The Hawaiian gazette., 1915-09-10
PRESSURE TO SELL
BYBEET PRODUCERS
Refined Prices Dropping Rapidly
May Drag Down Raws
If Distressed


about 10000 bags. A declining market
and few sales in small lots character.
lied the period under review Willett
& Grey reported tendency to recovery
at the close.
For the week, raws declined ale, re-
acted .06c. Refined declined .l96e.
Market quotations net cash this date
are: Centrifugals, 4.70c; Granulatri
5.39e. Difference, O.69c. Receipts, A.
2ll tons. Meetings., $1,000 tons. Total
Stock in Atlantic Ports, 303,l32 tons,
against 324,92l tons last week and
32S,51O tons last year.
Estimated atoats to the United
States from Cuba and Porto REQ, 90
900 tons; Hawaii, $4,000 tons; Philip.
pine Islands, 1900 tons; Various, 5000
tons Total 1O5, 900 tons, against total
100000 tons last year.
The lowest. price named for refined
here on this date is basis of Cane Fine
Granulated, in barrels, at $500 net
cash.
Statistics BY Special Gables
Cuba-The entire Island:
Receipts, IL 800 tons, against 3,140
tons, last week, $4,000 tons last year
and $4,000 tons in 1913. Exports, 30,lS0
tons; Stock, 405, 900 tons, against last
year 100000 tons. Centrals grinding,
5 against last week, 3 last year and
6 in 1918.
Stocks in the United States and Cuba
together of TAG, 1886 tons, against 79S,542
tons last week and $50, 100 tons last
wear, an increase of 9Ol26 tons from
last year.
Cuban Situation
After the hurricane and accompany
ing rains of last week, the weather this
week has been without very much rain,
and the cables during the week report
rain is wanted, especially in the west
ern provinces. Receipts are moderate
-ll.500 tons, against l4.OOG tons for
the corresponding week OF the two pre-
ceding years. Stocks decreased to 4O5,-
600 tons on the rather small exports OF
3O,4SO tons total. Included in tn e4
ports were 1900 tons for New Orleans,
according to Mr.. Himely. Five Cen
trails continue to grind, the same num-
Der as last wN"k, but against last
year and in 1918. The visible pro.
duction Is now 2,459, 469 tons. or 80 .059
tons less than last year at this time.
Ex1ort Business Restricted
The export business in refined is also
restricted by the lower price views of
Granulst ted and by the absence of sun
plies of CCS9s, which are particularly
desired by both countries, but in which
grade most refners are already sold to
the extent of their production into De-
tOber for large lots.
Later some 1000 tons Of refined are
reported to have been taken for foI .
eign account at a presumed basis of
4.40c to 4.45c per h. net cash, 70 b.
New York, in bond, and there are ru-
mors Of further business
Beet Sugar Lower
Domestic beet refined sellers of Mi.h.
igan reduced their selling price to $40"
less per cent, for barrels for prompt
shipment only. Western beet refine"
is reported to be at 5.3Oc In Chicago
and Missouri River points.
The California & Hawaiian refinery
is selling at $500 basis in Kansas City.
San Francisco declined 90 points to
basis of cane at 5000, and Denver also
declined 20 points.
Consumption High In England
The United Kingdom figures show a
decrease of only 12 per cent in the
consumption for the seven months enl
ing August. Stocks on hand DO not
vary much from last years, and the
secured supplies are put down as ample
to cover Tho ha/nce of the wear anu
leave sufficient stock and allow for n
consumption greater than las year. II
would appear from this that the Brit
ish Commission had secured enough
raws'for this year until new eror Cuba
sugars are available,
Regarding refined, howe .er. the mys-
terry still remains, but reports from
some parts of the United Kingdom state
that II is considered that enough re.
fined has also been contracted for. This
remains to be seen, but it might he
said that very large purchases by The
Commission for the balance of 1915 arc
hardly to be expected, although MID
crate sized lots may be obtained, from
time to time, as favorable OpportunIt-
les present themselves,
But Low In France
France shows more the effects of the
war on consumption with a decrease of
about ID per cent for IN 10 months end,
ing July. Production has heeu less
than half the usual and the imports
in consequence are more than twice
those Of last year. Stocks on July |,
at 1888 tons, are scarcely sufficient,
with the purchases of American G"anu-
lated now on the way and for ship.
ment, to tide the country over until
their home production starts. In mean
time they may be expected to purchase
about a month 5 supply. Their further
purchases Of American GRADUATED will,
no doubt, temporarily cease when their
campaign starts, until the French pro
duction is approaching its end
We estimate France will produce
about 100000 tons of sugar this 1856
campaign, against $50 900 tons last cam
paign. This will probably carry France
over to the new crop Cuba period. Or
ders for American Graduated for
France have been in the market for the
last few davs but could not be filled on
account Of the unfavorable condition OF
the foreign exchange market.