The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-07-23
CROCKETT refinery
ANNO'YS TRADERS | !!
Threat To Enter Eastern. Market
To Sell Surplus Dlsturbs
Refiners y

Sales reported on the New York
market for the week ending July s,
amounted to only $4,000 bags, on ac-
count Of the holidays. ~
wiltett & Gray in their weekly,
stated that buyers and holders were
at SOME variance. -N''s
They state there has been no special
news received from any part Of tie
sugar world to innuence conditions ex.
eept the recent export business in re.
! fined to France. }faitlfH % y
Receipts this week from Cuba are
| 1890 tons, with stock reduced to 652,.
| 200 tons. Fourteen Centrals continue
grinding, against 8 last year. Visible
| production to July is 2,342,S53 tons,
against 2,399,349 tons last year, de.
crease of 56,496 tons. Our regular
monthly cable gives production to en-
of June as 2,333,S53 tons, against
2,38S,349 tons last year. ~.
June A Record Month ,.. g.. " s. "
The production for the month of
June was l6l, l40 tons, the largest
June production on record. Mr.. Hime-
ly's cable states that exports for the
week were divided as follows. I.401
tons to New Orleans, $500 tons to
Galveston, 1900 tons to Europe and
balance to ports north of Hatteras. All
reports from Cuba state that the wea.
ther conditions are ideal for the cane
now growing for the next crop.
Mr.. Himely, of Havana, has increas.
ed his estimate of the 19l4-15 Cuba
crop from 2,3S5, 900 tons, as of March
Is, 1915, to 1850, 1000 tons.
Philippine Islands
Philippine cable reports 10000 tons
sugar exported during June to East
Coast America and 1000 tons to West
Coast; 10000 tons were shipped else,
where. There are now $4,000 tons
Refined Sells Slow
There was an effort on the. mart of
our refners to hold selling prices at
6.l0c, but thus far the effort has not
succeeded, In fact there is an in.
creased disposition on the, part Of some
of our outport tefiners to sell b low
6.00c rather than to advance prices
| to 6,l0c basis. Some of the outport
refners have been selling, during the
past week, at $500. The demand has
not been good, the volume of business
under Withdrawals not being better
than fair, 40
| n Conditions, in the West seem tn be
more irregular than those in the East
and a recent telegram despatched by
agents Of the California & Hawaii n
Sugar Co. will not tend to settle mat
tiers.
This telegram states that it is the
intention on the part of this company
to make a price necessary to sell sug
ars in Chicago and the West until they
have disposed OF their surplus stock
At present they are selling basis 80 e
and future developments will $40 "
whether it will be necessary for the
California & Hawaiian to further re-
duee their basis in order to diepose of
accumulated stock. Domestic lent
sugars in the middle West remain on
: offer at $500.
! Export Rumors
The only fresh export broiness of
importance reported during the week
was about 1000 tons to France. uuder-
stood to have been sold at 4.70c, met
cash, in Bond, fob. In addition,
there have been several enquiries for
/ moderate size quantities.
1t is thought by some that there will
be an effort to replace the 1900 tons
of GRADUATED recently sunk off thu
coast of Ireland. As we understand
it., most of these offers are close to
4.70c, net cash, without discount, fob.
New York, in Bond, but apparently
the low rate Of French exchange
stands in the way, of business. as none
Of our refnehs are disposed to make
concessions in prices.
Domestic Consumption
The consumption OF sugar in the U.
s, for the six, months, January-June,
give an accurate reflection of the con
dition Of the sugar business in the
several sections of the country.
While the Atlantic Ports MEETINGS
have been large this season, the IN.
crease is caused by the large exports
OF refined to Europe, which leaves thA
domestic consumption through these
ports practically the same as last year.
CONSUMPTION of imported sugar
through New Orleans shows quite a
decrease, which il due to consider
able extent to the rather abnormal
conditions prevailing for part of the
SIX months period as to the market,
ing Of the Louisiana crop and condi,
tions of the sugar business gcuera l.
in that State. Consumption throurh
San Francisco also shows a small de.
| crease.
A Big Holdover
Louisiana crop consumed this last
six months appears large, but it will
be remembered that only a small part
Of the l9l4'l5 crop was consumed in
the closing months of 1914. There Is
still a large balance of the crop for
this time of year unconsumed. The
U. s, beet crop consumption shows an
increase.
Total consumption for the six months
is clos, 1876 tons. against 2,l3l,C9S tons
last year. and l,Ss5,967 tons in 1913,
1918 showing a decrease from 1914 OF
22, 662 tons, or 1.06 per cent, while