The Hawaiian gazette., 1917-03-30
Sugar and Plantation News
PROFIT ON REFINED SUGAR NETS THE
COMPANY FOUR AND ONEHALF PER CENT

The annual report Of the American
sagA Ryhning Company was made pub
lie on March IA, showing the sales for
the year 20 have been O,000O0O in
sugars and syrups, which yielded a
manufacturing profit Of four and a half
per cent, 'fthe smallest margin of profit
IN the manufacturing world" says the
report, exclusive of that made by the
Chicago packers. .....
The report Is accompanied by mum
Der Of graphic charts, one showing the
relation between the market quotations
on raw and refined during 1916, one
showing the same for the years 1915.
1916, one comparing the prices for re.
fined in the United States and in foreign
countries for 1916, and the two re.
produced on this page.
The report shows the following:
1.-The small margin made possible by
large volume both of domestic and
foreign business. The turnover is prob
ably the largest ever recorded by
single manufactured food product by
single business unit.
2--As the largest sugar unit of Ameri,
ca demonstrates anew its right to public
credit in safeguarding the American
sugar supply in competition with for
cign governmental commissions so as
20 enable il TO sell sugar for dOmesti"
consumption at prices lower than those
obtairing elsewhere in the world.
3--Interesting table showing the
average price of refined sugar in the
l.. NLn,n
cents pound and less than in Switzer
lani, Canada, United Kingdom, France,
Chile, Holland, Spain, Norway, Italy,
Sweden, Uruguay and the Argentine.
The prices ranging from eight and one
half cents to nine cents a pound in
England and France to twelve cents.
and thirteen cents a pound in Italy and
Argentine. s. E..
1.-THE comparative cheapness of
sugar in America notwithstanding the
fact that the cost of sugar refining is
higher here than ever before and
always higher here than abroad. "
5-Diagram showing the proportion
Of business of the American Sugar Re
timing Company and its competitors,
both cane and beet. In 1894 it had
seventy five per cent, today it has less
than thirty four per cent. In the same
period its cane competitors have nearly
doubled their percentage, and the beet
industry has grown until it has nearly
a quarter of the entire consumption of
America.
6-Diagrams illustrating difference
between the price of raw and refined,
illustrating that the price of refined de-
ponds upon the price of raw material
from which it is made. .... -.
During 1916 the company did an
export business with forty-nine foreign
countries. The statement that the -ex-
cess refining capacity Of the United
States is 80 large that while all the
refners sent abroad over 100000 tons
of refined sugar yet 1,000,0 900 could be
refined annually in the United States
with profit for export, an increased
business which would be beneficial to
the American consumers by giving larg
er volume and more steady manufac-
turing conditions to the domestic re-
fneries. s.g .,E.., All.
s7Interesting details as to the ere
alton of pension fund of $ly250,00O
the sum of nearly $240, 900 having been
paid out in pensions to 3l4 employees
since the plan started in 1912. ,t "
9--The company has nearly 10000
stockholders, one-half of whom are wO-
men, with an average holding Of forty
seven and a half shares,
10-Interesting details showing that
the war lines Of Europe enclose two
thirds of the sugar production of the
Continent, and the equivalent of one
third of the entire Worlds production
before the war started.
l1-DemonstratiOn that America is on
a war basis as to sugar, and that the
local refners are in competition, not
only with each other and with foreign
refners, but also in competition with
governmental commissions serving in
many instances nationalizcd shipping.
12--The establishment of a reserve
Of 100000 for trade mark advertis-
ing. This is the first time that ad.
vertising has been given this recogni.
tion in the balance sheet of a great
industrial corporation. 1t makes the
company pioneer in setting up a re.
serve to secure pemaneney Of an adver.
I tising policy which in tho end will
bring the company closer to the con.
stunning public. II shows reliance
upon merchandising and manufacture.
ing methods as a means of securing
and holding its market. -.
b"