Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-05-28

NAY IN says
Statistics by special cables.-Cuba
the six principal ports:
Receipts. 6l.o09 tons; exports, g.
900: stock, 63S.000 tons, against $751;
600 tons last year.
Centrals grinding. l23 against IA
last week, 1855 last year and Isl in
I19i2.
Entire island receipts for week. S.
900 tons against % 900 tens last week,
| 99, 900 tons last year and 1900 tons
in 1912
Stocks in the United States and
Cuba together of 1,097, 6a2 tons against
1,071,2 S2 tons last week and 1,904 $50
tons last year. an increase Of 92.642
tons from last year.
Europe-Stock in Europe. 2.763 ,009
tons against 2,7S3.000 tons last year.
Visible Supply.
Total stock of Europe and America,
:. $50, SOP tons against 1884, $50 tons
last year at the same uneven dates.
The increase of stock is 1852 tons
against an increase of 123,S02 tons
last week. Total stocks and afloats
together show a visible supply Of A.
H095, 602 tons against 4,01S.960 tons last
year, or an increase Of 76,642 tons.
RaWs. t.. ...,.
The strength of the raw sugar mar
ket noted for the preceding week has
been continued during the week I'M
der review, and with, increased activ.
,ity In sales. -, SIS -. ~, -
Under this strength and activity
the quotation for Sc degrees Centrifu-
gals has risen from Side h.. duty
paid, to 3.20c h., an advance of lice
per lib. ...
There is a corresponding rise In the
cost and freight basis from 2 1-Sc to
2 3-16c per ID. for May and June ship.
ments, while 2 lac per ID C. G f was
paid by operators for June shipments,
equal to 3.26c per h.. duty paid, and
2 9-32c c. & {. (3.29) for early July
and 5-i6c c. q f (3.32l for late July.
European markets also changed
from former long dizziness and weak
ness to increased strength and actiyi-
ty in sympathy with our markets, but
with only moderate actual advance
for the week in beet sugar OF I'D. for
May and June deliveries. closing firm,
with buyers at quotations for May 9s.
41sd,, June 9s. SID. and August 9s.
7tsd, %s,, f.. ...l .~.. |..@I
Cane, 90 degrees test, shows a.
larger rise, from 9s, 1015d. to los. 3D.,
because Of the advance in Cuba and
the United States.
The Cuba crop news, which is the
controlling factor of the situation, is
rather favorable for price improve
ment; although another factor in this
direction is the firmer attitude OF
refiners In regard, to sales of their
production and the good support CIV
en- by the country in more satisfac'
tory orders for refined. -.
The Tuesday weekly cable from
Cuba gave ia REDUCTION In Cehtrals
working froff fff the previous week
to 1913, and this number is further re-
duced by, our today's cable to 112
Centrals working. 20 s>.
Our today's cable message Is import
ant as giving the first information
that the rainy season has now CON-
In the western provinces of
Cuba, which corresponds nearly with
the rainy weather of last year.
TIE island, receipts thus far indicate
3 full crop. about as estimated. -
The exports from Cuba of the pres
ent crop to May i, as given herewith,
exceed the exports to same time last |
year by 1858 tons, and include 222,- |
l41 tons to countries other than the |
United States. against such exports
to same time last year of $500 tons |
These larger exports strengthen the |
conditions of the Cuban planters In |
he sale of their remaining produe. |
ions.
It is worthy of note that after May
|. 1913, the outside exports were $751;
,42 tons on basis of cost below the |
present which may lead to smaller |
exports after this time this year. un- |
ess European markets make suffi- |
;ient advances in cane sugar quota |
ions to warrant imports ON a rising |
basis.
This foreign demand versus the
United States demand is an important |
'eature to watch as the Cuba crop |
season draws near to its close.
There have been sales Of Cubas to !
he United Kingdom this week at |
..09c per h.. f. o. b. Cuba, and the !
as reported by MIR. Himley, |
$1,000 tons.
Our Java messages give crop ex-
ports for April all going to the east.
This Java crop, beginning May, |
e14. showed no exports to United !
Kingdom or the United States, against
arge exports thence in some former
'ears.
The absence of Java sugar for the |
United States has been largely replac-
ID by the yearly increase in the Cuba
,rop. The United States faces just
low. as a result of the tariff legisla-
ion. a condition that may call for |
argely increased Cuba crops during
he coming years 1915 and 1915, to
eplace possible deficiencies of our
present free-duty crops which face
rec sugar effects in May, 1916.
Under present outlook the United
States cannot look with equanimity
IN increasing exports to foreign coun-
,ho aN--