The Hawaiian Planters' Monthly
THE HAWAIIAN PLANTERS' MONTHLY PUBLISHED FOR 'fHE HA WAIIAN SUGAR PLANTERS' ASSOCIATION. Vol. XVIl.] HONOLULU, .J ULY 1il, 1899. [No.7 The cane and beet sugar crops of the world for the year ending June 30, 1899, are stated by Willett & Gray to have been 7,917,201 tons, of which 4,930,000 tons wert beet sugar and 2,987,000 tons cane sugar. The total was 133,490 tons greater than in 1897-98. The latest quotation of sugar in New York was 4-i cents for Cuban centrifugals, at which price the market was firm, ,vith small stocks in sight. The indications were that there would be no change from tbis quotation for some time, as grinding in Cuba has ceased, and the shipments from thence are practi<.!ally ended for this year. The Secretary of ,\griculture of the United States Government has asked the Director of our Experimental Station to prepare a statement concerning the scientific agricultural work being done here, and to forward samples of soili=:, etc., to be included in the Exhibition of the United States Government at the Paris Expo sition in 1900. Notwithstanding the cut-throat competition between the sugar refiners in the UnitC'd States, the net profit on every pound of refined sugar is stated to be at present three-sixteenths of one cent. On that basis a 4000-barrel refillery can Hecure a daily profit of $800. The elder Havemeyer once said that his business would pay on a profit margin of one-sixteenth cent pel' pound. 'i"lw SugHI' 'rrust has paid oyer :jj;100,OOO,OOOin diYidends :,;ill(:e 1887.
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