Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-04-17

col! - 'IS|l> 81 expert opinion seems e
- 1lu thr minimum output viii be
..--o."," tons. with the possibility
, lhur il viii ran N,II Owe" 2,Ho". 90"
tons Following l. WiIIe'f 4 Gray -
rrkIy r.!ipW OF the ~ugar situation
in general:
RAWS The feature Of ths week
under review Of notable interest is a
partial study Of the outturn Of the
! Cuba crop from the basis OF the >eV-
craI estimates now before us
{ Nts.rs Gumn-Me jer. Havana. have
: advanced their estimate s." 900 tons
to 2:1IU, Uuu tons. based upon Informal
tion up TO date The s0-called factories
! estimate. based upon information as
far back as December, is given as .,
! 500. 7U5 tons. The Himely estimate,
which has not been changed. stands
at 2. 500. 143 tons Our estimate OF p
300 0Uu tons. made on information at
hand February 18th. was increased
from 2.4OO.0 600 tons. made last OctO-
ber
The Cuban production to date shows
1,405,352 tons,
The production last year from this
comparative date to end of campaign
was 1,22G,934 tons.
With the same final production as
last year the crop would reach 1882
2S6 tons.
1t will be noted that the several es-
Inmates contemplate a falling off in
the final production of 63.143 tons
(HimeIyD, S2.2&6 tons (Guma-Mejer)
and 101 .jS1 tons Factories), or an
average for the three estimates of So
337 tons, which, if materialiZed, would
make the crop say 3,549,949 tons, or
virtually the same as Messrs. Guma.
Mejers up-to-date crop estimate.
This ANALYSIS indicates that 2,550,-
coo tons should be the minimum of the
crop. the maximum, Of course, depend.
ent on the weather and the amount
of cane remaining in the fields.
1t is to be noted that, at this date,
the visible production is 203.749 tons
ahead of last year. which is an item
in confirmation of the possible est.
mated fall-shOrt for remainder of the
season.
The news Of the week was not ia
vorable to any Improvement in quota.
lions and. in fact. quotations remain
nOminally unchanged at 295C per h..
duty paid.
The cost and freight business has
been rather moderate to refiners, but
includes some business to operators.
The former bought at 1916 c c.&f.
for March and April shipment and the
latter paid &c c&f for May shipment.
Nothing is offered further ahead, al
though 2 1920 eff might be had for
June shipment.
Looking back to last crop. We note
that the lowest price for Cuba cen
trifugals was made on May 18th at
1 15-16c per h., c.&f.
Considering the increased volume of
the crop and the absence of special
interest in the market either here or
abroad, either for raw or refined SUI
gar, it is perhaps a little difficult to
reason out any important improve
ment in prices or conditions for some
time to come.
Certainly at this writing the tone
and tendency favors buyers rather
than sellers.
European markets, from our special
message herewith. appear to be fol-
lowing the lead of Cuba and the Unit
ed States in sugar values more than
the nearer producing and exporting
countries on which they usually de-
pend for their guide to values.
The London cane quotation at IS.
3D. for 96 deg. test follows closely the
value of Cuba centrifugals for ship
ment to the United Kingdom, and the
purchases for the United Kingdom are
somewhat less for the week, at 1850
per IT, f. o. b. Cuba In fact. there
have been some resales Of Cubas on
the basis of IS. 3D. elf. United King
dom, previously bought fob Cuba.
This figures about 1850 fob. Cuba.
Philippine sugars continue to par
tiCipate in the various buying move
ments, and it is now estimated that
$4,000 tons have been sold FOR shiu-
mpnt to the United States. The high
est price recently paid was Pic. ba-
sis IS deg, for May-June shipment.
Beet sugar changed to new months
quotations, say April at IS 1l2d, May
us 24d. and August 9s. 54d on very
quiet and inactive markets all the
week.
For latest news by mail and cable
from different countries our adViCrs
herewith are interesting. but not spe-
Cially giving important indications OF
changes to previous market conditions.
REFINED - There has been NJ
change in prices. and the trade have
rocoivo6 most oF +hnir rnGllirpOnntS Nv