PRINCIPLISS .

The f o l l o x i n g Key t o Sugar Future Values is based uson the o b s e m d

a o t i o n o f the _clanets upon one a n o t h e r in respect t o the 3arth as

the c o m n center of suoh interaotion. The p l a c e s of planets a r e such

as are iound in the c u r r e n t Ephecleris f c r tke p a r under survey.
THE SUGAR IIRADE.

The sugar t r a d e i s d i v i d e d pr-ily i n f o tr;o s e o t i o n s F n d i c a t e d by

t h e s o r t of s u g a r d e a l t in. Various d e s o r i p t i o n s of cane sugar are -a

be f o d h the ano:ent o l a s s i c s o f t n e East and fiddle East, and s>.c

tiiat the indusvrf . m s in ~ ' u l l sKinE; man;. c e n b r i e s before it c a m to

be k m 4 n as an a r t i c l e of c a m e r o e iu tize 'iTesz. Ln ki-m a n Si?alstra

of h d i a there a r e f r e q u e n t references to the use o f sugar. PrFmarily,

i t was indigenous to India, Coohin China and the Knlny b h e p a l a g o ,

and i s fb und more or l e s s w3dely d i s t r i b u t e d throughout the Tropios

and sub-tropioal o o u n t r i e s , warmth and moisture being tbe essential

o o n d i t i o n s for s u g a r produotion, it w a s found t h a t i d e a l oanditions

e x i s t e d in the Heat Indies, Cuba and B r i t i a h G u l n . n l , where it has

been extensively o u l t i v a t e d . So f a r u Europoan p r o d u o t i o n i s caacrm-

ed, sugar appears t o have been first imported to Cyprus (A. D. 1420)

and t k n c e was carried Madiera, t h e Canary I s l a n d s , Brazil, b a r

badoee, and so spread tkroilghout central and south Anerican ad the

west Indfes.

v a r i e t i e s b e s t jmcrxn and Fn c0m~3nusa b1'8 Yaple Sugar,

Palm Sugar and C a n e Sugar. The l a t t e r is the mcst c o n s i d e r a b l e Fndust-

ry uid c o n t r o l s t h e c h i e f i z a r k e ~ s . 0p b eend of tne 1 5 t h c e n t u r j

i: m a Lk.0 s t a ~ l eh r t i c l e .
 -2-

CAm sum
This a r t i c l e i s under the d i r e c t iufluence of ~ : : e ; l a n e t %rs,
It i s desoribed as tlie .Indian iioney-bearing ,Pcedn by Strabe XIJ 1.20,

and t h i s is rerimps the f i r s t s l a s s i c a l referelice -a t i l e a r t i c l e in

t!ie h e s t . A s a c o n s t i t t i e n t o f Zdod i t r e i . r e s e n t s ti.le i d e a l :.eat-sro-
ducing e l e x n t , anri t;;us i s c o ; r e c t l y a s c r i b e l t, ;l-t

But ~ i l i l et::e nrL:icle i t s e l l ' i s c o n t r o l l e d fron Yars, i t s e*x-nal

q u a l i t i e s ane i.:s narket v a l w i s c o n t r o l l e d b;r Venus. Thus the ASC-

end='- being b Aries it i s u d c r t i w doninion ol' h r s , but tb U

-.
nouse de';erAes i t s -ialue, and '&is i s d e d 57 'iaurus, the &gp or

Venus. This ex=-Ll;- ansvers ..

-13 ha..n q u l l l i e s if 3.e L-=icle, 'far

. : . ~ i l a ii, is i c s e l t ' a great organia o i l a r i o , it s ex'brnal mixre is

dulcent, m e l l i = n t and sweetly soothing.

Therefore in t r a o i n g the market h Cane sugar m have to d e t e r

mine t h e plmnihdo o r scamity o f s u p p l i e s by t h e p o s i t i a n sad ss-
p e c t s of btars, but 5n t r a o i n g t h e narke* i u o t u a t i o n s ,of price EB have

t o f d l m r the p r t u r b a t i o n s of Venus.

