The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-01-22
SUGAR MARKET CLOSES STRONG
HIGHER PRICES ARE PREDICTED.
All Factors Indicate Shortage In Worlds
Supply Before Close Of Year 1915

Il IT, .l j II y 4 ~ T
The sugar market. At the close Of
the. year developed q number o. sur
prises. It has Developed that British
purchases Of Cuban faws for January
to March delivery were only 10000
tons, instead Of 100000 as previously
stated y Z. ~
Renewed buying Of refined BY French
agents; unfavorable. weather conditions
in Cutn, which have delayed the grind
ing Of the new crop; authantir q Vices
tr0m Austria and Germany that these
countries have ON hand enough sugar
to supply their own wunts, during 1918,
and Official orders directing the .attau.
ton Of Continental farmers Ia the pro
duction of early grains to replace beets
v-are all factors which have led to
sustained strength in the market. Is
Buying was Good I, N
For the week ending December 30,
/ Willet Gray report sales Of $500
hags Of Cubs; SuIinam and Porto Ricos
3d. basis and 1000 toms Philippine So
bais, from store and for delivery not
later than January 9 at prices ranging
l4.0le toT4.07e Tor eentrifueals and
&c for Sss'a. MEETINGS again exeeeced
receipts by 5000 tons, and total stocks
in Atlantic Ports decreased the same
iamount. .sNss ~
Total stocks for United States and
Cuba increased 10000 tons over last
i week and 1890 tons over last year.
New crop Cuban receipts. were 2S,D00
tons less than last year and 10000
tons less than 1912. Cuban production
to end of December is 1889 tons less
than last year. ,as 4sg1 IA.
n In part the report says: W
Cuban harvest Delayed N, w
Crop conditions in Cuba have not
materially improved since, our last re.
port, and the production Of the island
since the beginning Of the campaign
lis only 34,700 tons, against ll3, ISL
tons produced last year to end Of De.
cember. - s "a va, y,
The Cuban, situation has, no doubt,
had an influence in continuing the mar.
kst quotation at Sc, e. q 4 ole per
/ lb., duty paid !, and in a special few
:. ipatapces. I-l6c above. these prices has
been. paid, both for Cubas and for
/ full,dgty sugar, BY fefiners needing sup,
Iplies for immediate use, the supply Of
such sugar having given out TO an mn
usual extent at the close Of the cam.
paigp., al & 4 Z, -. & ~ 4 if,, Z ~ h. "a
Naturally the delayed crop prodre-
/ tion has also delayed the, customary
1 buying Of our re6nersy of early deliy-
cry sugar, and but few purchases have
been made for the United States sup
! plies of 1915.
! Offerings Delayed m &,
1 In the meantime the sales to Great
i Britain, made. last. August, Of l50, 600
tons for January March shipments are
Withholding such amount from being
| offered now ON the market. VI
1t tegihss to look very much as il
the present values may be maintained,
at least until Increased production is
sufficient to make free offerings,
/ As regards further competition for
Cuba sugar from Great Britain and
\ France, there are no indications Of, such
at this writing, both, countries being
,abundaptly supplied for some months
Eventually, however, both countries
must obtain new supplies from sources
outside Of beetTpot countries at war,
Iif the war continues Indefinitely,
War Zone Riantings VIM Decrease
In meantime, Germany and Austria,
from present crop supplies, have suf.
feient sugar for their own use for two
years, and thus about half Of the usual
beet.seed sowings next spring will be
turned Into an increase Of their cereal
| crops. IA x
Our latest Cuba repeEts eopdfm spIl,
tinued unsettiede weather eoaditiqns,
with only fifty-0ne sentrals working,
against ninety. sik last year and seS
enty-eight ing 1872 v, . 4. \ y VI y
Several holidays come into notice
during the last days q. the pear, which
have their Influence on the markell 70
some extent ~ coptrae ting BUSINESS,
and hence present stocks OF sugar be-
came reduced and buying for the fu-
ture is much curtailed BY the amount
ON Sfter being reduced BY the ship.
ments to go forward to- Europe Al
we'll as the unsuitable weather cohdr
tons in Cuba.
! British Bought Isss man Reported z
I As frequently mentioned hN us, the
English government putehassds during
August n large quantity Of Cuba sugars
for shipment during January N aFah,
1918. The quantity understQpd run,
chased at the time was 200O00 tons
minimum and 100000 tons maximpn.
Considerable effort has been made to
confirm these quAntitiey. but froul beat
sources we Gan, now state that not oyer
100000 tons was purehassd for ship.
ment during january March, tlm5, IN,
stead Of the larger quantities men.
toned above. These sugars are to be
shipped in about eqnaf qdantitieE zach
month. Goyermment adEices, already
confirm that 10000 tons are to be
shipped IN January In eight steamers.
France Cancels italian Orders 1
We have recenthE .HepoTtga In our
Journal that FIance had secured be.
/ tween 10000 and 10000 tons of sugars
from Italy and other peutlal countries.
j and while this BUSINESS was fully con.
/ frmed, adviees received recently from
Europe state that for some reason
A Eranca haa pancAliad n lanoo noFfion