Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-02-20
WILLETT& GRAYS Journal GIVES
LATEST SUGAR TRADE FACTS

Willett & Gray's Sugar Trade Jour
nal for February says:
NET CASH PRICES REFINED.-It
is generally understood that the low
est price named for refined here or
this date is basis Of cane fine granu
lated, in barrels. at 3.92c net cash.
STATISTICS BY SPECIAL CABLES
-Cuba-The six principal ports:
Receipts, $4,000 tons; exports, %,
600; stock, $4,000 tons. against "A, ZOO
tons last year. ..~. +
Centrals grinding. 1863, against 161
last week, 164 last year and 16S in
f912. ...... -
Entire island receipts for week, IS.
900 tons, against $4,000 tons last week
I07, 900 tons last year and $4,000 tons
in 1912
| Stocks in the United States and
Cuba together of 362,924 tons, against
3O3.S71 tons last week and 1S9,207
tons last year, an increase of 49,,
III tons from last year.
Europe-Stock in Europe, $4,000
: tons, against 3,S59,000 tons last year
! VISIBLE SUPPLY-Total stock OF
Europe and America, 4,352,924 tons
against 4,D4S,207 tons last year at the
same uneven dates. The increase OF
stock is :s304.717 tons against an in.
crease of 272,0S0 tons last week. To
1 tai stocks and floats together show
visible supply of 4,472,924 tons
against aRincrease Of 273,0S0 tons last
week. Total stocks and afloats to
gether show visible supply of T..
472,924 tons against 1904, 207 tons last
year, or an increase of 26S,7I7 tons.
/ RAWS-:The Cuban sugar crop re.
ports, from day to day, control the
situation and immediate prospects
both at home and aboard.
A few days OF heavy rains, inter.
fering with grinding and delaying re-
ceipts at shipping ports during the
week under review, gave renewed ami
nation and strength and led to ad.
vances in all markets.
Whether this strong condition will
continue under renewal of favorable
weather for harvesting is somewhat
doubtful. It is rather to be expected
that with the usual large production
Of March, April and May, some rer
cession in prices will come.
Occasional news and opinions from
individual sources come to hand in
timating that the crop has been over
estimated, as given elsewhere. AS
long as the crop experts maintain their
figures, 1t is not worth while to spec
ulate on different prospects.
Our weekly Cuba cable gave island
receipts $4,000 tons, against 1000
tons last year, with 163 centrals work
ing. The exports included $500 tons
for Europe and $500 tons to Japan,
on account of purchases made some
time ago.
The reported rains, while delaying
work. are beneficial to the growing
canes.
/ No recent sales are reported for
Europe since the beginning of the ad.
vance.
Early in the week, after quite large
purchasing by refiners and operators.
the demand fell off, but some sellers
insisted on placing their holdings in
absence of demand for few days, re.
sultinge in reaction from 3.48c to
3.42c, duty paid, and from 2 1-Sc C. &
1. to 2 1-16c c. & f., for only moderate
amounts, however =:
Following this reaction came the
rain reports. and buying was quickly
renewed, with result that 3.48c, duty
paid, is firmly established, as well as
81 1-8c. c. & f. for February Shipment
and 1-Sc to 3-16c C. & f. bid and
asked for March shipments.
Atlantic port receipts for week
were liberal-66,349 tons, including
1887 tons Porto Ricos, and MEETINGS
increased under continued good de-
mand for refined to $4,000 tons.
Special prices we're made for free
duty sugar from Porto Rico, arriving
in February. Sales of such comprised
some $4,000 bags at $3.50 per Id. for
February 10th arrival to 3.2oc for Feb
ruary goth arrival. t.. T.. ..-.:..
Porto Ricos for February arrival
are now virtually ended, and for
March arrival will go into the new
duty basis for Cubas. Not very much
March supplies are yet secured by
refiners. ..-... = "
Little attention is paid to whether
are to be based on the old
or proposed new terms of allowances