Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-05-28
WILLETT 8 GRAYS JOURNAL IN
Comment ON SUGAR SITUATION

, er relatively than the raw sugar yal
ues. There is some improvement In
this respect noticeable under the new
duty. ..s# H.
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
the resembling Of the free duty clause
in the tariff. to take effect May /.
1916. 49,. H. ss ---.
Atlantic port receipts for the, week
were small. 1850 tons. and less than
MEETINGS, so that stocks decreased TO-
140 tons. ..-.,.E .-.-.....~.
At the close the market is strong,
with holders generally asking 2Ac c.
& (. .t3.26c) for May shipment, with
a few small lots probably obtainabie
at 2 7-32c c. & f.sl3.23cl. A sale Is
reported to outports at ? 7-S2e C. & f.
(3.23c). - ~. u
Annual Report American Beet Su.
gar Company, observation-disclosures
are extracts from the annual, report of
directors. dated New York. April 80,
1914, for the fiscal year ended March
81, 1914: ~, - =
: Income Statement: Receipts. S..
ZIG, 1878, expenses $7,566,269. OS,
earnings S644, 105.65; preferred diyf-
dends $500, 900, appropriations for i'm.
.provements $780,, 0S0.33: total $4g2..
US0.SS; surplus applied to working
capital $I52,074.32.
The capacity of Oxnard and Chino
and Rocky Ford has been increased.
respectively, from 1000 tons of beets
per day to 5000 tons per day; from
100 to 800 tons; and from 1000 to 1900
tons. - s.e...-.-# (
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,S12,262 bags of sugar, an in
crease over 1913 of 1919 bags.
There were brought over from the
last campaign 523, 2S3 bags of sugar.
compared with 134,265 bags from 1911.
IL. s. e
There were sold during this year
1,S23,s01 bags. as. against 1,270, los
bags last year, and there are carried
over into the next campaign 511. 644
bags. AZ -. r.
Beets In California were inferior in
sugar content and purity to those Of
last year, and yielded but $3.50
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 1871
pounds average the previous three
years, il
The cost Of sugar sold, including
freight and all other selling expenses,
has been SAILS per 100 pounds, CON-
pared with $4.28 last year, and the
net earnings, including sales of pulp
and miscellaneous products, have been
80 cents per bag of 100 pounds, COM
pared with 1912:1913 profit Of SO cents
per bag. The factory cost averaged
SIS.
Beet acreage for 1914f915. -Thers|
Is q. falling off compared with that con-
tracted last year Of 1856 per cent.
Part Of this decline Is due to the com.
pany's refusal to contract for some
lands which produced inferior beats
last year and part of 1t because of the
dissatisfaction of some growers with
the reduced price to be paid for beets.
Earnest effort was made by soma OF
the beet growers associations to get
all farmers to refuse the new prices,
but their Ineager success indicates
that all dissatisfaction will disappear
by another year. ~ ~. Il
In California the price to be paid is
IS cents per ton less than! that paid
last year, but on the same basis as
paid in 1911-12 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
will amount to % cents per bag of SUI
gar of 198 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 beet tonnage has been
These changes are estimated, with |
the normal average of beets, to amount |
to about 35 cents per bag reduction
IN the cost of sugar. 4
In Nebraska no change has been |
made, and none seems practicable, and
with a prospect Of the continuation of |
the present sugar market. that fac
Tory should be Iflosed after the next
campaign.
OF the cost zee beet sugar
oeets in the fig . 62.7S per