The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1912-02-14
WILLETT 8 GRAY
lNontinued from nage nve.l


/ low point of the downward reaction
previously made, say 14s. cad. Ollie,
although January beets from 5s.
SID. on Thursday of last week drop
ped back to 15s on Tuesday week,
recovering to 15s 2Ad at the close.
Any important improvement in Eu-
rope is held back for the time being
! by the uncertainty still attending the
amount of the Russian exports to be
/ increased at the session at Brussels
which begins on the Goth instant
Conflicting views are given out from
German producers, especially, both
in favor and against allowing increas-
sed exports from Russia, but a sub
stantial increase is generally anticipat-
ed and already discounted to some ex-
tent at least
In the meantime both French and
English refiners have been active in
securing such available supplies of
Javas and beets as were unsold, in
dicating that sooner or later there
will be felt in Europe situation gov
erned very strongly by actual scar
city of supplies which is not felt at
the moment under sufficient stocks
Immediately at hand.
1t will not do to count Cuba out of
the coming possibilities of European
wants, and in this view it may fairly
be considered that present planters
prices are at the near low point of
the campaign, being today sec per
lb. below Hamburg parity for Febru-
airy deliveries.
Europe counts now in calling upon
Cuba if stringent circumstances arise
for supplies, but such confidence may
be misplaced in the event of the pas
sage by our congress reducing duties
on Cuba sugar of sc deg. test to soc.
per 100 lbs, as indicated elsewhere.
This action might effectually shut out
Europe from present competition for
Cuba sugars. The extreme. estimates
of the Cuba crop are being questioned
from several sources as indicated here
with. The figures of receipts thus far
show a marked decrease from the
corresponding receipts of the large
crop 1,SO4,349 tons totaD, of two
wears ago, being $4,000 tons less to
date, but this may come from the crop
making being more or less limited TO
the filling of contracts while waiting
for better sugar ccutent before for
cling the production.
Weather conditions have evidently
varied materially in different sections
of the island, and more uniformity is
required to facilitate and improve the
crop prospects.
Our market has sympathized with
the foreign movement to extent of &C.
per 100 lis. decline in centrifugals for
the week to 4.39c., pasis SO deg. test,
! but there has been a disposition by
our. buyers to use easier conditions,
considered more or less temporary,
to accumulate supplies for one months
requirements against sales of refined
making at corresponding declines.
Free purchases will no doubt continue
! if such can be made at or near &c.
c. & f., but at this figure the planters
show great resistance, at the same
time watching the developments in
Europe.
Crop reports from other countries
are generally favorable, except from
Brazil where a reduction of $4,000 tons
is made in the earlier estimates, and
from Peru where the crop is suffering
from drought.
Tariff.-A tariff bill on sugar vii
be introduced into the House OF Rep
resentatives very soon from the ways
and means committee, based upon the
hearings of the special committee o.
the House of Representatives whicf
committee has been constantly en-
gagged for several months in taking
thorough evidence upon differen
phases of the sugar question, mucl
; of which has a special bearing upol
tariff conditions.
The ways and means committee VII
: probably hold no hearings. 1t IS re