The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-08-28
Explains at Length.

Explains at LenBsh.
The foregoing explanation Of the
rise in the sugar prices is in line with
one Of greater length which appeared
August 10 in Facts About Sugar. That
publication : article says:
The outbreak of war In Europe has
resulted in sharp advance in sugar
prices. On July 80, the lowest net
cash quotation Of the New York re-
finers for graduated sugar was 4,l65
cents pound while raw sugar was
selling at 800 cents. BY August 10
refined had advanced to six cents and
raws to Eve cents.
Germany, Austria, Russia and
France, the nations actively engaged
in conflict, are the chief sources Of
Europe $ sugar supply, producing to-
gether some 100000 tons Of beet SUI
gar. This is nearly eighty per cent
OF the entire output of beet sugar and
more than one-third Of the total sugar
crop Of the world. Ordinarily Ger.
many, Austria and Russia export a
million tons or more of sugar TO other
countries, largely to Great Britain.
TIT largest production and the largest
expectation is that Of Germany. The
harvesting Of the German beet crop is
carried on largely by laborers from
Russian Poland, and this labor win not
be available il the war continues dur
ing the harvesting period. In all the
countries involved in the war the la
bor supply Is drained by military oper-
atoms, and II Is likely that the beet
fields may be devastated by the move
ment Of troops.
Great Britain chief Importer
Great Britain is the chief sugar inn
porting country Of Europe. Her year,
" importations are over a million
tons year, of which approximately
100000 tons ordinarily is drawn from
nations now involved in war. With
this source of supply cut of, Great
Britain has turned TO the New York
market to secure sugar, buying 10000
tons within the first few days Of Aug
ust and bidding up prices rapidly in
order to obtain it.
While the European war continues II
will lie necessary for the Britens TO de.
pend for sugar upon sources Of supply
on which usually they do not draw TO
any extent II Is evident from what
has occurred already that they are like
w TO continue in sharp competition for
Cuban sugar, which ordinarily comes TO
the American market. .0
The supply Of Cuban and American
grown sugar in sight at the end OF
July was jnst about sufficient to meet
the estimated demands of American
consumption up to the time when the
crops now growing will become avail
able. ANY considerable outside draft
upon this supply, therefore, was bound
TO show its effect at once in advancing
prices 81. r., =. -.
Fortunately for the United States, in
spite OF the curtailment of production
in the cane aud beet growing districts
due TO the reduction OF the tariff, VIC
still have a domestic production OF
sugar, including that of Porto Rico and
Hawaii which should amount TO over
one and half million tons this year
win Steady Market,
This win serve as a great steadieI
OF the market In case OF protraeted
war and will prevent prices from going
as high as they otherwise would, al
though the necessity Of securing over
two million tons from outside the
United States, In addition to the do
nestle supply, will leave the American
market under the influence Of the gen
eral advance in world prices.
One of the arguments that has been
pus forward against the destruction Of
The American sugar growing industry
through the removal of the import duty
on sugar is that it would expose Ameri
can CONSUMERS to all the violent fuetua
tions that take place in the European
sugar market us result of war, speech
alton or crop shortages, The present
situation affords a striking illustration
Of the truth of this claim. If the
United States were to produce all tht
sugar required by its own people, Al
might easily be done by the systematic
development Of its cane and beet grow
ing industries, the American people
would be entirely independent of the
rest OF the world for their sugar supply
ARE YOU GOING ON A JOURNEY
Chamberlain 5 Collie, Cholera and
Diarrhoea Remedy should be packed h
your hand,luggage when going on 4
Journey. Change Of water, diet, and
temperature all tend to produce bowel