The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-02-08
The Sugar Market
LoRRrN A. THURsToN.

tive committee of seven directors, and |
a prohibition relating to speculation in !
the stock of subsidiary companies in |
which the American have an interest |
to meet the requirements of the New |
York Stock Exchange.
Resolutions were passed approving |
the action of the directors for the LAST
year and endorsing the applica-
ton of the reserve of the earnings to
the working capital
I Liverpool Selling Terms, Landing
Charges. Etc. Liverpool, December
"a. le09.-Foreign refined sugars are
sold f. o. b. less two months interest
at per cent Landed terms, for these
sugars are in London-cash in one
month less / per cent; in Liverpool,
cash less 2 1-2 per cent.
,, British refined sugars in Liverpool
and London. cash in IA days less Q 1-2
per cent. Duty on all sugars over 80
degrees pol. Is. l0d. per cwt. To the
elf. price of foreign sugars has to be
added landing charges, paid by buyer,
| which amount to lid. per cwt. ex
quay in Liverpool, and we believe
something over Sd. per cwt. in London
| ex ship. Cost of putting into store
! in Liverpool is another / lid. per
cwt. We do not know the cost in Lon
don, but believe it to, be about double
that of Liverpool. .
| In calculating the difference to buy
ers between British and foreign re-
fined sugars, it is necessary to remem-
| Der that British sugars are Null
weights, whereas there is usually a
loss in weight of 1-2 to 1 per cent on
| foreign; then British refiners have
4 81 &c IN sp1o nd
| towns of which buyers have the adj
vantage, and in some leases refners
give away the whole cost of carriage
where the competition of foreign sug
ars is most felt. Tate has large
number of depots all over the country
where he keeps suitable stocks of re-
fined and within an hour or two of
making his purchase buyers can have
delivery This gives him great adj
vantage over foreign sellers, especially
at time such as the present, when
we have had so much handto-mouth
trading.
In consequence of the policy pursued
by buyers this season British refiners
have been able to command more than
the usual premium over foreign
sugars.
EUROPEAN BEET CROP.
F. o. LIGHT reports as of January IL
that weather is favorable for field work
in European beets, and that there is no
change in the situation or previous es-
Inmates of crop.
AMERICAN BEET CROP.
Messrs. Willett e. Gray summarize
the status of the American beet crop
for 1909 and summary of the deselop,
ment of the beet sugar business in the
United States during the last eighteen
years, as follows:
At this time of the year we are ac
customed to revise our estimate of the
American beet crop.
Weather conditions at the beginning
of the harvesting period were very sat
isfactory, the outlook generally promis
ing good results. Recently, however
: heavy SHOWS, with intense cold, have
interfered with the pulling and hauling
r of the beets in several States, especial
ly in Colorado, where many beets were
! frozen in the ground, the yieldNof which
> is still problematical, and with quite {
number of factories still working, {
3 close estimate of the total production
4 is not yet possible.
e We can only say that, in view of the
special reports we have received from
a all sections, the present indications
: point to crop of 425,OOo long tons O.
I beet sugar, being reduction of 10000
! tons in our estimate of October 21st.
Progress of American Beets in Eight
o cen Years.-We have prepared the fol
1 sprt ct ~ Dba nc
!; made by the beet sugar industry in tn
United States during the past eighteen
: years. The production stated for tn
present season (1909,lO) is necessaril,
+ estimated. as some factories have no
yet completed their run.
= Factorie
:. Snoar prodncad Onara 4 or