Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-09-26
OF
VAR Will RAISE
PRICE OF SUGAR

i tHUL III UOOfHl
WilIett & Gray's Sugar Journal for
September 10 gives the following In
teresting comments on trade condi-
items apd the effect Of war on produc-
ton and consumption:
p RAWS-The week undersreyiew was
interrupted by holidays, Saturday to
Monday inclusive, leaving four days
fer business
The buying OF raws during these
days was mostly limited to require
ments of refiners to cover sales Of
their refined product for export
The offerings of holders to meet this
demand were restricted aud resulted
IN an advance for 96 deg. CeRtrifugals
from cole to Sic per h., duty paid
basis.
The business inciuded preferential
and some fullduty sugar, as herewith;
the latter was most desired by rein
krs for the export business. The ex-
port purchases for the week were
about POO. 1000 barrels Tor several coun-
tries, but chiefly to the United King
dom, probably to supply the local de-
inand for refined sugar
The refining capacity of Great Brit
ain per month Is less than the re-
ouiremeht for all purposes and hence
this special inquiry from the United
Kingdom. Great Britain's supplies of
all ether kinds Of sugar appear to be.
ample. The market adyices given
herewith tc August 18th show at that
date that the government had secured,
mostly for arrival, about a half mil
ion tons OF all kinds OF sugar, which
included as stated 10000 tons Jayas,
100000 tons Mauritius and 10000 tons
Demeraras. Other reliable advices to.
same date specify 6V0.0e0 tens as
amount secured.
American formulated was quoted at
29s Cd or 6.43c per To-, net cash
agajnst value here on same date
e.S6 per h. net, duty paid. 600s per
lb. in bond, T. o. b. for export Imme-
diate stocks Ct raWs in the Clyde were
so insufficient that three Greenock re-
1ners had to close temporarily.
The latest buying for the United
Kingdom at 600c Der Id. net, In bond,
f o. b.. would Indicate an. advance in
maximum limitation or speculations
On the chances Of such advance
The buying Of raws here takes
prompt sugar. available for immediate
use, and ignores parcels of Cuba shin
ments offered at the same price Of
5<c e. & I. t6.27cl.
Further sales df new crop Cubas
have been made to United Kingdom
buyers at &C per h., t. o. b. Cuba, for
January TO March deliveries Our re-
finers thus far show little interest In
new crop Cubas at present values for
EXPORT to Europe
What will be the influence Of the
competition for Cuba sugars when the
United States enters that market re-
mains to be seen and will largely de-
pend upon the continuance or suspen-
Sion Of war
The advices given herein from Ger
many indicate that the German beet
crop. estimayed at 2,sS5.00 tons, viii
be mostly secured, and II the war ends
II will be let loose for export and
produce a quite different sugar CON
diticn than n that crop is tied up still
by war
This report excludes the possibility
Of those German beet fields. which
are between the Russian army and
Berlin. being destroyed later on.
Our weekly Cuba cable gives island
receipts 5000 tons, bringing total Wis
ible production to 2.535. 2s2 tons. The
weather continues to be reOorted too
dry for best crop results. Exports in