The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-04-17
CHANGE IN
SUGAR MARKET.
wiIlett q Gray's Report for Week
Ending April Q shows In.
crease in Stock.

ending April 2 notes practically no
changes in either raw or refined. Their
review is in part as follows.
Total stock OfsEurOpe and America.
s,R44,64s tons, against 4,O5I 800 tons
last year at the same uneven dates.
The increase OF stock Is 1920 tons
against an increase Of l,O25 tons last
week. Total stocks and aAoats together
show q Visible supply o. 4,444, GAS tons
against 4,i97 800 tons last year, or an
increase Of 2f7,27D tons.
Raws.--The feature Of the week nm.
der review Of notable interest Ia par.
nal study Of the outtprn Of the Cuba
crop IRON the basis Of the several esti.
mates now before us.
Messrs. Guma Meier, Havana, have
advanced their estimate 10000 tons 20
2,ooO,00O tons, based upon information
up TO date. The so-called Factories %.
innate, based npon information as far
back as December, il given as 1850, TO5
cons. The Himely estimate. which has
not been changed, stands at 1858. l43
IONS. Our estimate Of 2,5OO,00 tons.
made on information at hand February
leth, was increased from 100000 tons,
made last October. se.
The Cuban production 70 date shows
,405,352 tons. ~. y
The production last year from this
Comparative date TO end of campaign
vas l,226,934 tons.
With the same fnaI production a
ast year the crop would reach 1856, 2s6
tons. i
II will be noted THAI the several esti-
mates contemplate falling of In the
inal production Of 63,i4s tons (Hime-
w, S2,2s6 tons (Guma .Meier) and
l0l ISL tons (Factories), on an average
for the three estimates Of s2.337 tons.
which, If materialized, Would make the
crop say 2,540 $40 tons, OF virtually the
same as Messrs. Guma-M ejer's up.to.
date crop estimate
This analysis indicates that 2,55O,OOO
tons should be the minimum Of the crop.
the maximum, Of course, dependent on
the weather and the amount of cane
remaining in the fSads. 3
II is to be noted that, at this date.
the visible production is 2O3 .T49 tons
ahead Of last year, which Is an item
in confirmation Of the possible estima.
ted fall-short for remainder Of the sea
son. "a. q.
The news Of the week was not favor
able to any Improvement in Quotations
and, In fact quotations remain nomi-
nally unchanged at 2.95e per lb., duty
paid. "a
The cost and freight business has
been rather moderate to refners, but
ncludes some business to operators.
The former bought at 1 l6c e. q Z.
for March and April shipment and the
latter paid 2c. c. q for May shipment.
Nothing il offered further ahead, al.
though . l.22es,c.s& A. might be had
for June shipment.
Looking back TO last crop, we note
that the lowest price for Cuba Centrifu-
gals was made on May 18th at / 15-l6c.
per lb., G. & a. ~ 6,fs
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 sugar,
1t is perhaps q little difiieult to reason
out any important Improvement In
prices or conditions for some time to
come " 3s I Il
Certainly at, this writing the tone and
!
sellers. w. yA;t ~,
European markets, from our special
message herewith, appear to be follow,
ing the lead of Cuba and the United
States in sugar values more than the
nearer producing and exporting coun-
tries on which they usually depend for
their guide to values.
The London Cane quotation at 9s. Sd.
for 90 degree test follows closely the
value of Cuba Centrifugals for shipment
TO the United Kingdom are somewhat
less for the week, at 1.S6c. per Id. 4. o.
b. Cuba. In fact, there have been some
resales Of Cubas on the basis of 9s. Sd.
!. ! 4. United Kingdom, previously
bought (. o. b. Cuba, This figures
lbout l.S6c. Z, o. b. Cuba.
I Philippine sugars continue TO partiei.
pate in the various buying movements,
and II is now estimated that $4,000 tons
nave been sold for shipment to the Uni.
led States. The highest price recently
,aid was 2lec., basis IS degree, for May
shipment.
Deet sugar changed to new month 5 |
,potetiens. say April at 9s. ND, MAY |
Is. 2kd.. and August Ds SID. on very
luiet and inactive markets all the week. |
oAN FRANCISCO, March 27.--The
lemand for refined throughout the week |
las been good, although the trade are
lot anticipating their wants further
ban Immediate requirements The
highest upward movement Of the raw |
market, we believe, would cause the
rade to book heavily on refined.
Quote California 4 Hawaiian and