The Frdustry shows a v a r i e t y of v a l u e s attaching t o the c m s ,

m o o r d i n g t o their sugsr-bearing p r o p e r t i e s . Thus oaxles y i e l d i n g 6 $

sugar (mixed qualities) ooxmmnds 6/8 per ton, .those y i e l d i n g 7

b b g valued a t 7/9 per ton, .pd those fle1din.g 1 5 > Petohing l 0 /
per ton, h a E n g l i s h noaey. O f e w r y 1000 tons of c a m s orushed, some

622 tons is evaporated, t h e r e s u l t a n t massouit klng about 126 tone,

the sugsr yield being about 1GO tons. The value of t h e y i e l d in nor-

m a l t h s ma about L d p e r ton.

3EET S U W

The i n d u s t r y i n t h i s a f i i o l e arose in G e m m a y from the oxperl-

m&s of W g g r a f f of 3erli.n. He i r e a t e d the juice o f b e e t r o o t xith

d o o h 0 1 snd e x t r n o - d 6.2 ;, o f sugar from tho M'A bo~t;, d 4 . 5 ;;

Tram tho red b e e t .
 -3-

~ h oi n d u s t r y soon bnaamo very exhnsiv-a and w r s o a r r i s d to

France whero i d e a l s o i l c o n d i t i o n s a v a i h b l e . d u t f o r a oon-

s i d e r a b l e time Germany produoed 12.79 5 o f beet sugar t o Franoeba

11.6 7, I n t e n s i w o u l t u r e of b e e t under Lord Donbigh o n h i e e s t a t s

a t Solmhanr Paddox, produced 15.5 $ of s u g a r juice fmm a o m p of

b e e t amraghg 25.5 tons t o i k e aore. Those surprising results m m

r e a c h e d i n theyear 1910. Ln g e n o r a l i t ma;/ be said that one ",of

b e e t r o o t i s e q u i h l e n t oi' one ton of c a n e s ,

S e e t sugar now l a r g e l y s u ? p l a n t s the cane sugar on the viorld's

markets and i s i n a r e a s i n g l y in denaod, as t h e foll3PrLng f i g u r e s ;rill

show.
THg WORLD' S TRADE
Ln 1840 the total 710rldt s supply -ms 1 m i l l i o n tone, of rhich

50,000 were b e e t sugar, the a w r a g e p r i c e being 4a/- p e r cvt.

In 1850 the t o t a l Rae 1,400,000 tons, o f d d a h 20G,000 mx-e beet
andthm amrage p r i c e per hundredweight was 40/-/

In 1860 t h e t o t a l m s 1,899,000 tone of ~ i o 389,000

h lnre beet,
t h e a v o r a g e prfoe being 35/- p e r art;.

In 1870 tho t o t a l ma 2,416,000 tans, o f r h i o h 831,000 n r e beet,

t b e average p r i o e being 32/- p e r artu

In 1880 tb total t r a d e was 3,659,000 t o n s , o f whioh 1,748,000

were beet, the average price being 20/4 per cwt.
I t r d l l t h u s be seen that t h e w o r l d ' s p r o d & I o n and t r a d e in

s u g a r hns Inoreased e n o r ~ u s l yd u r i n g "hs u o o h s s i v e deoadas o f the

p a s t c e n t u r y , and i s s t i l l i n o r e a s i n g a t t h i s date, But a l s o i t i s

s e e n t h a t in _oroportion as t h e t r a d e in beet sugu i n o r e a s e s , t b o o s t

o r the a r t i o l e d u s k s , a c l e a r proof t h a t b e e t magar i s a s mad-

l l y produoed r s c a m sugar 4 that its w o r r i n g i s oonside r a b l y o h e t p

e r . I t i s e v i d e n t l y i n w a d e d t o replaoe the tredo Fn 0- a o r t r for

rho r a a a o n t h a t i t car? t3 ;roduoed i n teuperato o 1 - h ~ mi d o e r n o t

require s p e o i d o l l m r a t i o oanditions. bn rrtiolo that i r groun,
workad md s o l d on t h e s p o t where ths t r a d e i s gmntezt, i s bound
to ~ s u n aan ascendrnoy o w r a l l o t h e r s o r t s . The follarring f i g -
u r e s Fn relation tx~BEET t r a d e in s u g a r b y the British P o r t s are

in this r e s p e o t very eloquent.

