Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-10-29
MiIiett & Gray's Latest Com
Inents on Trade Situation
Are Encouraging

No immediate prospect for higher
sugar prices. but every reason to be
lieve that within q comparatively
short time the figures viii advance
materially, Is the way in which Willett
& Gray's Sugar Trade Journal of Oc-
tcber is sums UP the situation. The
Journal says:
As supply and demand govern
prices. and presents supply is fairly
large and demand small there seems
little reason to expect immediately
any material Improvement in the raw
sugar market. while ther is reason
to expect further decline In refined,
There are some Inducements Ger
tainly at present basis Of value to
wait little longer for better mar
ket.
There is this to say about war, 1T
has It's surprises and uncertainties,
and changes the condition of things
frequently. From present sugar con.
ditiOns Of abundant supplies and sInaIl
demand. there is in the distance a
probability Of small supplies for large
demand.
The Imports Of sugar into Great
Britain for the year September {. 1918,
to August 81. 1914. consisted OF TO-
641 tons of cane sugar, and 1857 ,O755
tons Of beet sugar.
The previous year thesimports were
S6S. 201 tons Of cane sugar and i.6O6,-
Gil tens Of beet sugar and for the
preceding Year 1911-12, when the Euro
pean beet crops were some 1000 800
tens shcrt the imports were SIT .eg5
tons cane and SCI .2s0 tons beet sugar
The imports are virtually the same as
consumption. During the last year
the shortage OF beet supplies to Great
Britain and the necessity CT reaching
cut for largely increased supplies Of
cane sugar caused rise Of from *.
20 y cents per pound for sugar in
Great Britain, the Euited States and
generally Throughout the world.
That year Great received S67,s99
tens ct beet sugar. Had there been no
beet sugar available what might have
been the price Of sugar there and
here?
This is inst the position which con-
fronts Great Britain and the United
States during the present sugar cam
paign year to October 1, 1915.
The entire crops Of Europe, with ex.
ception Of Russia, are completely bot
tied up by the war. as far as supplying
Greet Britain is concerned. and with
. reduced import to that OF the short
crop year il will be necessary for
Great Britain to obtain an almost en-.
tire supply Of cane sugar of say l.
6S5, 900 tons, an estimated fali-short in
imports Of about 100000 tons from
1928. The fall-short will probably
be larger than this BY reason Of mad
cquate available supplies and conse-
quent higher range CT values. OF
this required amount Great Britain
has already secured some 1000, 900
tons cane sugar, requiring to complete
the campaign year, say SIS, 900 to 1885,
600 tons more.
Java sent $4,000 tons forward to
the United Kingdom in September.
out Of the 500. 900 tons bought. III not
intercepted BY German cruisers in the
indian ocean It should reach Great
Britain next month for immediate use.
Mauritius also supplies. for shipment
to United Kingdom. LOG, 900 tons, De-
merara $4,000 tons and Cuba. out Of
the new crop, January March delivery.
200-250, 900 tons. II nothing and no.
body interferes with these sugars In
passage Great Britain is well supplied
already for say seven months to April
I, 1915. at the rate of 100000 tons per
month.
On the necessity Of United kingdom