The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-06-26
Report, SHOWS !.
GOOD FEATURES
Willstt a Gray Declare Stocks in
United States and Cuba
Show Decrease.

the United States and Cuba have dc.
creased 1857 tons from last wear
while European stocks are LOG, 900 tons
more than n year ago. The inercnse
Of stock in Europe AMI America Is
CLIPS tons over last year as compared
with 7S,34S tons last week. The Ham.
burg parity at New York is now %
cents above Cuban parity. Shipments
OF Java cargoes are predicted for DE.
tober delivery. Increased Consumption
Of reRnod Is predicted. The report is
in part as follows:
Net Cash Prices Refined .-Tbe low.
est price named for refined here on
this date is basis Of Cane Fine Jirrlai.
lated, inAharrels, at alice ner cnsh.
Statistics by Special Cablos.-Cuba.
The six principal ports;
Receipts, $4,000 tons; exports, 81
900; stock, $4,000 tons, against $685.
900 tons last year. .ls.H
Ceptrals grinding, 2s, against 80
last week, 40 last year and 2S in 1912.
Entire Island receipts for week, 49,.
600 tons, against $4,000 tons last week
$4,000 tons last year and $4,000 tens
in 1912.
Stocks in the United States end
Cuba together of ,02g, 7j4 tons, against
1877, T66 tons last week and 1851, 63l
tons last year, decrease of 4l,s77
tons from last year. .
Europe.--Stoek In Europe, 2,65l,00
tons, against 2,545,0OO tons last year
Visible Supply = Total stock Of
Europe and America, 3,0S0,T5I tons
against 8,6l6,63l tons last year at the
same uneven dates. The increase Of
stock is 64.l23 tons against an iperense
of 1913 tons last week. Total stocks
and afioats tonether show visible sup
ply Of 3,S9O,754 tons against $3.50, 63l
tons last year, or an increase Of Ss,l23
tons.
Raws.--A moderate business hhs
been done on quiet market at 3.20e
per h. At this quotation the down
ward trend stopped on Wednesday and
the upward trend is again renewed.
The sales "Wednesday included IL,
900 bags Cuhas, atlOat, at 3.S2e per
h., duty paid, at which price the spot
quotation is now established. Sales
to spectators at ll-32c c. & (. (3.36c)
for July clearance, 2i&c c. X I. for
July shipment and 2 1899 c. & {. for
August shipment. ...-.. ..'..
ReRncrs haYa shown little interest IN
futures, and these purchases 90 to oper-
ators. After, this business. however,
sellers pretended TO 3.S9c, duty paid, for
prompt sugars, which is quite likely 70
be paid soon, thus making fall &c
turn from the temporary reaction and
leaving conditions favorable for future
Improvement. i
The sales of the week amount to
about 100000 bags Cubas and Porto
Rico ccntrifugals for prompt and fu
ture shipment l@ II
We give herewith Mcssrs. Gurha-
Meier's (Hayana) statement of the
Cuba crop to June LIST. ~,
The crop production for the month
of May was Sl5,395 tons, against SS7,-
T95 tons for May, 1913. The total
production TO June LIST Is 2,244, 22S
tons, against 2,06s,75o tons to sune
date last year. The balance OF p'.due-
tion to complete q crop Of 2,5OO,O"O
tons requires 255,777 tons, against
359,778 tons produced last season after
June LIST.
The weather in Cuba continues favor,
able for crop operations, with 2S Cen
trails working, against 40 last year.
The falling off in@production in May
-62 900 tOns--will probably be fol.
lowed by further falling of in June
and after, but the final crop should
reach our estimate Of 100000 tons,
and may exceed il little.
Regarding our domestic beet crop our
60 rl shnt.v la PM ~
falling off in sowings than anticipated,
and hence, if full reports continue to
show the same, the crop prospects will
be considerably reduced from last year.
Our impressions regarding the size Of
crop viii follow later
The European beet crops are favor,
ably reported by +. 0, Licht.
The Hamburg parity at New York
is now 0.25c per lib. above the Cuban
parity. This reduction is turning at
tention towards Java for sugars for
arrival here in October. limitations
are made by sellers Of such sugars that
July-Augnst shipment might be bought
at los. Adj. c. & T. (353c), landed New
Work, which price is ahove bnyersi
views, but gives some Indication that
buyers and sellers may eventually get
together on some eargoes OF Javas.
The United Kingdom is reported to
haze bought ono cargo of .Iayas for
Shipment. Any sales Of Java sugars
to the United Kingdom or TO the Unit.
ed States on the Cuban parity basis
would indicate that the Far East has
a sufficient supply in hand of Javas
and that sales of such to the United
Kingdom and America may oe renewed
after considerable period of non-shiP,
ments thence.
Refined. --QuOtation have remained
steady and unchanged by all refners
at 4.20c less 2 per cent for new bust.
ness, but the jobbers' supplies have
been mostly obtained by Withdrawals
under former contracts at lower prices.
These contracts are now slowly be-
ing completed, and the present policy
of selling by refners limits orders to
prompt deliveries. H..
The season is very favorable to an
increased consumption Of sugar, and
any change in prices, when it comes,
should be an advance. ....
The parity difference between raws
and reaned is now .7g6c per h., and
rather below the normal, a.s...
We advise carrying a full line Of
stock through the fruit season.
The American and Howell are prompt
In shinments the Warnar ono uaalS and