Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-03-20

a feature WOrtlI OF note Is tndt
tine United Kingdom has renewed its
buying in Cuba for shipment abroad
To a quite considerable extent. some
$4,000 tons having been angaged this
week at the equivalent basis of about
2.e0c to 202c per h. c. & f. New York.
Mr.. C. Czarnikow. London. February
18th. says: Further contracts for
Cuba sugar are quite likely to be
made for the United Kingdom during
the next few months"
Hence 1t would seem that the Amer
lean refiners will be subject to CON-
petition for Cuba sugars right along,
which. no doubt, means a steadiness
of prices which might not be MAIN
tanned otherwise under the accumulat.
ing production of the island. Up TO
date the visible production shows
some 10000 tons increase over last
year. Exact figures to March / are
nearly due from our Cuba friends.
European crop reports remain I'M
changed and favorable, and the beet
sugar markets keep quiet, with con-
tinued easier tone and tendency I'M
der small fluctuations
The "replowing' noted by F. O.
LIGHT applies to the grain crops OF
Europe, which have been reported un-
favorably II the grain crops are now
out OF danger, no increases of esti-
mated beet sowings are likely to be
made.
We give herewith cur parity table
Of prices at New York for European
beet sugar f. o. b. Hamburg and Cuba
centrifugals, 96 degree test. c. & T.
New York, computed at the new-duty
basis.
Philippine Island sugars OF the best
grades are coming TO Atlantic ports
In Increased. amounts, some 10000
tons already having been sold for
February to May shipments at 2.50c
to 2.60c per h., basis SO degrees,
which prices are not now obtainable
The lower grades find better market
nearer home.
notwithstanding the discourage
ments of the Louisiana planters, some
reports say that fairly full acreage
has been planted In sugar cane. A
good growing season is especially de-
sired by sugar planters to make ends
meet from now on.
are about equal and stocks remain
practically unchanged.
On special adyices from Porto Rico.
we reduce the crop estimate $4,000
tons, to 100000 tons for this season.
Note that our Crops Of the World,
given herewith, are reduced $4,000
tons by reduced European and Porto
Rico estimates.
The attorney -generaPs decision re-
garding Cuban sugar duties is con-
sidered final and satisfactory to I'm
porters here
RUSSIA.-St Petersburg, Feb. 10,
l1914.-There is not much being done
on the Russian sugar market. The
tone of crude sugar is weak and rath-
er inclined to give way in conse-
auerce of the absence of demand on
the part of refners and spectators.
Future sugar is nominally quoted In
the southwest at roubles 80 copecks
per pood, and in home districts more
difficult Of access 3 r. SO c. and r.
5 C., according to station. The refined
market is under the influence of the
efforts that have been made to bring
the reiners together in the form of a
syndicate. These efforts have certain
| ly impaired sense of announcement
to the market which welcomes all re-
ports tending in the direction of an
agreement, for many wholesale deal
ers, traders, ETC., consider the recon
cffflffinT, ff fhra -. Il.
way out Of very difficult situation.
The manufacturers appear now to be
awake to the increasing importance of
the inland market. They feel that
even 85,000,000 pools as fixed by the
government will probably not be suf-
ficient to supply IL in this campaign,
and, anticipating still further devel-
opment of the market, they are cred
tied with the intention of greatly ex-
tending their sugar beet paintings this
year.
RUSSIA.-St Petersburg, February
ia, 1914.-According to a Karbin pa
per the development of the beet sugar
industry in Manchuria has exercised
considerable influence on the impor-
tations of Russian sugar into that
province. The sugar factory opened
at Ashiche in the year 1910 has had
the effect Of reducing the Russian
Iimportations, which had declined from
262, 700 Doods in 1909 to 259,000 D. in
1910 The decline continued to 49,
400 p. in 1911, and after rising to 212,-
500 p. in 1912, consisting mostly OF
crude sugar, it fell to 96.1o0 p. in
the first nine months of 1918. In the
course Of the current year a new
sugar factory will be opened, con-
structed by German company, on the
left bank of the Sungara, over against
Futziadian. 1t is assumed that with
the opening of this factory there will
be further decline in the imDorta-
ton of Russian sugar into Manehuria.
Such things will naturally affect i'm
portations there of other countries
L h0N Sw.E 4 - -