The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-11-13
OUTLOOK FOR BETTER SUGAR
. PRICES SEEMS VERY BRIGHT
CONDITION OF INDUSTRY IN WARRDDEN EUROPE SUCH THAT
EXPERT BELIEVES THAT UPWARD TREND or
COMMODITY WILL CONTINUE

and every owner of sugar who had any
profit left in the sugar was willing
10 hqnidate and realize what profit he
teua, before lower lesei o. values
should be reached In this way, step
M STEP the market has descended I'm
Gil now mbre than onelhalf Of the rise
in the value OF sugars in bond has been
lost. The liquidation OF those speeu.
lative transactions is still going on,
but there IL apparently no panic and
the Cuhans are belaing on to their sn-
gars with comparative frmBess, sns
the producers Of white beet sugars Ia
the mOpDtain states are not forcing
their sugars ON the market with any
particular raiiditg, hut the disappoiRt-
lnents that have been experienced
among the sugar dealers and the sugar
spectators have very detcrring Of
feet and they stahd today unwilling
TO avail Of the real strength of the
market, which Is indicated by the sta
tistieal position of sugars
Sugar Stable Commodity
Some parties soon 20 forget that SUI
gar is a comparatively stable eommo-
dity and can be kept for very consid-
| cradle lengths of time without any
material deterioration The great su-
y II
the days before the civil war bought
practically the whole Louisiana sugar
crop and carried il up into the West
ern states, say TO Louisville, Cinein-
matt, Chicago and st. Louis, holding
\ there tens of thousands OF hogshcads
! Of sugar, awaiting distribution through
the markets of the West as the wants
Sf the consumers developed the de-
mand. E ti4 .
There is today an even greater de
mana for sugar throughout al Of the
United States than there was fifty
years ago, but consumers have been
taught by the eNceilenee Of the sugars
4 produced by the sugar reflners to now
demand sugar free Of favors, and Of
white color, and the bulk Of the IN.
gars are now produced to Gil those con.
ditions. The beet sugar faehories fonnh
that il was practically a sine qua non
with them, Their sugars must be pro
duced exquisitcly white and Of the
highest purity in order TO etimiuate the
disagreeat 10 od6r that would. otherwise
attach to boet sugars. The sugar no.
finers have practically supplied the rest
of the demand and the old demand for
brown and yellow plantation sugars has
,
not prevent the great grocery dealers
of the country and the great confec.
TONERS, preserve makers, meat packers
and other large users of sugars from
buying in advance such sugars as they
might need for months 10 come, just
as the great merchants of the ffties
bought the Louisiana crop Still, VIZ
must recognize serious change in that
respect IN the methods of modern trade,
as well as in the matter Of the tastes
Of the consumers. Merchants dealing
regularly in any particular commodity
! If ample capital and resOurceful, will
/, buy largely of staple goods when, IN
their opinion, these goods arc below Q
normal value, but the average mer
chant of the present day seems now
deeiroRs of only buying just enough &c
! carry along his business In constant
sort of way, working for quick sales
although at very small profits.
Sugar Consumption Increasing
} II the war horizon Indicated shori
sugar crops, for the year 1918, as il
row does and IL our merchants wer,
70 follow the oldtime methods, the,
Would avail ef the opportunity of buy
ing sugars on the present basis apC
gradually stock up TO whatever extent
} their financial condition would yer
!, nit There may be much of this sert
J lot buying now going on, but the com
mon reports are % the contrary. Th'
: governments reports, Of the imports 81
(. sugar into the United States for tn
eight months ending August 81, indi
cate impOrtations of 10000 short tom
more Of sugar this year than last yea
/ 10, the sane date. These data wonl,
: indicate qnite an active demand for Fu
. gar, the common explanation of whiel
. was that the cheapness and excellehc,
! Of sugar, as a foodstpff was increasing
l its consumption as rapidly as its pro
: duction was increasing in the variOu
! spFarIroducing countries Of the world
, With all Of these phases Of the suga
1 situation in view the sugar produce
should endeavor TO finance his suga
I IN soine way 50 as 10 maintain rea
! Fonable market value for the sugar. II
: Ike manner the sugar merchants VIII
: know of the immense amount Of suga
: they viii need during the coming yea
/ should become active purchasers; !
! prices should become materially dc
I pressed Such sugars win surely pa,
7 a profit in 1913. In like manner thps
!, who are disposed TO speculate in sll
! CARS we believe would find no bette
y investment than 20 stock mp as far, a
, their financial arrangements will pei
h nit them in these same high.grad
y sugars. l'5 .. 81" gt'... .t.,-..,
!, Higher Prices Looked For
!, With proper appreciation of tn
!. sugar situation throughout the suga
G producing world, Of the diflleulties tina
|. now environ al of the sugar producin
4, nations Of Europe, with the fact tbs
% the great English colonies have all {
It their crops commandment by EnglRh