The Hawaiian gazette., 1914-09-22
HIGH SUGAR PRICES
CAUSED By BRITISH BUYING
. ANER|CANAND CUBAN RAMS
Willett and Gray's Report Indicates
England Buying Sugar To Last
Another Years War

hus, DeHlarara, Brltlsh west lnd1es anu
elsewhere (not including new crop GU
bas), total of 100000 tons raws, semi.
refined and refined, The present REIN
ling capacity Of Great Britain 3 10000
tons per month and will need 10 be
increased even IL raw sugar goes into
1 consumption to a considerable extent.
Placing the requirements for con.
sumption of all sugar for six months,
from August lst, at $4,000 tons per
lmonth-say 100000 tons for six months
-Tsupplies and demands are about equal
for six months, but Great Britain is evi-
i IDENTIFY intent on looking further ahead
IN case the war continues, and hence
the interest shown already in securing
IA considerable amount of sugar from
the next Cuba crop.
The consumption Of the United King.
dom Is largely increased or diIninisbed
i by the range of current prices. For iu-
stance, the consumption Of Great Brit
ain for the six months, August to Jan
Euary inclusive, 19l2.13, was 76l 1877
tons under high prices; while for the
same six months of l9l3-14 the con
sumption rose TO 934.l4S tons under ar.
lproximately ~ per lb. lower price than
in 1912. The present six months con,
sumption under high prices should com
pare more nearly wibA that Of 1S12-l3
than 1884.
i The British Government regulation of
prices has not been received with much
favor by the British merchants, IS
prices are made to fuetuate too fire.
lquently. On the 9TH Of August the re.
tail price limit was AID. Zoe per hi
for Granulatel and 50. (l0c) for Lump;
August 18th, SAd. (7.5Oe) and AID.
l(s.50c); Aug. -. 41ad. (9e) and Sd,
/ (10c), and Aug. ~, 41ad (9e) and Sd.
! (l0c); Aug. 10 TO 81, 3Rdi (T.50c)
and AID. (s.50c), Wholesale limits
have been reduced from 36s. Cd. (7.S4e)
to 2es. Cd. September, End (5.67e per.
tlb.).
Referring to our recent article Eau.
gust 20 nuInber), giving the location
of European beet fields in danger Of
being trampled under foot by the war.
Iring armies, we can now call attention
to such as have already suffered. +.
In Belgium SO factories, Of which
there arc located in the provinces Of
Liege Is, Brabant ] 1, Namur 4, Hainaut
%, have probably lost their crops and
tonly in Antwerp 2, Flanders and Lin.
burg factories remain intact. Total
crop Of Belgium is 230,000 tons sugar,
of which probably 100000 tons are af-
,fected. 's'.it Etese G,k.
In France ~ factories in Nord, 26 in
Pas de Calais, 81 in Somme, 81 in Aisne,
4 in Ardennes, p in Disc, together IS4
factories, are already within the firing
lines. Thirty,two other factories are in
direct line TO Paris, leaving only 10
factories in France, 80 far immune from
disaster. ~ .s@ q
4 Our German correspondence claims
that the crops of Germany will Re fully
harvested, labor for the fields icing i'm.
pressed from Belgium Gas we under.
stand it,. E ...a
This report takes no note of the Rus.
sian advance to Berlin, which If com.
pleted,. would be over some of the prin.
cipal beet fields Of Germany, which lilo
; between the Russian army and Berlin.
Refned.-There has been no change
in quotations during the week, the Fed.
eral having remained at &c, less 2Ge
for Granulated, and all others at INC,
less ETC. IL ..,s... - 2 T..>&a g. a. "
/, All are more or less behind in deliv-
, cries of old contracts, some of which
were made at prices ruling before the
:. toutbreak of war. Many Of the contrae.
: tors are below DC per lb. have resold at
r csc recently, reaping the profits in
stead of the refners. . @}.ls..I Z. .H.s.
; A few weeks more, upon the advent
Of domestic beet crops, should find the
Icane refners we'll balanced up. and ready
, TO reduce MEETINGS.
II In meantime, it is VentuTesome to
J tgiye position opinion as to prices for
! the demands by all interests, Jobbers,
retailers and consumers are largely sti-
J mqiated by the continuation, day by
! Eday, of exciting war news and it's pos
Esible effects on the futuresrOf sugar.
London Mail, August 90, l9l4.-The
} movements on this side have Eeen pc,
culiar. Spot Granulated, which was
offered just before the war at about lis
l duty paid, jumped within two days OF
the declaration of war to as much as
45s here, and in the Clyde MS much as
! SOS was paid. But Il is believed that
} the British Government have come to
I the rescue by contracting for several
hundred thousand tons of raw sugars
, Jayas, Mauriths. etc., at quite reason,
able prices, which we understand they
r Twill hand over to the refiners here at q
reasonable price, and allow them to sell
, lwitl fair margin of profit to the
; lretailers.
4 We have no beet price, as You are OF
: course aware, but we may tell you that
4. the present values of various sugars are
: roughly as follows; Refners are offer
9 ing Graduated at about sos, duty paid
. Che duty. being lsl0d per cwt) Con
tnental Graduated on the spot here
lcan he obtained at about 2gs. yellow
A Italian Crystals have been sold at about
. 26s, duty paid; White Javas 22s Elf.
Ma. II jaws los. Elf, White Mauri
Titus Crystals about 2ls elf, say foi
! August Sentember shipments. =
e All Continental countries have. prohi
r bited the export of sugar including Hol
Y land, although that country is not al
4 war. '..t .tr |u
D The extent TO which we are dependent
y upon the Continent, may be seen from
0 the following figures Of imports last
}. year" .'. 20 ~. r. "f&i. s.Ey
a 1913, Raw-Germany, All, 1859; Aus
tria, l6l ,03S; Holland, 1877; total, al
0 countries, l,046,4S2. Reflned--Germany
t 4G6749; Austria, l9s,43l; Holland, lT8,
I $50; total, all countries 924,S00. 49,
n Cuba.-Aeeordng to special reports
' 1 al A., A Ii,