The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1888-01-27
A RISE IN SUGAR.
An IncreaSe ia Consumption ana
Decrease in the Worlds PrOduc-
tiOm.-Bept Sugar Culture i'm Cal
IfOrnia.
rs. F. Call, January Sth.l

Within the past few months the prices
OF different grades of sugar have adj
vanced on an average Of two cents a
pound. In order to learn the cause OF
this rise and the future prospect OF the
| market, 'CalP' reporter visited num-
Der of leading dealers and manufac-
turers of this important staple.
Herman Bendel of the firm of Till
mann & Bendel, when spoken to, said:
'"The cause of the recent sharp ad-
vance in the price of sugar is the result
of a decreased production and an in
creased consumption of the article.
Competition in local manufac turing cir
cles resulted in sharp decline in prices
during 1887, and as natural result there
was greater consumption.
'I look for an advance from present
prices within the next few months. The
London and New York markets rule the
world, and as the former handles almost
exclusively beet sugar, and as there has
been such a marked falling off in the
last crop, prices are sure to advance.
ON /Licht said, the leading European
authority on sugar has reduced his esti-
mate of the last crop to 2,263, 900 tons
against 1925, 442 tons in 1886, or a fall
ing off of 362, 44S tons. The consump-
ton for 1886 was 40, 1000 tons in excess
OF the production, while in 1887 the con-
sumption was 100000 tons more than
the previous year, making a total con-
sumption over production for 1887 of
742 900 tons
''The Weekly Statistical Position, an
organ devoted to the sugar interests, in
its last issue for 1887 says: Under the
continued influence of advancing mar
kets in all producing countries, the year
closes with the general feeling that
corresponding rise must soon take place
in the United States.
Chow about the rumored formation of
a pool of local manufacturers for the pun
pose of advancing the price of sugar."
asked the reporter.
cit is all nonsense, and what is more,
it would De impossible. The New York
dealers, in case of rise, would throw
their goods on the market and break any
combination of local dealers"
Gustave Spreckels gave similar opin-
ions on the prospects of the market and
said
~ think that sugar has been at it's
bottom price, and [ look for an increase
until the next European beet sugar is
marketed. If the crop is large and
there is not an increase in consumption
the prices may soften, but this will not
occur before next September.
"The California Sugar Refinery Com
pany have been experimenting lately
upon the cost of production of beet sugar
compared with cane sugar. The expert
ments made have encouraged us to erect
works at Alvarado and jacksonville, and
we contemplate building refineries in all
sections of the State adapted to the Guilt
walton of the sugar beet. These differ
ent refneries will have capacity for an
annual production of 5000 tons each.
"Beet sugar, when refined by the i'm
proved methods, is OF as fine quality as
that derived from cane, experts being
unable to detect the difference in the
two productions"
The Directors of the American Sugar
Refinery Company are not in favor of
the sugar beet industry. One of them
in conversation yesterday said: "The
American Company is not yet prepared
to give mp the refining of cane sugar. It
would be disastrous for us to do so.
Many of the principal stockholders of
the corporation are Hawaiian planters.
Sugar raising on the islands has been,
and is to-day, a profitable business, and
[ think that cane sugar can be produced
as cheaply as beet. The American Com
pany will continue to manufacture the
former until it is demonstrated that the
latter can be more proftably produced.