The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-01-26
Forecasts Are Favorable For
Another Prosperous Year

Favorable forecasts of the sugar sit
uation for 1917 are given in every
quarter, and a symposium of the views
of experts shows the expectation of an
other favorable year. The optimistic
outlook is evident in every locality, and
prevails despite the conditions that
would ordinarily indicate a lean year
and in face of probable peace and the
end of "war prices" - &C..
Facts About Sugar, from which the
following quotations are copied, sums
up the situation in sucCinct manner
thus: ) ."
Looking forward to 1917, the gen.
eral expectation among careful stu
dents of the sugar situation is that
while prices may not maintLin the high
level of last year, they still will be
sufficient to yield very satisfactory re-
suits, granted a reasonably Favorable
growing season.
.Itocks At Lowest Ebb
- Estimates of domestic crops now
under way point to marked increase
in production. H.. :
The severe measure of regulation
which both the belligcrent and neutral
nations of Europe have adopted in the
effort 20 cut down the consumption Of
sugar, taken in connection with the in
creased absorption of tonnage in the
immediate demands Of the war, are ex.
pected to case the demand from this
quarter.
ION the other hand, sugar stocks
throughout the world ore ut the lowest
ebb IN modern sugar history, and
should peace be declared during the
year there would very likely be very
strong buying movement from Euro.
peah nations to relieve existing short
ages which could not fail to be re-.
hected on the trend of prices in the
American market"
Refners Point OF View
From the refners' point Of view. an
Official of the American Sugar Refining
company, discussing the two sharp adj,
Nanees IN the prices of refined and raw
sugar in the early spring and late fall
OF 1916, is quoted as follows by Facts
About Sugar:
"Ihe strong advance in the spring
was caused by heavy purchases of raw
sugar from Cuba by foreign govern
mentS, as well as refined sugar for ex
port, at time when refHers in the
: mtcd States were seeking raw sugar
to supply an unusually strong demand
OF 10" domestic trade, ..
INC advance in the autumn was
caused by I'll" country running out Of
sugar and seeking to replenish it's sun.
IIl'S at season OF the year v hen il
expected t" receive the full benefit of
the bc't crop, which was delayed. and
Va addition, difficult TO obtain hy reason
u the serious car shortages in the beet
producing territories.
Heavy Export Trade Seen
" The year lDl7 has approached with
statistical reports of the largest Cuban
crop or sugar on record, il being
claimed that it will exceed that Of tLr
s " PRECIOUS by from 100000 to
- At the same time the crop is evi
identity quite late and there is spriou.
shortage in available vessels for cnrrv.
ing sugar from Cuba TO the Unitcd
oea'es, as Wen as to foreign countries.
|, W '"' "Inef hand, N is anticipatrd
mat there will be a heavy demand for
rNp"rt tins yrar, similar to last year
Put no one can forecast the results of
me efforts of foreign governments 70
'nrtall the consumption of sugar, as an.
pears to be their intention. All rein
prs are much concerned in the large ia.
.teaSe IN cost of refining as well as IF
PACKAGES for distribution.p
Beet Crop shrinkage
., fluctuations only are seen by w. II.
F'agar in event Of peace in Europc
!, no, as president of the Colonial Sugar
company, is quoted as follows in a des.
patch from Detroit, Michigan. com.
nr9ting on the reported beet crop 5
The 1916 beet campaign produced
lardiy more than half crop in both
!hio and Michigan. 1t now DEVELOPS
nat earlier Western estimates were
$50 too high. The total United States
beet crop will probably show a shrink
'ge somewhere around 10000 tons, in,