Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-03-05
WILLET & GRAY GIVELATEST
REPORT ON THE SUGAR INDUSTRY

ers CT 1,32c per ID. to 2 l-16c c. & T.
t3.42 old duty. 3.07c new dutyL
Some 100000 bags Cubas were sold at
this basis, principally taken by the
American for prompt and March ship
ments. ...-..... - s.... II.
Today sellers continue to offer. Feb
ruary shipment at 1-I6c c.& f., while
buyers decline these but would accept
March shipments at this price TO some
further extent. ... e. .&.... .. II
The close is at Lice decline from
last weeks basis-say now 3.42c per
ID. old duty, 3.07c new-duty paid. with
Porto Ricos on the new-duty basis II
pressed for sale. which they do not
appear to be at the moment.
The United Kingdom entered the
market again early in the week, taking
from Cuba 5000 tons centrifugals for
March shipment at 2.02c per ID. I. o.
b. Cuba, which price can not now be
obtained for further shipments.
Cuba Crop Estimation October
%. 1913. We gave our opinion of the
1914, and at the end Of our re-
marks we said: The probable final
results are so indefinite at this early
date, but we prefer not to estimate
them, but can only say that a reason
able expectation would be a new crop
oItturp CT 2.400. 900 tons"
Our second inquiry, sent to all the
centrals in Cuba, has been returned
by q large proportion of the factories,
most of which indicate larger cane
area available than in their early re-
port to US in October, 1913, and what
is more important, have almost inyar-
iably reported an increase in the yield
OF sugar from last year, in many in
stances as much as l per cent The
average yield OF Cuba is about 10ss
per cent, so an increase OF per cent
in the sugar content would be equiva-
lent to practically 10 per cent in out
turn, provided this rendiment was OBJ
tanned throughout the entire island.
On the other hand, 1t must not be
forgotten that In the central parts OF
the island the weather has not been
all that could be desired for the best
results. but this is more than counter
balanced by the reports coming from
the other parts Of the island, particu-
larry from Oriente Province, where
there are numerous large and well
equipped factories, which have had
favorable conditions, and should coun-
terbalance the somewhat unfavorabIe
conditions In the center of the island.
Furthermore, the crop this year has
had an early start, and usually this
Is an indication of a good sized crop
Up to February LIST, 1914, the Cuba
crop, now being harvested, showed an
increase over last years crop to the
same date of $4,000 tons, and there is
no indication of falling off In re-
ceipts from last year.
Under the above conditions and SUBJ
ject OF course, to reasonably favorable
weather, we estimate the Cuban crop
at 2.500,000 tons. against last years
outturn OF Messrs. Guma-Mejsr OF e.
438, 537 tons.
The Louisiana planters have raised
the question and asked their governor
to enter a protest against any other
duty being collected on Cuba sugar
different from other countries, claim.
ing that the Cuban reciprocity treaty
las not been legally changed by the
action OF Congress. No one, however
seems to place any value to the pro-
test.
Our news herewith on various crop
countries Is of interest.
Europe has been steady, with only
I'd. fluctuation during the week, clos
ing at 9s. 3Xd. for February and
March and IS. SID. for May, with
cane sugar at SO. 10zd.
Mexico, Feb. 1, 1914.-The grinding
continues without interruption on all
the estates where there has not been,
nor is there now, difficulty with the
rebels or bandits, this being the con.
dition in the states of Vera Cruz, Pu-
ebla, Jalisco and Oaxaca, where the
work of cutting the cane and refining
the sugar continues without hinder
ance.
With regard to San Luis Potosi, the
factories of Tamasopo, Rascon and
Conception have begun work, even
though they have had interruptions in
their operations during the, past
month, due to the various bands OF
rebels on the route of the railroad
from San Luis Potosi to Tampico.
In regard to Morelos, it is impos.
sible to do any work with the excep-
ton of some estates which keep an
armed guard to defend the workers)
the others making little or no sugar
to date. .. --..-