The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1900-05-11
A BIG ADVANCE N RICE
iNcUEAsEp DEMAND FROM CUBA
AND rORTO RiCo
Porto Rico About Ready 10 Market
Her sugar Hawaiian coffee Likely
60 GO Lowcr-Condltions

San FRANCISCO. May 3-Reccnt
ndviccs from the east are 90 the cf-
feet that rice growers and millers of the
United States recently advanced their
prices on rice &c per pound owing TO
the large requirements OF the Govern
ment for Porto Rico and Cuba. besides
largely increased demand from the
Hawaiian Islands. This is the largest
single advance in rice I'm years past,
and Indications are for a still higher
price I'm the near future.
Rice per 100 pounds; Japan seed, 81;
3-H Japan, S4.95; Japan head, 1875;
Carolina head, 1913.
Sugar-Raw, steady; refined, steady.
SAN JUAN, Porto Rico, April %
The merchants, planters, farmers-1ll
men engaged in Porto Rican Industries
who have been Withholding operations
pending Congressional action are now
ready to invade the commercial field,
and the shiploads of sugar and tobacco
will soon be dispatched to the United
States. II Is interesting to note in this
connection, that the retail price of
cigars will probably soon be
raised the retail dealers claiming that
this step will be necessary on account
of the large shipments to the United
States. Three steamers leaving here
within the next few days will carry over
5000 tons of sugar and about 1,500 bales
of tobacco.
williams, Dimond & Co., under date
of May 1, writing of coffee market,
says:
today is $50 bags; figures quoted in our
! last circular are still held, but jobbers
consider these too high and no sales
have been reported Prices will prob
| ably have to be reduced before business
can be done, unless there is radical
change in the condition of the general
/ market.
Concerning the sugar crop situation
williams. Dimond & Co.. under date of
May l. say:
"Wiilett &, Gray estimate United
! States four ports, April 25th total stock
! III, 692 tons, against 2O2,39 tons, same
time last year. Cuba, six principal
ports 1000 tons, against S6,0S6 tons
total stock in all principal countries at
latest uneven dates by cable, April 49,,
2OS9, 1886 TONS against 2, 0S9,749 tons; de-
ficiency under last year, Ala tons.
Owing to local conditions the New
York market declined the first part of
the month, but improved toward the
| middle of the month, followed by a
| slight reaction. Latest advices indicate
a stronger market, with tone and ten
denotes in favor of the sellers. Cane
| sugars have been in plentiful supply
| from the fact that many Cuban sugars
have been shipped by steamer instead
OF sailing vessels, especially from tne
southside ports, and it is thought that
receipts from this section of the Island
will be discontinued later on when they
have finished grinding.
| Latest estimates of the Cuban crop
have again been reduced from 1886, 900
tons to $4,000 tons, and some authori-
ties reduce it to 300, 900 tons, say nearly
So 900 tons less than last years crop.
From Porto Rico we look for ship
ments after May I'd, although 1t is
thought that these will not exceed 10000
tons, as the total crop for export is
estimated to be from 10000 to $4,000 tons
large portion of it ready for export
having already been disposed of tc
United States refiners."