The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-04-02
A GAMBLERS Market
SAY V|LLETT & GRAY
One Mans Word As Good AS
Another's On Future Outlook

willett & Gray,s report for the week
ending March rs shows sales Of about
800 900 bags Cuba, Porto Rico and San
Domingo sugars at prices az reported
by cable. In part they say. !
last Thursday centrifugal Sugar,
% deg test, was quoted at 4.d4c, duty
paid. Later on Thursday the market
quotation was raised to 477c per 10.
by rchners 'pnrchRRes. Friday a fur.
ther improvement was made TO 4.S9c,
duty paid, on purchases, fiaigly by re-
fners and partly by spectators. The
bdsiness Included very considerable
amounts Of April shipments. A few
small sales were made Saturday anil
Monday at unchanged market quota.
tions. Tuesday there was some press
sure to sell both Cubas and Porto
cubas Given Preference
1.-THE American took 10000 bags OF
Cubas at 4.B3c basis and passed by
Porto Ricos, which were offered at .ac
/ same price. a&-,s A
Z Wednesday sellers accepted a fur
Their reduction to Ate at, which a
larger business was done I'M Cubas and
Porto Ricos, about 100000 bags being
taken by American for early ship
ments, the other, refners being only
interested in April shipment. The rise
and fall Of the week were due to the
conflicting Influences at work upon the
British May Again Buy
I on one side is the expectation, that
the British eovernmenta will, sooner or,
later, enter Cuba and the United
States for new supplies. These new
! supplies, IL is estimated, must reach
!, some 100000 Tons sugar from all
sources, slly 6neihalf raw sugar and
one half refined sugar. This amount IS
not required for some time and may
Sbe bought as wanted. Z:
AS is shown BY the recent purchases
! Of 90 10000 tons for April,May ship
\ ment at gls5c TO S.5Oc 4. o. b. Cuba,
i when higher than 3.50c Z. o. b. was
asked, the buying stopped, and the
British gogerhtnent commission il look.
Z Ing ON iawhitidg Another favorable OPP
llbortiphits;s which they can 10 without
much fear OF market conditions, pro.
4 feeted as they are by ample supplies
Y for some months ahead.
'aPrfvately Owned Stock Gone
Il Z
\ outside ofthe government stock is now
\ reduced to very small proportions,
\ which accounts, TO some extent, for the
4 recent enqhiryf5for refined here, and
i mo doubt the plan of the buyers is to
rush their sugars into Great Britain
at the earliest date permitted.
J1It IS argued that with the opening
= Of that market the British government
will enter the markets of the wJr,,l
for large amounts particularly OF re-
fined, and as the United States lis the
4 principal market from which refined
can be had, it is fnirly reasonable TO
\ expect. that at some time as the sum
|, iner approaches there is sure to be m
important rise in prices from this de,
nand, to which must be added our own
large summer demand. Inoythe mean
time, the market is likely to mark
(. time, with moderate fuctnations from
day to day.
Il S.operators count almost entirely
upon the influence Of buying by Great
4 Britain, and with less 1prominence by
France, for an important rise in values,
| which may. last only for the time re.
N quired by these countries to aecumi.
late needed supplies to September.
II 1.-THE other important feature on the
opposite side is that as regards sup
a plies and demand there are quite stf-
ficient sugars in the tsops Of the world
Ito supply pll requirements Of the Uni
4 ted States, Great Britain and France,
!. and should the DardaneIles be opened
\ by June, some 100000 tons to 100000
tons Russian sugar may be available
for Great Britain and France. The
|, Russian sugar is refined and may com
pete with further purchases OF Uni.
ted States refined for the United King
dom or France.
The American Supply auar
The. supplies ayailable for the Uni
ted States this year may be roughly
stated as follows: t5,f IA
I Cnha crop 2,40O,OO0 to 2,6O0,0oO tons
II Porto Rico 300 900 tons
4 Hawaii .,..t.. 5e0,O00 tons
I, Louisiana a.. ~ 100000 tons
/. Domestic Beet 49, 100000 tons
Philippines ) Nt{ $4,000 tons
j - 100000 tons
!. Vi s., consumption (same
Il Jas last Year, ....:.,t3, 76o,000 tons
n, Surplus .......... $4,000 tons
Depending on the size Of tile, Cuba
slcrop as to whether il will be 100000
4 tons or 100000 tons, the surplus
4 availakle for United Kingdom, France,
or other outside countries varies from
/. 100000 to 100000 tons. Europe has
already secured 100000 tons. r.. E.
Is a Gamblers Market W.
tits not impossible that these coun,
tries may wait 70 see the Dardanelles
open before buying lar ely in either
Cuba or the United State |
The Cuba crop is progressing raDidly
now, and stocks accommodating IN March
ami April which eau be sold TO give
some estates profit Of approximately
100 per cent on cost Of production, sa'
L Will the inducement or the possible