The Hawaiian gazette., 1915-03-12
STRENGTH DEVELOPS
i. IN MANY LINES
~
-
WiIIett & Gray'S Report Is Hope
full for Continuance OF
Good Prices


For the week ending F,bruary 25,
Willett 4 Gray report sales OF g4U, 900
bags Mt 49, TO 4.s3, ubun, Porto Rican
anu Surinam, ana 4GJU toMs rhihpliin }
and Mexican.
Total stock in Atlantic | Orts was o..
1853 tons against ISL ,202 tons same week
last year. Estimated ahoGts were o.
900 tons against total 1,DpU tons las
year.
IN part the report follows:
sLati lies by Special Gables
Cuba--Ihe entire island:
/. Receipts, $4,000 tons, against 95 900
tons Inst week, 100, 900 tons last year
and 81 900 tons in 1913. =.
Exports, $4,000 tons; stock, 20 900
tons, against last year 3Sj,UO0 IONS.
tuhtrais grinding, I,3 against 10y last
week, liJ .ast year and ioJ in 1913.
Stocks in the United States and Cuba
together of 4l0,374 tons, amt 36 -
"a sr"s last weuh and j+,.-S4 tons last
year, a decrease of l3G,Hlo tons fro.n
last year. .
- Re6ners, from day to day, took
sugars that were offered to them at az e
q. " 1.lOI pI Ompt poi ..oLs, but refuse,I
to accept all March shipments, which
sold at 8Ac,e. 4 4 (4.7.r) t. speculil-
tors. ri
The Cuban weather was favorable
during the early part Of the week but
turned somewhat unfaN Orable again at
the close, causing saIes on Wednesday
ut 3Ac c. 4 f., followed by l5,IJe c,
Is {, (4.S3c).
Himely Reauces Estimate
The week 3 Cuba report, however,
showed an increase IN receipts, exports
and stocks in the island, more nearly
approaching normal conditions than for
any previous crop week, still the Visible
production to date is 23l, 0Jo tons be.
hind last year. On account of this de-
fciency and continued unfavorable
weather conditions, Mr.. himely has
stated that he reduces his crop es.imilte
IRON 2,O54,2S6 tons to 1888, 900 tors,
the latter amount understood being ar.
rived at by adding to Mr.. iIimely's Wis.
ible production to date an amount equal
70 the reduction made after that date
iast- year.
This estimate for the mOIrent Affected
the local market here favorably as to
renewing strength, inducing some buy
ers ~ pay an advance of Nc (489c),
but 1t soon gave way to an easier tone
and tendency, with sales at 3Xc c,
4 (477c). At the close, however, the
tone has again improved his noted al owe.
The selling Of the Cuba crop Is still
confined to the United States, with a
small interest taken by Canada.
England Supplied Until June
Latest figures from Great Britain in
dictate that Great Britain has 3 Efficient
refined sugar provided to last until
June, and enough raw and refined pro.
vided for together TO last tn. o. Oh
August.
/, must be remembered, however,
that Great Britain last year purchased
'u2nr In August for shipment from
~ nine months ahead.
With these ample supplies an imme,
late demand from Great Britain is not
likely, and sellers Of the Cuba crop
must look mainly to the United States
and Canada for buyers, FOR the eatlier
months. r..
Buying Hand.to- Mouth
The present policy of the United
States buyers seems to be to buy on
the hand to-mouth basis, and doing this
the United States stocks are again
lower than last week; the weekly re.
ceiPts, though increased, are not yet
sufficient to meet the needs for melting.
The latter are kept up by reason that
the demand for refined on contract has
been sufficiently large to keep reGners
behind in their deliveries to jobbers.
Freignts Improving
ThpFn n n sll avn AL 80 h.
United Kingdom from Cuba during the
week.
Ocean freight conditions have i'm,
proved during the week, 80 cents per
100 pounds now being the asking pace,
against 50 cents recently paid.
The labor strike in Porto Rico is not
yet fully over, by latest cable reports,
although the situation is slowly i'm,
proving.
Demtlara sugars can now go to Can.
ada, rs Great Britain has removed its
restrictions against such shipments.
Sales Of Demeral&s we've reported tu
Canada today ut equal about 3.95 cents
{. and f. New York 96 cents. This ac-
tic may or may not be followed rs to
other E.ltirh West India sugars.
Refners Behind on Contracts
Withdrawals are fair under contract
with new business restricted and quiet
Refined from second hands advance ed
$40 cents less per cent asked, with
offerings stiIl on the market, as rein,
10 can make deliveries.
Nearly all refncrs a,e some time be.
hind in their contract deliveries, which
fact tends to keep the market more
.teady than it would otherwise be.
Cable adViees received February 20 70
port that the strike OF field labOrers in
Porto Rico has not ended as soon as ex.
pertcl but in fact has become more
serious as it has extended to several
other districts.
Beet Lands for Wheat?
The dissatisfaction among the grow
rrs Of beets in Colorado and Montana
ON account of the failure of the sugar
companies to offer higher prices rOr
l.. suil IN la r,nsilnUabla mi,