Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-08-19

low similar course. partly In SYM
pathy with the higher prices of raw
sugar partly also by reason of the
import duty on sugar adopted in 1901
(O905 cent per pound of refined from
April 10, 1901, to May Is, 1908, and
O.39S cent per pound of refined since)
Tate's cubes, No. 2, which averaged
Bis cents in 1900 tprior TO the intro
duction of the duty, rose to 1866 cents
in 1901, and to Alb cents and 4.G1
cents per pound in 1904 and 1905, the
years following the ratification of the
Brussels convention. The lowering
of the import duty in May, 1905 from
O.9O5 cent to O.39S cent per pound of
refined affected but slightly domestic
prices. because of the simultaneous
rise In the price of unreiined sugar
during that year.
New York quotations of standard
grades on the whole show the same
course of development. In the case
of Cuban sugar the reciprocity con-
SESSIONS (O.337 cent per pound on Sc
centrifuaals) were followed by a rise
of the annual average price of that
grade of sugar &c. and {. price at New
York without duty from 2.035 cents
for 1902 to 2G26 cents for 1904. Since
then the quotations, as given by
Messrs. Willett & Gray. have followed
fairly closely the developments In the
world market. The price of refined
| pt lntn oil uhinh oil
4.455 cents in 1902 and 463S cents
in 1903 (at the end of which year
reciprocity with Cuba went into eff
fect) rose during the next years.
when prices of the raw product went
mp. and fell in 1906. when there was
fined article. The 1910 average price
of refined shows an increase over the
1909 average Of O.2O7 cent per pound,
as against an Increase of 0.lSl cent
| in the price of the unreiined product
| (9G0 centrifugals) for the same year
Cost Of Production.
TheProduce Market Review OF Lon
don, October 22, says: It is generally
believed that the cost of producing
So beet in good and well-situated
weight (s2.06G per 1i2 pounds; add
ing Cd az cents) for the transporta-
| ton to Hamburg, this would bring
the first cost to 9s ($2.10 T. o. b.
Hamburg. without any profit to the
manufacturers. A fair return of 10
b., hn cnayapine ,rlri in Ia,
"a few months In the year would bring
the price up to los Sd (about $2.50.
II is believed that cane crystal
sugar can be grown in Java at Gs
$t.46) per hundredwcight nl2
pounds), or say rs Cd tsi.S2) landed
in London. Fifteen per cent profit
on this would bring yellow Java crys-
tails up to say SIS I'd t$2.13) per hun
dredweight as against los 3D. for So
beet. Cuba. with its great central
factories, can also produce ut very
, low cost. probably from is to 7s Isl .46
to $l70) per hundredweight.
| II Is understood that about % (49
cents) Is the lowest remunerative
| margin to the German refners, be-
tween the cost of So beet and the
price of first marks of granulated.
Here, again, the relners, in addition
to the future competition of white
cane, have TO mee( the increasing
manufacture of granulated. and even
of common cubes direct from. the beet
juice. %
Regarding the above statement,
Messrs. Willett and Gray are of the
opinion that the cost figures for beet
and cane production may prove too
low. Mr.. c. Czarnikow, in an analysis
of beet-sugar cost, arrives at the con-
clusion that the usual cost of beet
roots. working expenses and yield, for
So sugar is 9s Cd ($2.3D per hun
dredweight (. o. b. Hamburg, without
profits to manufacturers, while under
varying equivalents between large
and small factories the cost, may
range from IS to los ($2,19 to $2.43
per hundredweight, plus Is CAB
cents) for interest and surplus of
working capital.
The Czarnikow estimate for beet
sugar does not vary much from the
Produce Market Review, but we must
take exceptions to the cost of pro-
ducing Cuba centrifugals at 6s to rs
per hundredweight. say SIS Cd, equal
to Lac cents per pound. While large
and small estates in Cuba vary in
cost of production, the same as with