The Hawaiian gazette., 1914-08-14

In their review for the week ending
July 80, willett 4 Gray throw some
interesting sidelights on the sugar situ-
alton as prceipitated BY the European
war. they point out how the present
European beet crop is larger than in
any other war time and crop of the
present size must suffer consequently
greater damage from laborers beipg
drawn into army service. All eohdi.
tions point TO the detriment of the
European sugar crop aud correspond
ing benefit TO the industry in the Unit,
ed States with consequent increase in
prices. rho report says in part:
The Week - Receipts, T2,S47 tons,
Meetings., $4,000 tons. Total stock In
Atlantic ports 39l ,S64 tons, against
374,Ol7 tons last week and 341 500 tons
last year. ,s.n
Estimated afloats to the United
States from Cuba and Porto Rico, So
600 tons; Hawaii, $4,000 tons. Philip
pine Islands, $4,000 tons. Total 1884,
900 tons, against total $4,000 tons last
year. There are $4,000 tons jaws
snoat that may be available for Unit
cd States. a.
Statistics BY Special Cables.--Cuba:
The six principal ports: lIa
Receipts, 5000 tons; exports $4,000:
stock 322, 900 tons, against 34l 900 tons
last year t'Ir
Cehtrals grinding A, against 5 last
week, s last year and 10 In 1912,
Entire Island receipts for week 10000
tons, against $4,000 tons last week
10000 tons last year and 1000 tons in
1912.
stocks in the United States and Cuba
together of S35,5l6 tons, against S63,
07S tons last week and 74S,6SS tons
last year, an increase Of S6,S2S tons
from last year. .-
Europe. Stock in Europe 1,0lS,00C
tons, ngaiust 10000 tons last year.
Visible Supply Total stock of Eu
rope and America, 2,7s3, $40 tons against
1857 ,GSS tons last year at the same
uneven dates. The increase of stock
ia POS ,S2S tons against an increase Of
and ahoats together show a visible
supply Of 2,94T,5l6 tons against 1883,
GsS tons last year, or an increase Of
263, s2S tons 49,. 49,
Raws.--Thc week under review has
been one of extreme excitement abroad
but not participated in to any great
extent as yet by the United States.
Beet sugar, which last week was
quoted at the very low point of '9s
gid, fob. Hamburg, for prompt anC
at 9s. 81. for August and 9s. AID. TO,
new crop October-Decembe has since
changed to 9s, lid for July, 9s. sad
for August old crop, and 0s, 3D.. FOL
October December new crop, This il
an unexpected event, possibly the be
ginning of an extraordinary rise foI
i this season of the year, growing out OF
the European alarms as to the outbreal
of a general war involving the mos
important of European countries.
The harvesting Of the next crops o.
beets under war conditions win DO thu
critical crop period.
In the event Of general war, nat
urally sugar will rise materially, TIT
beet crops Of Europe, now over 5000,
600 tons, cover more acres and requiri
more individual labor than at any pre-
yious war crisis period, when the crop
were l,000,00O TO i,500,D0O tons {lS70
l1S77), and at the same time the popu
lation has not Increased proportionalls
anu tIul " Nht pftotfii anu ihAo
necessarily suffer greater. damage from
iaborers drawn into the army to
much greater extent than was possible
on the much. smaller crops OF Europe
1t seoms possible that the Austrian
sugar crop will suffer directly from
even war limited to Servia. while tn
mobilization of Germany, Russia an,
other countries are conditions detri
mental to crop. Interests. AS to price
starting from the low point Of abou
9s. or cost of production, there Is room
for a much greater rise in prices thai
Iif present values were on highe
| level. r. 5000 rt Eel. al,
IL looks, therefore, as IL an impOrtan
advance IL sugar values is quite nea
at hand, Ia which the United state
win participate TO an extent SHOULD
! war occur, ...
Quotations, therefore, have not ad
vanced materially from last week a
2he {. and +. (3,26c per 10. duty paid }
I and the, only difference is that Their
are buyers and no sellers at the clos
at l.32c per ID. above this quotation
and that futures for August are gen
orally Withdrawn, or. mo longer oifere
! at 2 3-Sc c. and {, (3.S9c), although