The Hawaiian gazette., 1915-02-09
PRICE OF SUGAR
CONTINUES STRONG
Tone Of Eastern Market Indicates
That Prices win Probably
/ .,r.s Remain Firm ,t.s

| Cuba, only for day or two did IL seem
that the conditions had turned to good.
| During these good weather days tho
raw sugar market felt their influence,
sellers increased in numbers and the
quantities offered became quite large,
says Willett & Gray's Weekly Statisti.
cal Trade journal.
! The American and other refiners took
Advantage of the concessions made BY
sellers, aud a very, considerable bust
ness was done in February sugar at
s7sc c. & Z. (3.s9c).
Other important business was done in
Porto Rieos anil Cubas for January
shipment at 395e, duty paid basis,
which became the spot market quota.
ton on Monday instead Of 404c as be.
fore =. =.
| With the return of bad weather for
grinding, however, the market renewed
its strength on Wednesday and there
were no sellers at below 9 1880 G. &
| !. t39Se) or Be c. e. 4. (4.0lc). Sales
Of January clearance were made yes.
tertay to the Federal at 9 31-32c E. &
{. (S.9sc), advancing spot quotation to
| this basis. .... IA
| Rather important news comes from
Louisiana that the. American Sugar Re.
| lining Company Isl willing to buy
Louisiana SUI gar at Bose, this being the
last price paid in that market by the
Henderson refinery when the latter
purchased $500 bags, at that price
This quotation of 3.95c is tho same fig
ure as that quoted at New York as the
New York spot quotation and this has
been the first time that Now Orleans
and New York were the same figure
although for some time past quotation,
were very chose together, New York be
ing 404e and New Orleans 4.00c. The
interest shown by the American Is Q
Jtrong'indication that the Chalmette re
finery at New Orleans will probably
resume operations either with Louis
tanas, Cubas or Porto Rico, ",
Advices received late yesterday from
New Orleans report purchases by tn,
American Sugar Refining Company Of
200 to 10000 bags of refining grades
of local crop at 3.95c per H., basis 90
test, delivered Chalmette, although New
York spot market advanced to 3.98c TO
a time yesterday. Later, however, tn,
market reacted to 3.95c on sales O
afloat Porto Ricos. .rqL "r..a,
An interesting table herewith give
the amount of sugar refined by Britisl
rcfiners, by months, and the imports o
foreign refined sugar for d eonsumptiei
during the same months of Septembel
October and November. ... d.. -.
Comparing the refiners' melting 70
! three years it would appear that tn
total refining capacity of Great Britai
is between ~, 900 and $4,000 pounds pc
= month. D. LII .,h.. ...-. e..s.. Eg.. "a. - .
= We print the latest Factories
u estimate of the entire countries produt
ing beet sugar in Europe, giving, whe
added together, total European bee
7 crop of T,443, 500 tons, against our est
:, mate of 6,425, 900 tons, which we leay
y for the present unehangeas ~ - e.,
The Factories estimate of the pr
y vious year was S,2l0,625 tons. \ o.,
= Transactions Araw sugar futures 0
the Coffee Exehange this week totale
: S4OO tons. Closing quotations: Eel
ruary, 2.9lc-2.92e; May 3.O7c,3.O9c, Jul
i 321c- .22c, September 3.31c3.32c,
Refined.-Selling quotations have r
e NAMED unchanged at 4.95c, less 2 p'
cent for Fine GRADUATED, and effor
to buy at below this price have m,
with no success here, and the strengt
of the raw market seems to warrant Il
carrying of fair amount Of sugar {
20 the hand-to.mouth basis.
Should the raw market show any ca
20 ing off by reason of increased produ
= ton in Cuba and desire to sell mo
= freely, then an easier tone to refine
u may develop.
~ The season for reduced prices, und
- such conditions, is probably being ma
A H. III
weather which continues to interfe
v with normal productions thus far.
. Cuban Clop.-[From our regular cC
a. a. rospondents) - Havana, January
az l9l5.-The weather during Decemb
no and the first ten days of January h
,o been very beneficial for the develO
~ meut of the canes, but, on the 9th
q hand. it has been very unfavOrable (
a. grinding operations. The frequent a.
m abundant rains have made the roads
ts transitable and the greater part of !
Nv Centrals which had already started we
or forced to stop work more than once.
n. The yield, owing to so much rain a
high temperature, uncommon at this 81
Iv son of the year, has been, up TO no
h. from IL, to 2 per cent lower than ID
NO wear on corresponding date. - .arg
he Some nsrties believe in a shortage
ed from 100000 to 100000 tons from
ok crop estimate published in Decemb
m. basiug their opinions on the low vie
We dare not make any statement
- this direction and consider IL prem
ture to make any calculation, for II
. is true that we are considerably ba,
Ply ward in our production, it is impossi
TO discount the weather that we v
2. have from now on, and if it will p
! nit grinding to continue during N
! aud all of June, in which case all avi
able cane, which has been much
proved and developed by abund,
rains, will be ground. ..,.
Since yesterday that weather
: banged notably, owing to the strC
wind blowing and falling Of the I,
l.