The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-12-25
MARKET FIRM[R;
CUBAN CROP LATE
WiIiett 8 Gray Predict Stiffeninu
Prices But No Extremes y.
In Sight

4 WiIlett 8 Gray's report for the week
ending December 10 states that extreme
high prices for cane sugar as result
Of the waf, are improbable, because
there is possibility Of Importation Of
German and Austrian raws Prices are
firm and Inc trend is higher. The re-
cent stiffening in prices is due to the
delay of the Cuban planters 10 begin
ming their grinding season After the
spring contract deliveries have BEER
made a frfher market i anticipated.
In part Willett 4 GRAY, say:
The Week. Receipts, 1879 tons
Meetings., $1,000 tons Total stock in
Atlantic ports, 1880 tons, against
lS563T tons last week and 92,904 tons
last year. EOS 3 64
Estimated afoats to the United States
from Cubhend Porto Rico, $4,000 tons;
Hawaii, 1000 tons; Philippine Islands,
$4,000 tons. Total $4,000 tons, against
total $4,000 tons last year.
Statistics by Special Cables Cuba.
The six principal ports:
Receipts, 1000 tons (old crop); ex-
ports, $4,000 tons Gold trop); stock, 10,
600 tons Gold crop).
! Centrals grinding, 4 against / last
week and 20 last year.
Entire island receipts for week, 1000
tons (old CROP, against none last week
and 1000 tons last year.
Stocks inthe United States and Gu
ba together Of 247,O9O tons, against
! 26l.200 tons last week and 107 ,064 tons
/ last year, an increase Of 140,026 tons
from last year,
The limited amount Of remaining UNI
sold and the. FEASIBILITY Of a better
market for II before the new crop SUI
CARS teeome freely available caused
holders Of such to be firm at slightly
| higher asking price, The Cuba sugars
in warehouse, some 10000 bags, appeal
to be. entirely withheld from market
on, chances Of an lincreased demand for
limmediata, EcinadJ ~, 49, ~
Such Improvement in demand for re-
fined about Christmas time Is some,
times noticeable and OF value to hold
ers of raws, in stock ready for use.
New crop Cul as are to be had beyond
the demand AZ 3 soc. Notwithstanding
that the conditions OF crop making this
far are delaying free production for
early deliveries IN January. That the
entire crop prospects promise to fulfll
our preliminary estimate of October %
receives confirmation BY the FIRST Cuba
crop estimate given out by Mr. Himclv
I this week Of 2,604,2S6 tons, followed
by Messrs. Guma- Meier estimate Of q
66O.2s6 tons, against onr estimate Of
Z 100000 tons.
The assurance to the present extent
I, Of a full Cuba crop. together with full
crop prospects In Hawaiian cane crop
and the United States domestic beet
crops, 20 some ways towards annulling
expectations of extreme high prices
during sugar campaign years, although
! the competition for cane sugar, in tile
absence of available beet sugar, for the
I United Kingdom and France, will no
doubt cause an upward trend TO prices
following the initial selling movement
Of first productions by planters for
financial reasons or TO secure some
profits az the early beginning Of crop
making. We understand, however. that
the Cuban planters are IN much better
shape as relates to money requirements
this sepsen than they were last season
when prices we're at and below cot OF
production for considerable time, and
found felief only by sales Of several
hundred thousand tons for foreign eoqp.
: triessat parity value il those countries
] below the parity value Of Hamburg
i prices for European beets.
! The Influence Of the war upon values
of faDe sugar has largely decreased and
fis held in check for the future by the
possil ility under absolute necessity, OF
ilmport9tions 70 some extent az least OF
German SUGAR TO peutral countries by
consent Of the. German government,
+ AS n whole, the. present outlook is
for a settling Of first Cuba crop values
at between 3.5lc to 3.76e duty paid
and an upward trend permissible be-
fore foreign beet sugars become avail
able at satisfactory cost against cane
sugar to a possible &c &, & {. market at
some time ia the campaigns.
Harvesting has commenced in Porto
Rico, one large factory having started
grinding cane. &c.
Reports from foreign countries are
| given herewith
For Germany and Austria Hungary
we conhne ourselves to the statements
herewith OF y. @, LIGHT. whose reports
have regularly appeared in our paper
for many years.
We give an interesting statement Of
the sugar industry in japan from a
large aud influential sugar company.
Indications are not given Of the amount
IF Java sugar that win be required this
season against 286,9s2 tons ~ last sea.
sou, 1t viii probably be considerably
T, less, say about 100000 tons
Refer TO orr domestic beet column
fo~ Details of this Industry. H
The Lou'siana cane crop continues 10
he held back for better market as to
! the retiring grsdes, thersales 81 which
are small, the last being at 370c.l per
H., basis 80 dec. lelivehed ia New or.
leans, Reports OF shipments north for
STORAGE are not confirmed
| Al the close The market Is steady and
| firm NEEt,
There Is sufficient demand to keeT