The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-09-04
Consumers Buying Large
Advance Supply Of Sugar
THIS GIVEN AS PARTIAL EXPLANATION FOR RAPID AID
VANCE IN PRICE or STAPLE PRODUCT @
DURING PAST FOUR WEEKS

During the week raws declined o52e.
Refined advanced 0.49c. Net cash quota
tions khis date are: Cantrifngnia, a.00e.
Granulated, 7.35c. Difference, l.ssc.
Receipts, ss,1OI tons. MEETINGS, $4,000
tons. Total Stock in Atlantic Ports
Bas, 948 tons, against 500, PAS toas last
week and 2s9, 5SS tons last year, says
Willgtt and Gray's Satisfied Sugar
Trade Journal for August 70.
Estimated ,afoats to the Uuted States
from Cuba and Porto Rico, 10000 tons;
Hawaii, 10000 tons, Philippine Islands,
10000 tons. Total 100000 tons, against
total $4,000 tons last year. There are
$4,000 tons Java aaoat that may be
available for III, S.te r
Net Cash Prices Refined.-- the low
est price named for refined here on this
date Is basis of Cane Fine Granulated,
an barrels, at 7.35e. net cash. sittlA4
Statistics by Special Cables. Cuba.
The six principal ports: sa3
Receipts, 5000 tons; exports, 2l,O00;
stock, 100000 tons, against 25S,000 tons
last year. "a
Centrals grinding, 3, against last
Entire Island receipts for week, 1000
TONS. aginst $4,000 tons last week, 49,
600 tons last year aud 1900 tons in
1919.
Stocks in the United States and Cuba
together of 7ls,257 tons, against 1877
400 tons last week and COZ, 400 tons
last wear. an increase Of ll5;S57 tons
from last year. 800
Large sales Made.
Raws.--The pfesent week marks the
top Of the present upward movement in
raw sugars. large sales having been
mnde at 5lse e. & f., say -t6.25e, duty
paid. While this price was frst touch
ed on Thursday, the 18th inst, business
continued through this week up TO
Tuesday, the 18th inst, on this basis.
A further advance in this market Is
almost entirely influenced by the needs
Of the United Kingdom, and this -ques-
ton Of supplies j. almost impossible to
nscertain, for the reason that mo adj
vices have come from the United King
dom of supplies purchased from other
countries than the United States. IL
would appear from cabled Information
received here from British Colonies end
various parts of the world that the BTi-
| fish Government has communicated all
available sugar supplies in British Pos
sessions. Furthermore, the notion Of the
| British Government in limiting whole
! sale and retail prices of refined sugar,
which reports is not vet officially con
frmed, has tended to check the adj
vance here. sas
Under the above eoBdi tons our mark
ct eased OF yesterday with sales at
55.l6c g. e. 4. (633c), followed by sales
Mt SIZE G. & (. (627c), which latter
4 quotai ion prevails at the close. Septem
her shipment sold yesterday at 5asc C..
& Z. (6.S9c). r.,.
With further reference to the Bri-
fish Government limiting wholesale
prices, unofficial reports quote maxi
mum price for Granulated from August
4 9TH, 35s. (7.63c per lb.) Wholesale and
AID. per ID. retail. Present quotation
is reported as 29s,, equal to 6.SSe per
ID. +. i@ r. + ,a,naa rrs a.. ~
Another peculiar incident happening
during the week IL the storing in New
York of two cargOes of Gubas by
Canadian refners, the market value OF
same being the value Of refined sugar
in Canada. 81. ,.,, ,..o. &
Our cable from Cuba reports nothing
special, there still being three Centrls
\ grinding. A.. The weather Is very dry
but more rain has fallen recently and,
! Il favorable weather prevails from now
ON, good crop will be realized. j, ,
Java cabled us on the thirteenth inst.
that there ware IL 900 tons forwarded
10 Europe during the month OF July.
! While these sugars have no American
options, in case Of necessity they could
10 diverted 10 the United States. Total
Java exports during july are figured as
only $4,000 tons, making a total OF
100000 tons since April /, 1914, against
l8l0.9l7 tons last year, indicating a
backward crop due 10 too dry weather.
In Path Of Warning Armies.
We print a very Interesting article
showing the localities of the chief beet
growing. districts in Europe, Of the diff
| ferent countries now In the war zone.
lit appears that France produces most
of its crop immediately In the path of
the eontending armies. as the fields lie
between the Belgium border and Paris.
The present reported sighting Is direct
| ly IN the beet fields Of Belgium. Ger
many produces little sugar near Bel
GUM and France, but large quantity
is produced in the east on the Russian
border. Russia produces considerable
sugar in Poland on the German border
and also near the Austrian borden.
Austria produces little sugar near the
frontiers. ", a y: 1
la Hawaii, Philippines, as we'll as for
our domestic beet CROP, reports are
generally favorable. Louisiana, also,
Experienced very favorable weather,
hut the growth appears to be below
the average owing TO unfavorahle
early conditions, While no estimate
has been made by us of this latter
crop, 290,000i tons appears to be the
most talked of figure. If favorable
conditions continue in the Philippines,
some additions win nrobably he made
TO crop estimate In domestic beets
an early harvest is expected in the
Eastern States, provided favorable
weather obtains from now on. Cali
fnPnia Ia olreadv. ahiDDinV anUar