Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-08-18

Britain and Belgium. All these cCun-
tries, except Great Britain, are grow
ers Of beetroot sugars, estimated TO
reach 5000. 900 tons this season an
due to be harvested beginning with
September onward to February or
March, 1915.
Evidently this critical crop period is
To witness the tramp Of armies over
these beet fields and an almost entire
absence Of male labor TO. gather what
may remain Of the crops. Female la.
Dor alone. under such conditions.
means that only a small amount OF
this seasons European beet crop will
ever reach its usual markets, perhaps
sufficient for home consumption.
The United Kingdom. by its declar.
ation of war against Germany. is al
ready debarred from its sugar supplies
from Germany so largely depended
upon for the United Kingdom con-
sumption. both Of raw and refined sug-
ar. Naturally the United Kingdom
turns to the only direction in which
II can secure sugar SUPPLIES. 10 the
United States and already quite large
purchases # refined sugars have been
made during the past two days for the
European account. and the prices al
ready naid for graduated refined have
rea ched &c 70 4?5c ner ID. f. o. b, cash
in bond at New York. the latter about
the parity Of 525c less per cent.
Our raw sugar has responded to
these very unusual conditions prevail
ing, due to the war conditions in Eu-
rope and consequent demand from the
United Kingdom for CubS sugars. The
scarcity Of steamer freight from Cuba,
advancing freight rates. increased in
surance premiums, high cost Of war
risk insurance, the actual risk of ship
ping sugars from Cuba, increased de.
mand from the country for. refined
and refined Tor export were also i'm
portant factors. Under these condi-
tions a series Of advances occurred
since last week, when sc degrees test
Centrifugals were quoted at 9-32c.
per ID. cost and freight and 3.29c per
H.. duty paid, until 42es was paid to-
day
On Monday. In essence of sales, the
quotation remained at 329c per h.,
but buyers appeared to be willing to
pay 2aSc C. & +. 1880 for August
and 2 7-16 c c. f. (345c) for second
half August shipments, and sellers
wanted 3.45c for sugars in port.
Tuesday. the market became as ac-
tive as the limited offerings would per.
nit, and sales resulted of 10000 bags
Cuba Centrifugals, loading, at 2 7-16c
c. & f. l3.45c), and 10000 bags Cuba
Centrifugals, afioat, t. Howell, at 21ac
e. & +. (3.15c); 10000 bags Porto Ricos,
in port. at 3.525c per h., elf, to War
ner, raising the spot quotation 70
3.525c per h. Other sales of August
shipments to New York and outports
were made at 2 1-2c c. & f. (351c).
Wednesday, the declaration of war
by England against Germany caused
increased excitement in our market,
and 3.S9c per ID. was paid for $4,000
bags Cubas, second-half August, to Ar.
buckle, at 27-Sc c. IF. @....
Very little sugar is offered for sale
at each advance and 3 1-3c c. & f.
t4.26c) is asked in instances at this
writing. The value of sugar is consid.
erably increased by an advance in
freight rates from Cuba to New York
to approximately zoe per 100 lbs,
agar st former rate of SC to &C per
100 lbs. with shipments limited to neu-
tral vessels, marine war risk insurance
being prohibitive by other vessels.
Regular London quotations have
been discontinued since Friday, July
31st, at which time Beet sugars were
quoted at IS. 3d. for July, 9s. 3&d for
August, and IS. Sd. for October ecem-
Der. On August LIST cables were re.