Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-09-30
Z GRAZ
GIVE LATEST
ON SUGAR

| W UUuHA
Late news on the sugar industry.
given by Willett g Gray. includes the
following:
i Statistics by Special Cables.
Suba-The six principal ports: Re
ceipts, none; exports, $4,000 tons;
tons; stock, 117.000 tons.
Centrals grinding 2, against 8 last
week, last year and in 1911.
Receipts entire island. 5000 tons.
against 5000 tons last week, 1000 tons
last year and 5000 tons in 1911.
Stocks In the United States and
Cuba together OF 3s1. 800 tons. against
44S,6S4 tons last week and 25l,515
tons last year. an increase Of 129.S05
tons from last year
Europe Stock in Europe, $4,000
tons, against $4,000 tons last year.
vlsihle Supply
Total stock OF Europe and Ameri-
lea. 1,33g. 500 tons, against 6SS.515
tons last year at the same uneven
dates. The increase Of stock Is 49,
sos tons against an increase of co.,
400 tons last week. Total stocks and
afioats together show q visible sup
ply of I,40S,32O tons. against 1,O50,-
515 tons last year, or an increase Of
S57 sos tons.
RaWs.
The week shows decline IN Cen
trifugals, SIS degree test, Of 3 cents
per 100 lbs., which, with q similar de-
cine the previous week. brings the
quotation back from the high point
of the campaign. 3.80c per b. TO S.73c
lper h., duty paid. or Q 3-SNc. c. & {.
i 1t Is doubtful if the market rec0V-
ers this loss, although the figures We
give herewith Of estimated supplies
ana demand to the end Of the year
leave i possibility Of an improvement
later on provided the demand for con-
sumption Of cane refined continues
/ as good or better than last year. as
I'VE have indicated In our statement,
i the invisible stocks at present being
less than normal Last year this de-
Imam was curtailed BY the scarcity
Of raw supplies, although bringing SUI
gars from Europe to the extent Of 65,-
! 7e4 tons
Towards the end OF last year the
Federal refinery closed entirely for
two months, and others closed one
month or reduced MEETINGS, the total
/ MEETINGS becoming unusually small
and giving On increased business to
1.-THE domestic beet factories The in
creased local supplies Of raw sugar
this year win do away with foreign
i imports and enable cane refiners to
compete with the domestic. produc-
ation.
Naturally refined sugar will be
somewhat lower than last year, when
cane graduated stood without change
! at 4.8oc per lb from October 10th to
December Goth; 4.S0c per ID IS now
| the refiners list prices for fine gran
tnlated. although orders are being ae-
fcepted at 4.75c less 2 per cent, and ex-
EXCEPTIONALLY BY one resiner at $50 less
2 per cent.
i With raw sugars unlikely to return
to &c. cost and freight, until the new
Cuba crop natures next season, the
cost of producing cane refined, with
tout profit, will exceed &c per ID. and
probably 4Hc per Id. fob New York.
/ leaving q good market for the domes-
Etic sugars without pushing competi-
ltion to an extreme. The domestic In
dustry should accept this suggestion
and obtain as high price as possible
from the present time to March 1st,
!, TO offset the lower cost of producing
cane refined under the reduced duty,
which they may have to meet after
that date
/ The coHutry can hardly be expected
to take the entire domestic production
before March. 1914, at any price. and
II the attempt to make It do so is per,
sisted in by cutting prices, refined
may be higher after March LIST, under
the reduced duty. than the competition
may make It before.
We call attention to this now be-
cause sugar conditions look somewhat
abnormal ahead, unless jndiciously
and conservatively handled during the
coming months
! European markets hold steady, with
Ibeet sugar .33c above our barity and
with favorable weather for the grow
4 ing crop. To use the words of an in
i telligent observer the present sugar
season now drawing to q close has
been singularly uneventful one, and
I in the absence Of any special feature,
prices have been held down by the
availability Of large supplies and al
most continuously normal weather for
the new crop of beets''
We might note herewith that the
low prices abroad have been met by
much lower parity prices in the q. 8.
during the entire season, to the great
Ter benefit OF the U, 8. consumer
A valuable bulletin issued by the
tgovernment on the retail prices of
principal articles of food in different
lcities of the u. s.. shows that sugar
is the only one that decreased in cost