SUGAR AND THE WAR

Dominion, Volume 8, Issue 2298, 31 October 1914, Page 8

SUGAR AND THE WAR

PROSPECT FOR PRICES. ByTeleerapli-Preea Associatlon-CopyrisM tßec. October. 31, 1.10 a.m.) . Sydney, October 30. < At the half-yearly meeting, the chairman of the Colonial Sugar Company stated that a large business waß done in- refined sugars during the half-year, but the Australian prices were very low compared with elsewhere. The crops that were being harvested in Australia and Fiji were turning out well, owing to the opportune rains. In spite of the troublous times,, the volume of business had not suffered, in fact record sales were ma*de during the half-year. Regarding the position of the world's sugar market, everything depended on the courso of the war. The Continental Powers involved were largely interested in the production of beet sugar, and tliis_would.be seriously curtailed while hostilities lasted. Already there was a sharp advance in the world's prices, and although high rates meant decreased consumption, ,110' doubt the high level values would be maintained until the production of beet.sugar in Europe resumed , its normal > proportions. The company has placed orders in England for another steamer, similar to tho Fiona.