Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-05-28
WILLETT & GRAlrS JOURNAL IN
Comment ON SUGAR SITUATION

this respect noticeable under the new
duty. .... ..4.....- -
A government investigation OF the
domestic beet sugar industry in its
relations to tariff conditions Is now
being conducted in every beet sugar
producing state. which may lead to
I the resembling of the free duty clause
In the tariff. to take effect May /.
1916. - ..... ~ FL. ...-. /,
Atlantic port receipts for the week
were small, 1850 tons, and less than
MEETINGS. so that stocks decreased TO-
! 10 tons. - = i l. ...@
At the close the market Is strong,
with holders generally asking 2ke C..
e. (. t3.26el for May shipment, with
few small lots probably obtainabie
at 2 1890 c. & {. {3.23cl. A sale is
reDorted to outports at 2 7.32e c. & I.
lt3.23c). :. -.
Annual Report American Beet Su.
gar Company, 19f3-1914 Following
are extracts from the annual report Of
directors. dated New York. April so.
1914. for the fiscal year ended March
81, 1914: .
Income Statement. Receipts. So.
210,373.73, expenses 1886 ,269. 0S.
earnings 1914 ,105.6 preferred civi.
Edends 100000, appropriations for i'm.
proyements $l92, 030. SO; total 1872.
$50 80; surplus applied to working
capital $152, 074.32. ss
The capacity OF 0xnard and Chino
and Rocky Ford has been increased,
respectively from 1000 tons Of beets
per day to 1000 tons per day; from
7OO to 900 tons; and from 1000 to 1900
tons.
Oxnard, Chino. Rocky Ford and
Grand Island factories were operated.
while Las Animas and Lamar were
closed.
There were produced In the cam
paign 1.812, 262 bags of sugar, an in.
crease over 1928 Of I53.1l9 bags.
There were brought over. from the
last campaign 523, 28S bags of sugar.
compared with 4,265 bags from 1911,I
u. &
There were sold during this year
1 1923 .901 bags. as against 1,270,I25l
bags last year. and there are carried
over into the next campaign 5I1 ga
bags.
Beets in California we're inferior IN
sugar content and purity to those Of
last year. and Yielded but 1880
pounds of sugar per ton, as against
S56.17 pounds in 1912-1913. In Colo
RADIO the yield was 292.57 pounds Of
sugar to the ton, compared with 27S.71I
pounds average the previous three
years.
The cost Of sugar sold, including
freight and all other selling expenses.
has been $4.15 per 100 pounds, com
pared with $42s last year, and the
net earnings, including sales Of pulp
and miscellaneous products, hive been
IS cents per bag Of 100 pounds, com
pared with 1912-1913 profit Of SO cents
per bag. The factory cost averaged
$3.50. ss "a Is
Beet acreage for 1s14-1915.--TheroI
is falling off compared with that con-
tracted last year of 1856 per cent.
Part Of this decline is due to the cons
pany's refusal to contract for some
lands which produced inferior beats
last year, and part OF it because Of the
dissatisfaction Of some growers with
the reduced price to be paid for beets.
Earnest effort was made By some OF
the beet growers, associations to get
all farmers to refuse the new prices,
but their meager success indicates
that all dissatisfaction will disappear
by another year.
In California the price to be paid Is
70 cents per ton less than that paid
last year, but on the same basis as
paid in 1912 and previous years.
With the average yield of sugar per-
ton Of beets for the last five years
330.67 pounds per ton. this reduction
viii amount to % cents per bag Of SUI
gar Of 100 pounds.
"A new scale of prices has been
adopted in Colorado. and the giving
of wet pulp to the farmers Of 20 per
cent Of their beat tonnage has been
discontinued
These changes are estimated, With
the normal average Of beets, to amount
to about IS cents per bag reduction
In the cost Of sugar
In Nebraska no change has been
made, and none seems practicable, and |
with q prospect Of the continuation Of
the present sugar market, that fac-|
Tory should Be closed after the nsxtI
campaign.
OF the cost to produce beet sugar
heets II the field amount to 62.78 per
cent. and plus transportation to the
factory. SIS per cent, makes total
cost Of beets, 67.34 per cent; agricul.
tirai snpefintendence. Al per cent;
factory labor, ! 56 per cent; supplies.
etc, 20.6g per cent; total Of 100. per
cent
+ Is doubtful II the cost Of fhess
items can be reduced unless possibly
that Of beets, but d further reduction
ii their cost Is improbable unless az
IIcpltnrel labor and Iand values De.
cline.
Kansas city. No (By Night Te|e.
graph Nay Il 1914 California.
Hawaiian cane graduated not ad1anc.
ed from 390c New Orleans basis.
Western beet graduated hot advanced /
from 361c New Orleans basis Trade
buying bea15. These prices win Prob /
. |I@4 ~ & ~ 49, f..5 |..5| = ~,