Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-07-12
WILLETT&GRAYS JOURNAL GIVES
LATE NENSOf WORLD SUGAR TRADE

i
WiIlett & Gray's Sugar Trade Jour
nal for July says:
Statistics by Special cables.-Cu
the entire island:
Receipts, $1,000 tons, against $4,000
tons last week, $1,000 tons last year
and $4,000 tons in 1913.
Experts, 81 900 tons; Stock. 6SI 900
tons. against last year So, 900 tons.
gentrals grinding. 20 against % last
week, IL last year and q in 1913.
Stocks In the United States and Gu
ba together Of 1.160.042 tons. against
1,194, $50 tons last week and 954.0zg
tons last year, an increase Of zoe, 022
tons from last year.
Raws.-Ine close last week (Thurs-
day. was 4.S9c per ib., duty paid, for
SO deg. test Centrifugals. paying Gu
ban rate of duty, and 4.93c per ID. for
Porto Rico free duty.
During the week, until Tuesday. Gu
bas remained at 4.S9c, while the Porto
Ricos declined to 4.S0c per ID. or
course IL Cubas were free of duty their
market value would be the same as
the Porto Ricos, but by reason of be-
ing available for use in the produc-
ton Of refined for export, the Cubas
command the higher value, and the
full-duty sugars for the same reason
are of higher market value than the
Cubas.
The fact of there having been and
still continuing. and expected to be
continued, good demand for refined
for export, the sugars which pay a
duty will continue to command a high
or market quotation than free-duty
sugars which can be used only for the
direct consumptive demand, which
just at present is over supplied by re-
finers' surplus production.
The business of the week was as
follows: On Monday q sale was re-
ported as made on Friday of $4,000
bags Porto Ricos In port at 4.S0c per
ID. On Monday 5000 bags Cubas in
port sold at 3 7-sc c. & (. t4.s9c), duty
paid.
Early on Tuesday 57O0 bags Porto
Ricos in port sold at 4.s0e per ID. fol-
lowed late In the day with quite
large business which absorbed
good proportion of the Porto Ricos
1t 4.S0c that had been pressing
On the market for some time, say
about $500 bags In all.
Also on Tuesday Cubas sold at 4.S9c
basis FOR July and 4.92c basis for sec
snd-half July.
The removal OF these Porto Ricos
md new demand for refined for ex-
port including sales of $1,000 Granu.
ated,. gave a strengthening tone and
'endency to the market.
The sales of refined for export are
understood to be in part at 4.65c I. o.
}. net cash. in bond.
On Wednesday business included
md prompt at 4.95c, rais-
ng market quotations to 4.95c per Id.
Today Porto Ricos, in port, were Of
cred at 4S9c.
We print herewith an order Of the
Treasury Department to the customs
collectors to continue TO collect du-1
les on sugar in full, without making
he per cent discount allowance, and
Q suspend liquidation pending the de-
ision Of the United States supreme
curt.
As the suspension Of liquidation, as
Dove, would cause indefinite delay
nd inconvenience to importers and
efiners. especially in their export
raWback business. an effort Is being
made to have new orders issued per.
hitting liquidations as heretofore and
ubject to re-liquidation on the decis-
% Of the supreme court. il necessary.
The Cuba crop making has gone on
urine the week. but receipts are be.
,w last year t22.0oo tons against 81.
90 tons).
The visible crop Is now 1898, 713
,ns. against 2.sS4. 223 tons last year
D same date.
The weeks exports to Europe (Mr.
[imely) were 5000 tons, bringing the
Dta1 to date to about 100000 tons
rom present Cuba crop, against en-