The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-06-18
COURSE OF MARKET
TOLD AT LENGTH
Willett 4 Grays Weekly Record
OF Events lnthe Sugar
Trade
o.. 49,
Prices VIII Be Strong Until 0Cto-
Der Is Prediction Of
Prophets


bags 'Cubas, Porto Ricos, surinams and
San sDomingos for the. week ending
June 3. In part the report follows:
Raws-The market quotation as We
went to press last week was 4.s9c per
ID. for 96o test centrifugals. We re
ported then that the period Of frequent
reactions had probably passed by and
the time arrived for the further i'm
provement in values, which had been
looked forward to. Owing to the inter.
yention of holidays, from Saturday to
Monday, inclusive, not much time was
given to business during the week, but
the few days showed activity, with ad-
vancing tone and tendency.
On Friday large business was done
as per details Of sale herewith, which
raised the market quotations to 1850
per h., and for second!half June and
July shipments to 5.02c per ID.
At the reopening of business on
Tuesday the market was firm, with
prices full.up, and with some decrease
of quantities available at the current
quotations.
Full Duty For Export
Owing to some moderate sales of re.
fined to France (about $500 tons), there
was renewed inquiry for fuil,duty
sugar for use in refined for export
The Federal refinery paid an advance
for such sugar over the last sales price,
securing some $4,000 bags in port, ahoRt
and for shipment, at 3M c. j. f. They
also bought $4,000 bags Cubas, second
half June, at 5.02c basis.
Cuba crop weather reports for the
week were normal for the season
Usually at this time Of year there are
scattered showers, sometimes heavy,
in different districts, which interrupt
grinding for short periods, but they are
not sufficient this year to prevent 1902
centrals from working, against thirty
three last year. Receipts for the week
were 76,500 tons, against $4,000 tons
last year, and this increase Of 81 800
tons brings the visible crop up to
within 50,236 tons of the last crop ig-
ures at corresponding date.
Raws To Europe
Shipments of raw sugar were re-
sumed for Europe, $500 tons going for
ward. Some interest is shown in the
effect, If any, which may result from
the changes made in the British min
istry, and it is possible that CONNER
cial dealings in sugar, outside of strict
government control, may be resumed.
Little is said about British and
French government buying of refined
just now but indications point to bust
ness doing quietly from New Orleans
as well as form Atlantic ports.
The fact that all rcfners have ad.
vanced their list prices for granulated
to olOc less, two per cent, may for
time hold the foreign demand in check
but the American refined must still be
required both p England and France
To- meet the deficiencies of the white
sugar supplies from Java at the times
when. needed.
No Philippine Business
Cables from the West India Islands
report that the British commission il
buying sugar from these possessions.
ehr Phihppine cable, just received,
gives no exports during May to the
OHfted States, against 122 900 tons In
May, 1914. Reports from these islands
indicate that the crop is largely hold
~ warehouse in the absence of shin
ping facilities. Recent offerings for
'JuDe'5uiy shipment were ut &c, basis
49, &c. u Y. New York. Last sales
lmade here were at 3.90c, basis So.
lffess reports from Washington state
shat Great Britain would allow Ger.
many to export beet seed to the United
states under the following provisions:
Each shipment will be handled on its
own merits; If 1t is shown that seed
cannot be obtained except in Germany;
NJ there is no question of exchange of
commodities with Germany involved, :
and If the seed is shipped from a ncu,
trail port, as Rotterdam.
As We 20 tO"ipFess the offerings of
Centrifugals, although somewhat in
creased by the refined trade incident o.
yesterday, are yet held at full-up quo
tattohs OF 4!95c, for nearby and ahoats
and early JUNE clearance, and at 4:
c. 4. for late June shipment.
Refined Remains Strong
1t was generally expected that the
trade would secure sufficient supplies of
refined 10 carry them through August,
but aE far AS we can learn the buying
thus FUR has not reached such proper.
tions.
I'D september the market is generally
inhdenced by offerings of domestic beet
sugars from midtlle western states, for
shipment in October.
While the domestic trade is well pro
tected on refined sugar, the fact that
Great Britain and France will undoubt
eddy have to secure Granulated from
America, indicates that at present
prices the market looks safe, with
fair chance Of higher prices later on
~ ON "Wednesday an ihefdept occurred
which for short time threatened TO
disturb the upward tendency of the
market, both for raw aud refined.
The Federal refinery, having accumu-
lated u surplus, made the following an
nouncement;