The Hawaiian gazette., 1914-04-03
CUBAN CROP IS
MOVING RAPIDLY
willett q Gray's Report Shows
That Refined Sugar Market .
Has Healthy Tone. j.

le,lined ,09sj reacted .O49r. Receipts
I3,742 tons; MEETINGS $50 0 TINS. To
tai stock Atlantic ports l63,694 tons,
against 1882 tons last week and l59,.
$40 tons last year. First marks Ger.
man graduated flo. b. Hamburg. lis.
Nd, equal to S,96e New York, duty
paid.
Statistics by Special Cables.-Cuba-l
The six principal ports: Reeaipts. as.
700 tonsj exports, $4,000; stock, 4Ol o 10
IONS, against $4,000 tons last year
Centrals grinding, i74, against VA
last week, ia last year and l72 in
1919. n
Entire island receipts for week, III.
90 tons, against 10000 tons last week.
1912.
Stocks in the United Stptes and cub,
together Of 705, T52 ms, against 653. 25S
tons last week and 5l5,35O tons last
year, an increase OF l9O,4O2 tons from
last year. " ~
Europe Stock in Europe. 3.422 600
tons, against 3,423,00 tons last wear.
Visible Supply-Total stock of En-.
rope and America, 4,l27,752 tons.
against 3,93s,350 tons last year at the
same uneven dates The increase Of
stock is 1s9,402 tons. against an in.
crease of 1S5.04S tons last week. Total
stocks and afoats together show n v,si.
BILE supply Of 4,2s2,752 tons against
,O64 $50 tons last year, or an increase
of 1902 tons. t1
Situation Improves.
Raws-T Today, owing to an increased
iemand for refined sugar, which demand
had the effect Of improving the entire
sugar situation, the American entered
The market and purchased some 100. 900
bags April shipment at &c c, q T..
% .0le). These purchases were fol.
lowed by other sales for both prompt
and April shipment at &c G. & f. "a .O1c),
various refners pariicipat ng, and 70,
falling some $50, 900 bags. "
The Cuba cable Of Tuesday gave
weekly receipts for entire island the
largest crop thus far, ll7,0OO to 3, with
the full ia centrals working and con.
tinued fine weather. The visible cropl
to March IL is 1,149,352 tons. against
39S,6O3 tons to CORRESPOND 'ng date last
year, end giving promise of full,u, crop
10 estimates. .gf +: ~
European markets for Beet sugar
have been moving within I'D. iurtna.
lions for the week. Futures for Nav
opened and closed at 9s. 2Ad.
II. o. Licht cabled the weather nm.
favorable for field &ork on Friday ani
Tuesday. al, .l.e. 81, n, a, h. Z. w, =, y :
Further business between Cuba and
the United Kingdom is reported ON
basis of ,90c per ID. 4. o. b. Cuba.
Srop news from Porto Res is favor
'bIe, with dry weather for grinding.
we increase our San Domingo crop
estimate 10000 tons, the only change
made in our worlds crop estimates.
stocks in Cuba are larger than last
year by about $4,000, tons for entire
sland. ~
Refined Market Survives Test
hehned.-Our refined sugar market
Vas put to a ye.y severe test during
rne week, but has come out Victorious,
I, when we passed over from the old
10 the new duty basis, refined PASSED
from .oSc per pound above raws on old
iuty TO .eoc per pound above raws on
new duty basis. 10Y ~.
there was quite a question at the
time as to whether this difference could
DC maintained, with the prospect that
Wheh the short stocks held by iobbers
N the country were increased and the
iemand slaekened, competition by re-.
liners TO sell SURPRISES might reduce the
inference. This question has been met
ms week, and we think settled Tor the
On Monday the crisis came, a series
u cuts reduced Granulated from 3.9Oc
ess 2 per cent per pound last week to
'.o0e less per cent, the Federal. War
ler and Arbuckle accepting orders at
his basis, but on special terms in in.
stances. Tuesday the American came
% S'S0c less per cent, and other rein.
RS We're irregular at 3.S0c to 3.S5c
ess 2 per cent. Wednesday surpluses
PRESSED for sale had been absorbed by
buyers and all refners went firm at
''ooc less 2 per cent. Today the Amer
can, Howell and Warner advanced TO
',SOc less per cent and others remain
u $500 less 2 per cent. During the
excitement attending the market the
american and Howell did not accept
riders below 3.S5e less 2 per cent, ana
renee they did not participate IN the
,oing business at 3.S0c less 2 per cont,
me Federal probably took the largest
BUSINESS and the Arbuckle and Warner
cooked large orders.
Arbuckle issued the following notice
lated March ~, 1914: "Until further
Iotice we will sell our output of sugars !
aeh day at such price as market and |
rade conditions warrant price to be
AIMED at opening each day. IT,.
AT S,sOc less 2 per cent the differ. !
nee between raw and refined was re
Iuced to .744c per pound and is now
covered to 1889 per pound difference
II the close the difference Is reduced
0 .T63e per pound. t,'a.
Surpluses are not likely to be accu |
lulated again for some weeks at least
he question of margin between raw I
nd refined may come to the surface
gain, later on, but as the small fruit !
eason is nearly here (really here in !
sew York by large supplies of straw, I
errles from Floiida), we incline to
mink the present margin difference is
Kelly to be maintained. II any reduc.
ion is made il is more likely to be by
easOn of an advance In raws rather