The Hawaiian gazette., 1914-08-14
Willett and Gray Outline
Effect of War On Sugar

possibly some business was put through
at this figure.
Europe, however, is interfering with
this confidence here, the result of the
rise in beet sugar being 70 renew the
demand from the United Kingdom for
Cuban and other cane sugar in COMPETE
tion with the United States, a feature
considered entirely past for this season
Already the United Kingdom bld5
1-32e per 10. above the New York par
ity Of 5-18c c. 4 4. for Utba sugar for
shipment. San Domingoes have been
sold to England at equal Ellie elf.
New York, say 3.42c If duty paid here.
The aDiIity OF CUBA TO supply this
renewed demand, and retain sufficient
Of the crop for the United States re-
quiremetts, Is an important question
and one closely affecting future values.
Our recent estimate OF supplies and
requirements for MEETINGS in the Unit
cd States is not likely TO be materially
changed unless the course of prices in
Europe result in considerable new with.
drawals by Europe from tho Cuba crop.
Our Cuba cable received Tuesday
gave Island receipts 10000 tons, against
10000 tons last year and 5000 tons in
1912; 4 Centrals were working, against
8 and 10 in the two previous years.
We accept Messrs. Gumai Meier IS
Cuba crop estimate of 2,550,0O0 tons for
our worlds crop figures. The balance
OF crop receipts required TO complete
., 100000 tons is 114,65l tons. $50
Last year the balance of crop receipts
was ls4,S74 tons and the year before
81, 1926 tons.
fraLsa. an oaeltt,nas ,,sa,..;,;.t, a,
the three years at end Of July, we think
the balance will conform more nearly
with 1912 than with 1918,
Special adyiees to ms from Java re-
port too dry weather and unless there
is some improvement soon, the crop will
show a decrease Of 100000 tons below
early estimates Of l,350,000 tons.
Refined, The quiet attitude Of refiii.
ers towards the raw market during the
week offered no occasion for any change
| in quotations for refined, which re-
manned at 4.40c ? per cent by all
rofners except the Federal. a.
This refinery, In order TO reduce an
accumulation, accepted orders for a
time at 4,2Jc, less per cent, for Fine
Granulated, in barrels and bags and
4-25 Id. bags: but nc the close adj
f, vanced TO 4.f0e, less per cent, the
same as held by others.
Now the course Of refined will follow
the course Of raws, which course Is up
| ward.
There is a strong possibility that re
finers will accept business next week
assortment on contract only
Cuba Crop Estimate--We extract the
following from Mr.. Hilnoly : report OF
July 20, 1914;
"In view Of the short duration Of
the rain and the return of fine dry
weather, we think there Is no longer
any doubt that our original estimate OF
this crop say 2.569,143 tons win b,
reached.
A'Thc Central Cbaparra of the Cuban
Aiuoriean Sugar Co, finished its error
on the 18th inst with 607 500 bag,
(sS,142 tohs), which is the largest croI
ever made BY any Central in Cuba, anc
as far as we know, in any country
Java. special cable Received by u,
from batavia, July 2s, 1914: "Javt
crop suffering froin drought; unless
weather becomes favorable for tn,
growing crop soon, the crop will prob
ably Outturn 7 y per cent short, max
ing the l9l4.15 crop about 1850, 0OC
tonh), However, II the weather be
comes favorable soon, the crop may i'm
prove, and the, original estimates OF
| l,350000 tons. may be reached.'i
| LONDON MAIL, july ~, l9l4.-Th,
week opened with a hardening tendency
and 81 per cent on Tuesday morning
Inst changed hands at 9s SID August
9s Cd october December 9s Sd January
March and IS lOhd May. This i'm
proyement was Of short duration aud OF
the tendency becoming quieter, realiza
tions of August again made themselvet
| felt and this period has declined agaii
to 9s 3Id, while new crop positions, ii
sympathy with old crop and ON report
OF rains In various districts, declined
full penny, October. December bein,
done at 9s Sd, May IS %. The market
vt the moment, is mainly under the 10
iluence Of the August position, som
opinions believing the quantities lef
for realization to he large and other
believing the quantity to be insignia
cant. Whatever may be the position
there is no doubt United Kingdom re
liners act with caution aud rather avail
.a (CantinuQ1 nm na0a aiohi