Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-08-11
WilIett & Gray'S Sugar Jour-
nal Says important Ad-
VanCeS to Be Expected

Trade Journal Io, July 81 The fui
! extent oil the Eu.n"an var MAS O
Z course uot apparent bur .sHsn at tina
date the STRENGTHENING markct VA
plainly Shown
The Journal saN~.
The Wapk Rawe advanced .e3e
! Refined declined Hl.T Net lash uur
! tati0us this date all. C-uj.iHeaIs
! 324c; Granulated +1t,r Dlrfyreuc,
E0S75c. Receipts, - 81 tons. Melting
/ 5000 tons Total s'0ch III Atlantic
ports 39l864 tons, against 374."1.
! tons last week and 54I.N24 tons las
year Beet sugar quotations., g. u. b
Hamburg. rs It'd per cwr. Tor IS deg
analysis. equal 10 3 900 for as deg
test CentritugalS at New York. duJN
Ipaid. First Marks German GTanHIat
ed I. o. b. Hamburg. Us 412d, eQual
Ito 4.23c New York, duty paid
Estimated aflOats to the United
States from Cuba and Porto Rice. -,
| 900 tons; Hawaii, $4,000 tons, Phillip
pine Islands, G4.u00 tons Tota! 1874
900 tons, against total $4,000 tons
last year. There arc $1,000 tons Javas
aflOat that may be available for Uni,
ted States,
Net Cash Prices Refined The low
est price named for refined here on
this date is basis OF Cane Fine Granu-
lated, in barrels, at Also net cash.
Statistics by Special Cables Cuba.
The six principal ports: Receipts,
5000 tons; exports, $4,000; stock 1922,
600 tons, against $4,000 tons last
year. Centrals grinding, 4, against i
last week, last year aud 10 in 1912.
Entire island receipts for week, 10000
tons, against 1900 tons last week
5000 tons last year and 5000 tons in
1912. -. ~.
Stocks in the United States and Gu
ba together Of 835,516 tons, against
S63,97S tons last week and 74s,6SS
tons from last year Europe
in Europe, 1,948,000 tons, against l..
sos, 900 tons last year.
Visible Supply stock OF Eu.
rope and America, 2,7S3,516 tons.
against 2,557 ,6SS tens last year at the
same uneven dates. The increase of
stock is. 225, S2S tons against an in
crease of 1876, 400 tons last week. To-
tai stocks and afloats together show
a visible supply of 2,947, SIS tons
against 2,6S3,6sS tons last year, or AM
increase of 263, S2S tons
Raws The week under review
has been one OF extreme excitement
abroad but not participated in to any
great extent as yet by the United
States. ..-. <.~:..- /
Rect sugar, which last week was
quoted at the very low point of IS !
2Ad, f O. b. Hamburg, for prompt
and at 9s Sd for August and IS 412d |
for new crop October December hasi
since changed to 9s 712d for July, IS !
SID for August old crop, and 9s Cd |
for October-December new crop. This |
Is an unexpected event, possibly the
of an extraordinary rise for |
this season of the year, growing outi
Of the European alarms as to the out-l
break of a general war involving the
most important of European countries. |
The harvesting of the next crops o.
beets under war conditions will be the |
critical crop period. In the event OF
1 general war, naturally sugar will
rise materially The beet crops Of
Europe, now over 5000, 600 tons, cover
more acres and require more individ- /
lal labor than at any previous war
crisis period, when the crops were IL
100000 to 1890, 900 tons t1S70-1S70, 4
md at the same time the population /
las not Increased prcportionately and I
/ crop of the present size must neceS
Iarily suffer greater damage from la
,oFers drawn into the army to much
greater extent than was possible on
he much smaller crops of Europe.
1t seems possible that the Austrian
sugar crop will suffer directly from /
wen a war limited TO Servia, while
he mobilization Of Germany, Russia
nd other countries are conditions det-
mental to crop interests. AS to
lrices starting from the low point of
bout 9s or cost of production, there
5 room for much greater rise in
rices than if present values were on
. higher level. &C.,. Il
II looks, therefore, as If an impor- Il
ant advance in sugar values is quite
rear at hand, in which the United I
states will participate to an extent I
hould war occur. /
Quotations. therefore, have not adj
anced materially from last week att
u c. & +. (3,26c per lb. duty paid,
nd the only difference is. that therel
re buyers and no sellers at the close Il
t 1-32c per III. above this quotation,
nd that futures for August are gent
rally withdrawn. or no longer offer
d at 29sc c. & f. t339cl. although |
Gssibly some business was pu
through at this figure
Europe. however. is interfering with
ais con ffdence here, the result OF the
ise in beet sugar being to renew the
emand from the United Kingdom for
uban and other cane sugar in compe-
tien with the United States. fea-
1re considered entirely past for this
eason.
Already the United Kingdom bids
sc per III. above the New York par,
y oF . 5-t6c e. & f. for Cuba sugar for
hipment. San Domingoes have been
old to England at equal 211c c. l. f.
-aw York. say 8. 42c if duty paid here.
The ability. of Cuba to supply this .