BRITISH REPORTS

TRACKUG THE MARKET

The e q u i p n t f o r this process i s an ephemeris of t h e 2 l e n e t 1 6

p l s o e s f o r the ourrent yew, and t h i s can be o b t a i n e d fram my pub-

l i s h e r s , Llessra Foulsham and Co. L t d through asy a g e n t o r b o o k s e l l e r .

Note t h e p o s i t i o n and aspeo b of ths p l a n e t W s through any month

and y o u w i l l f b x l that it resoonds t o the market r e p o r t s u t
a the
supply of sugu.
When Y u s i s b a d l y aspeoted tb a r t i o l e w i l l ahow a o o r r e s p o n d i n g

s o a r a i t y . The p l a n e t a s p e o t i n g it a t the tinm w i l l gennerilly ipdi-

gate t h e c a u s e of t h e r e s t r i o t i o n . Thus Saturn Fn square o r oppos-

i t i o n to Y u s will rhorr bad orop r e p o r t s . J u p i h r in bad n p o t
generally man3 that spe0~1atC)r~
haw g o t t h e supplies in hand. l i e p
tune s i d l i a r l y Fn a s p o t to b r a s h m -6, o l i q u s s and t r u s t s in
operation, o r a "cornern i s formed Fn t h e artiolo. Uranus in bad aa-
p o t r e s t r i o t s o p e r a t i o n s o f dealera t h r o u g h Governrent buying o r

o o n t r o l , o r same o t h e r a o t i o n of the a u t h o r i t b s a t the p o r t s o r t h e

faotorier. S u p p l i e s open o u t w b n W s r e ~ o h e ri t a e p b l i o n in the

e a r l y d e g r e e s of Virgo, and o o r m s p b d i n g l y are r e s t r i o t o d when in

p r i h e l i o n Fn Plsoes. Abnormal conditions may of aourse m o d i f y t h e s e

rules.

Good a s p o t a o f t.b maJor p l a n e t s to Mars in tho e p b a m r i s show

etuy s u ~ p l i e s , tim o m t r o l l h q oonditiona being &liar to tnoae

a l r o u l y r e o i t e d in oonnsotion x i t h the nature of t h e p l a t in

arpeot to Yare.
!UUQ?T PRICES
Mnrket p r i c e s or' tiae a r t i o l e are c o n t r o l l e d by tbe p e r t u r b a t i o n s

and a f f e o t i o n s of t h e p l a n e t V e ~ s m'ilkis p l a n e t i s strollg in.the s i p s

Taurus, Canoor, Libra and Pisces. lllhetr thus p l s o e d and in good a s p e o t

t o any 03 the mjor p l a n e t s , the prioe will r l s e j and a proportion-

ata i n o r e a s e in value will be noted when the p l l n e t i s in any o f

t h e o t h e r signs, and in good a d p o t to major pl.anets.

Tenus i s weak in Aries, Caprioorn, Scorpio d Virgo. Good a s p e o t s

t o Venus will n o t t h e n h w e t k ~ssame value a s if the p l a r r e t were in

a o o q e n i a l s i p , b u t evil a s p e a t s w i l l b v e a more depressing e f f e o t .

3ome n o t o n l y the sign occupiad by Venus, but also 'rhe a s p e c t s

t h r o ~ nto it3 by other p l o n e t s have to be coneidered, and mu estim-

ate made aoooxdlngly.

THE CHART
The ohart o f S u g u should be lald d m day by day throughout any
month o r yew. The aspeukr to Yars s h o u l d be noted and set against
t h e day of the month on which they ocour. This forms the base liae

of supply and greatly i n f l u e n o e s the mrkot.

The ~ p e o t so f Venus should than be aimiliarly n o h d and s e t

dmrn a p h s t the d a t e o f their forrmtion, any ohange of a i g n t h a t may

ooour in the course of the chart be- also indicated.

