The Hawaiian gazette., 1915-01-08
DELAYED HARVEST
OF CUBAN GB0Ps
Is Cause Of Advance IN Prices
n. For PROMPT Delivery
Z Raws

4 $780, 4,
For the, week ending December IL,
lows: ~ Y.
Rawat ~ !. Z, IN
Stocks in the United States and, en-
bAs together, OF 240,7 tons, against
against "a, 900 tons last. week and
~, 542 tons last year. an increase or
ls4,205 tons from last year. fg3s
Quotations remained at basis q soc
per lb., duty paid, for 90 deg. Cedtrifu.
gals until yesteFday, whom 3,95e was
paid by the Federal for prompt, ship.
ment cubas Previous purchases dur
ing the week were all. at basis OF PIC
9. & 4. and 3,SDe, duty paid, ana inehld,
ed some 400, 600 to. 100000 bags Cubas
ands Porto Rieos from store and fot,
prompt aud Rrst, half January ship,
hents, the American being the prinSi.
pal buyer. ls (. (, =. u IA n {
Cuban wsstAar Donations 9ad,
The fact Of an advance IN raw sugar,
rrightaat th6s;begilHine of q new Cuba
tcrpp, VI to be explained only by the
fact that that crop Is being DELAYED
beyopdi exBectatioAs BY, Anfavorablo
weather conditions FOR grindina and
that, IN the pleantime, the stock of
available old crop, Centfifngals Is vir,
tHally exhausted, both In, store here and
in Cuba, and Porto Rico, Importers
stocks now in store comprise /. 4S, 900
bags oubas and the balance Philippine
lower grades, 4. y .5s, e, ys.s = q 4 /;
Refners' stocks ara not evenly diyid.
ed, and these conditions Influence some
refipers to, pay, an advance to obtain
prompt, spRplies A, ,fgrther advance
may lstill be paid. fof lrays before the
supply OF new crop becomes more avail,
able for this reason. ~ y :. ~
New crop sugar; can be- had for all
January shipment At 25se {, y for
cubes, and at 3,s9c. per ID. for Porto
,Ricos 1. Some of the latter for DaeaI1;
Der shipment, from the first estate
grinding, were plaee,l at 3.S0c per, lb,
There are now twenty-seyen Centrals
in Cuba working, under difficulties Of
unsettled weather Up Ia Tuesday there
were only 1000 tons new ero1 received
f.six Poft Il, and 500 tons en- tire isiRnds
Sugar Rutnras !. + 81 (.
4 N a new Texture Of the sugar business,
now being tried eont, "a the commence,
mept Of eoitract buying and, selling Of
raw sugar futures on the Coffee Ex-
change Of the City Of New York. The
opening sales made on "Wednesday in,
clnded 30 tons OF February delivery 1t
2,s0c per ID, so tons Of July at 3I5e,
400 tons September ut 3.30c, all cost
md freight New York, delivered, in
warehonse. Altoeether the first day Z
sales reached ahonbs 1000 tons, inclnd-
ing February at 2.S0e 70 2.S5e, July at
B.fOc to 3.l5e, September at 3.25c to
3.30c, the latter month being. the favor
ste AN trading u.s. in lots Of 80 tons
or multiples thereof. T. RI is
The latest Private cables from Cuba
received today emphasize the, uHfaYor.
able weather, eopd lions thTougho the
entire Island, causing temporary stop,
ming, Of some, factories and delay in be-
ginning OF others, This. should affect
prices Of ayaiIable faNs, as already
intimated, n these conditions continue
for any length Of time, into January
for instance. p. ..,@ssa
Java shipmehts To- Europe continue
large, as Batavia cables us. specially
that the shipments to England during
November were l39, 900 tons. Ipeludad
In those figures. are 10000 tons that
have special options Of other parts Of
Europe or even the, United States.
British Spectators In Trouble
We print herewith AM important let
ter from our liverpool correspondents
showing the serious position occupied
by the British importers who have pre-
suned to do business and make sngar
importations Independent OF govern
ment protection. They find themselves
without market In which to resell
their holdings.
No special adviees received from
Louisiana, last reports stating that
there. vera sellers At 1885. On Deem.
her, llth there we're In warehouse in
New Ofleans, Tor planters account, a.
500 tons OF sugars. including plantation
granulated. chariReds and refining
grades Telegraphic adyiees at the
close report small, sale 3.75e, NJ
|. At. the close the market maintains
its strength, and the demand for imne-
date supplies continues, bpt with the
distant future values, neglected by buy
RsApes -
There are varying reports, Of the
amount of eTaBulated taken by France
recently, the most feliable being $500
TONS. Whatever II really Is, II has help
ed the, local market to restore to, some
extent, the, decline made generally on
last Friday to 1850 from the. Sc basis
prevailing last Thursday. "
United States Field and Factory, ;
Notes from the press: 49, i
The planting OF sugar beets for Visa,
liza, California factory Is reported TO
h9ye. heen we'll under way by December
LIST. Beets for the chino factory are be-
ing readily contracted upon same terms
as last year except for the SO cents ad.
ditional in case the factories Of South;
ern Qalifornia receive ovorr Az. cents
for their sugar. The contract is based
upon a,price Of $2l50- per ton for, beets
testing n per cent Of uRlNr snl %
cents per ton advance FOR eash per cert
betWesn. II and, 10 and q 40 eants al.
vance for each per cent over * 'frnc.
tions In proportion. This would bring