The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-10-30
WiIlett & Gray Contend
That European Sugars
Cannot Enter Our Market

lett & Cray report only one sale of
| 5000 hans CtIbas In rort nj 50o stocks
H. 81 fr.,.aa -. 80, ~, 49,. .5
~ NF''eu ,2satt " ~ "p'' 49, y"sfer
an increase OF l6O,OoO tons from last
year In part they said:
/ Raws-Tbe market for botb raws
- .aa,,a.i ..,,,,,,,.. y -..h,,A !.
- I, rfPS''fe ~ ts'o =.
uehhVcR, when requires some deciped
ae,ion 70 preak, I.
A. 70 rAvs, when holders OF sugar
i9und that at ABOUT 0 re g. y 4, (o.ozc)
tney haa oyerstaid their market anu
Iurlher noi.nhg Tor prohts was useless,
they maze tne Dess OF tne sltnetloh alu
aeeeP.e9 sucn pronts as they nad ieit,
Or y. aowp tneir losses py sel,ng as
.ast as possibie on rapid decline 70
70 9. 1. l2Vzc). (,
| flnulng tne market would 90 even
4. vT sas.s s ~ = ssey p.ss sesS
lusthst, they took htshu ~ - hna
s >. re- tne sugars tnat coltd not pe solu
~ r sha' Pr'ss seashiy. !.
| ny 70 =. 4. iosihe' = NV ~,
- "a ~ SUI $3.50 - San ~ nnauo
&C., ~ ~. ~ ~, 'uSn $500 y s.o
80 o., $500. g., 49,, &C., R'or
s,,sh h,,I;nass a. 49, ~. ~ 1870
ta, d,,,;ns, tha ,ssst IVY ',a sS sa,.;a. q
lcovarsd Ne 1000 49,, c.ha' cant,;e,s ais
lfalen ~ the rh,,el \, "a narv wi III,
l1Ino Mas ~ Per,,s f,li.Jntv s,,oer ~.
Ken NV tho Wa,nar yetinery - ths o5c
lbasis' dutv maid. w
/ No basis was done N ravs ~ cov4r
any demand for homa nse az refined
and. a. a matter AZ fact sneh demand
does mot exist 10 anv e2tapt and NAV
not be exDectea 70 come until tha nres.
emit deadlock a broken. 49,
The action Of reflners has been Oh.
posite Of that Of the raw sugar holders.
For the week ending October rs they
discuss the crop outlook at considerable
| length. Stocks showed further In
crease TO 1S3,400 tons above last year.
In part they state:
Raws.-The deadlock In the sugar
trade noted last week was broken DIR.
ing this week by declines in both raws
and refined.
l The reduction in refined was delayed
iftuo tf6ngs 70 bring in sufficient demand
at home and from abroad TO prevent
a sympathetic decline In raws.
Efforts OF holders to realize ON their
holdings by concessions were made,
bnt buyers showed no interest, having
little or no demand for the refined pro-
/ dnct. Saturday and Monday were
holidays, and on tho resumption of
business Tuesday, a general decline Of
We per ID. in refined brought out re-
pewed efforts to sell raws and resulted
in $4,000. bags nearby Cuba Centrifu,
gals being accepted BY the Warner re-
| fnery AZ the large decline Of 1sc per
j ID. to 4.5c duty paid. a
A sale Of October 9 was made pub.
ic Of 10000 bags Cuba Centrifugals,
in port, equivalent TO 3.TSc per lb- I.
). b. New York, for shipment to tho
/ United Kingdom.
j The decline in raws being more than
the reduction in refined has brought TO
special notice the difference between
the two Of 1.S7e per lb., which does
not help the demand for refined, anil
business makes slow progress. ..s
| As supply and demand govern
4 prices, and present supply is fairly
large and demand small, there seems
little reason TO expect immediately
any material Improvement in tho raw
sugar market, while there Is reason 70
expect further decline in refined "
i There ars some Inducements Ger,
taiply at present basis Of values TO
wait little longer for a better
market. ii. n.
There is this to say about. war, 1t
has its surprises and uncertainties,
and changes the condition of things
frequently. From present sugar con
ditions OF abundant supplies and small
demand, there is in the distance .
probability OF small supplies for large
demand.
The imports Of sugar into Great
Britain for the year September I,
1913, TO August 81, 1914, consisted Of
4l0,64l tons Of Cane sugar, and $751;
I075 tons Of Beet sugar.
The previous year the Imports were
369,20l tons Of Cane sugar and 1,006,-
I6ll tons of Beet sugar and for tho
preceding year 1912, when the Eq-