The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-03-19
WILLETT AND GRAY'S
WEEKLY REPORT

The following report Of Willett G
Gray for February "a, received I'm the
Wilhelmina yesterday afternoon
gives the sugar situation up to that
period:
RAWS.-Another week of abnormal
conditions and advances has followed
the remarkable activity and advance
of the preceding week. Spot quo
tations advanced from 4.2Oc. per
pound to 4 soc. per pound, and cost
and freight from g. sac. to o. 4c. per
pound for prompt and &c for second
half March, the offerings at the close
being limited and generally at a slight
/ advance asked.
Europe however, made the largest
advance, from 13s. lid. per cwt.
equal to 4 sec. New York to 13s. 10
i1-2d., equal to 4 Csc. New York It
/ is a notable feature that Cane Javas
advanced to las. Sd. per cwt., which
! is just the equivalent of 1915 C. c.
( & f. New York for Cuba CentEifugals,
so that in regard to Cane sugars Lon
don and New York are at the same
parity, while the parity difference. Of
European Beet, sugar and Cuba Cen
trifugals is 65c.l per 100 pounds less
, for Cubas. A rise of I'D. in Lon
don on one day of the week led 70
quite an unsettlement of values here
and has restricted business up TO
the present writing.
The sales of the week comprised
10000 bags on Friday of prompt and
March shipment at 2 7-8c. C. & f..
(4.2 4c) and 10000 to 10000 bags
Porto Ricos at 1 235c. c l. f. deliver
ed European operators also bought
at 2. 94c. c. & f. (4.90c) and San Do
mingos were sold to the United King
dom at 13s. Sd. C. l. f. Some San Do
mingo Centrifugals were sold to Unit
ed Kingdom on Monday at lbs. Cd. c.
|. f.; $4,000 bags Cubas for prompt
and March shipment were sold On
Monday at 2 94c C. C f. (4.90c) to
refiners and 100000 bags of second
half March Cuba Centrifugals to oper-
ators at 2. 94c. C. & f. a. 30c.) ! Yes
terday, sale of second half March
and April shipment was made to New
Yorw regners at &c. c. & f., with re-
ports of larger PURCHASERS at the
same basis.
The immediate cause Of the ad
vance in Europe was placed to the
credit of news from CUBA that the
crop was suffering from drought
Operators are still in the market
J for Cuba Centrifugals at full-up prices
for April and May shipment, and a
the same time are reported as meet
ing the market with resales at cur.
rent prices in Europe but not here
1t will require a few days for the
a markets to become better settled.
t Tuesdays Cuba cable gave reduced
< receipts of $4,000 tons, against 74,OO'
= tons last week, with exports 31,OOO
e tons and stocks 100000 tons, with IL
l Centrals grinding and crop suffering
from drought, since when nothiDl
further has been reported regarding
r the injury from drought. We pub
u fish an interesting letter from Glen
fuegos touching on this point, indi
eating that the damage from drough
: is noted in sections but is not gen
eral.
| Receipts in the United States Fou
Ports were 417,39O tons, include Al,
975 tons from Cuba, 1889 tons fron
Porto Rico and 3,26S tons from Ha
wall and 1876 tons of domestic. Onl
1913 tons came from other West In
dies of full duty sugars, which wa
imported by consumers. =.
| We estimate the production of su
gar in the entire island of Cuba t
date 645,OOO tons. Adding to thi
the same production as last year afte
| this date would give a total crop c
| 1,637,OOO tons.
| Y There is little of interest from 9th
| err producing countries excepting tina
| both the Hawaiian Islands and tn
| Philippines have had severe storms
| which has interfered with the open
| ing Of the compaign in both terri
tories. ~