The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-01-29
suGAI. PROSPECTS,


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Ispr,rs II is .r vain. to MS to follow
v,l,8t mo- has to saw in8smurb as the
beef surar in8usfr, off Germany is
affecting the price of sugar through
ONT tine world The cousuI's informa-
ZION with regard to the Cartel is also
very valuable. as showing how the
price of "a product can be kept up for
home consuuption while il can be sold
for a third of it's value abroad.
The latest official estimate shows
that. exclusive of Denmark. the sugar
growing countries of Europe will pro-
duce this year Oops. $50 tons of raw SUI
gar. an increase of 262. $50 tons over the
already enormous product of last year.
OF this vast output. Germany will. if
is estimated. Weld 2.O73lOO tons. against
7.q74.>0O tons during the last preceding
campaign.
Recently a high commercial author
ftv estimated the visible supply of raw
sugar now i'm the principal European
markets at l.64OSI8 tons. against POI. o.
525 tons on the same date i'm 1900 and
l.2i9.772 tons in 1899. Adding to these
the visible stock of raw sugars in the
United States and cuba, there is found
20 be i'm sight 1.S25g21 tons. against
1 4O7.7S3 tons on the same date last
wear and .554 100 tons i'm 1899
Under these conditions SAYS Consul
General Mason and i'm view of the
growing production of sugar in the
United states. cuba. Porto Rico. and
Hawaii. prices of raw sugar in the Ger
man market have sunk until the condf-
lion of the whole producing interest
would be desperate were IL not for the
Cartel" or secret working combina-
ton between raw-sugar factories and
reffnerfes. bv which high prices are
maintained for all sugar consumed in
Germany. the profits from which add
ed to the Government bounty paid on
exports. enable the factories to nav a
proportionateIv high rate for beets and
at the same time sell their exporred
product i'm foreign markets AT prices
with which other nations find If diff
cuIt to competa and which i'm effect
give the German producer q command
ing posfffon i'm the worlds sups,.. man
ker.
The cartel or syndicate or sIgsr
producers and re6ners about which
much spacuIarion moro or less mao
.curate. has been unfinished recently i'm
The English ne,ysnapars was oraanfz-
ed something more than q vear. auo
and. according to statement which
appeared at that time includes about
80 per cent of rha surar-nrodurfnr i'm
teresrs I'm GERMANY, Trs management
is secret and somewhat dificugr Tn
studv avr4pt rbrouab the p,a5i,r, ,r
results bur i'm general terms if n,a,. he
stated thar the cartel elI9rantaas uro-
ducers of raw sugar a certain mini
mum price and takes rbafr entire mo-
duct. ANY difference between This
minimum and lower price which NAV
rule in the worlds markets is made
up by the refners. On the other hand
the raw-sugar producers guarantee TO
pay a fixed minimum price for beets
TO produce no raw sugar for consump-
lion in Germany. and to sell their raw
sugar only to rehneries belonging TO
the syndicate.
Among the results of This clever
scheme two may be cited which will
explain the present situation. viz: on
the one hand, the factories are able
TO pay for beets about rs cents Der ton
more than the general sugar market
price outside of Germany would tusti-
fy and. on the other. refneries are
able to control absolutely the price Of
sugar for consImption in Germany
and this they do SO effectively that or
binary White lump sugar costs today
at any grocery store in Berlin 20 to az
pfennings az to so cents) Der pound
or nearly three times wbat is CHARGED
for the same grade of Gernan-n,ada
sugar in London. and this AT a romenr
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