OCR Text |
Show ENORMOUS SUGAR CROP bXPECIED IN HAWAII IP INI '1 PI-1 . T. II , Jan. 10. There are prospects for an enormous sugar crop in Hawaii In 1921 with comparatively compara-tively low prices prevailing, accord-Ling accord-Ling to a review prepared bj the Hawaiian Ha-waiian Trust company and published bj The Honolulu Star Bulletin. According Ac-cording to thi source Hawaiian ; planters will receive an average prii e of not more ihan " cents for nejtl ve.n's prop i u the other hand, MCyt I the review, there are indication I for an unprecedented consumption I of sugar next year, The Hawaiian Ha-waiian plantations arc represented as being on a sound financial basis despite the present depression, but some of them says the review, will .how HUH. If any. profit next season The Hawaiian Trust company's re- uu i v:is that the Crockett Befiner.v in California approximately 9o per j cent of the stoclt of which is owned In Hawaii, has suffered a loss of several ', million dollars this season owing to Inability to dispose of sugar at a price I in keeping with the figure at which , purchases were made Consequently I .the review points out. while many of 'the Hawaiian pianleis seemingly have 'made large profits In 1920 their losses loss-es Incident to the situation of Crock - eit refinery have reduced income oon- siderably; The report adds "We understand that since July 1 I. 1920, the Hawaiian sugar plantatlona, under the contracts have shippod to I the Crockett refinery in the ncighbur- hood of 120 UOO tons of raw sugar. We I i understand also that the carry-over on In rrnibor 31. as now estimated I will be In the neighborhood of 80,-1 : 000 tons." |