Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20
In Business Circles--News and Review
WILLEIT GRAYS WEEKLY
REVIEW OF THE SUGAR TRADE

in competition with beets at 9s per
cwt (. o. b. Hamburg or cane sugar
from anywhere else.
I This probability should limit the
downward course to, say, &c C. & f. for
shipment to the U. S. preceding March
LIST, when the reduced tariff comes
into operation.
We note today while Cuban plant
ers show much anxiety to sell prompt
ly the sugars available for January
and February shipment. certain hes
itancy exists to sell late February
and March without an advance in
price S'7<5
From our general and specific views
we incline to think that a general
buying movement by refiners, specu.
lators and Europeans will set in at or
about the basis of &c per h., cost and
freight to New York.
This Is as near tn q prognostica.
tion, from present depressed condi-
tions at home and abroad. as we can
come. The limit of sugar crops for
this campaign has no doubt already
been reached. and with lower level of
prices than last year the consumption
of sugar should show a possibly
now unexpected increase not only in
the Y. s. but in all countries, the
latter to less extent perhaps.
It is interesting to note that Cuba
sugars for December at 2hc c. & T.
are cheaper than for many years. The
lowest price for December since 1904
was 2 15.16c c. Ct. in 1905.
The weekly Cuba cable on Tuesday
gave no receipts of new-crop sugars,
hut with 8 centraIs working.
Later ether centrals are being add.
ed. and cne shipment Of 10000 bags
new sugar Is reported already afloat
for New York, sold to the American
recently
The old-crop figures having, already
been printed In full, our weekly cables
will deal only. with new-crop figures
We shall endeayor to give these fully
and as early as practicable each week
& F. o. LIGHT reports that the weather
is not altogether favorable for har.
yesting the European beet crops but
Notwithstanding this the beet quota.
lions continue to decline and are now
9s 214d for December, IS 3%d for
January and SIS It'd for May,
The reason OF the difference In
prices of futures is mostly owing to
the storage and interest charges for
carrying the sugar. q; &. z.t
Our regular cable adyices from the
Philippine islands. given herewith, are
Interesting as showing the large de.
crease Of shipments this year, from
former years. to the United States.
Better marketsp exist nearer their
home. Notwithstanding their free-of.
duty entry here.
Our domestic beet industry is call
ing for more attention, as noted here
with.
Atlsntic port receipts for the week
were light and stocks continued to de-
crease, bur are still !. considerably
larger than tnoset Of last year.
Last reported sales to Canada of
Demeraras and non-preferential SUI.
gars were on basis of 2.25c c. & 4. New
York, for the former and 2.10c c. & E.
New York for the latter However,
since the decline in Cubas buyers have
refused to go and ana Demeraras are
now offered at Use c. & I. and SUI.
rinams at 2 06c.
San Domingo shippers expect to
have sugars for December shipment
but are not YET ready to offer. In
the meantime Europe is interested at
about parity of 1855 C. & f. New York
for these sugars in moderate-sized
parcels suitable for the trade. =, Il
GREAT WESTERN SUGAR CO.
President Retiring. Mr. Chester S.
Morey, who is now in New York, will
retire from the presidency of this
company early next year. Mr. Morey,
who has been interested in sugar for
many years, has held the Office of
president since the formation of this
company in 1905. and has been most