The Hawaiian gazette., 1916-12-01
NEWSY ADV|CES 49,.
.FROMAN lNS|DER
Domestic Crop Not Injured BY
Frost Although Some
Wish It
Cuban Harvest Will Start Late
and Freights Will Be
High

l'ndcr date of November lG the New
York correspondent of one of the local
sugar houses state: Transactions
this week have been few and far be-
tween. Such ns there have been were
on descending scale apparently max
ing for q rapprochemept of old and new
crop prices. All rcfners profess to be
covered for some weeks ahead and some,
in the absence of anticipated export
business are talking about shutting
down and the annual cleaning up
Efforts made to draw out the Bri-
fish buying commission by solicited
bid at ; 3-4c Z. o. b. Cuba for new crop
have failed to produce any result. There
is still considerable quantity Of old
crop Cubas Offering at 5 3-Sc c. & Z.
without seeming to interest refners,
while on the other hand some offerings
at that price have been withdrawn.
Interested information 30 -.
cit is reported on the street this
morning that frost in Louisiana and in
Colorado has done much damage. As
the sources in both cases are interested
in creating crop scare, the opinion
is that it is advisable to await more
was not Of any consequence in Louisiana
while although one fourth of the Colo
RADIO beet crop is still in the ground
! the damage there simply means extra
expense in digging out the beets.
"Since the foregoing was written n
telegram from ths~Great Western Beet
Sugar Co. says that provided the pre-
sent favorable weather continues, the
damage to the beet roots en- Colorado
and Utah will not be serious.
Cuban Crop Late
cup till few days ago, rains have
been more or hess incessant both in
Cuba and Porto Rico, so that while the
tonnage is increasing right along, tbs
cane is not ripeping and consequently
harvesting will be delayed until moro
satisfactory weather conditions bring
the sucrOse in the cane up to a profit.
able percentage for working. Labor
troubles are more or less possible in
both Islands, but more likely in Porto
Rico than in Cuba. Whether Zayas OF
Menocal is to be new President in Cuba
is still apparently undecided.
Confirming our statements above
telegram has been received this after
noon from Himeley, Havana, to the
effect that a cyclone is passing Cuba
headed northward, but causing heavy
rains in many parts Of the Island and
making the prospects for an early start
very unfavorable.
Freight VIII Be High
Freight are again tending, upward
We have, however, only definite inform
alton Of one contract with a Steamship
company for six trips at 800 per 100
lbs. from the north side and 65c per
100 lbs. from the south side. This fact
however, is enough to satisfy us that
freights are going to be very high when
the now crop movement gets started
Refined sugar is very quiet and oil
rcfners are sellers on the 7.59c basis,
n" matter what their quotations NAV
he. There seems to be a determined
movement in England to restrict con.
sumption of sugar and this naturally
will react on prices in this market, but
as consumption on this side goes on
apac" and reaction may be Negligible
"There is little prospect Of domestic
beet sugar reaching the Eastern sea-
board this year as was the ease last
year for two reasons. the first is scarcity
Of cars and the second Is that such en-
effort to market the beet product would
result in cutting of prices that would
benefit nobody, least of all the pro
ducers of beet sugar.''
~ y f.