The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-07-31
Wlllett and Gray's Resume

According to Willett q Gray's report
for the week ending July 16 the visible
supply has increased 100000 tons, The
low price of raws is due to the in.
ereased stocks. Only seven Cuban cen.
trails are grinding, A rise in prices is
predicted because of the increased con
sumption. June rains were short in
Cuba. The report in part is as follows;
y. s. Atlantic Ports Markets Sales
at New York:
July 9.-Abopt 10000 bags San Do
mingo Centrifugals, at Delaware Break.
water, basis 96', at 2,OO5e. refuers.
July l0.-20,00O bags Porto Rieos, in
port, basis 9G', at S.26e, American; H..
600 bags Cubas, anoat, basis 9G', at
29.S2c c. & (. tS.29e), Warner. ,."
July l8.-,TOoo bags Cuba, aaoat, basis
90, at 5.lGc c. & T. (9.92c), Federal;
9O.l0O,OO0 bags Cnba, sesond.half July,
basis 80, at 25.i6e G. 4 f. (S.S2e),
various refners. ag.. y. +#.t...
July l4.-S0,OOO bags Cubas, August
clearance, basis 90, at Slice G. a f.
! (S.32c), Arbuekle; 1920, 900 bags Cubas,
afoat, basis 96', at 29-32c c. q {.
(3.29c), Warner.
July l5.r20,OOO bags Cubas, afioat
basis 96o, at 2hc c. x f. (3.26c), Ar.
buckle; 10000 bags Porto Ricos, In port
basis 9G', at 3.29c less lighterage, equal
to S.26c, Howell; 1900 bags San Domin.
Cos, due Saturday, basis 96', ut 2.005c
| c. I. & /. [S.26e), Arbuckle.
July l6.--l5,000 bags Cubas, afloat
basis 9G', at .2Hc c. & {. (3.26c), Fed.
eral. ..a.' ,.... ''.'
/ The Week Net cash quotations this
date are: Centrifugals, S.26c; granu'
lated, 4.214c. Difference 0.954e Re
ceipts, 93,3l5 tons. Meetings., $4,000
tons. Total stock in Atlantic ports 3s5,
53T tons, against $50, 222 tons last week
and 81 AS tons last year. .}
Estimated afoats to the United State,
, from Cuba and Porto Rico, $4,000 tons
Hawaii, $4,000 tons; Philippine Islands
$4,000 tons. Total $4,000 tons, against
total l0l,O 600 tons last year. There are
$4,000 tons ,lavas ahoat that may be
available for United States. a"
Statistics by Special Cables.-Cuba
The six principal ports: Receipts 200C
tons; exports, $4,000; stock, 3S6,00(
IONS against 427,000 tons last year. Cen
trails grinding, seven, against nine last
week, l2 last year and fifteen in 1912
Entire island receipts for week, 10,
900 tons, against II 900 tons last week
$4,000 tons last year and 10000 tons il
1912. f.' sd .,,s. ~
Stocks in the United States and Cuba
together of 92l ,424 tons, against 932 ,03l
tons last week and sT2,0S6 tons last
year, an increase of 49,33S tons from
last year. r.. p So, +.
Europe.-Stoek in Europe, 1,9S4,00(
tons, against J $4,000 tons last year.
Visible Supply.-Total stock of Eu
rope and America, ,2,9O5,42 tons against
2,74S,0S6 tons last year at the same un
even dates. The increase of stock i.
l57 1888 tons against an increase of 1856,
afloats together show a visible supply
of 3,079,424 tons against 2,S99,0S6 toni
last year, or-an increase of 0,33S tons
Raws.-During the week under re
view the market has been under the
influence of an oversupply of sugar fol
sale, and it has been somewhat difficult
for buyers to absorb the offerings anC
at the same time keep prices compare
lively supply. This has been done, how
even aud the week ends steady at the
current sport quotations.
The movements of the week were a.
follows: After free sales on Thursday
at 3.26 to the American, which rehevec
the market for the time being, Friday
the Warner took $4,000 bags Cuba cen
trifugals afioat at S.29 raising the spot
quotation to 3.29c for 90 test.
On Monday the Federal took 70OC
bags Cubas afoat ut 2 Slice c. 4 f., rails
ing spot quotation to S32e per pound
duty paid. Other refneTs took l00,00t
bags for seeond-half July at the sam'
price. .... ,.G...... '.-..g '...'. .,
The market was strengthened to thii
extent by European advance in bee
sugar.
On Tuesday the Arbuckle took $4,000
bags Cubas for August shipment at 3.32
and the market showed an easier tom
for early arrivals and sugar in por
awaiting sale. The Warner took 10000
bags Cubas atloat at 3.29.
On Wednesday Europe came dull an(
easier at nd, decline in beets, and thi'
news influenced our market to the ex
tent of sellers making u concession o.
l,32e to effect sales. .a.. '.%.
From the accommodating supplies tn,
Arbuckle took 10000 bags Cubas afloat
at 2Hc. at T., reducing spot quotation
back to .S.26c, duty paid, as they were
week ago; 10000 bags Porto Rico,
in port were taken by the Howell re
fneries at the same price and 1000 bag
San DQmingos, full.duty sugars. were
taken by Arbuckle at zoos G. |. f., equa
TO 3.26c per ID. full duty paid.
Canada seems to be over suppHec
with West India sugar at the momcut
and hence these find their way to tn,
United States even at the disadvantage
Of higher rate of duties-.252 per ID.
The ussold excess of supplies IN port
last week, waiting sale, were inc ;easeC
by very large arrivals at Atlantic port,
-93,3l5 tons--increasing stock 1871;
tons to $50, 537 tons.
The weeks buying, however oasel
the conditions so much that further re
action in prices may be avoided il hold
eTs are conservative in their Offering!