The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-03-06
BIG INCREASE IN
CUBAN ESTIMATE
Late Reports Show Sugar Output
Of Favored Country viii Be
+ 100000 Tons in Excess.

wilIett and Gray's report for the
week ending February 10 shows an in.
crease in the estimate Of the 1914
Cuban crop Of 100000 TONS, SOC, 900
instead Of 2,4OO,OOO tons. They also
state that there is increased pressure
on the part Of Cuban planters to sell
for both immediate and future deliy.
cry. The report says;
rRaws-The week under review in.
eiudes one holiday, %hiek fedutsd, tho
requirements FOR MEETINGS TO $4,000
tons, which, with moderate receipts,
1891 tons, leaves stock on hand
about unchanged.
THE weekly Cuba cable reported
fine weather, which increased the
weekly production Of the Island to 1885,.
900 tons, against $4,000 tons the prev
ious week, with ITO Centrals working
| The weeks exports include $500 tons
to Japan and 1900 tons to Europe, ac-
lcording TO Mr.. Himely, out Of a total
small export Of 33,l00 tons. The pro.
duction has now progressed far enough
for us TO make a total crop estimate Of
100000 tons, based upon returns, as
given herewith. The Cuban planters
are either unable, from financial rea,
sons, or unwilling to rest content with
making sales based on the current re-
quirements Of the United States during
this somewhat unsettled period Of pass.
| ing from the old TO the new duty basis
when ell sugar interests are disposed
to handle as little sugar as is practical
Tor the eurtailed trade of this short
period of the last half of February, be,
fore entering upon the permanent nor,
NAL basis of the March LIST reduced
tariff. H.....,.,
! The Cuban pressure to sell affected
the market quotations quite seriously.
ION Friday, after large preceding
sales Of Cubas at 9 1.Scs G. & 4. case
duty paid), there were still some 200,.
600 bags pressed for sale at the same
price.
Saturday the pressure continued
sugar was offered at 3.14c per h., the
parity of Cubas at 2 l-s c c. & f., plui
the new duty rate. WI
| 8 Storm Delays Shipments.
~ One Of the heaviest snowstorms
ever seen reached the city on Satur.
day, and has since much interfered
with the arrival of vessels and distri
button Of the refined product to ths
country. s.. E N-t sE
ION Monday the Arbnckle refinery
accepted about 10000 bags Cubas fol-
February shipment and March arriva
at a concession made by sellers OF
, l.-c per h., say at 2 1895 c. & 4. fol
go test Centrifugals, equal to $40,
; per 1b. new duty paid. q
ION Wednesday the pressure By
Cuba to sell increased, and other re
hners being well supplied, the market
was left TO the American to sustain
resulting in a further concession b,
} sellers Of l.32c per ID. to 9 lice 9. q i
] l3.42c old duty; 3.07c new duty). Som,
$4,000 bags Cubns were sold at thi
basis, principally taken by the Amer
lean for prompt and March shipments
To-day sellers continue TO one
February shipment at 2l.l6c Q. q 4.
while buyers decline these but woul,
accept March shipments at this prize,
to some further extent. II
1.-THE close it at lice decline iron
last weeks basis--say now 3.42c pc
10, old duty, 3.07c new duty paid, witt
: Porto RIGGS on tho new duty basis 1
{ pressed for sale, which they do not mp
pear to be at the moment. ~
. "T The United Kingdom entered tn
market again early in the week, takinj
from Cuba 5000 tons Centrffugals 70
March shipment at 2.02c per ID. fob
Cuba, which price cannot now be OBJ
tanned for further shipments. f..
AS regards tho new tariff part,
for So" analysis Beet sugar landed Ii
New York, we cannot fix the sam
definitely until it is fully known wha
the contract basis is to be on any o
all sugar under the new duty-that 4
to say, If there is TO be any change o
= not in the up or down allowances il
$ price a from 90 test CentrifuRals
Thus far the American Co. is the onl,
, one requiring the acceptance of tn,
new terms recommended at the recen
sugar trade meetings.
! The Louisiana planters have raise,
the question and asked their Governo
0 enter protest against any othe
duty being collected on Cuba suga
; different from other countries, claim
, ing that the Cuban reciprocity treat,
NN' NV pNNh iCBaiiJ cuduktu Dy Int
! action of Congress. No one, however
seems to place any value to the protest
Review at the Week.
The Week -Raws--Cubas decline,
&c. Refined unchanged. Net easl
quotatiors this date are: Cuba Centri
tugaIs, S.42c.j Porto Rico Centrifupals
SlO5c.i Granulatcd 3.92c. Receipts
aS,95l tons; Meetings, $4,000 tons
Total Stock in Atlantie Ports, 1g0, Us!
tons, against ll6,l34 tons last week
snd l2l,l45 tons last year. Beet sugal
quotations, fob. Hamburg, gs. 3 ga
er cwt. for $50 analysis, equal, 4
53c. for 96' test Centrifugals at New
York, new duty basis. First Mark,
'erman Granulated fob. Hamburg
lis. 3 sd, equal to 4.OOc. New York
new duty paid basis.
Fstimhted 8hoats to the United
States from Cuba and Porto Rico, so.
0OO tonsj Hawaii, $4,000 tons. Tota
~, 90 tons, against total 100000 tom
last year. u"
met Cash Prices Rcfned.-It !,
generally understood that the lowest
prices named for re6yed here on thu
date is basis of Cane Fine Graduated
i'm barrels nj a QOp not ,,,k ' 7