Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-10-29
MATERIAL ADVANCE in SUGAR BUT
not IMMEDIATELY, Is FORECAST

supplies rests largely the price OF Sus-
| ar to the United States consumer after
next April. The United States dur
ling past few years did not import and
does not need any beet sugar from
Europe, provided its free and prefer.
entail supply sources are not lessened
| by the buying of Great Britain and
other foreign countries more largely
than usual. s,
1t does not seem to rs that II the
tquesticn CT supplies to demand is han
fdled as inteiIigently by Great Britain
as Il has already done, that there
need be any very extraordinary rise
in sugar prices fer this campaign
The tendency will naturally be up
ward to some extent from the open
ling prices of the Cuba crop, as the
tpressure to sell dininishes.
Germany and Austria Hungary are
Ehow harvesting their beet crops, hav-
ing impressed into the service, accord
ing to some reports, Russian. Belgium
and British prisoners, most OF whom
ARE quite familiar with beet field work.
These crops are estimated BY F. o.
LIGHT this week, as given herewith, at
| 4,375,000 tens together, against 4.423,-
900 tons last year. Inasmuch as ex-
tports from these countries were stop
tped after August LIST, there remained
in stock there some S27, los tons, as
stated by us on October Sth.
The stock on hand, and the crops
Inow harvesting, comprise an immense
amount OF sugar to be warehoused.
land financed under war conditions. III
it is to be Kept undfstributed until
/ the end OF the war. If It can be fin-
anced and thus kept for home com
sumption throughout the war period,
there win be no need Of sowing beet
seed next spring, and grain crops will
! be substituted for sugar crops THAT
! Is another question Of interest some
time henee).
The present status of Great Britain
is that she will not accept sugars Of
amy country at war with her, either
directly or through neutral countries.
i (See British proclamation herewith
Hence, IL German or Austria Hunga-
rian sugar could come to the United
States, they could not be refined here
and exported to Great Britain without
a change in the present situation.
That German and Austrian manu-
faeturers believing the embargo win
seen be removed would willingly part
with a considerable quantity of their
sugars to the United States is evident
from the fact that offers to sell have
already been made, not only BY mail.
but by duly accredited representatives
of the factories. associations and
banks.
The difficulties in the way of max
ing sales are considerable at the pres
emit time, and without the full assent
LOT Great Britain must remain so in
definitely. Furthermore, as the sugar
must pay the full duty of 1.256c per
pound on So raws and 1860 per. pound
on refined, there is not at the present
basis OF values here sufficient induce
ment offered in prices named to war
rant Importation by Americans.
Hence for the present at least We
dismiss all expectations of imports of
beet sugar into the United States to
Affect the conditions as they exist In
relation to cane sugars.
We, of course, In these conclusions
accept the now general belief that the
war Is to continue over the summer
of 1915 as the shortest limit
While at enc time it looked as If
there would be considerable difficulty
and danger in shipping sugars from
Java to England, owing to the activity
Of German cruisers in the Indian
ocean, these cruisers taking advan.
tage of the absence Of British cruisers.
apparently being used to convoy trans.
ports of Indian troous to Europe, it
now appears that this impeachment in
shipping has been largely removed, as,