The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-09-24
falling MARKET
AND SLOW SALES
WiIlett & Gray's Latest Report
Shows Featureless Condition
IN Sugar Trade


the week ending September totalled
about $4,000 bags at prices from ASS
down TO 4.45. Sales were either for
prompt or September delivery. Granu-
lated declined .196 cents.
p, At the close stocks in Atlantic Ports
were 277,S76 tons, against 2S1, $50 tdes
last week, and 1927 1906 tons last year.
Stocks In the United States and Cuba
together Of 673, 1855 tons, against 7O7,-
500 tons last week and $4,000 tons
last year, an increase Of 103,865 tons
from last year. '.. ,.'. ~
Course Of the Market - tt"f
In part Willett & Gray report as fol-
lows: .N-.@EN ~. g.. .s'N. -.
At the close last week centrifugal 90
degrees test, was quoted at 4.58c per
h., duty paid, with Q downward ten
deney owing, as stated, to the fact that
usually during the month of September
the sugar business in both raws and
refined goes to o hand-to-mouth basis
by reason Of the near approach of the
marketing Of the domestic cane and
beet sugar crops hH t...s
This season the domestic beet refined
sugar crop is unusually large and likely
to exert more influence than usual upon
prices especially II no change is made
in the sugar tariff at the coming session
Of Congress. -
Tariff Guessing >
As regards any change in the sugar
clause Of the tariff bill at the coming
of Congress, upon which depends very
much the future Of prices, good author
tiles expect no change unless necessi-
tated by decreased revenues, in which
event 1t is possible that increased
revenue needed may be made by the
imposition of small internal revenue
tax on all sugar going into consumption.
II Is yet too early, however, to state
definite possibilities, and we can only
repeat such suggestions as. are being
put out by legislators. ~.
The Cuban Crop va f|a &
ID Our cable showing the visible prodnc-
tion Of the Island TO August 81 gave
2,489,659 tons for this crop or 40,573
tons less than last years. crop to same
date, when the figures showed $780,
232 tons. The production for the month
of August, this iyear, was 6S,s3o tons,
against 61,7O4 tons for August last
year. ',' 49,.
y IL
445 tons, against 5000 tons last year
and exports Of 33,201 tons, reduce
stocks to 1854, 200 tons but which is still
somewhat excessive, being 1853, 200 tons
above the stock of year ago.
Visible production to September is
2,496, go tons, against 2,535,232 tons,
or decrease of 38,573 tons from last
campaign. While centrals were grind
ing on Friday and on Monday, Tues.
days special cable reported only 2 still
working, the same number as last :'nar
at this time. A slight hurricane, men,
toned on Friday, evidently did no dam
age, and latest reports state the wea-
Their is favorable for the 1856 crop
now growing.
Philippine Islands
Our CABLE from Manila reports 10000
tons shipped during August to East
Coast United States, against 5000 tons
last year. Shipments to elsewhere are
1000 tons in August this year, in which
amount are some sugars for the United
Kingdom.
Adviees from the United Kingdom
state that 5000 tons Philippine sugars
have been sold for brewers purposes
on the Clyde. These are understood to
be low grade sugars around rs degrees
test. Since the above purchases furth.
err business has developed, and it is now
estimated that 100000 tons of these
low grade sugars have been purchased
by the United Kingdom, On September
there were $4,000 tons afoat for East
Coast United States, but arrivals since
that date have reduced the ahoats to
$4,000 tons, ..- .-..-..,.
Refined ~ E
Business was somewhat restricted by
the holidays from Friday to Tuesday,
and the demand is not particularly sti-
INFLATED since the Tuesday ,re-opening.
Re6ners quotations remained unchang-
ed until Thursday, when after several
reductions, selling quotations are, as -
go to press, for new business, as fol
lows: Federal 5.3Oc, Warner and Ar
buckle 5.40c, American and Howell s.
90" al REGULAR terms.
Confirmation comes to hand that the
British commission bought yesterday
$4,000 tons graduated at close to 4Ac
per ID, net cash, fob, New York, in
bond. 1871 s'''.''
Michigan beets graduated is quoted
at 5,2Qc.' for barrels only.
Conditions Abroad
Reports from France are that there
will be q heavy deficit in the coming
beet crop. f. o, LIGHT announces IN
der date of August 10 that he has been
forbidden TO furnish any further infof.
nation as to the condition of the Ger.
man beet crops. Conditions are "sa
in Austria aud crop pro