The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-07-09
FURTHER Deficit +. :.
FROMSUGARD DUTIES
f$}t$ - l
Preference Granted American
Bottoms May Force Heavy
Refunds To importers 4
Market Was Quiet But Steady
At Close In New -
York

New York sales for the week ending
June "a were about half a million bags.
Sales Of $4,000 tons Cuban for Hol-
land, 5000 tons San Domingo for
France and 1000 tons Philippine were
also reported.
Willett & Gray in part state that
stocks in the United States and Cuba
together were 1,194,5S9 tons, against
l,225,l79 tons last week and 1923
tons last year, an increase of 220,S66
tons from last year.
On June 22, no sales transpired, but
several items of importance were re-
ported from Cuba, including sales of
$4,000 tons Centrifugals at 3.S5c per
H., I. o. b. Cuba, July loading for
Great Britain, probably a covering of
short sales, followed by sales on Tues
day Of $500 tons Of Centrifugals for
Holland at $500 per h., I. o. b. Cuba,
equal to 1910 & f. New York, at cur
rent rate Of freight. This latter guam
tity was afterward increased to $4,000
tons.
Cuban Estimate Grows
Messrs. Guma Meier, Havana, ad.
vanced their Cuba crop estimate to
2,5u0,OO0 tons, which is an increase Of
5000 tons over their reduced esti.
mate of last March. The visible pro-
duction of Cuba to June 10Th is 2,301,-
7l3 tons, OF 81 $40 tons less than last
year to same date. Last years crop
Omtturned 1857 1872 tons.
The week exports from Cuba in
eluded 10000 tons to Europe (Mr. Him
ley) making total to Europe from this
crop thus far about 100000 tons,
against total from last crop of 304 ,565
tons.
France secured during the week 5000
tons San Domingos for prompt ship
ment at 3 1l16c. elf. New York.
More British Buying !
'gFeports that Great Britain was in
the market for round lot of Cubans
at 375e +. O. b. Cuba helped the tone
Of the mark ct, somewhat. The European
beet sowings from latest reliable re-
ports from various sources indicate
total area of 1924 900 hectares for
1856, against 2,2O9,ll3 hectares
I9I4-l5, and a possible Outturn Of sugar
Of, 6 $4,000 tons for 1856, against
7,4T7 ,795 tons for l9l4-l5.
From Java the crop estimate is
l,335,750 tons, the fall-short from the
first estimate (1,350 900 tons), being ac-
counted for by the lack of rains in
April causing the cane to riPen pre-
maturely.
Domestic Beets
The preliminary estimate of the Uni
ted States domestic beet crop, based
upon the acreage of sowings and pos.
sible yield at average Outturn of the
last five crops gives a result of a pos
sible crop of 100000 tons, against the
646,257. ton crop last season. Based
on last years outturn, the crop in
dieates 835, 200 tons.
The Canadian beet crop, 1876,
gives sowings of II 800 acres, with pos
o.Dle crop yield of 1880 tons sugar, on
basis of average production of five
years.
Porto Ricos, and other duty-free
sugars, as Philippines, appear to be
weak feature to the market, 1900 tons
o. the later having been sold at 4.SOc,
while Porto RieOs are vainly offered at
4.83e.
rat Five Per Cent
~ 1ifrl -ence in market quotations
now beins Bbh between Cuhas and
fFee.dpty sugars j. I"sSN ly owing to a
recent decision of the IFNsi States
Court of Customs Appeals, whi<A Ifbr'
that the duty on Cuba sugar Is to be
determined by first deducting the five
per cent discount allowed thereon be-
cause of its importation in vessels OF
United States registry, or of countries
with which the United States has
treaties, and from the sum thus obtain.
ed to make q further reduction of 20
per cent in accordance with the stipu-
lation of the Cuban treaty. Fullrduty
90 test sugar is lR56e PetllbJ Deduct
five per cent, gives 1890 per ID. De
duet twenty per cent, gives ,9546c per
Ib. IS duty on Cuba sugar instead Of
l.0048 per h., as has been collected
since March |, 1914, as stipulated in
tariff bill passed October 3, 1918.
May BE Refunded
Under this decision the United States
Appraisers are to reliquidate the duties
on Cuba sugar collected since March
], l9l4, at the rate of .9546c per ID.
far go test basis instead Of at l.OO4Se
per lb., and to refund the difference to
the importers. The Cuba sugars IN
warehouse in bond March |, 1914, and
since withdrawn for consumption will
be 'reliqnidated at the same basis.
The United States Government has
objected to the reduction of the five
per cent on such imports and appealed
from the decision Of the Court of Gus
toms Appeals to the Supreme Court of
the United States. who accept the ap
peal aud will render their decision at
their new fall session, In meantime,
the present duty on Cuba sugar
q NO4Sc) will continue to be collected.
WIN Increase Deficit
1t will be noted, however, that in