The Hawaiian gazette., 1917-03-30
SUGAR OUTLOOK
IN THE WAR ZONE
Situation In Germany Gloomy and
In Russia DepIorable,
Says a Review l..

Under an Amsterdam date Of Janu-
airy 81, willett 4 Gray publishes re.
sumo Of European conditions, an ex.
tract from the monthly report on The
sugar trade issued by Hendrix Kofoed,
who says:
Although nothing happened in the
last month in the situation Of the home
market that could alter il to the better,
still after the dull tendency of the first
few days, decided Improvement took
place, as the holders showed little in.
cination to sell at the market prices,
and the little that was offered found
willing buyers. T..
As far as the export is concerned,
nothing definite can be told, although
il is yet too early to get an exact view
Of the total productions. The numbers,
as published in the Staatscourant of
the 18th OF January last, show small
or production than was expected, but
the final total allows an export of thir
ty-five to forty per cent, taking fully
into account the demand for home con.
sumption till the next campaign. In
the latter part of this monsh The off.
cial interference about the export
brought more and more confidence for
the future. 1t is presumed that the
government intends to export all the
sugar available for this purpose
through the medium Of the 'Suikerver-
eeniging,' and the holders are request.
ed to send in a statement Of their stock.
This was the reason why the value of
the article improved from n. 2l15 and
2lA to q. " in the first few weeks to
II. 1914 to II. 24--in the last week.
With, a firm closing of the market, bust
ness was done at n, 23% to Il. 2315.
German Outlook Gloomy .'........
As regards the European beet crop
the reports show a decidedly unfavor,
able character. Although in Germany
ten to twelve per cent more was sown
the bad care of the crop m its first
stage resulted in production of about
1900, 900 tons; SO that the outlook in
that country is far from brilliant, as
the consumption there is largely in
creased. The expectations for l9l7-1s
more unfavorable yet. The numberless
efforts of those interested to push the
maximum prices (see our last monthly
report) had no result until now; sc
that the so much desired extension OF
the crop is not only impossible but the
sowing will even be considerably small.
| or. The shortage, which will be felt
more than ever, cannot be lesseled by
import. E.. .t..'3' ,,.tfg.
Although in Austria. Hungary the
situation is also far from favorable
the stock and the production of that
country win very likely be sufficient
fer the home consumption till the next
campaign. r
Deplorable in Russia
The outlook for l9l7.IS' is not Sc
: hopeful, and as the government has
up until now neglected to again fix. Q
maximum price, nothing can be said
about this crop, although in that coun
try more confidence is put in a proper
regulation of the home market. #-t D..
From Russia little more news il
leaking out, and il seems that Ou'
former CONCENTRATIONS about this cOun
try have not been exaggerated once
| The situation of the article there il
deplOrable. A lack of proper organiza
ton prevented to overcome many diff
culties and the crop will be consider
ably less. Even the expected amount
of 100000 tons will hardly b.
reached.
1t is easy to be seen that under
these circumstances tho increased valu'
of the article all over the world il
more than justified, and in the Easter,
countries everything is done to extenC
the culture of the sugar cane,