The Hawaiian gazette., 1915-06-04
W|tLETT & GRAY ON .
NEW YORK MARKET
Prices Rule Strong - Outlook
Good For Continuance Of
High Values

the week ending May ~ were 11O'"'' |
bags Cuban and Porto Rican and 900
tons St t'roix aud San Domingo.
wiIlctt q Gray's report states that
the business Of the week was on par
with that Of the preceding weeks OF
the last two or three months. In part
the report says: q,
''TRe weekly cable from Cuba, Civ
inc ipcteased receipts, brings the pres
eiit visible crop up to within l2O,736
tons Of the last crop, at corresponding
date. Increased offerings of both Gu.
bas aud Porto Rieos at 3Mc c. & I. and
soc followed, and a seller accepted
from an operator l.l6c per Id. conces.
sion for 5000 bags Cubas, aflOat, at
3, l3-I6e c. & T., making market quota
tion again 4.s3c per ID.
Ups and Downs
staOn Wednesday morning the market
was easier, with several sellers at
4.S3c, but on receipt Of several cables
from Cuba reporting heavy rains in
Cuba, with consequent interruption in
grinding, the market became frmer,
with nothing for sale under 4.S9c.
Futures for June shipment were,
however, well sustained and sold at an
advance to 4.95c for $4,000 bags to an
outport. Late june Porto Ricos sold
Howell at the same figure.
''Today the unfavorable Cuban news
had further effect, nearby sugars sell,
ing to operators at 4.S9c and June
shipment at 4.90e.
Notwithstanding that English stat
istics show that Great Britain has al
ready secured sufficient raw supplies
for several months TO come, that cOun'
try continues the policy Of constantly
looking further ahead at present basis
of values, which are in her favor in
Cuba for raw sugar, as against other
sources of SUPPLY.
"unconfTmed rumors place English
purchases during the week of Cubaa
for June-July shipments at 10000 tons,
at 3.75c f. o., b. Cuba.
English Consumption Large
"The consumption of sugar in Great
Britain is unusually large, 1877 900 tons
raw value, including mOlasses, or l6l,-
9S4 tdns. refined for April, but due per
haps to an expectation of an increase
of duty on sugar which, however, was
not made.
II Is the usual custom in England to
bring down the budget the early
part of Nav, an in this Budget it il
tariff rates.
Last year, instead of an increase
being expected, it was thought thu
sugar duty would be reduced and con
sumption fell Off materially, but wheI
it was known that the duty would re
main unchanged, the consumption in
creased rapidly, the figures for MAY
reaching 1881 tons raw or 1869:
tons refined value.
"In this connection, our Liverpool
correspondents write under date o
May s, 1915: AS no change wa
made in the duties, dealers are nov
Lnsy disposing Of their purchases, an
demand has slackened.
Cuban Mills Busy
CAS- the Cuba csntrals continue
working in larger numbers than las
year, the weekly receipts and stock
make lar"e increases, the stocks Il
Cuba and the United States togethP
are now l,l3S,229 tons, against ,l07
e2H tons at this time last year.
$4,000 tons fullduty sugar wcr
sold for use for exports this week a
$500 to f95c per ID, duty paid, fc
Cubas or Porto RieOs.
Atlantic port receipts for tho wee
were 81, 1877 tons, against MEETINGS
$4,000 tons and stock increases %, !!
tons to 1858 tons, against 3l4, Al
tons last year.
''Messrs Guma- Meier wired the G.
Ian conditions late yesterday as 70
lows: Heavy rain generally. Contra
closing rapidly; 'l47 CeDtrals wOrkin
against So last year and Ill in 1913.
"Adviees from Germany report thi
there is much scarcity of labor to ha
lie the growing beet crop.
Refined
"All list prices have remained
6.0Oc. less go during the week, !
though it has been possible, in
stances at least, to have orders book
at 5000 less 2 per cent, but 1t becom
more difficult to do this at the close, al
there is some suggestion of a high
list price ere long. The PennsyiNau
Company, Philadelphia, advanced
6.l0e, regular terms,
'"Withdrawals under last cOntra(
are rather disappointing because OF
continued ~uAusually cold weather
this month of May.
export business with Franco J
been put through to the eXtePt or
900 tons refined at underst0od +.6or
4.70c per Id. t. 0. b., net cash, in boz
and further enquiries are on the m
ket. ..y
Cuban Weather
According to special reports
ceived by us from all parts of
Island for the week ending May
l9l5.- Extremely hot weather
marked the week in many sectio
and has interfered somewhat with VI
of all kinds. Light to moderate ia
have also occurred at many points,
peeially in the east. The heaviest !
cipitation reported was about
inches in "a hours, at Camaguey, I'm
these conditions harvesting and plt
ing are making fair but irregular |
gress Conditions are, however, '
favorable for the growth of next g
cane, which has made excellent
gress so far.
From Germany, f. o. LIGHT rep'