The Hawaiian gazette., 1916-09-22
sellers were IN
!. CONTROL Of PRICES
Exports Of Refined Continue In
Heavy Volume; Cuban Raws
To Europe

| pui'S VI INV sugar AT new 1Ork dur
ing the week ending September 7, were
10000 bags. cubas and 5000 San Do
mingo's. Willett & Gray reported: 81
Receipts at the United States At
lantic ports, 25,s29 tons; Meetings. 81
900 tons; total 254, 727 tons against
259 1913 tons last week and 2i7,SUI tons
last year. Hi. y
Estimated afoats TO the United sta.
ties from Cuba and Porto Rico, 2l 900
tons; Hawaii, $4,000 tons; Philippine
Islands, 1900 tons; Various, 1000
tons. Total, 10000 tons, against total
1l5,000' tons last year. 1s#
Statistics BY Special Cables ,.. -
Cuba-The entire island. Receipts.
6Tl9 tons, against 9S2S tons last week,
II ,445 tons last year and 5000 tons in
1914. $500. :
Exports, 40,573. tons; Stock, s61 .s7e
tons, against last year 364 200 tons. Il
Centrals grinding g. against 3 last
week, last year and in 1914. e." -
Stocks in the United States and Cuba
together of G23,595 tons. against 68I..
,92T tons last week and 673,265 tons
last year, a decrease of 1850 tons
from last year ,
The Raw Market 90.
They reported in part that Porto
/ Rico sugars aare now in scarce supply.
and what few sugars remain unsoid
from the crop are held above the mark.
ct price. - ~. ..,
Full duty sugars, st. Croix, Venezu.
elias, etc, were sold to the American
at 3Nc c. j. E., which is a normal
parity below Cubns at 4.OOc, c. & f. and
today Federal bought San Domingo
full-duty sugars at &c C. l. f.
I'VE, adjustment of refined prices
nearer to the basis of raws has had a
i"'U.auIe eieot on sugar conditions in
general, the demand for refined il i'm
proved and buyers show a willingness
TO continue in the market at full-up
prices,
Sellers Hold whip Hand
The future of the market from now
on lies entirely in the hands of sellers
or sugar, and it would seem good pol.
icy for these sellers to meet any de.
nand from refners for raw sugars at
he to 4Bc c. 4 f. basis, as, In this
way, refners will be able to maintain
a. steady refined market, which should
encourage the country to continue buy
ing sugars from day to day.
On the other hand, if the raw sugar
holders. endeavor to force the market
up and thus compel the refiners to ad.
VANCE the refined market, we think
that the whole position of sugars will
become disturbed and unsettled again,
as any advance thus forced on refiners
Is not susceptible of being maintained
owing to the fact that we are now ap.
preaching the season of the marketing
OF the entire beet crop of the country,
and which crop has improved since last
advices received regarding same.
Cuban Crops and Weather
The receipts continue normal, accord
ing to regular cable, the only import
ant item being the increase in the ex
ports to 40,573 tons, of which 1890
tons are destined to Europe End bal
ance to L. s. Atlantic ports. The 1arg,
exports caused stocks to decrease to
36l $40 tons. Three Centrals continu,
grinding. The visible Cuba production
to the end of August was 1868, 29S |
tons. The production during the mont |
Of August, 1916, was 44G44 tons
against $3.50 tons produced in August |
last year. The visible production t.
September 2 is 2,965,2lS tons, agains,
2.406,650 tons last year,
Philippine Islands
Special cable reports the shipments
during the month of August: 10000 |
tons destined U. $. Atlantic Ports,
1900 tons to San Francisco, | 800 tons
to England and about 5000 tons to |
Asatic, Ports. The total shipments Of
this crop are 259,000 tons to August
81, 1916, against 10000 tons last
year.
Refined Was Cheap
Refined sugars at 6.25c look a good |
purchase, not from a speculative stand |
point, but to those buyers who have
been holding Off and refused to accnmu-
late any stock Whatever. ~ this ho~'"
it seems to US as if the trade can buy +
sraulIy from Gay " gay Tor ;nr..
wants, without much chance of any |
loss. We
Pennsylvania Sugar Co, in. Philadcl-
Phia, are 8 points lower, under special |
conditions, than other refners, as tkey |
are now quoting 6.20c less 2 per cent.
Western Beet sugars have, declined |
also and quotations are now basis G05c
in Chicago territory.
The export business has shown quite |
some increase in a number of small. |
sized orders, and furthermore Norway |
has recently purchased u quantity II |
sugars, estimated at $4,000 tons. The
quotations for export sugar have been
below that quoted for Graduated |
locally, but with the decline made on
locally, both export and
domestic quotations are practically en-
the same parity, the general asking |
price for export being 5.l0c TO 5l5c
net cash in bond.
PARIS, August II, l916-The wealth.
er is very favorable for the beet crop.
There have been copious, penetrating |
aims, followed by warm weather, caus,
ing active growth, and complaints lie.
gnrding the crop are few Unless some.
thing unforeseen occurs, a good sugar
production is assured. 1t is to curly |
to give an estimate.