Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-08-11
WiIIett & Gray's Sugar Jour-
nal Says important Ad-
vanceS to Be Expected

OF particular interest TO Hawaii a.
this time because Of the rising suga
market is Willet 4 Gray's Sugal
Trade Journal for July 30 The full
extent of the European war was o
course not apparent. but even at thai
date the strengthening market was
plainly shown.
The Journal says:
The Week.-Raws advanced .O3c
Refined declined .049c. Net cash quo
tatiOns this date are: Centrifugals
$3.50; GRADUATED. 4.l65c. Difference
I0.S75c. Receipts, y S41 tons. Melting
81, 900 tons Total stock in Atlantic
ports 39l.S64 tons, against 374,0l7
tons last week and 341, 1929 tons last
year. Beet sugar quotations, f. O. b.
Hamburg, IS I'D per cwt. for SO deg.
analysis, equal to 3.6Oc for Sc deg.
test Centrifugals at New York, duty
paid. First Marks German Granulat-
ed f. o. b. Hamburg, 12s AID, equal
to 4.23c New York, duty paid.
! Estimated afloats TO the United
States from Cuba and Porto Rico, 3d.
000 tons; Hawaii, $4,000 tons; Philip
/ pine Islands, $4,000 tons. Total 1884,
900 tons, against total $4,000 tons
last year. There are $4,000 tons Javas
afloat that may be available for Uni
ted States.
Net Cash Prices Refined.-The low
est price named for refined here on
this date is basis Of Cane Fine Granu-.
lated, in barrels, at 4.165c net cash.
Statistics by Special Cables.-Cuba.
The six principal ports; Receipts,
1900 tons; exports, $4,000; stock, 322,-
900 tons, against 341 900 tons last
year. Centrals grinding, 4, against 81
last week, 8 last year and 10 in 1912.
Entire island receipts for week, 10000
tons, against $4,000 tons last week,
10000 tons last year and 5000 tons in
1912.
Stocks in the United States and Gu
ba together of S35,516 tons, against
S63,97S tons last week and 74S,68S
tons from last year. Europe.-Stock
in Europe, 1,94S,000 tons. against l,
S09,000 tons last year.
Visible Supply-Total stock of Eu.
rope and America, 2,783,516 tons
against 2,557 ,68S tons last year at the
same uneven dates. The increase Of
stock is 225,S28 tons against an in
crease of 195, 430 tons last week. To
tai stocks and afloats together show
a visible supply of 2,947,516 tons
against 2,683,6S8 tons last year, or an
increase of 263,82S tons.
Raws = The week under review
has been one of extreme excitement
abroad but not participated in to any
great extent as yet by the United
States.
Beet sugar, which last week was
quoted at the very low point of IS
gid, f. o.. b. Hamburg, for prompt
and at IS Sd for August and So 419d
for new crop October-December has
since changed to IS 71sd for July, IS
SID for August old crop, and IS Sd
for October-December new crop. This
is an unexpected event, possibly the
of an extraordinary rise for
this season of the year, growing out
of the European alarms as to the out
break of a general war involving the
most important of European countries.
The harvesting of the next crops OF
beets under war conditions will be the
critical crop period. In the event OF
a general war, naturally sugar will
rise materially. The beet crops of
now over 100000 tons, cover
more acres and require more indiVid-
ual labor than at any previous war
crisis period, when the crops were l.
100000 to 100000 tons Q870-1S7O,
and at the same time the population
has not increased prcportionately and
a crop of the present size must neces-
sarily suffer greater damage from la. II
borers drawn into the army to much 8
greater extent than was possible on :
the much smaller crops of Europe. !
1t seems possible that the Austrian I
sugar crop will suffer directly from {
even a war limited to Servia, while
the mobilization of Germany, Russia ,
and other countries are conditions det- :
rimental to crop interests. AS to 8
prices starting from the low point of I
about 9s or cost of production, there I
s room for much greater rise in {
prices than if present values were on a
4 higher level. X
1t looks, therefore, as if an impoT- 7
ant advance in sugar values is quite s
7
States will participate to an extent
should war occur. I
Quotations, therefore, have not ad- a
fanced materially from last week at T.
nc c. & f. (326c per Id. duty paid, /
md the only difference is that there
ire buyers and no sellers at the close
It 1-32c per Id. above this quotation,
md that futures for August are gen
orally withdrawn. or no longer offer
ID at CSC c. & f. (3.39c), although :
some business was pu.
through at this figure. l
Europe, however, is interfering with
his confidence here, the result OF the
Use in beet sugar being to renew the
Iemand from the United Kingdom for !
7uban and other cane sugar in compe-
ition with the United States. a fea-
ure considered entirely past for this
eason.
Already the United Kingdom bids 5
-32c per h. above the New York par S
ty of 2 slice c. & f. for Cuba sugar. for c