The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-06-11
PR|cESNOM ACTUAL
m SUGAR TRADE
~. NJ. - 49, $50 i
,Willett ( Gray State Opinion That
Strength Of Market viii
,.so5y contiaue 49,. ,.... ..
lava and Cuba Crops Delayed BY
Weathef Conditions Accord.
~ Ing To Cables -

.,Willet & Gray report sales of less
than 100000 bags for the week ending
May 2S.ss In part the report Follows:
The close as we went to press last
week as at 3Me per Id cost and
freight, and 4.s9c per lb. duty, and the
market quotation has remained un.
changed throughout the week. y
The market has maintained o good
degree Of firmness at this basis, and
has obtained some Improvement as to
business In future shipments and com.
pafatively active demand for such at
5.02e, duty paid. sE. f..
Prizes Actually Improved ..s.
The Significance of the steady mark.
a for the week without having the
customary reactions of previous weeks
to below Attic, is that the time appears
10 have come, for the actual improve
ment in prices, which many persons
have tried persisteAtly to bring about
before the time was ripe for It, and
hence were repeatedly disappointed.
We have in our cable from Java, re-
ceived yesterday, a possible cause for a
higher range Of values, provided Of
course that there Is no improvement in
Java weather conditions, The cable
reads as follows: Unreasonable
weather so far preventing expected ar.
rivals shipping ports.''
Javan Supply Delayed
q Reading directly, the report means,
that there Is delay in Java sugars for
early shipments at time when they
are specially needed for European CON
srmption, and reading the report in.
directly, means that Great Britain and
France now face q shortage in early ar.
rivals from Java of White sugars for
consumption which can hardly be re-
placed except by increased purchases of
refined in the United States.
ttolv will probably be no longer in
position to help out Great Britain with
sugar which she now requires for pro-
", Llon Of her own consumption.
Heavy Cuban Rains
From Cuba the daily information has
been of frequent rains closing some
f"-.+-ala temDorarilv, bnt the large re-
ceipts as compared with last year in
uirate that grinding continues on fav'
trable days to the largest extent prac
ticable. ..s.. T..
The week s receipts at shipping ports
were $4,000 tons, against 1000 tons
for corresponding week last year; 1926
Ceptrals tIater 1lS) continue working
against 81 last year. = ''| go. ''''F . 4
The visible production is now
brought up to 2,i21 ,092 tons, or within
81 736 tons, of last year 3 to same time
ctban Exports
,.Cuban exports included $500 tons tc
Europe, from which amount the ship
- h.
reason Of the very considerable Pur
ehases Of Cuban sugars made by Europe
and, still unshipped. .,
Atlantic ports receipts for the weei
welo reduced to below requirements fol
ineltiag,, and stocks diminished 763!
tons. Total stock IN United States
and Cuba together, however, increase
for the week 1924 tons to l,lSl,lo'
tons, against l,l00,460 tons last year
Philippines, have Aeen sold recsntly
for Juns-July shipment at S.0Oc
asis $50.
france importing e..
France Is reported to have Dough
1000 tons Demeraras at equal TO Il
G. st, New York,
As we 20 to press the market is firm
at full-up prices, with further sales O
nearby sugars at 4.89c. A moderate
qnantity Of Porto RicoS in port arr
offered at this price Holders. generally
are ask ing 5.02c for June,
Refined Shows Strength
=, Local business has gained in firm
neSs at list prices of &c, les two Tc
cent, Until it is now imUSssibie TO buy
&C less, aud . small business has te
vehped. at. the &c basis.
lRefnefs have been helped by the re
newed demands for export. During tn
TeIiod of. April is to May "a Their,
have been sold to England and France
close to 10000 tons American granu
lat.d, say 100000 tons to England
and 59-60, boo tons to France.
Demand win Increase
Our Java cable, reporting delayed
harvesting, win likely be the canse o.
renewal Of demand, which should Con
time for a considerable time, Rni
probably throughout the season, If thu
java weather conditions do not i'm
prove snfiiriently to allow sugar to b,
thipPeds-, promptly to England an'
France. > .tt.,,t s,4.,.. .. aa.f.
!. One refinery, the Pennsylvania, hai
advanced to d. l0c, less two per cent
aud ali others are likely to follow soon
Five Per Cent Disc cunt Clause
The Underwood tariff bill provided
that five per cent reduction IN duties
woahl be granted on goods imported ii
American vessels, provided that 1t doe
mot npliify any treaty with foreign ma
'tioas. s H.,
The customs court, decided May 20:
First--That merchandise imported II
ttit111 RfaNaa vaaaalQ 10 entitled Ia thI