The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-01-07
OLD STOCkSL0W
AT CUBAN PORTS
Prices Are Sustained With Busi-
ness About Normal For
Holiday Season

''"N l'pOIN bubb org
600 bags of sugar were sold at New
York during the week ending Deem
Der 20, mostly for immediate deliv.
cry. Cuban raw 3 at the close we're
held at 4.s9, Porto Ricos 4.5l5, one
year ago 4.Ol; graduated 1891, last
year 4.753.
Receipts at the United States At.
lantic Ports, II ,574 tons; MEETINGS, A..
600 tons; Total Stock, 93,422 tons,
against lO4,S4 tons last week and 1914.
SIG tons last year. L
ESTIMATED afOats to the United STATE
from Cuba and Porto r GO, $4,000 tons;
Philippine. Islands 5000 tons; Various,
1000 tons. Total, $4,000 tons, against
total 10000 tons last year
Stocks Very Low
Cuban Centrals grinding 81, against
~ last week, 40 last year and 50 in
1918.
Stocks in the United States and Cuba
together of 1883, tons, against l39,-
4SS tons last week and 235 $40 tons
last year, a decrease of $4,000 tons
from last year.
The week under review has generally
been quiet. The market quotation for
nearby positions, however, has shown
an advance of one-eighth of a cent on
sale of about 1000 tons to operators
at 4.S9e. This price was also paid by
Federal and Warner for two small lots
in port. Other than this business there
was practically nothing done, only one
other sale being reported of December
shipment at 4.S3c to operators.
Owing to the advance in nearby val
ues, holders of sugar for distant ship.
ments also increased their views, and
at one time. during the week early
January was held at 4.77c and all Janu-
airy at 4.64c, but as we go to press
holders have reduced their views, and
1t is now. possible to buy NY, Janu-
airy at 64c and all January at 45l.
February was off red during the week
at 4A5c and later sold at 1890.
Distressed Porto Ricans
The feature of the week has been
the increased offerings of Porto Rico
sugars, and these sugars can be bought
at q concession from Cubas, sugars for
arrival about the middle of January
being obtainal lie at 464c, and II was
thought that if refners showed any in
terest at this figure, that early January
arrival could be obtained at the same
price. As we go to press some 81 O 10
bags prompt Porto Ricos sold at Aside.
The last of the Hawaiian sugars of
the old crop have now arrived, and
there are no afoats at the present time
from Hawaii, although II, is expected
that about the end of next week a ear.
go of new crop will be afl lat to thu
east coast of the United States and
will be settled for under the new con
tracts. and will be delivered either TO
Howell or Pennsylvania.
Ten New Cuban Mills
Receipts Of new crop sugars FIR the
week ending December Is were l2,GS3
tons, against $1,000 tons for corresp nd.
ing week last year aud 1000 tons in
1913 New crop exports 1920 tons aud
old crop exports $3.50 tons; to- ether
1878 tons; all to United States At.
lantic Ports. New crop stock is -
391 tons and old crop. stock is reduced
to S4l tons.
bate December 20 there were 80 Ctn.
trails grinding, against 44,S3 aud Ga,
respectively, at corresponding ties in
the three preceding years. latest at,
vices report 81 Contrals grinding, with
continued favorable WEATHER There
are 10 new {. ntrals that are expected
to be completed for grinding this cam I
paign, making total of 49, Centrals
to work tn p
Refined Falling OF
As we went to press last week it
was possible to buy some small lots
from the Federal at 6.00c from ware.
houses and consignment points. This
appeared to unsettle the market some
what, as on Friday two Philadelphia |
refners, the MeCahan and Pennsyl
Vania, reduced their selling basis to |
5.95c, and shortly after, this cut in
prices was met by American, Howell |
and Arbuckle. Federal and Warner
state that they are practically with, !
drawn from the market. These condi.
tiOns govern to the close.
Holiday Business Slow
Business generally has been very
moderate. Delays la shipments have
improved somewhat in instances, par.
ticularIv with Howell, who state that
they should be able to ship promptly
within a few days American is about
a week behind. Arbuckle prompt.
Export quotations e 4 90c, net cash
in Bond, f o. b. New York, for prompt
shipment in moderate s'za lots only.
Efforts. were made during the week to
obtain cargo of January shipm ut
GTanulated at A soc, but so far as we
can learn no business resulted.
California Beet Contracts
The American Beet Sugar Co. is re.
ported to have oyer $4,000 acres al.
ready signed up for their Oxnard (Cali.
fornia) factory for next years bects.
Over 5000 acres have been plowed, and
planting will commence next week.
The AmOlgamated Sugar Co. is re,
ported offering its be,t growers tw,
tynes Of contracts this year, one pro
viding for a fat rate of So ton
for bcets Of over - ner cent on b a.d
"a's. nnd the other for a siding scale
based on 81 ton for beets of Is per