Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20

Willctt & Gray's Sugar Trade
Journal for December says:
Statistics by Special Cables,-Cuba.
New Crop.-1'he six principal ports:
Receipts, none; exports. nones
stock, none.
Centrals grinding, s. against l last
week and 8 last year
. Entire Island receipts for week.
none. against none last week and 1909
tons last year.
Stocks in the United States and Gu
ba 107,772 tons, against 135,3S5 tons
last week and $3.50 tons last year,
an increase Of 41.243 tons from last
year.
Europe-Stock in Europe. 1893, 900
tons, against 1,634,O00 tons last year.
Visible Supply-Total stock of Eu-
rope and America, 1,S70,772 tons
against 1,700,529 tons last year at the
same uneven dates. The increase of
stock is 1929 tons against an in
crease of 1888 tons last week. To-
tai stocks and afloats together show
visible supply of 1,906,772 tons
against 1862, 529 tons last year, or an
increase OF 144,243 tons.
Raws.-The market closed last
week with centrifugals at S.61c per
Ib. duty paid.
Following the holiday. the market
opened with an easier tone and tend
ency, the new Cuba crop showing
signs of more early start than last
year. with indications of an increased
number of centrals working. Also
increased receipts came into New Or
leans from the Louisiana plantations
reducing quotations there.
No change in quotation for spot
stored sugars, however, was made,
and such quotation is still 3.61c per
ID. duty. paid, but normal as these
stored sugars are reduced to 1851
tons and are practically ignored, all
actual business being switched over
TO new crop supplies.
On Friday the Howell refineries
bought 1900 tons Of louisiana sugar,
mostly based on Is cents per 100 lbs.
below New York quotation on day Of
delivery. in New Orleans. On Satur-
day the values of new crop Cuba CEN
trifugals we're stated at 24c c.&f. for
December, Q Slice ca&f. for early jan
rary and 2he for late January and
February, but buyers showed no inter
est On Monday sellers gave way
slightly, making it possible to effect
the first sales Of new crop sugars,
which amounted to about 10000
bags including December clearance at
2 CSC c.&f. ,(3.54c duty paid), and
first-half January at 21sc c.&f.4t3.4Scl,
all taken by the American.
s On Tuesday offerings increased at
the sales basis and included second
half January at 3-s2c.s c.&f, Febru-
airy at 2 1-16c to 21sc. c.&f. but ne
sales were confirmed On Wednes.
day the off/ings increased and in.
cluded combined shipment of De
cember at. 21sc c.&f with January at
2 3-32c c.&f., but with both Europe
and the United States in a declining
mood, buyers withheld from the mar
ket. Thus much for actual condi-
items 3.54c from store, 3.4Sc per ib.
for late December, 3.42c for early Ian.
uary arrival and 3.39c for later Jan.
Lary.
4 AS to when and where ana at Wnal
price the downward trend VIII stop.
we consider that the q. K. win have
the most to say.
Notwithstanding the dulltass aboard
beet quotations at the parity of 3.97e
per lB. landed New York are 36c per
100 lbs. above our spot market, and
at &c for Janua:g beets ldnJed agains'
!. 4sc for January eentrifuga.s. say 52c
per 100 lbs. above cur parity. A de.
cline to IS for beet will be below cost
Of production of the present European
crops. A decline to L95c per lb. +. o.
b. Cuba will be close to lowest aver
age cost of production in Cuba. At
1.95e per lb. I. o. b. Cuba there is
no demand from Europe, but at 1.s0c
I. o. b. the u. K. should enter the
Cuba market to some extent at least,