The Hawaiian gazette., 1916-10-20
STQcKS,AREl0
;. EXPORTS lNcREASE
Sugar Shortage 'is World. VIDE
Says WMett 9 cray lndica-
ton Of Higher Prices In 1917

s There we're heavy sales Of raw sugar
at New York during the week ending
0ctober5, according to wiilSnt & Gray,
amounting to 10000 bags Of .cubas
nnd Porto Rieos; 5000 tons Perus and
300 tons Demerara, all in port, at
nearby positions, or afoat for October
Stocks in the United States and
Cuba together were 1882 tons,
against 493,S67 tons last week and
532,S23 tons last year, a decrease of
00,83l tons from last year. - soy L
They state, in part, that the market
Is steady, with moderate farther offer.
ings for October and later shipment at
&c CO f. (6O2c5. b. r..
Stocks Very Small
Stocks of sugar in Cuba and the
United States together are now below
lest year, and with delayed deliveries
Of new domestic beet sugar, present
values seem warranted for a time at
least. - ..E.rE q.
A matter of interest is the large
snies Of sugars recently from ware.
house to refners. Last week the i'm.
POrters stock was 54,607 tons and this
week the importers stock is reduced to
80, 400 tons. .,-F t.a,g. 20, 49,. -
In Cuba ...s. 5.n' w. , p.
One Central continues to grind, the
same as last year, but the receipts for
the week are 1885 tons, against 561S
tons for corresponding week last year.
The increased activity in the markets
is reflected in, the larger exports this
week--24, 406 tons total-destined 49,
00S tons to the U. s.. Atlantic Ports
5;023 tons to New Orleans and 1885
tons to Galveston, with no shipments
to, Europe. Stocks in the island stand
at POI, l76 tons, :
Visible production to September 30th
is, estimated at 2,975,O95 tons. The
weather has contiAued favorable for
the growing crop, heavy rains occurring
generally, being especially so in some
parts. During the week heavy rains
occurred on ono day, and moderate rains
the balance of the week.
Condition Abroad 90, 49,. d,
Mail reports from Java show two ear
goes (9,l36) shipped to Norway in June
this year and 1887 tons to Holland.
United Kingdom refneries are report.
ed TO be working full time again.
Official forecasts of the area planted
to sugar cane in India this year show
. deficiency of seven per cent com
pared with last year. The shortage
was caused by unfavorable weather.
deficient rsinfall and lack of water
supply. The decrease in the sowings
would have been greater had not high
sugar prices been prevailing. Follow
ing the plantings, good rains have been
experienced, so that crop condition is
now considered fair to good.
Sugarless Days In Russia
Sugar supplies are even shorter id
Russia than those that have been exist.
ing i'm the u. X. and France In Russia
there occur "sugarless days" when
everyone has to go without the article,
as there is none to be had. In order
to stimulate production, new factories
will be relieved from paying excise
taxes on their production. Arrange
ments are also being made to loan
moneyfto sugar 'factories against sugar,
the same as on grain.
Beet Crop Backward
A good, steady demand for refined
has been reported all week., The with.
drawals have been comparatively large
and invariably prompt shipment is de-
manded. In most cases prompt ship.
ment is difficult to obtain and the trade
is having trouble in obtaining sugars,
and rs the domestic beet crop is back.
ward, there appears no immediate 70.
lief to the situation. .-l
The market has been an advancing
one, following faYs. frsena, p. -
Rumored Export Sales 4
There have been numerous reports of
large export sales during the week, the
greater part of which lacked definite
confirmation However, the Federal
reports the sale of some 10000 tons
s., January. March shipment. While furth.
or particulars are withheld, we under,
stabd from our cable Adviees that this
sugar was purchased by Switzerland.
Export quotations have followed the
advance In local quotations and sellers
now ask 5.90c TO 6e met cash, in bond,
for fine graduated. Michigan and Ohio
Beet GRADUATED has also advanced
from G,55c, New York basis, to 6.8Oc.
Domestic Beet Crop
Based on Government Weather Re,
ports and notes from the press to octo-
Der 4, 1915: Ii ~
Temperatures had risen somewhat
during the week over the beet sections
of the country, but at the close decided.
ly cooler weather prevails, with heavy
frosts reported from some parts of Ohio
and Michigan and light SHOWS in sec
tions of Montana. Good showers have
fallen in Wisconsin, and on the Pacific
Coast some rain is also reported In
Oregon IA little InOresfain would be bene,
fetal, The Colorado crop continues in
very good condition. ThTeshing of beet
seed grown at, the Loveland factory was
started this week. according to our ad,
vices, and the yield from the 300 acres
Of seed beets apnears to be very good
1t is reported that the Great Western
Sugar Company is planning to build
another new factory in Nebraske, at
Bayard, which is about twenty-five
miles from their dering and seottsbluf
plants, N...... ~..'..