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

Britain and Belgium. All these coun.
tries, except Great Britain. are grow.
ers OF beetroct sugars, estimated 70
reach 5000. 900 tons this season and
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 it's usual markets, perhaps
sufficient for home consumption
The United Kingdom, by its .declar.
alton 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
IL can secure sugar supplies. to the
United States. and already quite large
purchases Cf refined sugars have been
made during the past two days for the
European account. and the prices al
ready psid for granulated refined have
reached &c to 4.25c per III. T. o. b., cash
in bond at New York the latter about
the parity Of 52Jc less 2 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 CuhS 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 i0r export were also i'm
portant factors. Under these condi-
tons series of advances occurred
since last week, when 90 degrees test
CentrifugalS were quoted at 2 9-32c
per lb: cost and freight and 3.29c per
H.. duty paid, until 4.26s was paid to-
day.
On Monday, in absence Of sales, the
quotation remained at 329c per h.,
but buyers appeared to be willing to
pay csc c. & f. (3.39c) for August
and 7-16 c c. & f. (345c) for second
half August shipments, and sellers
wanted 345c for sugars in port. H.
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. & (. t3.45c), end 10000 bags Cuba
Centrifugals. afioat, to Howell, at 215c
c. & f. l3.15cl; 10000 bags Porto Ricos,
in port, at S.525c per h., elf, to War
ner, raising the spot quotation to
3.525c per lb. Other sales of August
shipments to New York and outports
were made at 1-2c c. & +. oslo.
Wednesday, the declaration of war
by England against Germany caused
increased excitement in our market,
and 3.S9c per lib. was paid for $4,000
bags Cubas, second-half August, to Ar
buckle, at 27-Se C. & f.
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,
against former rate of SC to &C per
100 lbs, with shipments limited to neu-
trail 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, IS. sgd. for
August, and IS, SD. for October Decem-.
Der. On August 1st cables were re-