The Hawaiian gazette., 1916-04-21
END0E gUBAhGR(P
N0Nls IN SIGHT
{k.sas,., 49,.
On March 3iiSkty Per Cent Of
Cuban Sugars Had Been
Harvested -,
Nevertheless No One Knows
Where Sugar Is Coming From
To Supply Trade j.,

. .. = B. # Al aGs- T7TT---4 y .TtL
Sales Of raw sugar at New YorI
during me week ending April 9 wer,
about 100000 bags Cubas and Porte
Ricos, 1000 tons Pefus and 900 tom
Venezuelas. WiIlett and Gray report
stocks in the United States and Cuba
together Of s71,702 tons, against $50,
495 tons last week and 742,O5g tons
last year, an increase of l29,643 tons
from last year. Il ~.
The market during the week has been
quiet and rather devoid of interest
During the greater. part Of the week
there was practically no business do.
ing, and It was not until the close that
sales Of Porto Rieos on quite large
scale were made AZ 5.s3c. =,
cubans Are Holding sugars r"
The one point of interest was the
reluctance of Cuban sellers TO press su.
gars for sale, even though refners have
been Indifferent buyers during most Of
the week. They have apparently TAX
en- up the intention TO only offer sugars
when a buying interest appears. Theif
position undoubtedly is Influenced by
the scarcity of ocean tonnage, their f.
nancial independence and the ware
house capacity of the Island. In re
gard to the latter our correspondents
state that the warehousing capacity of
the shipping ports is from l,iOO, 900 to
100000 tons.
While quotations for Cubas remained
unchanged at 500, refners endeavored
to obtain sugars at decline of l-l6c,
but, as remarked above, holders de,
clined to make any concession, and the
5,96c. -
Canada Is Buying 49,,
Full-duty sugars have been in de.
mand from both local and Canadian. re.
%insos, feTTaaiST rus, and Gen Central R$sFftaha6
sugars have changed, hands at 4Nc to
4 13-16c. Canadian refners, who have
recently sold about $4,000 tons refined
sugar to England, continue to be in !
terested in these sugars. ... .' !
The increase in the English tariff
from &c to about Sc per pound and the
increase in the price to the trade VIII
tend to reduce consumption in that
country. w.
The cabled figures from Cuba are bul.
lish again, as although the receipts for
the week ending April ! amount to
!60,549 tons, and are the largest week.
ly receipts on record, the exports for
the same period, while amounting to
lOl,l22 tons total, are divided as fol.
lows; 1880 tons to Europe, and ac.
cording to Mr.. Himely q, 900 tons to
New Orleans and $500 tons to Calves.
ton, leaving only 1902 tons for the
U. 8. Atlantic Ports, which, as is we'll
known, is much less than melting re.
qnirements here during this period of
large export and domestic business,
and which constitutes one of the strong
points of the situation.
Two Cuban Mills Pau
Stocks are Increased to 1878 tons,
but there need be no alarm Just vet
ON this score, as a special report printed
by us this week shows total warehouse
capacity in al ports of the Island as
around 100000 tons, which, together
with the increased storage space on
gives Cuba facilities for
carrying about 100000 tons sugar in
the Island. 500.
The other strong feature is that dur.
ing the week two small Centrals, the
"a,
finished the campaign, showing that the
crop is approaching its close in some
places. On the other hand, one new
Central, Australia" has commenced
to grind. The weather has continued
favorable for harvesting throughout
the week, although light showers, even.
ly distributed, would be most welcome.
Cane fires are reported from many 10,
calities u -
Sixty Per Cent Harvested
Cable advices received by us just at
the close give the corrected production
OF Cnba, including March 81, as ,S05,- !
292 tons, against 1895, 797 tons to same
date last year and l,462,3Sl tons in
1914. The production of Cuba in |
March was 6s5, 1873 tons, the largest
month Is production on record.
An estimate of the 1886 Cuba crop
by "The Cuba Review whose figures
are about 3,1S4,2 tons, although they
state that later advices indicate the
crop may not reach their figure.
Porto Rico, like Cuba, Is also expert |
nncing unusually dry weather, in some
places only 10 per cent of the normal
rainfall having occurred.
English Duty and Sugar Prices
The Budget was brought down in Par
Lament on the 4th inst, and the sugar
duties were increased by so per cent.
from 0s I'D per ewt, (112 lbs. on go
test sugars and over TO las per cwt. on
this class Of sugars, or va per pound.
this i in United States eur.
rency, the duty has been raised from &c |
to about Sc per ID. |
The duty increase being is Sd per
cwt., q similar advance has been made |
by the Commission in their prices FOR
to the wholesale trade, say
Increase Of A. It'd from SIS equals
fla I'D Der cHt. fnr Iirnnnlntnh ]