Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-12-15
STARTING Up Of
CUBAN CENTRALS
TO HAVE EFFECT
Transportation Problem Still
Acute, But Start of Grinding
May Affect Market

Needy refners VIII continue short OF
under way, and until difficulties now
attending the shipment of Cubans are
solved, accordin gto the market sum-
mary in Willett &, Gray for Decem-
Der 2, which follows.
Our anticipation of. q firiner market
for a time at least, by reason Of the
scarcity of supplies for needy refiners,
is realized by the course Of the mar
ket during the week under review.
The market quotation for Cuba CEN
trifugals. SO degrees test, at the close
last week was AT cents. per pound.
duty paid. It is now $50 cents per
pound. or say ZIG cents per pound
advance, quite. an unprecedented
weeks rise, for a long time at least,
and caused, as already said, by the
unusual conditions of supply. and de-
mand.
Anticipatiohs that the difficulties
now attending the, shipment of sugar
from Cuba, by reason Of the scarcity
and high rates for tonnage. may ex-
tend to some extent into the ship
ments necessary to be made in De-
cember and early January. has caused
also an advance of IA cent per pound
in early new crop deliveries, Janu-
airy having sold at 315 cents C. & +.
against 3 Ia cents C. & T. last week.
Early December shipment brought at
one time the full-up price Of sugar in
store "a IS cents c, & -.
laAa roo& KeoDS Nix
There is no Improvement in sight
in the present conditions of supply
and demand for refiner's use until
more new crop Cuba sugar becomes
available for shipment. Hence the be-
ginning of the making of the new
crop is a matter of unusual interest at
this time and is Watched for with
more than usual anxiety. Our latest
advice along this line is given in our
remarks on Cuba.
1t seems to us, however, that pres
emit conditions will tend to start up
some estates earlier than they have
intended to start owing to the present
incentive to get new crop production
on the market as early as possible to
avail Of present quotations.
The fact cabled us from Cuba that
one central has commenced grinding
is Of Importance in its sentimental ef-
feet and may have an effect OF. easing
off quotations for new crop deliveries.
the position of which at the present
time is about as follows. all c. & +;
December 4 cents, early Jan
uary 5-S cents, all January 81 cents.
early February 3-S cents, all Feb
ruary Ssl-4 to sic cents, March Ia
cents,
Philippine sugars have been active
the past week, about $4,000 tons, part
from store and part afloat, having
been sold to refiners at 3.S5 cents,
basis IS degrees, and 500 cents, basis
SO degrees.
Situation in Cuba.
The exports for the week were g..
209 tons, of which amount 1881 tons
are destined for Europe and the bal
ance. 23.61S tons, to the United States
Atlantic ports. Stocks, in consequence,
are reduced to 57,211 tons against 49,.
531 tons at this time last year. The
weather in Cuba continues fine. On
December special cable advices to
us from Cuba stated that one central
factory. the Tuinucu, had started the
campaign. A few more centrals are
expected to begin operations at any
time. Last year at this time one cen.
trail had commenced the campaign.
and in 1913 there were eight centrals
working.
Cuba Harvesting.
We give below the dates when Cuba
harvesting began for series of years:
1915 grinding commenced Dec. 1.