The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1889-05-28
SUGAR IN The UNITED STATES.

There Is no reason for any surprise
II the advance IN sugar. We are
merely experiencing the negotiable
reaction from the unwarranted de.
preston Of 1886. when dry granu,
lated sold at 5! cents. The thing
has worked in a circle, as usual By
Offering bounties and bonuses the
Germans caused an excessive pro
duction Of beet sugar, which led to
8 decline IN the price; the decline
made II Improbable to work some
OF The plantations in Cuba, where
the crop Of cane sugar has fallen of
10000 tons, and the reduced stock
ass now again stimulated speculation
and prices have risen. Taking dry
grznulsted as type of the market,
IT'S now L cents higher than it was
Il New Years and i cents higher
thzn il was at New Years IN 1888.
The advance Is based on a reduction
il the visible stock Of raw sugars
equal TO 10000 tons, as compared
with this date last year, though, Of
course. the upward tendency has
been assisted by the manipulatloDs
OF the trust. An increased pro
ducilon Is sure TO follow, and at
some point, probably not far distant,
& downward turn in prices will come.
The important feature in the case
: the probable effect Of the recent
advance IN the development Of the
surzr industry In this State, and Its
dependency. the Hawaiian Islands.
The Hawaiian crop this year Will
r-obsblv amount to l25,00O tons;
but the demand for raw sugar from
our two refineries is so large that
small feet Of vessels are now on the
WY from Manila loaded with sugar.
The product Of beet sugar on this
coast Is thus far only nominal But
Ny. Claus Spreckels states that the
last Of the capital in his new S.
$4,000 beet sugar company has Just
been taken up. and that IN short
while ten factories, each costing
$4,000. VIII be IN operation IN this
State. making raw sugar from beets.
II the price Of the commodity can
be maintained anywhere near pre-
sent figures. the profits Of these
concerns viii be large and other
rsfneries viii be established. We
NAV thus vet come TO see the day
when. a. Mr. Spreckels predicts, the
United States viii not import
pound OF dutiable sugar, California,
Louisiana and the Sandwich Islands
heing able to supply the whole
demand
50 startling a change in the tide
q commerce could not fail to be fol
lowed by political consequences of
moment. In the times In which we
i've politics are more frequently
ruled by commercial considerations
than by patriotic sentiment Ii, to-
morrow. the reciprocity treaty with
Hswzii were repealed, the islands
would have TO sue for admission to
the Union TO save the sugar planta-
ions. and the United States would
have to admit them to save them
from the clutches Of some European |
power. Again, if ever, as Mr..
Sureckels SAYS, this country comes
70 grow It's own sugar, Cuba will be |
ruined: and all the armies of Spain |
vii not suffice to prevent Its lnhab- |
itants from begging for annexation.
Ii i thirty odd years since James |
and Pierre Soule issued |
tie Ostend manifesto, in which they |
sdvised the United States to give
Spain q hundred millions for Cuba,
"a order TO add more slave States to
the Union= and now here comes a
cuiet business like German gentle
man who sets up beet sugar fact
ores and so works things that Spain |
nav presently be offering the island |
10 ns for q small consideration.
The effect Of a cessation of sugar
imports into the United States
would be felt over the whole com
nercial world. We pay now to for
siEners-witbout counting the Ha-
Fsiign sugar IL some S75,OOO,OOO
every year for sugar and molasses.
Tins payment, which passes through
the worlds clearing house-London
goes e lcDg way to defray the cost
a the food which we supp y to
Europe. If It stopped Europeans
would have to pay for that food in
money and the new departure
would in the course of few years
make New York and San Francisco |
the financial centers of the world,
instead OF London.-rS. f. Paper.