The Hawaiian gazette., 1916-04-14
WARNER
ON SUGAR Prices
He Thinks High Values win Con-
tinue Three Years After
War Ends
Because Consumers Want Staple
and No One Has More
To Sell O

Sugar prices will be higher before
crs and traders. The San Franc SEQ
Chronicle of March 90 quotes c., NJ.
Warner, New York sugar refner and
one of the best known men in this
branch of American industry, to that
effect. Mr. Warner was a recent visitor
at San Fam isco in company with other
New Workers. who @ iute ested In the
sugar business, and gave out a signed
statement cmbodying his views, as fol.
lows N
"Ou account of the unusual d mand
tor sugar that has prevailed since last
fall the beet sugar factories Of the
Uri ed States, and, p lrt.cularly, OF Cal
tfornia, have very little Of the last
crop st u en- hand; in fact, none at all.
The increasing price of sugar is, in my
opinion, dine absolutely to the law Of
supply and demand. The Island of
a. with its three and quarter m !
lion ton crop, is today practically sup
PLYING the world IL mand. "a. ~
IAN Euronean nations AMI some Of
the South American republiss ere an
for some tine past have been drawing
in the New York market fpf very
hea' y PmOunts Of IA acd sugars. AMI
England has been drawing very heavily
on the raw supplies in Cuba. These
countries, heretofore, WEI 0 supplied with
European beet sugar and sugar made
from raw cane produced in Java and
other parts of the yNorId
Europe Not Making Sugar 1911" ~.
''Sinee the war began large part of
the beet Acids Of Europe have been ds-
stroyed, and the people who were ,en.
gaoed in making beet sugar, on the
fields TINT were ieft have been called
to ans by the respective governments;
so that source of supply has been elimi-
mated. - ~ a., .S& !, ~
"On account of the lack Of tonnage,
freight rates ON sugar from Java to the
United Kingdom have reached 200 fhill-
ings, which rate would be prohititive
even II the tonnage were available 70
carry the cron. which IL is not. Freight
rates from Cuba TO the United States
have increased fourfold, from twelve
and half cents per 100 ponnds in ner-
NAL times TO fifty aud ffty-fve cents ut
present. This naturally increases the
cost of raw sugar in New York.
Tonnage Short, Demand Long
Tonnage is even so scarce in this
t"ade that the Cuban planter is today
loading ears of sugar in Cuba, ferrying
the ears on ear floats across a stretch
of ocean from Havana to the terminus
of the Flagler Railroad on the Flor.da
keys. and thence by rail to Philadelphia
and New York. .E
$50 great is the demand for sugar,
on account of the heavy export bust
moss and the unusual dcm"stic call. that
II is difficult to get sufficient raw sugar
to New York to keep the refne-irs il
operation. Some refners, like myself,
are s" heavily 0vrrsold that we have
actually had to withdraw from tho mar
ket and refuse TO take on new business.
High Prices After War
1.-The refner agrees with the con-
sumner i" preferriRg lower pr ces on 81.
gar as his cost of producing is reduced,
consumption increases and his profits
are greater than ON hi Sh, riced raws.
/" II is my opinion that il the war
were to cease tomorrow there would be
temporary recession in price for a
short period and the market VOL
then recover and remain on a genar,
ally high level for two OF three years.
1t will probably take all of that time
for the raw sugar supply of the world
to reach normal again. st