trade
paper with an unprOnouncable name, under
date of September 9th, gives returns of
eleven Sugar factories in Germany, four of
which show that they came out square, six
factories worked at loss, and only one paid
dividend. 1t is further reported, that of all
of the Polish factories, only two declared a
dividend of three per cent each, while all the
rest worked at a loss These figures are not
not going to stand duplicate of many such
seasons. AS to the current seasons Beet
crop, the September report of NJ. LIGHT gives
the following estimates;