The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1918-08-30
sEyEF CENTS IS RRosAsLE pRIeE
Definite Agreement Is Not Yet Reached

Seven cents a pound fob. New York
is to be the price Of sugar for the next
crop according to the best aptheptieat-
ed information that has reached Homo.
lulu. This Is not official for no an
iobhcenDeGt has yet been made but the
authority upon which it is given seems
to be reliable. ~
n Whiis It hal been expected that there
would be full cent advance in the
price Of raw sugar, present Indications
are that it will be slightly less, that
the Insurance costs between Cuba aud
New York will pot be added.
1t Is expected that this will be the
price 6xed but that does not mean,
necessarily that all sugar win receive
that price. The new sugar corporation
will enter into sugar affairs, especially
the prize, next year, il is expected.
While more has been said about what
the corporation will do in regard to
beet sugar prices, its authority applies
equally TO cane. The function Of the
corporation Is to see that producers
whose costs are exceptionally high shall
not be compelled TO operate at a loss.
II has q S5y000,000 capital which Is ex-
pected TO operate something in the way
Of revolving fund. AZ
At present there Is a hitch between
the sugar committees and the Cuban
planters, the difference being half
cent pound. On this subject Facts
About Sugar in its issue of August 10
says; EEA,s u t..'.E ''
No decision a. to the new price to
be fixed for raw sugar of the coming
Cuban crop Of 1850 has yet been
arrived at The conference between
members Of the special Cuban mission
empowered to conduct negotiations in
the matter, ION tie one hand, aud the
ihterhhti0nalN sugar committee and the
sugar equalization board, on the other,
Terminated here today without agfee-
Hent and without setting d date /: for
further discussion. 49, ~ ~ KY -
cubans Hold ont For Full Cent
The Question thus stands at the point
where IL was 1eftjby the ffuitless con-
ference which the Cuban representa-
tfyes and the International sugar com.
inittee helH In New York on July 90,
When ID was found impossible TO adjust
satisfactorily the difference of opinion
existi4g between the two groups rs to
the extent or the. Increase that should
Ebeshlade over the, eSistihg price. The
chief obstacle to an agreenient at to-
days conference, as then, was the fact
that the Cuban Representatives felt
bound 10 hold out for o price of $50
cents o pound, 4. o. b. Cuba, or an ad-
vance of full cent over the price for
the l9f7-I8 crop, as the lowest which
would permit Of a fair return to the
Cuban producer. +t,' :"
= Reports offthe proceedings at today's
conference say that the members of the
Cuban mission stated that their gov,
eminent felt II necessary to ask for this
price as a minimum figure, and that in
support Of this position they submitted
further figures as to production and
operating costs in Cuba to reinforce
those adduced at the New York confer
enee. ID
Half Cent Increase offered
The sugar equalization board and
the international sugar committee, on
the other hand, were unwilling to grant
an increase beyond $40 cents, which
they had previously offered and which
represents an increase of half n cent
a pound.
The failure Of the conference to
reach ap adjustment and 80 dispose of
the uncertainty which is unfavorably
affecting the situation in the Cuban
industry came as a disappointment, as
II was understood that the diplomatic
Interchange of views which had been
carried on during the week had re
suited in progress toward a basis of
agreement and it WAS generally ex
pected that when the conferees met
offieialIy II would be found possible to
arrive ct n satisfactory arrangement.
As the conference adjourned with
out date, it is presumed mat a resump
ton Of diplomatic exchanges will be the
next step taken in the endeavOr to
reach a. settlement which win be ac
eeptabie TO both parties to the nego-
tiations. ''- "."
= The full membership of the sugar