The Hawaiian gazette., 1916-01-04

bHN "hNh BhlNNh WNNN AOWNtN DIdtNiChilN
none Of the hundred and odd shiploads
Of sugar that were forwarded from
Island ports reached the market. ''Ha.
waiian luck" always phenomenal, has
stayed with the industry from start to
finish of the twelve months just ended.
The year commenced under the
shadow of free sugar; all felt that each
week up to October was Just that
much nearer the end Each company,
while paying as much as possible to
its shareholders in dividends, was bend.
ing every effort towards getting into a
position where IL could tide over the
anticipated period Of economic depres-
sion, inevitable under free. trade. IL =.
The administration 3 announcement
of its change of policy on free sugar
brought an instant Improvement in the
Hawaiian situation and while the
more conservative Of the agencies are
awaiting the actual enactment of the
laws, a majority have begun TO pay out
their accumulated capital as extra div.
idends. Under free sugar the planta-
tions would have been obliged TO A.
nance themselves over an INDEFINITE pc.
Rod. War prices for sugar during 1915
made this preparation easy, without en-
failing hardship on the shareholders.
The menace of free sugar compelled
economies in all branches of produc-
ton, and hence profits were larger than
in any previous year. The crop itself
far exceeded any that had been harvest
ed in these Islands, finally reaching the
total of 646,445 short tons and yielding
profits Of approximately $27, 900, 900.
One result has been to take all the
weaker plantations out of danger and
start them well on the way towards a
dividend basis for future operations,
Reviewing the year in detail, on Jan
uary /, 1915, raw sugar sold in the
New York market at 4.07 cents, or
ss1.40 per ton. A week later, January
s, the delayed Cuban Harvest was said
to be the cause of sustained prices.
There was a shortage of sugar bags,
and some plantations were using grain
and bran bags with a cotton lining.
On The Advertiser 3 next "Sugar
Day." January ID, thirty-fve mills
were grinding, Sugar was 4.045. All
plantations were beginning to lay aside
a banking balance to tide over I" free
sugar" Renton Hind secured a pat
ent on the Hind Renton growing for
mill rollers. Waianae was Dragging
about half an inch or so of rain; and
Alexander 4 Baldwin had secured the
services of s. s. Peck of the expert.
ment station as auditing chemist" for
al their plantations. 1-
January 20-Raw sugar 3.95. Louisi.
ana twisting the tail of the Sugar
Trust; drought in Java. John FassOth
bought Kipahulu plantation. p. -
January 27--Raw sugar 4.0S5. 8. 8.
Washingtonian sunk approaching Del.
aware Breakwater and her full cargo
of Hawaiian sugars automatically sold
o the insurance companies after sweet
ming Chesapeake Bay. The Sugar
Factors had forwarded 1896 tons new
crop sugars to date. " e 49,, .. ~ .is.|
February 3-Raw sugar 4.265. Thir-
ty-eight mills grinding. The, 1914 do
nestle beet crop estimated 200,0 900 tons
short; this and Cuban weather blamed
for the rise. ..r. -
February l0-Raw sugar 1855. Ari-
conan landed her cargo in New York,
At an increased valuation of $3.50
gained in transit Insurance paid on
WashingtOnian cargo. w. M. Alexan.
Ter inspects the Searby shredder at Pu-i i
unene. 49,.
February 17-Raw sugar 4.5l5; one
week later ALL -
March 3-Raw sugar 4.64. Alexan-
der Baldwin announce that McBryde
will pay its first dividend. Sugar Fac
tors have shipped 10000 tons.
March 1O-Raw sugar AIT. Maui
Agricultural orders a new quadruple eff.
feet evaporator from Cation, Neill &
Company, the Honolulu firm having
lnderbid all competitors. Work on the
Hilo breakwater resumed after long
conversational period. Kau complains
Of dry weather. At New York buying
IS "hand to mouth
March l7-Raw sugar 4.S3. Good
weather everywhere, undoubtedly due
to st. Patrick. Strong buying Of raws
at New York.
March 24-Raw sugar 4.S9. Virgin.
an due at New York with a million:
dollar cargo. Strikes on the planta-
siops in Porto Rico. Jorgen Jorgensen,
tter denying that he intended to do
so, taps ten milliOn-gallon flow in the !
south end Of the Waiahole tunnel. i
March 3l-Raw sugar 4.86. WilIett |
q Gray call it "a gambler s market, -
and the British buy refined. Kohala |
plantation has an accident and shuts |
down its mill Ten thousand tons of |
Waianae sand go to sweeten Hilo cane
fields. Eva and Waialua two.fifths
pau. The weather is hot and dry ev.
erywhere, and there are forest fires at |
Olaa.
April Raw sugar AT. More than |
a third of the crop has been shipped. |
Maui Agricultural brokesthe Hawaiian |
record for March, with 1924 tons, Two
sugar cargOes arrive and fetch $i,362,. |
900. New York bankers say, "War |
eannot last beyond July"
April 14-Raw sugar AGA. Texan |
gets to New York via Panama in 26 |
days. Trade winds bring first summer
rains and juices are richer.
April 2l-Raw sugar 4.S85. Oahu |
completes its siphons. Some planta-
tions out of bags again. Rains fill Ka.
uai bitches. Half the Cuban crop has |
been harvested. Prinsen ,Geerligs saws,
War has ended the Brussels Conven,
ton"
April 2S-Raw sugar 464. Maka-
we'll orders a Searby shredder. 1.-THE |
world 3 sugar surplus is disappearing, -
brokers say.