Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

MORE SUGAR COMING.

THE SUPPLIES FROM JAVA. "A VERY GOOD THING FOR THE COMMUNITY.” FROM £lOO TO £3l PER TON. A • leading Wellington wholesale merchant, interviewed by a Times representative with regard to the position in connection with Java sugar, stated that no large quantities of this sugar had as yet been sold in New Zealand.

“There is,” he added “no direct connection between Java and this country; any shipments coming forward have to come via Sydney, and in the present disorganised state of the intercolonial steamer traffic it is difficult to say when buyers will get deliveries. The sugar would be sold f.o.b. Java, or f.o.b. Sydney, and freight, insurance, and other charges from Java or Sydney to New Zealand, as the case might be, would have to be added to the price quoted. 1 do not think there will be any disturbance of the trade here, for some little time, at all events. Anyhow, I don’t consider that it will affect the retail trade for some time to come. POSITION OF GOVERNMENT. “So far as I understand, the Sugar Refining Company has got good supplies up in Auckland, but it has had difficulty in getting the sugar to the retailers, owing to the. irregularity of the steamers. Of course, the position really affects the Government mure than the 'merchants, as the Government has bought the season’s crop and has arranged with the Colonial Sugar Refining Company to refine and distribute it. There is a big drop in the sugar market in Java,' and large quantities may be coming forward. The merchants, naturally, will always buy in the cheapest market, and the Government could not insist upon them selling sugar which cost them, over all, say, £3J to £36 a ton at the present fixed price of £+B per ton. because that would at once be profiteering. Still, it will be a good thing for the community if sugar does go back in price—a very good tiling.” Another business man, who expressed very similar views, added, “The sooner we get rid of all this Government control the better. It is hampering business.” FALL FROM £lOO PER TON.

Yet another leading merchant informed our representative that eight or nine months ago Java sugar was offered in New Zealand in the vicinity of £lOO a ton. Within two months, however, it fell to £7O, and now it was quoted at about £3l or £32 per ton, c.i.f. Sydney. With transhipment charges, etc., it would probably cost another £3 or £4 a ton to bring it over to NewZealand. His firm had already brought in considerable parcels of Java sugar foi biscuit manufacturers, sweet manufacturers, and jam manufacturers, and also for the retail trade; and the whole of those supplied were entirely satisfied with it. This was at a somewhat higher price. A further 300 or 400 tons, for which freight had been obtained, had been very eagerly taken up. though it had not vet come to hand. The cheaper sugar—the £3l to £32 c.i.f. sugar—would not be landing in New Zealand for about six weeks yet. SUGAR IN BIG DEMAND. Being shown a sample of the Java suo-ar. our representative found that it had a\very slight yellow tint. The sellers, stated the merchant, always advised buyers of the fact. The yellow tinge was due to the fact that, speaking technically, the Java sugar did not undergo the final “charcoal prouess of refining adopted by the Colonial Sugar Company. The importers, he added, were working in pnitire harmony with the Board of Trade, who advised them that, owing to the limited amount of sugar which the Colonial Sugar Company could supply, the Government was only too pleased that manufacturers and others should import this Java sugar. Evidently, he remarked, the Java sugar people had been making prdtty big profits out of sugar during the war, as he happened to know that before (the war Java sugar was selling here at from £l2 to, £l3 a ton, and the cost of production in Java had not gone up very much. He was of opinion that this sugar was undoubtedly coming in in considerable quantities. The demand for it was very large, and the orders were really only limited by the freight available and the difficulties of transhipping from Sydney. The Java sugar had been largely imported in Dunedin, Christchurch, and other centres, besides Wellington, and was freely used by sweet and jam manufacturers and others. More had gone into Dunedin than to any other centre.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/TDN19210104.2.42

Bibliographic details
Ngā taipitopito pukapuka

Taranaki Daily News, 4 January 1921, Page 5

Word count
Tapeke kupu
752

MORE SUGAR COMING. Taranaki Daily News, 4 January 1921, Page 5

MORE SUGAR COMING. Taranaki Daily News, 4 January 1921, Page 5

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert