The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-04-07
INDICATIONS POINT
: TO HIGHER PRICES
Ntlt.fj q N !
Willett & Gray State Their Belief
Z In Continued Strength
p. Of Market
Statistical Position Shows Short
age Of Stocks In All Producing
sl4t Countries

Sales Of raw sugar at New York dur.
ing the week ending March 20 totaIle@
10000 bags Cubas, one 5000 bag ship
meBt Of Perus and moderate sales Of
Porto Rieos. Wilett & Gray = report
states in part that stocks in the United
States and Cuba together were 1901
tons. against 67O.705 tons last weet
snd SOC, 1858 tons hast year. an increase
Of 108,s03 tons from last year. '
After the large advanced noted las
wedk, which carried 96o Cuba Centri
| fugak TO 4Kc c. 4 T., with Sc c. & (.
asked at the close, il was only natura'
to expect something to occur to caus,
some reaction 10 the rise, temporarily
NJ least ana such has been the ease
After further moderate sales at 5.s9c.
the principal business Of the week has
been at the basis of SIZE the Ameri.
can being the largest buyer. ~
The total sales for prompt and April
ahfi May shipments az this price werI
| fully 100000 bags of Cubas. FulEduty
sugars, including San Domingos, sold
ut ~ G elf. and later at 4Rc c. If. 70
| use In export refined. As we 20 tr
press the market quotation IL 5.7lc or
ssles made yesterday of sugars from
stnre. A lot for May shipment sold At
5.T7c.
Recovery Anticipated
While some further declines in price,
below SIZE are possible, we think thG
reaction Is not likely TO be important
hut rather TO be recovered, inasmucf
as statistical conditions still favor {
strong and rising market, to some ex
tent at least.
| II will be noted that exports from
Cuha to Atlantic Ports still remain
below the requirements Of MEETINGS
4 which fact Is further confirmed and o.
much Importance by' the receipts 70
tho week at the Atlantic Ports beinI
hut 81, 494 tons against melting re
\ quirenfents Of $4,000 tons. thus reduc
| ing stocks 1906 tons to l02,043 tons
European stocks Low
| Porh England and France are ut
very low basis for stocks, and have no
lar"elv participateIf in the buying o
refined here az yet, but must EVENTUAL,
/ NUHtc 10 US IOT lHgTtuStu buDDl tH.
I Altogether the sugar situation stats
calfy appears 70 be tqaite a. strong a
ever, and pace suggestions have littl
Influences, being considered as prema
4 tufe "'a'Nt
We have Just received an interesting
cable from Lodon reading.
English Commission has purchase
25,oo0 tons April shipment Javas."
Cuban Situation "51 T.
Cuba figures for the week are bullisl
receipts being E4,956 tons (practican
the same as last week., exports 74,19
tons total of which 9,343 tons are de,
tined to Europe, and according to NJ
Himely l4,508 tons were shipped I
New 0rleanS dnd 1000 tons to Calves
ton, leaving only 1854 tons for tn
U. 3. Atlantic refners, and which
much less than the weekly MEETINGS q
these ports. ~ -. T.. .0''
Stocks in the island are naturally il
creased by reason Of the large receipt
and small exports and now stand @
$40, To9 tons. March 20, 1856 Contra
were grinding, against ia at this tim
last year. Visible production to Mare
is is l,50S,416 tons, or say one. ha
wv Ivy 10 49, aneofu,hs 10 OF
tinm nas e1a S,s t ye'I' tse PIouu
anna 20 tos oSo Siesvlng GA
this date Tn toI4 ~ A., ros n ao. a. :,
sIn qSS toua - s"e "ere
9s23S0 tOmo haIan.a - 70 ',n a," anu o.
tbis data waathar ~ ~ Ss., n'o ato
tTn 5nst ,,,ooI 49, sS"i'ions uurin
thon thoso nsA,sa;is,ars 800 = .t o."o
nyt.rtsI co,,n..tas pittot " tn"''
A renort Il nns,ou =. TaSo A..
1aroe ercbange ~ ras,s "Sa eI"
been mt throuah ;aTT. na tI ~
tant - a. non 60. n,aP Pan 70 'ne =. =
an ooO tons EosmS. luHotS STA
deIfvo4eI "a E,nIamT plsanaS az W
rumors are inte1reiatod Ma",; ,Hu "