The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-11-13

IL may seem somewhat selhsh to
consider tho whole situation from one 3
own personal point Of view, but sueh
consideration is inevitable, but Of
course may be modified by the coiiat.
cral interests Of the state and nation.
The sugar world since the outbreak of
the present war In Europe has been
very seriously disturbed, first by the
Sudden advances in sugar, which we're
thoroughly justiscd, based upon the
prospective loss Of very large frac-
ton. Of the European crop, but which
were eut short by the edict Of the Eng
lish government that white sugars in
England should not sell at over ~
cents per pound. This order, or regu
lation, pafalyzed the sugar markets Of
the cane sugar world for the time be-
ing and gave the English government
the opportunity 20 commander all of
the sugars OF its various colonies, sub
! iect, Of course, 10 subsequent changes,
and enabled the government also to
purchase extensively of Cuban and
some othor West Indian sugars, and
also of Jaya sugars, thus practically
guaranteeing TO the English people a
nil supply Of sugar until the summer
Of 1915, says the Louisiana Planter and
Sugar Manufacturer.
/, DR.. II. c. Prinsen Geerligs, our Am
sterdam correspondent, in his letter Of
October (appearing in Rhc Adver-
tsor yesterday) gives the latest view
lof the sugar industry from the war
Point of view, and the latest view of
one thoroughly conversant with the SUI
gar resources o., the entire world. II
viii be seen by this letter that while
recently he was somewhat optimistic
q, to the success Of the practically
complete harvesting of Germany's beet
sugar crop, and Of most Of the other
] Europesn beet sugar crops, now, find.
ing as he does, the war being seriously
prolonged and probably TO continue for
many months to come, he finds that n
will be almost impossible successfully
80 harvest the beet crops, and imPossi'
lie successfully to manufacture the
teets into sugar without very con.
siderable loss as compared with normal
! results. t ... ..,.t
May Place Beets In Silo d.. e..
Doctor Geerhgs COOS so far as ia
think that perhaps France and Bel
ghim may have to import some sugar
. for their own use during 1915. The
i Scandinavian countries of Europe VIII
pr9Dably produce their normal crops
as will also Holland, but the Russian
crop must be seriously iRterfered with
, Doctor Geerligs indicates that orders
for placing beets in silo have already
been given with a view of preserving
them against damage by cold weather
, later on. During recent years, under
careful chemical control, now genera
in modern sugar manufacture, it has
been found in Europe that while the
beets could be successfully worked intt
sugar up TO March and April of the fol
lowing year, at the same time there
was constant deterioration, and that
the best plan and the most economical
plan was to work the beets into sugar
az quickly as nossible after their har
i vest. Nat.f eai4, = a.
! These dala would indicate that W.
shall have an Inadequate supply Of su
gar for 1915 and, that prices must ne
4 ,sssaiily fvir comparatively high. Oh
course the rrolonged duration or tn
carly termination Of the war woul(
have quite a determining effect in al
this matter, but much Of the harm Il
the beet crop has. already been done
abd much harm 70 Abe future Of thu
beet crop is the necessary sequence o.
the war conditions that are now pro
yailing and that we may expect TO pre-
vail during the months 10 come,
Cause Of Collapse @E.
With all these data we arc then le,
4 TO inquire as to why IL is that sucl
i a sudden collapse has comet Through
out the entire country the sugar trad
\ IL reported as extremely dull We ma!
answer this question In degree b,
making some comparisons with tn
past. We know that in d general wa!
there is a. good beet sagar crop nov
IN course of production IN our Western
skates II is expected that this crol
will reach 100000 OF 100000 long tons
White granulated sugar Is produced a
\ once from the beets and this sugar j
forthwith. The producers of much o
this sugar, are disposed to sell it a
rapidly as produced, and much of ]
was sold under, contract ut 4.l0 befOr
the war. Other strong corporations, o.
the other hand are disposed to hol
their sugar for sale later on, whe
there shall be no plethora of sugar OF
fering in the markets.. Apart fror
this prospective supply now being Oh
cred there comes the fact that wit
! the first war news from Europe, buyer
81 sugar. lleenly AliNe 20 the situatioI
all bought sugars with great freedom
In fact, an active speculation in 81
gars occurred, not only in those dealin
ia sugars regularly, but among outsic
ers, who bought sugar on speculation
feeling sure of profits later on. Thes
large purchases came on the market d
lonee, as soon as the edge was of |