The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-10-29
refined
Il GOVERNS PRICES
1872
First New Crop Sales For Janu-
AIRY Delivery At Four
Cent Level
General Tone Stronger Because
OF Changing Sugar Crop
Conditions Abroad

New York sales for the week end
ing October IA were 2O3,0OQ bags ca.
ban and Porto Rican raws. Willett 4
Gray make a comparison of PRICES as
of that date this year and year ago
showing raws One-half cent cheaper
this year than last. Granulated was
$500 this year and 5.SS in 1914, the
difference between granulatod and raws
being 0.702 cents now and l.37 cents
last year.
Stock in the United States and Gu
ba together of 5Q6,507 tons, against
$50, 1928 tons last week and 467 ,S55 tons
last year, an increase of 3S,G52 tons
from last year. Willett and Gray's re-
port states, in part, that business thus
far on the advance has been about mo-
dsrate, and the market can scarcely be
called settled, on any new basis until
considerable further business is DONE
The coming week will show whether the
advance can be, maintained or whether
lack Of interest by buyers will return
I the market to. it's former declining ten
4 dency until level is reached some
where below 3c.c.&f.
First January Sales
Some interest has been shown by spec
i ulators recently for new crop sugars,
particularly for January shipment.
! Sales were made at 3.S9c then advanc-
ed to 4OSc and declined to 4.Olc. Ad.
vices from England state that sales of
new crop sugars have been made to thut
country to extent of 2OO-25O 900 tons.
The visible Cuban production to end
of September is 2,532,9S7 tons, or 1880,
335 tons. The receipts of the week are
only l,755 tons against 5000 tons last
year, although exports are 27,06s tons
compared with IN 900 same week a
year ago a ~ o,
4 Cuban Stocks Heavy
i Stocks dec neabS Nslowly and stand at
, 236,394 tons, OF more than double the
figure of 1914, which-was 10000 tons.
One Central continues to work, and
! weather is reported as fair and unset.
tied, but all indications received from
Cuba point to record crop for 1915
IS. Visible production to October 8
is 2,536,603 tons against 2,564, 1888 tons
last year, or a decrease of q, tons.
Javan Exports Heavier
Our Batavia cable reports the Sept.
ember exports TO Europe as 80, 900 tOLs,
which rather more than makes up for
the July-August exports, which were
shorter than anticipated. The total ex'
ports of the, crop to Europe now stand
at 100000 tons.
1t will no doubt, be recalled that the
exports of Europe in August, 1914, were
only 5,490 tons, but after the large pur-
Ghases by the United Kingdom soon
after the outbreak of hOstilities, the
September shipments made up the large
total of PIP tons The shipments
to eastern cOuntrie amounted to 1856
900 for the month of September, 1915.
The whole crop this season is being
shipped. in record time, the total e
ports TO September 80 being 7a5,0O0
tons, against 6OO,307 tons and 705, S22
tons for the two previous years, res
pectively
No More Rebates
The demand at 4.9Or less per cent
somewhat improved the refined market.
| On Monday the refners, announced
! the discOntinuanee Of the recent priv.
ilege of withdrawing contract sugars
at the basis of the price on the day
4 of hnment.
One refner gave the following no.
| tice
/ "FOr all contracts entered ON and
after Monday, October II, 1915, in
voices will be rendered at the price
| stated in the contract irrespective of
what the price may be on date of ship
ment or when sugars arrive, at destina,
ton. For outstanding contracts. in.
| voices will be rendered and deliveries
made on the basis of prices prevailing
! at the opening of business Monday,
October II, 1918. All the. other re-
| fners issued a similar notice.
Domestic beet refined of Michigan
| and Ohio new crop manufacture was
placed on the market on Monday at
1850 per ID. (Ac under Cane refned)
for distribution in what is known. as
the Central West territory, OF west of
! Buffalo and Pittsburg.
European Beet Crops
Abroad, r. o. LIGHT reports that
German factories will begin their cam
paign only eight or ten days later than
usual The bright sunshihy fail wea
ther has much improved crop prospects
and yields. In Austria Hungary the
prospects are now for a good average
1T not run CROP Inc othclal hungar-
inn statement on the beet stand to
September 10, reports the development
of the beets AZ everywhere good, The
leaves are mxuriant and the roots
strong. Owing to the plentiful rain
and lack of attention some harm has
been done by weeds. For the ripening
dry, warm weather is desired.
Advices from Russia state that in
Kieff the sugar position shows no
change Of any note Sugar circles
have their attention mostly divided be.
tween the alleged manipulated scarci-
ty on the inland market, with, eOnse.