The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-12-24
+. :. go. W.
CUBAN ESTIMATES
UNPRECEDENTED.
HimeIy Guesses Next Crop At
Over 100000 Short
q 4.is..aa Tons a,a
Wlllett & GraylAntlolpate Smaller
Demand and Lower Prices j.
i, For Raws f..

For the week ending December Q
Willett & Gray report sales In New
York Of 5000 tons Philippine, So de
gree. raws, $1,000. bags Cuban raws
and $50 tons Mexican GRADUATED. Al
lantic ports receipts were I9.e49 tons.
MEETINGS, $4,000; total stock was IO6
254 tons, against l30, 1906 tons last week
and l72,510 tons last year. Cuban ok.
ports were 29,942 tons. .IT,a.~ &
Stocks in the United States and Cuba.
together Of 15S,653 tons, against 204
3l4 tons last week and PA 900 tons
last year, decrease Of S5,437 tons
from last year. II" H.. q. p
W The week under review probably com.
pletes the rise of prices caused by the
scarcity of available supplies for i'm
mediate use by refners, although few
more purchases may become necessary
by some refners before supplies in
crease sufficiently to meet all demands
Predict Less Demand ~ S.. .,.t..-l
That these demands are likely to
grow less from now forward appears
evident from the facts which come to
us from our news sources. 0ne-third
OF the domestic beet refined crop has
already been marketed, say 250.00O
tons, mostly since October Is. "
In addition to which there has been
purchased for consumption during De.
tober November some 100000 tons of
cane refined sugar, or total of 550,-
900 tons during the two months when
the normal consumption of the United
states is about 900 tons for these
two months of cane and beet sugar, or
a.. 4
Considering that the remaining crop
or domestic beet, sJme 100000 tons,
VIII be available for consumption dur.
ing tho next sixty days aud no doubt
Will be freely offered to take advantage
OF present values, il, is evident that n
considerable less quantity of Cane
Granulated will be able TO be market.
ed during that period than has been
needed for consumption during the first
months of the domestic refined manu-
facture.
Cuban Mills Grinding
lnasmuch as during the first part of
December, sixteen Centrals of large
capacity have started making the new
Cnba crop, and others are ready to
follow, it is also evident that before
MANY days or weeks at most new
and important supply of raw sugar will
be opened for our rPfnPrS.
Present values are such that planters,
not already tied up to some extent
by contracts made for early deliveries
to Europe and the United States. will
be very free offerers of such sugar
as they are able to deliver, which
will no doubt be of sufficient amount
to bring to an end the present talk
of any further stringency in supplies.
Values Must Decline
We therefore look for a somewhat
important decline to the market quota
ton for nearby positions to the party
of the values of futures for delivery,
which values of futures are also like
ly to he Influenced downward to some
extent at least by the daily increasing
receipts at the shipping ports of
Cuba.
New crop Cubas will soon be anoat
and due to arrive this month,
On Saturday, the American bought
$4,000 bags Louisiana refining grarles
at Sc, basis SO degrees, December de
livery at New Orleans.
Press reports state that the hearing
of the case involving the five per cent
carried in American bottoms, before
the United States Supreme Court, has
been postponed until February 81, 1915.
No Cuban Shipments
Our regular cable giving the number
Of Centrals grinding at the close Mons
day night mentioned seven factories,
against four at the same time last
year and twenty.three in 1913. Central
"Tuinucu was the first to begin the
campaign, followed /by " francisco !,
and "Hormiguero in the order named,
and the number to start operations
will now increase steadily. II
No new crop receipts have as yet
appeared at the shipping ports, and
hence no new crop stock exists and
there are no new crop exports, Weather
conditions are still reported as fine for
the maturing of the cane, for the conf
mencement of grinding operations and
for, the drying out of the fields and
roads For the hauling of the cane.
Exports of old crop sugars were 29,A
DAP tons for the week, of which amount
22l9 tons were destined to Europe
and further amount of 1900 tons to
Galveston, according to Mr. Himely,
with the balance, 1929 tons, for the
United States Atlantic ports, leaving
a stock of old crop sugars in the Isl
land Of 34,32R tons. 4
Tremendous Crop in Sight n
The Federal Sugar Refining Com
pany's agent in Havana, Mr.. Himely,
issued his estimate on December 7, 1915,
of the 19l5-l6 Cuba crop as 3,l75,OO0
tons.
At the close we have n special cable
from Cuba stating that the weather
throughout the Island during the week
has been dry and cool. Also our latest
cable advices from Havana report six,
teen Centrals are now grinding the new
crOn