The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-11-09
.FIVE-CENT SUGAR
TO OPEN SEASON

at looks as if the season will start
in with fve-cent sugar
This statement was made this morn
ing by John Warehouse, of Alexander
& Baldwin, who bases his belief upon
a cablegram received from New York
this morning The cablegram states,
in effect, that holders of Cuban raws
are asking 511 for December ship
ment by steamer to New York, but
that they would probably accept
twelve cents less.
Five-cent sugar to start the season
means continued prosperity for Ha-
waii, particularly in view of the fact
that present indications are for an ev-
cellept crop in these islands. Those
who feared a lower price consequent
upon the recently falling market, are
feeling correspondingly encouraged.
Letters received this morning by
various sugar firms contain some in
teresting information concerning SUI
gar conditions throughout the produc-
ing world and the financial centers
From information received by vari-
, Gus of the New York houses, it ap-
| pears that the Cuban crop may be
considerably larger than was former
ly anticipated. One letter states that
York that the hurricane which was re-
ported to have swept Cuba and dam
aged the sugar crop did not in reality
cross the island. On the other hand
beneficial rains in Cuba have been re:
, ported. If these reports are verified,
it is estimated that the new crop
should be increased by at least 100000
tons. One New York house, on this
contingency, predicts as much as a
1000, O00-ton crop, but others are more
conservative. They all agree, how
ever, that the rains, if they have oc-
Cured can not but considerably in
crease the output Messrs. Guma-Me-
ier state that they expect the crop to
run between 100000 to 100000 tons.
Guma-Mejer have published their final
+ figures for the 19lO-1911 Cuban crop
+ making the total output ,4S3, 900 tons
I as compared with 100000 tons in
5 1909-191O.
e Private correspondence from New
York, dated October 2S, states that, If
the reports of recent rains in Cuba
! are verified the crop ought to total
2 about 100000 TONS an increase of
+ 100000 tons over the previous esti-
! mate. The same letter states that
t there are complaints of the Cuban
/ cane being short and much behind in
growth for this time of year.
r The Czarnikow-Rionda Company, in
5 a circular letter dated October 81
! state that the rams may increase the
Cuban crop by as much as 100000
tons.
, Reports from Louisiana are to the
, effect that the crop is as yet far from
! ripe, but that the tonnage is much
: above the ordinary
. The Porto Rican crop is reported as
T being in very good shape, with esti
mates of an output of 100000 tons
European reports continue to point
. to heavy shortage Following F. o
LIGHTS estimate of an output of g.,
$4,000 tons for all Europe, the Asso
! ciated Factories have issued their es
C innate, which places the probable pro
! duction at 6,0341 Both these est
.. mates, however, are but tentative, ant
d, may be very much changed by fina
results.
1t is reported that the stock of bee
. seed in Europe for next year is none
G too large and, besides, is of inferior
quality.
1t does not now appear that any ac
ton is liable TO be taken by the Brus
seLs convention much before mex
o March on the application of Russia
for permission to increase her export,
; from the present allowed basis o
o 100000 tons to 100000 tons. 1t i.
probable that action will be deferred
awaiting more definite estimates Of
., the total shortage of the European
9 crop.
q LIQUID CURES ECZEMA