The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-10-11
REVIEW Of RAW
SUGAR SITUATION


draws a lesson against talk of tariff
reduction for the present. 1t is as
| follows:
THE week under review covers an
interesting period, as it evidently
marks the turning point of the crisis
season of short supplies so long con-
trolling the markets.
The European beet crop has be-
| gun to be made into sugar and the
first report from the actual manufac-
turers is that the crop prospects are
improving and Continental sellers are
in the market.
prices of beet sugar for Septem-
Der delivery fluctuated during the
week from lis. Sd. to 1Ss. 3D., and to
lis. Cd. at the close, showing the un-
certain minds of the operators in
beets; while Cane Javas went from
IFS. Cd. to 1Ss. 3d., and steady at the
close. !.'
1.-The reports from the European
beet factories from day to day will
no doubt continue frequent fiuctua-
lions in prices, but the unknown and
guessed at conditions are much less
ened in effect, and it is quite possible
that the fear of extreme high prices,
such as prevailed in 1889 is no longer
necessary. "
Surprising that the rise virtually
eliminated at 19s. for raw beet sugar
in Europe and 5,965c. per pound for
Centrifugals in the United States, it
is of interest to note how the United
States comes out of the rise as COM
pared with Europe. The low season
price for raw beets in Europe was
made on October 20, 1910, at IS. sgd.
f. o. b. Hamburg, and the high price
thus far at 19s. on September 16
1911. The rise was los. 3%d., or say
119 per cent obtained by the raw beet
sugar manufacturers. The CORE
spending rise in the United States
for Centrifugal sugar was from the
low point of the season, 2 Lice. pei
pound C. and f. New York, to the
high point thus far of 4.60c. pei
pound C. and f. September %, 1911
= This rise was 2.54c. per pound c. ant
/ f. lin bond), or say 1913 per CEN
which is the rise the sugar planters
obtained on their latest holdings.
THE refiners of the United King
dom at the low point paid IS. $40
per hundred for beet sugar plus
freight I'D. per hundred and duty Is
1Od. per hundred, say equal to 2.37c
= per pound, and at the high point pait
} los. plus freight and duty, say 4O42c
per pound. rise of 1920. per pound
or 1855 per cent.
t THE American Tafiner at the low
J, point paid 3.42c. per pound, duty paid
!. and at the high point 500 per pound
duty paid, rise of 2.54c. per pound
: or 74.3 per cent.
t THE United Kingdom refiner al
!, the low point sold granulated at 14s
1 Cd. per hundred, and at the high poin
at 24s. Cd. per hundred. The rise was
los 3D., or 2.2c. per pound, say 7Q.i
/. per cent. a-o
J. "The United States refipers at thu
T. low point sold graduated at 4.50c
per pound net, and at the high poin
i; of 6.615c. per pound (not considering
J. exceptional price of 1850. for specia
D delivery, rise of 2115c. per pound
or At per cent.
/, This comparison shows the sew
5, eral advances thus far made in Eu
}. rope and the United States, and es
pecially shows that the United King
e dom consumer paid 70.7 per cent ris
|, against the United States consumer
t. rise of AZ per cent for refined suga
for consumption.
Had the United States been er
4 tirely Independent of worlds price
\ during August to November as the
J would be with a doubling of our pres
ent domestic cane and beet produc
e ton, the percentage of rise in bot
e raws and refined in the United State
would have been much less than 4
;; per cent, while the rise IN the Unite
+ Kingdom would have remained, q
7O.7 per cent. -" '' ~
This year Is an object lesson Q
!. the value and importance Of promo
. ing our domestic sugar industries I
double the present amount befor
q considering the reduction of dutie
: on sugar" .....