The Hawaiian gazette., 1915-06-25
QUIET Tone RULES
NEW YORK MARKET
Willett q Gray Less Certain Of
Future Than In Preced-
ing Weeks
Cuban Production Holding Up To
October Estimate-Crop
Almost Pau

Sales for the week ending June 10
in, the New York. Market, as reported
by WilIett 3 Gray were only 10000
Tags, all prompt spot and June de-.
livery. .''
In part they report as follows: D..
Since Monday the market has Re
come quiet, with but little business re-
ported. Holders, however, have shown
considerable resistance. against any
concessions below 4.S9c and have either
ordered sugars into warehouse or put
on lighters rather than give way in
prices. Refipers' interest at present
Is in sugars not close by.
All Markets. Quiet
Futures, also, of July clearance and
shipment, are not quite as saleable
rs they were at 5.02c. Still, the quiet
market of these few days must not be
taken' as an indication of any import
ant or permanent concession prices to
be made by sellers. Statistics rather
point the other way, as indicating q
positive renewal of demand for sugar
from the United States for Great Bri-
tain aud France.
The United States Government note
now going forward to Germany is of
unusual importance and Of future in
tluence on business conditions in our
country.
The visible, Cuba crop production
continues to increase from week to
week as compared with previous sea
sons.
Cuban May Production
We print herewith Messrs. Gunma-
Mejer's figures of Cuba sugar produc
tion to May 81, 1915, say 2,172,7l3 tons
or, I'll $40 tons less than the previous
campaign season to end of May. Com
pared with two years ago the CORES
ponding produce in 1903, 1854 tons greater
now than then. The May production
of 1915, is 4l7,621 tons, against 3l5,-
395 tons in May 1914 and 7,79j tons
in May 1919, which latter was the
previous high mark for month OF May
production.
There were fifty-two centrals work,
ing on June s against twenty eight
last year, notwithstanding that the
weather for grinding was reported
daily as generally unfavOrable and re.
curing frequent stoppages of factorio'
for q, day at q time. The value Of
sugar is, however, so high and giving
such large profits to planters that il
offers o sufficient inducement for work
ing up all the cane possible. Some
estates production is now reaching
as large q number of bags of sugar a.
last year, and in instances exceeding
such, whereas month or more ago this
was not considered possible.
European Decrease
Our Cuba crop estimate, which ha,
not been changed from 2,600,00O tom
UiV In Of
1914, bids fair to be approximately
realized if weather conditions do not
seriously grow worse for the remainder
Of the season, and at this writing oul
cable message reports the weather as
imDroving
Recent reports have been received
here by mail giving advices regarding
the extent of the sowings in Europe
for the crop now being planted in
Europe, These figures are undOubteG
ly to some extent based upon reports
obtained by the factories, and the in
formation is accredited to German
newspaper.
The decrease in Germany is given a.
81 0l090, but from sources we usually
consider reliable, we can learn of nc
Indication of so large decrease. The
pri1ciPaT sugar journals of Germany dc
not speak OF decrease any larger thar
2Dto $50, the latter being generally
considered a maximum PERCENTAGE oil
decrease. f. o, Lieht advises in hi,
last report that the indication up to tn,
time of writing were that the decreas 81
Of sowings in Germany would be clos,
to 209S.
England Charters Ships
There is every indication that tho
exports of Cuban sugar to England viii
show a decided increase during june
and July, as the United Kingdom has
secured some twenty freight steamer.
which have been ordered to load in
Cuba during the time above specified
A special cable received by us to
day from Java reports exports of Java
sugars to ABiatic ports during May
u ,N6G tons, against $4,000 tons last
year. We understand these are al
cid crop sugars. Last year part of thu
exports were new crop sugars.
We are in receipt of important mai
advices from Australia confirming re
cent reports of dry weather in tina
country in its affect of shortening tn,
sugar crop. These advices report tina
the present indications are that tn
entire crop Of Australia will not excee,
10000 tons, This crop starts harvest
ipg in June, 1915, and finishes abOu
the end of this year. Last year >
crop Outturued 100000 tons. Orr cor
respondent states that the shortage il
the crop win necessitate large import
from some source. II would appeq
that sugars viii be needed ia Australii
ahont October this year.
Refined Disturbed
The Federal episode in the refine,