Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-28
BELGIAN SUGAR
CROP SHORT OF
NEEDED TONNAGE
In Russia Production Likely to
Be Less Than One Quarter
Annual Consumption


ridden country by about $1,000 tons.
and that only Il OF Russia's "a refin-
| cries are in working order. is the in
| teresting foreign news contained in
Willett & Gray for March l6. Ex-
ceEpts follow:
! Raws.
Influenced by a steady and con-
tinuous demand for refined sugars,
both locally and for export, the mar
ket has continued strong and advanc-
ing. AS We went to press last week
cost and freight quotations were 42sc
for prompt, 41ac for April and 413c
for May shipment. The strength of
the market is shown in the fact that
advances made were in eighths. say
from 539c TO 5.52c to 5.64c to sic to
| $3.50, or totaling an advance of 80
points for the week.
Porto Ricos sold today at 5.64c, an
| advance of 81 points. Philadelphia
jaid 5.71c for Porto Ricos
"Full-duty sugars have also been
active and at advancing prices, last
sales being at 4%c elf, New York.
Perus and San Domingos comprise the
chief sales.
Buying For Export.
Among the recent sales of raws
were purchases by European opera
tors of 10000 tons Cubas for imme-
date, March and April shipments to
cover purchases of granulated for eX-
port. The prices paid for these raw
sugars were 4.70c c.&f (5.72c) and
4Ac c.&f. (5.77c).
AS We go to press the market is
very strong, with sales at 4Ac c.&f.
(5.S9c1 for any position.
The Atlantic Port figures continue
to show large MEETINGS 10000 tons)
and with receipts only about sufficient
to cover the MEETINGS ,(72.526) tons
the refiner's stocks are not able to
increase materially.
Cuba.
The weekly ca6led figures this
week were bullish, receipts being 1884,
0t9 tons or p, 1880 tons less than those
Of last week. The total exports, 81,
S54 tons, were comparatively small,
1896 tons being consigned to Eu
rope, and according to Mr.. Himely,
10000 teas to New Orleans, leaving
only 32,52S tons for the United States
Atlantic. ports, which is only about
one-half a weeks MEETINGS at the rate
that the Atlantic refineries have been
working lately. Stocks in the island
are increased considerably, in conse-
quence, and, now stand at 535, $50
tons, against $4,000 tons last year.
On March 13 there were 1873 centrals
grinding, compared with ia cores
ronding date last year. Visible pro-
ducti0n to March II was 1873. AGO
tons. against 964.715 tons last year
and 1,177.352 tons in 1914. 49,. =
Our, latest cable advices covering
the weather in the island for the week
state that rains have occurred in
the western provinces and some
in 0riente province, which is more
favorable than the previously existing
Cry weather conditions. ....:
Java.
Our regular monthly cable gives
exports in February of $4,000 tons, all
to Asiatic ports The last exports to
Europe were in October, 1915.
Belgium.
The production of the 1876 cam
paign is placed at 10000 tons, while
the stock at the end of the campaign
year is placed at about $4,000 tons to-
gether 10000 tons, whereas require
ments are figured about 100000 tons.
The deficit could be imported from
Holland. but the Dutch export values
are above the maximum prices al
lowed in Belgium by the German au-
thorities. 49,.
France.
The government has arranged to
pay beet factories 1855 Cat the par
of exchangel per ton for beets for the
coming campaign.
Russia. .:..
"only Is of the 81 beet factories are
in working order. ard the production
Of these Is factories is less than one
quarter of the usual annual consump-
ton.
Refined.
The refined market has closely
followed raws, and quotations have
advanced to $500, regular terms, an
advance of 40 points for the week.
The demand locally has been fairly
active, although restricted in many
cases by refiners, who are reluctant
sellers.
THE export demand has been brisk,
and in addition to the usual daily bus.
mess in moderate size lots, the follow
ing round lots have been placed:
March $40, $500 tons at 5.55c; March
IL. 1000 tons at $500; March Is, 1000
tons at 5.63c and March Is, 1870, 900
tons at 5S0-S5-90c The above lots
are for various shipments up to May.
and quotations net cash, in bond, fob
New York
The announcement is made that
the English commission has entered
into a contract with the American to
refine raws for them to the extent OF
so, 900 tens, extending into period Of
several months.
AS We 60 to press quotations are,
Federal 7.00c and others $500. War.
ner is still withdrawn. :
Delays In shipments are still con-
siderable American is today ship
pings orders placed about February
t. - s.rlk