Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-06-18
WKLETf s GRAY
REPORT ON
SUGAR Is.

Willett & Gray's sugar journal for
June 5 has the following report on
! the sugar industry and the tariff sit
uation: .-:< s.. >....
STATISTICS BY SPECIAL CA
BEES.-Cuba: The six principal ports:
Receipts, $4,000 tons; exports, $4,000
tons; stock, 611,000 tons. ~. -.
Centrals grinding 81, against 1o4
last week, 81 last year and IA in
1911. <@.,...... :...... -. II r.,
Receipts Island GO 900 tons, against
50 900 tons last week, $4,000 tons last
year and $4,000 tons in 1911. ~.
Stocks in the United States and
Cuba together of 1,094,41s tons,
against 1,0S7.669 tons last week and
722,364 tons last year, an increase OF
372,054 tons from last year.
Europe. Stock in Europe, 2,644,000
tons, against 1,87S,000 tons last year.
VISIBLE SUPPLY.-Total stock of
Europe and America, 3,738,41S tons.
against 2,600,364 tons last year at the
same uneven dates. The increase of
stock is 1,13S,054 tons against an in
crease of 1,080,346 tons last week.
Total stocks and afloats together
show visible supply of 3,944,41S tons
against 2,75S,364 tons last year, or an
increase of 1,1S6,054 tons.
RAWS.- Quotations are unchanged
from last week, at basis of 3.33c per
lb. for Cubas and $50 per lb, for
Porto Rico of 96 deg. test.
Some increased ffrmness has been
shown by sellers, who used the Gu
ban and European news to obtain a
slight advance to &c c. & f., at which
one lot of 10000 bags Cubas, for late
June shipment, was taken by refin-
Later news from Europe has des-
troyed the former effect.
The market for Cubas at / 31-32c c.
& f. was and is quite steady, but the
single sale at &c c. & f. brought out
so many sellers anxious to realize
at this price, that it is doubtful if
the market will be established above
31-32c 1890 c. & f. for prompt
shipment or above &c C. & f. for flu
lures of late July.
Porto Ricos for prompt shipment
sold at the Cuban parity of 3.33c per
lib. on one day, but later sold and
closed at 3.30c per ID.
Our regular weekly Cuba cable was
of more interest and importance than
usual, as it reported the beginning of
the rainy season and large reduction
of Centrals grinding to 81, with re.
duced receipts for Island of $1,000
tons.
Further stopping of Centrals will
follow speedily, but some will no
doubt continue as usual for a month
or two yet.
The free on board, Cuba value OF &c
degree CentTifugalsa advanced from
1.S5c to I.9Gc perRlbs at which 200t
tons late June loading was placed
equal to 9s I'd G. f. & l.. to United
Kingdom.
Large sales of Cubas are reported
at the close to the United Kingdom al
Ei.90c. f. o. b. Cuba, quantity estimated
at $4,000 tons.
Stock in Cuba made it's first reduc
tlon this week The stock in the
United States atlantic ports and New
Orleans) and Cuba (all portsl together
is 1,094,418 tons. against 1857, 669 tons
last week and 722, 1854 tons last year
The Cuban cable gave temporary
rise to European beet sugar from
SIS 3%d to 9s 51ld. but is followed by
reduction to 9s, 41sd at the close fol
June delivery.
F. O. LIGHT continues to report ia
yarable weather for. the European beef
crops. ~.
Our Philippine Islands cable, here
with, is interesting, as showing thai
notwithstanding these sugars are free
of duty here, they are not coming this
way, and find better markets else
where.
Immediately following the removal
of duties some importers began bring
j ing these sugars forward, say in 1910
96,65S tons; 1911. 16S,40S tons, and
1912, 131 1872 tons.
The high prices here of 1911 anf
favorable prices of 1912 gave fairly
good results to some of these imports
but the low prices now ruling fol
Cuba, Porto Rico and Hawaiian sugars
| afford nc, margin here for the Philip
pine sugars against prices prevailing
in Eastern markets. ~ 49,: 49, r..
TARIFF. = Change Tfn Ways and
Means Committee. = ME Shackleford
of Missouri having been made chair
man of the new committee on roads
has resigned from the ways and means
committee and Mr.. Clement C. Dickin
son of Missouri has been appointed in
his place. t,@.. ..:.~ 49,. i
TARIFF. = Washington, May 2S
/ 1913.-The sugar duty advocates here
have been much stirred by charge
by the president that there is an active
lobby in Washington opposing the Ull
! derwood bill He did not name the
Suoat Schad1Iln SnnnificallN- hut nNern.