The Hawaiian gazette., 1916-09-29
TRADE
MOYESSERENElY'
Increased Consumption Of Re-
fred Is the Only Change
NJ. Brokers Report
Exports of Refined 10 Europe
and South America Are .
< Growing

f. Wiilett d Gray report sales Of $4,000
bags raws during the week ended Sep
TENDER ID. They report total stock
23J771 tons, against 254,727 tous last
week and 962,s tons last year.
i Estimated afoats to the United
States from Cuba and Porto Rico, 5000
tons; Hawaii, 10000 tons; Philippine
Islands, 1900 tons; various, 1000 tons;
total, $4,000 tons, against total l17,O00
tons last year. ~ g '.ses.,.
| Cuba--Entire island receipts were
1855 tons, against 67l9 tons last week,
e038 tons last year and ii 900 tons in
l9l4. Exports, l4,l47 tons; stock,
s53,0S4 tons, against 330,4T3 tons last
year. Centrals grinding, 1, against 3
Inst week, last year and In 1914.
Stocks Ia the United States and Cuba
together of sos, 1854 tons, against $685..
] 595 tons last week and ga ,624 tons last
/, year, decrease of IS, $50 tons from
last year, W. 20. "5.r1
Refined Moved Fast go 49,.
The amount of the demand for re.
fined sugar exceeded expectations, as,
In addition to the good business from
the local trade, foreign countries have
also bought quite freely, the latter
business of the week reaching $4,000
tons for several countries in Europe as
well as South America. This excellent
combined demand for refined sugar has
necessitated our refners being rather
free buyers of raws and, as Cuban sell.
ers were not disposed to meet this de.
mand very freely the market this week
has advanced - sS'4 Z ~ 55.5'F''''N" q
+ Porto Ricos were sold this week to
the extent Of 1000 bags at 5.27 cents,
sugars in quite a long period.
Another feature that gave sellers en-.
Encouragement was the remarkably small
exports from Cuba.
Demerara sugars, which, have not
been imported into this country for
several years, owing to preferential
duty allowed by Canada, were sold to-
day at Az cents e. & Z. to Federal, the
parity of Az cents c. & +. for Cubas.
Big Louisiana Crop
Adviees from Louisiana received this
ably ahead of normal year, as one
barrel of new cane syrup arrived on
September 5. The first arrival of new
syrup last season was on October 10,
and this early arrival shows that the
crop is considerably more advanced
than at the same time last year, and
indicates an early start in grinding
operations. There has been some talk
in New Orleans of the crop exceeding
300 900 tons in size, but this extreme
view is not concurred in by the greater
number of Louisiana planters, who are
figuring on a crop of from 100000 to
260, 900 tons.
Visible Cuban Crop
Sugar continues to arrive in mod
crate quantities at the shipping ports
1855 tons this week with two centralS
grinding, against 903s tons this week
last year, with one central only OF
work. The exports, as expected, arc
very light, l4,147 tons total, with only
$50 tons to the United States Atlantic
ports, while 1910 tons went to New
Orleans, POPS tons to Galveston and
10, l59 tons tor Europe. Stocks are re-
duced slightly to- 35cc; os4 tons.
The weather eontil,les favorable for
the growing crop. Visible production
to September is 2,97O,573 tons. Our
special cable states that general and
abundant rains have occurred during
the week over the western part Of the
island. Our later cable adYices report
that only one central now continues at
work. 70 +H7t-t3,f
Market for Refined
soiAsanptsd above, the refined demand
has been excellent, both locally and for
foreign use, aRd quotations are higher,
both for local consumption and for ex-
port. On Tuesday the Federal, who
has been quoting 6.25 cents, the same
as other refners, advanced its price to
$40 cents, and on Wednesday the other
refners increased their prices CORE
spondingly. The Federal then further
advanced to 6.60 cents, regular terms,
but all other refners, including War
ner, are at the 6.40.cent level. New
BUSINESS at the advance Is very light.
Export quotations are also higher, as
during the week sugars were sold as
low as sos cents net cash, in bond,
while now it seems impossible to buy
at lower than 5.25 cents. -
Michigan telegraphs that Michigan
and Ohio new crop beet sugars are
offered, without guarantee, ut sos
cents, New York basis, for territory
west of PittsbpTgh and north of the
Ohio river. The shipment is to be
made within thirty days from date Of
commencement Of factories opera.
tions- approximately October !, 1916
Later advices from Michigan state
that the beet quotations has advanced
20 $40 cents, but that II Is still pos
sible to buy at Cos cents.