The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-11-16
OF RAWS
BOOSTS IIHE)PR|CE
Refiners Need Real Sugar To Fill,
,.. Holiday Orders For
GranuIated

During the week ending October %,
the only sales reported on the New
York market were two lots totaliug
100000 bags rubas in store, prompt
and November shipment. Refners were
The purchasers
Willett & Gray stated that Stocks in
the United States and Cuba togCthrI
were 439, 81 tons, against al $50 tons
last week and IO0, 1853 tons last year
an increase of 1859 tons from last
year.
transportation Difficulties
The immediate conditions are some
what abnormal While refners have
plenty of raws bought, yet congestion
OF transportation in the harbor has
caused difficulties in moving the sup
allies to the rcfncries without consider
tble delay. In addition TO the Difficult
lies at New York there is also a DELAY
in shipment from cuba, as some sugar
purchased for October first half NOVcm,
Ier shipment will not leave Cuba until
November.
Any holder Of raws who is in posi-
ion to make delivery to refinery at
Jrce might obtain an advance in price
Temporarily, aud this circumstance pre-,
ients |ahy important decline toward
new crop values until the present stu,
atioTnis relieved
Porto Rico Begins Harvest
There is every Indication that the
harvesting Of the new Porto Rico crop
will start early as there have been
some negotiations for these sugars for
November shipment.
The exports last week from Cuba
we're very small-6745 tons to Atlantic
Ports; which in connection with tho
mall imports ga, l64 tons, against AZ,
100 tons required for meltinRs--indi
late a firm basis to raws for the i'm
mediate future, as suggested above. No
new business in Cubas for Europe was
reported during the week.
Great Britain appears to have pro.
vided for it's needs for consumption fol
the remainder of 1915.
Cuban Receipts Are Small
= Receipts for the week were 1850 tons
against no receipts for the correspond
ing week last year. The visible pro
ductiOn now stands 2,540,37S tons
against 2,565,3S5 tons last year, or O
decrease of 24,9j7 tons. Exports were
i,745 tons, all to the United States At
lantic Ports, according to Mr.. Himely
Stocks are reduced slightly to 2l3,3Sl
,Ons, against $4,000 tons at this time
last year. One Central continues tC
make sugar. Light showers of rain ana
favorable growing weather conditions
| continue to be reported for the favor
| able development of the new crop.
Refined -"
All refners have remained firm al
5.25c less 2 per cent and refused al
orders at any concessions anywhere OIL
| N any amounts, in accordance with
previous announcement as stated last
| week.
The new policy, as outlined, appear,
10 give general satisfaction, as it ap
| plies only to the terms of the refined
sugar business, and not TO changes oil
| prices. Every refner makes his owl
price, as heretofore, but such change il
price by any refner means the price
named at the moment made and NJ
concessions of any kind.
American and Howell are still abou
eight to ten days behind in shipments
ArbuckIe can ship Granulated in barrel
and lOO.Ib. bags and some grades o.
sOfts promptly, hut other grades arr
about week delayed. Federal ar,
| prompt on all grades and, consequent
~, for this reason, have been getting
a full share of the business doing War
ncr still quotes indefinite delay.