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

al New York: Owing TO Impending
tariff changes. Porto Rico SAFES i'll
clude The following provisos: If su-
tar arrives in January. full tCLtract
basis; If arrival first wcek in FeOr4-
airy, .0SIC reduction; II second week in
February. lie reduction, if arrival
during sccond-h4lf February. entire
reduction in duty, Say .3+3C is taken
eff.
Statistics by Special Cabl.S-Cuba-
The six principal ports: Receipts.
$1,000 IONS; exports. $4,000; stock. VI
900 tons. against $4,000 tons iaot year.
Centrals grinding, 1874, against IL
last week, 156 last year aul l46 IN
1912.
Entire island receipts for WeeH. 101.-
0Oe tons, against $1,000 tons last
week. $4,000 tons last year anG 1000
tons in 1912.
Stocks in the United States and
Cuba together of 264 1856 tons, against
243.672 tons last week and 104.61l tons
last year, an increase Of 1874 tons
from last year.
Europe in Europe, 100000
IONS, dRdlIISl O,SOO,Oto lOlS lGASt JS%AA
Visible Supply.-Total stock Of Eu-
rope and America, 4,279,366 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 317,005 tons last week. Total
stocks and afloats together show a
visible supply of 4.375,366 tons against
4,094, 615 tons last year, or an Increase
of 279,751 tons.
Raws.-The week under reVie" has
been more interesting than several
preceding weeks, because II 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-
CARELESS 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 3.28c per lb. to assoc 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. & +. (3.355c) to the extent Of
100000 bags and Porto Ricos for ar
rival February 10th at 3.30c per ID.
There have been some 10000 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 $4,000 bags of these at
$3.50 per b., basis SO deg. About
5000 tons remain to be sold.
Sellers of Cubas are now seeking
further advance of 1920 to 1-16c per
h., asking lice C. & f. for February
and 21sc. c. & f. for March. There is
some speculative buying in addition to
the refiners' demand, and 2 1-l6c &C.
& f. has been paid for February and
21hc 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
were 100000 tons, with 154 centrals
working. Exports to the Atlantic
ports increased to $4,000 tons with
5000 tons to Europe.
It is not likely, however, that ship
ments to Europe will increase above
purchases already made, for it 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 $4d. lower. ..
Atlantic port receipts were small
and less than requirements, which lat
ter increased considerably under the
stimulated demand for refined at the
&c basis.
Regarding cane crops outside OF
Cuba, the Java crop is now reported
full up to early estimates.
AQStralla reports an IucIedSeu ClOP
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 furtheE advance is expected in
view Of the demand for refined, even
on the hand-tO-mouth basis.
Beet Sugar Industry.
UNITED STATES-Wcath and
cror-The government bulletins for
the week ending January H., 1914, re-
port a rapid rise Of temperature at
the opening of the week. which
brought thaVing conditions 70 most
beet-prOducing states AS practically
all the beets are now worked up,
these conditions should do little BARN.
There were moderate rains in most
sections except eastern Colorado and
heavy ones near Los Angeles, in south
ern California. Th"s" latter will do
h., VII jct ~ II