Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-07-21
& GRAY
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SUGAR news

/ 81 1ES.-Cuba six principal
lports: Receipts. 1000 tons: ex.
ports, $4,000 tons; stock, $4,000
tons
Centrals grinding II, against % last
week, % last year and in 1911.
| Stocks in the United States and Gu.
/ ba together of 972,943 tons, against l.
le24,57I tons last week and 656.S3l
tons from last year.
4 Europe.-Stock in Europe. 1928, 000
tons, against 1,577.0O0 tons last year
VISIBLE SUPPLY. - Total stock
of Europe and America. 3,195, 943 tons
against 2,233, sag tons last year at the
same uneven dates. The increase OF
stock is 962,11l tons against an in
crease of 1,014,t9 tons last week To-
ltal stocks and afloats together show a
visible supply If 3,346,943 tons against
2,3SS,832 tons last year, or an in
crease Of 95S,111 tons.
RAWS. - eentrifugals, 96 degree
test, advanced lie per 100 lbs for the
week, to 3 4Sc per ID. The cost and
freight basis torrespondingly advanc-
| ed to 2 1-Sc G. & +. for early July
shipment
Previous tolthis price paid by the
Federal, 1t had been difficult to obtain
this price except for August shipment,
and the rise has been rather too rapid
to continue further Immediately.
! The printing last week of our esti-
mate that some $4,000 tons of full-duty
sugar may be required to fill out our
consumption this year evidently has
been FOLLOWED By conclusions that
these sugars, being required 90 be pnr-
chased at ths worlds price at HAM
burg. which price was then .63c above
1.-THE centrifugal parity here, would ne
tcessitate steady advance In centrifu-
gal values eliminating in 5-Sc per ID.
lrise unless beet sugar already on a
near to cost basis should further de-
cline.
The early tuyers for this advance
were both SPECTATORS and refiners,
and without securing very much sugar
have reduced the parity margin of
profit from i3c to sic in week.
This upwsrd movement is a dupli-
cate of that0f every season when for
eign full-dgy sugars are needed near
the close d the campaign.
This veal we had thought that the
large Cuba crop would eliminate this
annual ris, and it would have done
so but forthe largely increased drafts
made upol it by Europe over former
years.
These peculatlve anticipations may
mot be FLY verified, yet should the
new tarif not go into effect before
March II 1914, which will give oppor-
itunity II the marketing of the next
crops of1omestic cane and beet sugar
to laEe extent under the present
tariff objection.
| Their still remain a larger amount
of lastseason's domestic Beet crop
sugar stock, waiting a market, than
was Of hand at this time last year
from be previous crop This stock
! and tat to be made and marketed
| before March /, 1914, may still elm
mate he necessity for imports of full
duty |ugar at the worlds price dur
J ing tbs season.
1t ) already evident that Cuba is
to bi the greatest beneficiary of re-
duce duties for the coming three
year
Cba can continue increasing her
sugt crops without limitation and
| witbut the same fear of free-duty
suar thereafter as attaches to our
dohstic cane and beet szgar, our
I Poo Rico and our Hawaiian sugar
infstries.
| hur Washington advices make 1t
chr, we think, that no changesl are
| IDLY to be made in the sugar sched-
al that will tone down the above
sttement. Hence Cuba will be look
d to, under free sugar, to become the
8atest competitor against the world
| ! supplying these United States
| 18th sugar at lowest cost to consum-
Is unless Germany and Austria re-
Ee again their old benefits to ex-
brters of their surplus productions by
bunties and kartels, against which
lifts to the u S. consumers no OBJ
ection is made in the new tariff but,
tather, an invitation is given by the
absence of contemplating and dump
Ing duties against such in the tariff
as concerns free sugar The policy,
as indicated, is, if any nation or peo-
pie wish to make presents to us we
will accept them for the people.
The Philippines have been shut out !
Of our markets thus far this season |
by reason of the low prices for Cuba |
sugar and relatively higher prices in
Eastern markets but our cable adj
vices today give 5000 tons shipment i
to San Francisco in June and 1000 !
tons eastward China and Japan.
Indications point to decline in the
East and advance here, sufficient to
enable the Philippines to market part !
Of the balance of crop here
EUROPEAN BEET CROP F. o. !
LIGHT cables us specially from Madge- /
,urg, Germany. June II, 1918:
Weather is favorable for field work |
Ind for the growing crop"
July i, f913.-.The weather is most |
y favorable for the growing crop"
CUBA CROP-Special cables re-
:eived by us from Havana, Cuba:
June q, 1913: Heavy rain gcner-
lily; 81 Centrals grinding, against 22
asst year and Z in 1911"
July 1, 1913: Rain continues; II /
5entrals grinding, against % last year
md in 191f" {
LOUISIANA CROP-A number of !