SUGAR AND PRICES.

Pukekohe & Waiuku Times, Volume 9, Issue 571, 1 October 1920, Page 3

SUGAR AND PRICES.

FAT DIVIDENDS. "Straws show which way the wind blows," runs an old proverb. To which we would add that dividends show the drift of the sugar; especially sugar in its colloquial sense of money. From a recent issue of the Hawaii Herald we extract the following news item, which shows clearly that the high price of sugar, in the southern hemisphere at least, is caused more by the rapaciousness of the sugar mill proprietaries than by the so-called world shortage of sugar. The message runs: "The directors of Waimanalo sugar plantation have decided to pay a dividend of ten dollars a month per share for the balance of the year, or 50 per cent, for the five montlls. The Hilo Sugar Company has also decided to pay an extra dividend, but the amount has not yet been announced. Th« Oahu Sugar Company will pay 3 per cent, extra dividends in August, October, and December, making 3D per cent, for the year."