The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-10-11
NEW CONDITIONS IN RAW SUGAR.

years prices raw sugar resulting from
oveproducon complete change has
has been established from the low ruling sac
pound the market price for supplies centrifugal
96-deg. being duty paid comparing 5-I6c
Jan 21st, which the low point of the year.
The Brussels agreement, which effect Sept 1903
has been the important bringing
conditions existing in the world will be
countries that parties this agreement only
discontinue the bounty beet but the Continental
sugar sold for home
SUMPTION making practically luxury to the masses materially
lowered these thus considerably reducing the of
to the and thereby creating
in demand
Turning the production of European beet sugar
crop 1oo1o2
when the outturn amounted 66o56
ing unfavorabe conditions production
2167 and the being marketed during the
which the first after the bounty pro-
misses be 8oooo The beet growing Europe
and which begins market after Oct est
mated, will be the smallest years past
ing the accepted figures the compared with
last showed decrease of about which would nd
growing conditions being the year.
production OF about During the
however climatic conditions particularly in Germany and Austria
have been unavorable drought being from
two countries Cable information received from Mr. LIGHT the
eadn Dee sugar statstelan OF Europe SAID that the damage
done thus far by the drought Germany per
ana IN lua 70 IS per cent winch IT calculated means an
additional decrease the production OF these two countries OF
indicated total decrease the production of the
600 TONS which is figured that there will be European
beet OF only about be marketed dur
ing the season of 19o4-o5.
figures show to what extent the production of
beet has decreased although the influence the market
OF the beng
condition. the will pass consumption until the
coming Increasing consumption Europe the other
factor which having important bearing the restoration of
healthy situation in the world As previously pointed out
through the reduction of sugar the
Continental
quent there has been the of the
pal countries OF Europe from Sept when the Brussels
agreement went effect July OF 662ooo
The actual figures period
toned are given with 2oo9So
last The principal have been the three
france Germany and Austriaand they follows
France 5o44I8 tons time last 34o63 Ger
Hungary time last year. 33o786 Not
~ however, does Europe show large increase in the movement
OF consumption there considerable
crease the The
total distribution of the United States shows
increase OF 2I the period last and for the
year 1t is estimated that the will fully
TONS which, with the Europe calculated
VIII give total in the takngs for the
current season OF Approximately Another factor
duction by Cuba than originally expected Earlier the
son the belief OF the majority that Cuba would produce
crop OF about These however will
not De realized by about being evident that the
OF the island for the will be about the
as last year
Values for beet basis above the parity OF
cane sugar therefore probable that American ehners
least Tor the present will endeavor purchase additional
Ps OF beet sugar which thus far variousy estimated from
been received at the Atlantic and about New
orleans Owing to the high of refner have
been eer buyers the offerings OF Java and Cuba
up 10 the equivalent OF ISc duty paid for supplies
vard.-Finance and Trade