The Hawaiian gazette., 1915-10-01
DECLINING Prices
IN WHOLE TRADE
tWiiIett& Gray's Report For Week
Shows General weakening
In Sugar Sales ~.

ban ana Peruvian ,raws changed han,ls
at New York during the week. ending
September 10. Willstt a Gray 3 res
port states, In part, that aAosts total.
cd about $4,000 tons against 95Db0
tons last year. MEETINGS were $1,000
tons, compared with. receipts Of $4,000
tons. It., 49,. .,s'.
BY special cables Cubs, :, reports.
! Receipts, 9,Q3s tons, against il,445
tons last week, IL 900 tons last year
and 5000 tons in 1914. Exports, AZ.
! 765 tons; Stock, 330,473, against last
year 10000 tons, 5Centrals grinding,
! against 3 last week, and 2 in 1913.
4, Stocks in the United States and Gu
ba together Of .624, 624 tons, against
[ Stages tons last week and 513,O23 tons
last. Year, an increase Of III, sol tons
from last year. ~. 90 .,.,. ..,..,. J.
Business ,Dificnit o. IL 5e sIsa III 2
For the week offerings were small
and business difficult on account OF
many, disturbing factors. Porto .Ricos
continue, TO be offered at concessions
from Gubas. ,,.... d *. ~
! The market Il became, quite steady
when il touched 37.l6c c.. & f.. by rea-
son. of the purchases made by, opera
tors for, the rise. In the former in
stance, when the, same buyers checked
the decline at about the same price,
they were, able to dispose Of part, of
their purchases at q profit, and they
may be able to do the same in this
instance on q temporary rally in the
market, but the evident trend of the
market is now downward 70, for the long
Decreasing Demand For Game
! The requirements of refners for
MEETINGS are being reduced by the de-
. creased demand for Cane refined sugar,
which is already being competed
against quite; severely by the domestic
| Beet refined production. This latter
is now offered at extreme eastern sec
/ tons of New England, New York State
land the South, as Indicated in our re-
marks. on refined.
On the other hand; some consider
able increase in, the demand from
| Europe for refined sugar helps our re-
finers to keep their refneries running
at higher per cent capacity than If the
demand should cease. It is therefore
Of some Importance in estimating the
amount of supplies coming to hand,
d, and the prices for same, as they ap-
pear from week to week..
One Central Grinding m'
Receipts for the week were only
moderate this week, at J9,038 tons, al
though exports were fairly large, mt
42,765-, tons total, out Of which, how
ever, according TO Mr., Himely, $500
tons are destined to New Orleans and
$4,000 tons to Europe, with balance to
the United States Atlantic ports.
Visible production. to latest date is
2,5O5, 1897 tons, or 1895 tons less than
the corresponding figure Of last year
2,546,232 tons. Weather is reported
steadily as favorable for the new crop
now growing. One Central continues
at work, against last year aud
the previous year. Z, Stocks are reduced
to 330,473 tons, which is considerably
above the 10000 tons stock figure of
last year, ...,
Javan Exports Large
Our cable from Batavia gives the
August exports from Java to Europe
as l04 900 tons, which Is rather less
than was expected. Last year In Aug
ust only 5,490 tons were shipped to
Europe and only 1852 tons total N~
ports for the month, against this
year $ total for August of 1876, 900 tons.
Last year at this time shipping was
paralyzed on ACCOUNT of the sudden
outbreak of the European war. Total
shipments Of new 1856 Java crop
sugars to Europe, including the United
tons, against 29,7Q2I tons last year,
against reported sales of THU; crop Of
100000 tons to United Kingdom and
$4,000 tons to France. ! Total Java
shipments to sePtembersl compare as
follows. 1915, $4,000 tons; 1914, $780,
9lS, tons; l9!2, Sss, le4 tons,
, There has been q declining and un-
settled condition in the refined sugar
market during the week, under review.
The local demand slightly improved,
but the best feature of the market was
the renewal of sales to-, Europe. D. The
quantity of GFapulated sold for Eng
land is not fully con6Smel., It cap be
stated with a reasonable degree of ar
curacy that about 90, 900 tons has been
placed for September, October ship
ments. The prices are withheld, but
part of the business IL understood to-
have been placed at around 4,10c per
ID. net cash, In bond. free on board
New York. As 10000 tons were sold
September SO, the total business est
mated since and including those dates,
is around 10000 tons Granulated sugar
to England .-ng..s . .-..
Domestic beet refined factories have
come into activity at reduced quota
tions, as given In detail herewith.
Michigan beet quoted, In barrels only,
at SC per 10. This reduction no doubt
means the clearing of Of the remain.
ing old crop sugars. at best prices OBJ
tainable, to make ready for the new
crop business opening In October.
Notes From The Press
The United States department oF
Agriculture rates the average cOndi
ton Of the beet CROP Of the whole