Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-01-08

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Statistics by Special Cables-Cuha
new crop.-The six prime pal ports:
Receipts, $4,000 tons; exports 1900
stock, 1900 tons, against IL 200 tom
last year.
CentTals grinding. So, against 81 las
week, ST last year and 43 in 1911.
Entire island receipts for week, 30,
COO tons. against 1000 tons last week
$4,000 IONS las year and 5000 tons in
1911.
Stocks in the United States and Gu
Ia together OF 3.42S tons, against
1854 tons last week and 64,594 tons
last year, an increase of TS,S34 tons
from last year.
Europe.-Stock in Europe. 3,4oT ,0aG
IONS, against 3,105. 600 tons last year
Visible Supply.-Total stock in Ell.
rope and America, 3.550.42S tons
against 3,169,594 tons last year at the
same uneven dates. The increase of
stock is 3S0,S34 tons against an in
crease of 369.634 tons last week. To-
tai stocks and afloats together show a
visible supply of 1851. 42S tons against
1894 ,594 tons last year, or an increase
of 346, S34 tons.
Raws.-The market quotation for 90
degree centrifugals last week was
3.33c per h.. based on sales OF Cuba
centrifugals for prompt December
clearance at / 1890 c. & f. Immed.:,
ately following our last issue. sales
were confirmed for December clear
ance at l &c c. & f., reducing the duty
laid quotation to 3.23e per h., which
is still the value Of Cuba centrifu gals.
A further important decline is to
be noted in Porto Rico free-dnty SUI
gar, owing to the abnormal conditions
under which the Porto Rico free-duty
crop is being forced to sale in order
to retain as much as possible Of the
SAC per 100 lbs. reduction of .!uty on
March 1st next. s....
Owing to the coming of the reduced
duty. the buying capacity of the mar
ket is restricted to the hand-to-month
of ref!ners to meet the
same fand-to-mouth demand which ex,
lists for the refined product.
The Porto Rican desire to force
sales on a restricted market, as was
done early in this year, produces an
abnormal condition under tariff infln-
enee, that has not been experienced
for a great many years, not since the
present tariff began in 1897. ..:
The present market variance may
continue until the middle of January,
by which time both Porto Rico and Gu
ba should become settled on the new
duty basis and the market quotations
assume their normal relations again.
AS Cuba eventually viii become the
leading market, as heretofore, We
shall continue our market quotations
ON the basis of Cuban sales, while CIV
ing also the particulars of all Porto
Rico sales which, as will be noted in.
our last weeks report, carry with
hem, in instances, certain guarantees
rs to times of arrival in the Unitesll
States. .-..- T ill.,.
Sales this week of Porto R;eos were
made at frequent reductions, closing
With sale for December and early Jan.
lary shipment at 3Bc per h., while
Jubas can be sold atf1 7se c. & f., equal
o 3.23c per Id. duty paid.
The last sale of Porto Ricos absorbs
101Sc offthe .34Sc duty reduction when
applied to the parity of Cuba centrifu-
,als at 3.23c per ID.
Except for the weakened money
position of some Cuba planters who
must sell their sugars in near compet
ition with Porto Rico as to prices for a
ew weeks still, we should be willingi
o say that the market quotations
,ased on Cuba centrifugals are near
Y, if not quite. running along the bot
ON, and that as February comes
learer a turn upward for new duty
hipments Will help both Cuba and
'orto Rico, as we feel sure that soon
r or later the low Cuba prices will
ttract the attention of local refinersj