P w m b s e 4x0 lines of influences a curve o m be s e t o u t 7:kich

i n d i o a t e s the r i s e and f a l l of tbe a r t i o l e on t b e market,

Venus i s In e p h e l i o n i n L i b r a 10 degxwes ard in perFholian Fn

dries 10.

A boom on th m a r h t i s caused by a a u o o e s s i o n o f good aspeota

to *
9 p l a m t vanus, .Aithout l n t e r v o n i q b d aspect to b r e d thr

3erial.
 -6-

cwm
A ahango f r c m up ta d m o r the r e v e r s e i s ua\lilly i n d i o a t e d by
Venus c o m i q into oonjunation w i t h the hn, b u t the more sure In-

dioatiozl i s a ohnnge i n cne n a t u r e of t h e ephemeral r s p e o t s t o Venus,

Thus if you f i n u a sucoession o f s e x t i i e s o r trines t o Venus and

t h e n a s e r i e s of baa as;ects or mixed one6, a change takes plaoe wnen

t h e p l a n e t moves from one i;o the o t h e r o f them. This i s c a l l e d a t r a n s -

i t i o n date.

TRABITI06 DdTES
A transition d e b i s &fixed by t- shs d a t e of tbo l a s t good
aspects and the mxt bad aspect to Venus, counting tbe nwnber of days

and d i v i d i n g by two, xhioh, being added to the f i r s t date, g i v e s t h e

d a t e of the t r a n s i t i o n . S i m i l i a r l y a t r a n s i t i o n d a t e w i l l f e l l mid-

way btmeen the l m t bad aspeat and t h e next good om.

bn intend of at l e a s t four days b e t m e n t n o s o r t s o f ~ p e o t s

should be allowed so that Venus may c l e a r t h e l a s t influence by i t s

ephemeral m o t i o n b fore e n t e r i n g rpon t h e nark.

SUPPLY AND D U D
Bring the ~riIULlyoonditions c o n t r o l l F n g any market and tinose

vrhioh determine tb p r i c e o f any a r t i o l e o r product, m h a w o n l y to

liote that in n o d t b s p r i c e s are in i a v a r s e p r o p o r t i o n to the

supply, But t h i s holds good up t o a certain p o i n t only, for supply

o a r n o t o f itself oreate demand. Given peaoeful i n d u s t r i a l c o n d i t i o n s

the world o v e r , the icorld denand in sugar :rill very soon Le s t t i s -

f i o d and any s u r p l u s K i l l -Lend t o reduce the a r k e t price of t h e ar-

t i c l e , War o o n d i t i o n s , cro;, ~ ' a i l u r e s and o t h e r abnornal c o n d i t i o n s ,

nust be d e a l t w i t h aa they a r i s e , and they K i l l i n v a k a b l ; L e r e f l e o t -

ed in .-he s- gar c h a r t . For t h i s r e a s o n PIE nra & l a tO 8~ that S U ~ U

n i l 1 tend t o s t r o n g viavos f r m t h e to tics d ~ r i n gthe m x t ciecade

( l o p a r s ) , f r o m 1 9 2 C t o 1322, and horn 1 9 2 6 to 1 9 3 1 nore a s ~ e o i a l l y

 -7-

t h e e baing m11 d o f h d anrr o f m r l d m r t d i n t a r n a t i o d

w u , j u s t as the period from 1914 to 1918 was Fn its turn, Thaw

are r e f e n d t o r s s r t i f i o i a l f e c l b r r , and are arising kam faotars

outside of the M u s t r y oonoerned, t l m y ham to be sought Tor from

other soumes. T h e best guide to P o l l t i c a l prediotion ard forecast

of mar P e r i o d s i s my key t o Stocks and Share 6 , the se being con-

t r o l l e d f m a p o l i t i o d onuses rather than from naturdl oauser. But

in as nmoh as Sugar is a staple article of food and of great in-

d u s t r i a l value t h e fmt o f i t s c- under "oantrol" by the GOT-

ornnent has tho h a e d i a t e e f f e o t o f suspending all n o d fluatu-

ations.
In o t h e r r e s p c t a and in n o m a l time3 t h i s key .frillbe formd of
great v a l ~t o the d e a l e r in buying o r selling forward.
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