The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1888-02-07
ON RCIAL.
R0Y0LrLE 80. Z. -.

Perkins from Puget Sound.
Departures to foreign ports were the Lillian
for Ho1sSong, the 5. n. Castle and the Eva
for San Francisco, with cargoes of the sggre-
gate value Of S125, 1856.
Sugars received from island ports since
last Issue amount to 1885, bags
The following is from the S. +. CAL of
January sih:
Within the past few months the prices of
different grades of sugar have advanced on
an average OF two cents pound. In order
20 learn the cause of this rise and the future
prospect of the market Cali reporter
visited a number of leading dealers and
manufacturers of this important staple.
Herman Bendel of the firm of Tillmann
BeDdel. when spoken to, said: "The cause
Of the recent sharp advance in the price OF
sugar is the result of a decreased production
and an increased consumption of the article.
Competition IN local manufacturing circles
resulted in p sharp decline in prices during
1857. and rs a natural result there was
greater consumption
AN ADVANCE EXPECTED.
y look for an advance from present prices
within the next few months. The London
aud New York markets rule the world, and
as the former handles almost exclusively
beet sugar, and as there has been such
marked falling of in the last crop prices are
sure TO advance.
an. LIGHT. the leading European authority
on sugar, has reduced his estimate of the
last crop to 2.263 600 tons, against 2,625 442
tons in 1886. or a falling off of 362 AS tons
The consum ptiOn for 1886 was 10000 tons in
excess of the production, while ia 1887 the
consumption was 100000 tons more than the
previous year, making q total consumption
over production for 1887 of $4,000 tons.
"Fhe weekly Statistical Position an or
gan devoted to the sugar interests, in its last
huence of advancing markets IN all produc-
ing countries, the year closes with the gen
eral feeling that a corresponding rise must
soon take place in the United States.
allow about the rumored formation of
pool of local manufacturers for the purpose
Of advancing the price of sugarr asked The
reporter.
lit is all nonsense, and what is more. it
would be impossible. The New York dealers,
in case of a rise, would throw their goods on
the market and break any combination of
local dealers.
CALIFORNIA BEET SUGAR.
Gustave Spreckels gave similar opinions
on the prospects of the market and said:
Il think that sugar has been at its bottom
price, and l 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 Company
have been experimenting lately upon the cost
of production of beet sugar compared with
cane sugar. The experiments made have
encouraged Us to erect works at Alvarado
and jacksonville, and we contemplate build
ing rehneries in all sections of the State
adapted 10 the cultivation of the sugar beet
These different refneries will have capa-
city for an annual production of 5000 tons !
each.
"Beet sugar, when refined by the improved
methods, is of as fne quality as that derived
from cane, experts being unable to detect
the difference in the two productions
IN FAVOR OF CANE SUGAR.
The Directors of the American Sugar Re- |
fnery Company are not in favor of the sugar |
beet industry. One of them in conversation |
yesterday said: The American Company is |
not vet prepared to give up the refining of |
cane sugar. 1t 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, profitable business, and think that |
cane sugar can be produced as cheaply as |
beet. The American Company will continue |
to manufacture the former until it is demon |
strated that the latter can be more proftably |
produced.
The american Grocer" of January Attn |
reviews the coffee markets as follows: Short |
crops IN all leading producing countries was
the basis for gigantic speculative move
ment 1t eliminated in June, when Brazil |
Coffee sold 7ssc per pound higher than in
January. Since June the market has steadily
declined, but closes 35sc per pound higher
for FAIR Rio than at the beginning of the
year. PadanP, Java, is about &c per pound
higher on the lower grades. Maracaiho has
advanced BIC per pound, and Laguayra a
IL - l., = Al. i
eject to reduce the consumption, which
shows a decrease, as compared with 1886, of
about $4,000 bags, exclusive of the Pacific
Coast.
The highest and lowest prices during the
Fesr for Fair Rio Coffee we're 22s<c and 14c,
md the average price for the year 17.Sc.
The averages of the years 1886, 1885 and 1884
we're 10.32c, sole and 1092c.
The S. F. Nelcs Letter has the following
lnder the head of Sugar Duties versus
sugar Bounties
The placing of sugar on the free list
would at once get rid of $40,0O0,000 Of the
annual surplus. 1t would give every man a
heap breakfast table, and, above all, it
yould greatly lessen the price of raw mate
ial which enters largely into the canning
Industries in regard to which California
ntertains such large expectations. Free
ugar means protection to class that it is
ifiicult to otherwise protect-the fruit
rosers. If homemade sugar must be pro-
ected, that can be done in another way.
he example of France and Germany can be Z
opted, aud bounties paid. If sugar manu-
acturing be an Indispensable industry for
ountry to encourage, that can be done more
and at less cost by direct rather
han by indirect payment. Napoleon l.,
eternined that France Should grow Its own
uoar and TO enable it to do so he established
system of bounties The experiment was
o great a success that Germany, many years l
alter, initiated his example, and now the |
reduction of sugar from beets is one of the
orenost industries of those mighty empires. t
q the production of sugar Germany now 5
sads all other nations; her product in 1885 s
which WAS greatly increased in 1887 was
I9OOO0,0O0. France follows some distance ,
fter with an annual product of $96,000O00.
When bounties were first offered there was !
OF a pound of sugar produced IN either
ountry. In Germany and France the lands
re dear and exhausted and require constant
lanuring In the United States they are I
heap, and, in many of the States the rich l
nd deep soils ale practically inexhaastible. 3
he growth OF beets and production of sugar !
upht 10 be among the great industries of