Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-03-31
SUGAR


t,s,xnass.sSt,s,stgitss,s Observation-Disclosures
The raw sugar situation, always
center of vital interest to Hawaii. Is
assuming status that causes many
of the best experts to figure that the
limit OF high prices has by no mean,
been reached.
The cuban sugar crop Is showing up
much shorter than the most pessi.
mistic reports represented early In the
year. There are some who claim that
The whole Cuban crop will not amount
to more than 100000 tons and while
this Is drawing il very strong, there
is every reason to believe that the
crop will be not less than 100000 tons
short and the total Outturn of Cuba
this years may not reach million
tons.
The experts who were predicting
-four cent sugar early in the year are
now beginning to suggest that five
cent sugar need cause no surprise.
A very good review OF the raw
sugar situation is given in the follow.
ing published by the Federal Report
err of March II. Speaking Of Cuba it
says:
Eight centrals have closed down
since last Tuesday, and four since last
| Friday. These estates have stopped
work, because their cane Is exhausted.
The weather in the island could hard.
Ily be improved upon, so far as grind.
ing is concerned, but, on the ctEc,
hand, II is so dry that II Is again do.
ling the crop serious injury! Receipts
are falling of steadily, and exports
are also small. The figures now be.
gin to show falling off from those
OF 1906. and this difference will DC
come more marked as the season pro.
crosses Messrs. Willett & Gray, We
understand, have reduced their est.
mate, making the minimum 100000
tons, with a maximum crop of l,lOO,'
900 tons. Certainly reports from the
island as to the yield are very poor
and the outturn in most districts Il
failing far short of the original estl
mates.
The following is n translation from
the "Avlsador COMMERCIAL Chavanal
of Saturday, March It'll, 1908:
/ SUGAR: without doubt some
thing abnormal IL happening to tho
'aIblN VI tillt bNSil NlllN NNbas tNll NA4
CulatiOns made at the commencement
OF the campaign with regard to these
crops are turning out to be very fal
from the reality. and II II Is taken into
account that the extent of land unde,
cultivation is at least equal to tina
Of last year in all the producing coun
tries one must necessarily ascribc tn,
shortage to deficiencies or disease o
the cane in the intertropical region!
lOf America.
Thus we have the Louisiana crol
which was estimated at 100000 tons
and which has been reduced to $4,000
IONS; we have Porto Rico, estimated
AZ 25O,OCO tons and which will Onl!
amount to $4,000 tons. while Mexico
the Lesser Antilles and the Guyana
also have a shortage In the final out
turn Of their crops.
In Cuba IT is already necessar.
that rectification should be made II
the estimate of our friends Messrs
Guma a Meier, and that rectiiicatioi
does not imply the existence OF an,
error In the fundamental basis of ttei
calculation. The figure of l.I66 90
IONS Is what, under normal condition.
should have been the yield VI the eS
tent Of the cane fields at the CON
mencement of the crop At that tim
one could not calculate on the dcllc
ancies or diseases of the cane to whicl
We have referred and which are bein
made patent as to the cutting dow
If the fields progresses. But this ilg
. ure continues to exist officially and
taken into account In calculating tn
probable supplies, and II contribute
TO raise to an incorrect amount tn
stocks which II is supposed will exis
IN September LIST, 1908
at Is necessary, therefore, that Il
accordance with the reality OF facts
Continued on Page 81