The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-03-05
SITUATION MIXED
BYMANY Factors
WiIIett & Gray's Report stu
Shows War Conditions 4.
.. Govern Trade a..

E.l7t.G ~. 'tj ---7-- g. ..q&bna ii I
For the week ending February IS
Willett & Gray report in part as fol.
lows: .-tH.aE =.
The reaction noted last week from |
5.O2c to 4.77c basis, duty paid, contin-
ued to 4.5l5c per ID. by sales made on
Monday. ~ g.. '>.f p. !
Yesterday the reaction had run its
course for the time being, and a de-
cided recovery in sentiment as well as
in sellers views was made Without
prompt sales to change the market quo
tation the demand for March shipment
advanced buyers views, and sales re-
suited at 3Ae c. & (. (4.7Te(, to specu-
latorB. ~ sc. .us.N:.. .+.'.
Meetings Exceeds Receipts ." ~ =
7 1he receipts Tor the week under re-
view proved less than requirements for
MEETINGS. The exports from Cuba the
present week, 1000 tons ITO Atlantic
|.,N with Porto Ricos and Hawaiians
, should show receipts at least equal to
tneltings. - .rntaB Z 4
| An interesting problem is as, to
n
win hesitate to enter the " war Zone,
! and be turned to the Cuban trade to
| some extent to the relief OF this traffic.
| Cuba exports for the week included
45O0 tons to Great Britain. ~,
! Sales Of the week amount to total
] OF 100000 bags, which is much less than
usual under normal conditions. -,
| Louisiana sellers participated in the
70 ne rdf mir
grades at 4.64c, delivered New Orleans,
4 late on the fifteenth. ,'s,~
Sailing Ships Garry Sugar g.. 80
From 35c per 100 lbs. quoted and paid
for freight rate from Cuba to United
I States, the charterng Of some fifteen
sailing vessels at rates lSc to 22c per
4 100 lbs. has an easier tendency to ton
mage conditions, though not TO any
very appreciate extent, as yet shown
in increased exports to the United
States. Present rates are zoe to 32c per
| 100 lbs.
/ Our Java cable herewith indicates
the completion of shipments of sugars
bought by Great Britain, say alto
gether or 900 tons. The, taking OF IS
much of the Java crop for the United
Kingdom consumption is being felt in
British India, where fears are expressed
Of lack of supplies before the new Java
crop is marketed. 4
Juba Production Increases
Cuba production is increasing week.
ly and begins to compare more favor
ably with former years, though stiIl be.
hind last year. -
We refer below more particularly to
influence of future weather conditions.
i fatl n To ID
055 tons under last year at correspond
ing time. 4
The present sugar situation is sug-
gestive Of anticipated changes in cOndi-
tions that have existed since the begin
ming of the present Cuba crop produc.
ton.
Conditions Analysed
The crop began under unfavOrable
, weather conditions, and by the delay in
production, prevented the usual settling /
to former low levels during it's early
stages. (he low level was 2Mc c. u f.,
against lNc e. & f., the low level of the
preceding crop. From PIC c. K fl
there took place steady, persistent ad- |
vance, without reaction, to dc c. X f. for |
Cuba centrifugals.
lack of tonnage and high rates of |
/
ward trend of the market, but the rise
in freight rates from normal of lOc per
100 lbs. to 3Oc, and even 35e in in,
stances, of course reduced the profits Of
the full advance to planters by that
Diligence, so that the f. o. b. Cuba
| prices to planters, or rather the net rise
in sugar itself, without freight consid-
erations, was but Approximately 1915
| %
H.. as Indicated by the C. X +. prices.
The reaction this week in price from
&c c. 4 I. to 31gc c. 4 Z. reduced the
net rise to planters to about .40c per
hound, as against .625c rise, c. L. I.
basis.
1 Vuvan Planters viii Benefit
! Such an advance, under crop c0ndi
tions as they exist. appears altogether
reasonable and likely to remain basis
| for an upward trend as to the net value
+. o. b. Cuba, which shall govern the cost
and freight values in accord with the
freight rates advancing or declinin". 1t
will be no surprise perhaps to find that
! as freight rates decline the f. o. b.
values win advance, thus maintaining
tho landed prices at New York without
material declines.
we are receiving direct from manv rS.
tates, when analysed and applied to all
indicates a total crop but little reduced
from our original estimate of 100000
tons. " ia .n.h
Depends on WeatherI
The unsettled weather conditions con
tinue-t to keep the cane green and grow,
ing, so that two crop problems are to
be solved in the next few weeks, the
first being as to whether the few weeks
ahead win turn cold and fully ripen the
cane for grinding with best results, or
second, whether the hot weather season
will come on to the crop before such
ripening takes place, and thus the low
degrees Of su~ ar content will continue
throughout the season and shorten the
crop eventually.
These results can only be known as
the weather conditions are reported