The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1912-01-11
SUGAR PRICES
OF PAST YEAR

Willett & Gray, in their Sugar
Trade Journal of December %, review
both raw and refined sugar prices for
1911 as follows:
Raw Sugar Price Review, 1911--
The year opened with centrifugals, 96
deg. test basis (the standard of raw
sugar., at 9S6c. per h.
From this price the market steadily
declined until January "a, when 3.42c.
was reached, the lowest point of the
year. From this point reaction
came to 3.SOc., and after a few slight
fluctuations downward, the markets
during March, April, May and June re
manned remarkably steady between
9.S6c. and 3.9Sc. per 10. During May
and June for twenty-five consecutive
days, the quotation remained un.
changed at 3.S6c.
Starting July /, the market had a
remarkable advance, caused chiefly
by the drought in Europe and the
consequent speculation on the Euro.
pean exchanges, as well as the short
age in nearby supplies On July
centrifugals were 3.9Sc. per Id. July
81 they were 4.61c., end of August
5.25c., and by September % they
touched the high point Of the year,
5.965c. From this high level prices
slowly eased off, and October closed
at 5.735c.
During November, however, prices
declined rapidly to 5.)625c., being in
ftuenced by the marketing of the do
nestle beet crop, as well as the Louis
lana crop, the former lessening rein
ers' wants for MEETINGS, and the latter
giving our refners a good immediate
supply of raws on which to draw.
December markets, as usual, were
influenced by the approaching new
crops of Cuba, Porto Rico and other
West India islands, and have shown
the usual declining tendency, ending
the year at 4.65c.
The opening was at 3.S6c., the high
est 5965c., and the close at 4.65c.,
average at 4.453c., against 4.1SSc in
1910, 4,OO7c. in 1909, 4.O73c in 1908,
9.756c. in 1907, 3.6S6c. in 1906, 4.27Sc.
in 1905, 3.974c. in 1904, 9.72c. in 1903,
and 3.542c. in 1902
Use average price for centrifugals
for the past ten years is 396Sc. per
lib. The cost and freight quotations
for prompt shipment followed closely
the parity of the spot quotations until
December, when sales of new crop
sugars for shipment one or two
months later were made very consid-
erably below the spot quotations,
which latter were upheld to the close
of 1910 by scarcity of supplies avail
able for immediate use. This will
cause a lower opening of quotations
in 1912 than the closing quotations
Of 1911.
Refined Sugar Price Review, 1911 f.
(the standard for all re-
fined sugar., opened the year at 4.75c. /.
per ID. net cash, declined to 4.50c on /
February /, remained steady at 4.55c. .
during most of February and part of .
March, then advanced to Also. March .
Is, continued steady to April 3, and .
after a few slight downward fluctua-
tons advanced to 4.S02c. on April 90 /
The market from that date until .
Tune 2 remained at 4.SO2c., with only /
one fiuctuation to 4.753c on May 81, .
The market, then following raws, .
advanced slowly in June, but rapidly /
IN July, August and September, until .
5.615c. per H. was established on /
September IL, the high price for the .
year. This price prevailed most of
October, but the close of the month
saw prices at 6.468c.
November, however, owingg to the (
same conditions affecting tHe raw o,i- /
gar market, namely, the marketing Off
he domestic crops, saw rapid de
,lines, the month closing at 5.SSc. d 4
December was, also, a declining I
month, the final quotation being .
$3.50.
During September very remark
able scarcity of refined sugar for i'm.
mediate shipment occurred, which led .
Arbuckle, the only refiner at that /
line having sugars for prompt deliv-
cry, to advance their quotation to .