Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-08-10
SUGAR News. OF
INTEREST FROM
new YORK

Sugar news of unusual interest has
! been received during the past few
days by the Warehouse Trust Com
pany from its New York correspond
ent, Dow, Jones & Co, whose bulle
tins are timely.
Among the news of local interest
given in these bulletins the following
are extracts:
Decline in Sugar Shares.
American Beet Sugars decline of
81 points to 68A was attributed to
the passage of the bill by the Senate
Saturday reducing the duty on sugar,
and the possibility that the same
measure would receive the approval
Of the House.
Similar reasons were offered for the
decline of Az points in American Sug-
ar common to 123A. 1t was argued
that both companies would be adj
versely affected by a reduction in the
sugar tariff, though American sugar
interests have claimed right along
that their profit comes from the mar
gin between the price Of raw and re-
fined, and that it would not be mate
rally hurt by tariff reduction.
Cuban Crops.
Weather continues favorable for the
crops in Cuba, with II centrals at
work as compared with four last. year
at the time and two in 1910 New
paintings are being made wherever
possible. While the rainfall has been
Hight in the Hawaiian Islands, the
weather as a whole has been consid-
erably more favorable for the crops.
Porto Rican crops are progressing sat
isfactorily under fair weather.
Rains have continued to fall fire.
quently in Louisiana, interfering with
field work and also preventing Guilt |
vators from making necessary plant |
ings. -
Stocks in the United States and |
Cuba together are 507, 1853 tons against |
543, 1893 tons last week and 346,517 tons |
last year, an increase of 160, 752 tons |
from last year. Stock in Europe is
/ 1855 900 tons against 1,445,000 tons |
last year. Total visible supply of |
stocks in Europe and America are l. |
T72,269 tons as compared with 1,791,- I
571 tons last year at the same date.
The Sugar Tariff. - I
the proposed tariff measure reducing
the duty on sugar 30 cents hundred
and abolishing the Dutch color stand
ard should be considered somewhat T
for the beet interests and I
slightly bearish for the refiners This I
Is because, while there will, still be
1 tax sufficient to protect domestic
the abolition. of the Dutch
color standard WIN let in many yellow Il
sugars, which it is thought will be Il
bought by confectioners, Gamers, etc,
without being put through any further
'efining processes. The refiners may
.hus lose a portion of their business,
which, while not as large as that, in
he high-grade white refined product,
S still of Importance. One. of the
strongest points in favor of the cane
'eflners is that the American public
Ias had It's taste educated to an ex-
ent where. it is satisfied only with
he present white sugars.
Iot to Compete With American Sugar.
Horace Havemeyer says the forma-
ion OF WEIGH, Havemeyer & Fair
hild, Inc, has no special significance
nd that it has merely been organized
O operate cane sugar plantations IN
he Philippines and in Hawaii. The
irm's charter. is rather broad, but
here is no plan under way either to
inter- the refining business or to COM
inc with Arbuckle Bros.
The H. o. Havemeyer estate owns
important holdings in both the Cuban
Imerican and Cape Cruz sugar COM
anies.