Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-02-09

i W ul"ll q hIaN sugar 1 EduS JodI'
Nal for JAn2ary % says
/ L. S. Atlantic Ports Markets-Sales
at New York: Owing 10 impending
tariff changes. Porto Hico sales in
clude The following proyisos: II SUI
Ear arrives in January. full tCLtract
basis: If arrival first week i'll FeorN-
airy, 0S5c reduction; If second week in
February, lie reduction, II arrival
during second,half February. entire
reduction in duty, say .343C Is taken
eff.
Statistics by Special Cabl,S-Cuba.
The six principal ports: Receipts,
5000 tons: exports, $4,000; stock. 81, ;
900 tens, against $4,000 tons ialt year.
CentraIs grinding. 154, against l43
last week, 156 last year ana l46 in
1912.
Entire island receipts for week. 101.-
coo tons. against Gl,0G0 tons last
week. $4,000 tons last year and $4,000
tons in 1912.
Stocks in the United States and
| Cuba together of 264. 1856 tons, against
243672 tons last week and 194,6 tons
| last year, an increase of lb9,lIl tons
from last year.
| Europe.-Stock in Europe, 4,01I. zoe
tons, against 1855, 600 tons last year.
| Visible Supply.-Total stock OF Eu-
rope and America, 4,219,S66 tons
against 3,969,615 tons last year at the
same uneven dates. The increase OF
stock is 3O9.751 tons, against an in
crease of 1905 tons last week. Total
stocks and afloats together show a
visible supply of 4,375,366 tons against
1904. 615 tons last year, or an Increase
of 279,751 tons.
Raws.-The week under review has
! been more interesting than several
preceding weeks. because it marks a
turn upward in the general course OF
the market in Cuba and the United
States.
| 1t is evident that the jobberS and
dealers throughout the country let
their stocks run down to low limits,
while the people of the country, re-
gardless of tariff reduction, kept right
on using the usual normal amount OF
sugar, if not more, on the basis of &c
per Id. cost for Granulated--the low
est price known for many years.
This had led to an unexpected buy
| ing of raws by refiners, causing an
advance for the week in centrifugal
sugar from 3.2Sc per Id. to S.S55c per
Id. for Cubas, on large purchases from
the new Cuba crop, estimated at about
$4,000 bags. .
Porto Ricos also advanced $3.50 to
$500 per Id.
The business of the week included
Cubas for January.February shipment
at Is c. & I. (3.355c) to the extent OF
zoe, 900 bags and Porto Ricos for ar
rival February 10th at 3.30c per Id.
There have been some $4,000 tons
| of old crop Cubas in store here since
several months, awaiting sale, and the
Arbuckle refinery having delayed ar
rivals, were short of immediate supply
and bought 10000 bags of these at
3.35c per h., basis SO deg. About
5000 tons remain to be sold.
Sellers Of Cubas are now seeking a
further advance of 1920 to 1-16c per
| h., asking 2 1-16c c. & T. for February
; and 2he. G. & (. for March. There is
some speculative buying in addition to
the refiners' demand, and 3 1-16e e,
& f. has been paid for February and
2hc c. & f. for March for this account,
but the offerings for March are very
few thus far. ~@
The Cuba crop progresses favor
: ably, without rains to interfere with
grinding. The entire island receipts
we're 101, 900 tons, with 154 centrals
working. Exports to the Atlantic
ports increased to $4,000 tons with
5000 tons to Europe.
J 1t is not likely, however, that ship
ments to Europe will increase above
| purchases already made, for 1t Is a
singular condition that exists just
now, inasmuch as Europe has not par
ticipated in the least in the improve
ment going on in our country, beet
sugar quotations remaining unchanged
| from last week except that futures for
, February are ed. lower.
Atlantic port receipts. were small
, and less than requirements, which lat
ter increased considerably under the
, stimulated demand for refined at the
| ic basis.
Regarding cane crops outside OF
Cuba, the Java crop is now reported
, full up to early estimates.
AuSLrdlld reports oil luClodSeu CtOp
of 10000 tons.
All West Indies report normal crops
instead of the short crops Of last year.
| At the close the market is strong,
with remarkably few sugars on offer.
for which 1-16c C. & f. is asked for
January and February shipment.
March is slowly offered, and not
less than 5-32c C. & f. would be &C
cepted.
A further advance is expected in
view of the demand for refined. even
! on the hand-to-mouth basis.
| Beet Sugar Industry.
UNITED STATES.-We Gather and
crOp-The government bulletins for
the week ending January 10, 1914, re-
port a rapid rise of temperature at
the opening of the week, which
brought thawing conditions to most
beet-prOducing states. AS practically
all the beetS are now worked up,
these conditions should do little harm.
/ There were moderate rains in most