The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-06-09
WORLDS Sweetness.
=. IS DISAPPEARING.
II 49, F - ~ So
WiIIett g. Gray Report An Stocks
" Reduced To Minimum and,
lava Holds Key
Outlook For Future Is In One
Sense Gloomy In the So.
Extreme

ending May 20 were only some 10000 !
bags. Willett & Gray report:
Stocks in the United States and Cuba
together of Liza, S43 tons, against
l.i32,g7T tons last week and 1,lSl ,453
tons last year, a decrease of36,6l0 tons
from last year.
The week under review shows con-
tinuance of the dull and declining con
ditions noted during the past three
weeks.
The decline Of the week, however, has
been limited to only Nc per ID. on the
cost and freight basis for nearby Cuba
Centrifugals, due to the excellent man
ner in which Cuban holders have re-
Trained from pressing sugars on an I'M
willing market.
6.o2 Was Lowest
The decline in Porto Ricos to 6.02c per
H.. noted at the close of last week s
report, has not been exceeded although
the latest sales at this basis included
Iighterage allowance of 3hc per 100
lbs. to buyers.
It is possible that the weekly Cuba
cable was influential towards checking
a more radical market reaction, which
was apparently anticipated by buyers.
The cable report gave largely reduced
receipts at stripping ports, and also
large reduction in exports, especially to
the U. s.
A broad outlook to the sugar situa-
ton wohld seem to indicate that buyers
might do we'll to take advantage of
any increased disposition on the part
of sellers to realize, and thus obtain
moderate amount of stock on scale
downward.
Worlds Sugar Bowl Empty
It must not be entirely overlooked
that at the beginning of the war large
surplus stocks of sugar existed in the
various countries of the world. These
surplus stocks have gone far to help
out the current production of cane
sugar which required to be largely in
creased to offset the two million tons
of beet sugars lost to consumption oct
side of Germany and Austria.
Such surplus stocks are now virtually
exhausted, and the consuming world
must now rely almost entirely upon the
current cane sugar production for ade'
uuate supplies while the war continues.
There is, therefore, at least, suspicion
that these supplies under weather or
other conditions may not prove Ito
gether reassuring as to continuance or
any reaction in prices being more than
temporary. After July the crops of
main reliance are those of Java to re-
heve European demand for Cubas and
the q. S. domestic beets to relieve
American demand for refined.
Java Is Gut of
Great Britain has already bought Jaw
as, and some Java producers are in
chned to think we'll as to the pOssibih-
ties for their sugars in case the war
continues into another year.
There have been one or two attempts
to interest our refiners in Java sugars,
but the indefniteness of time of ship
ment and arrival have prevented any
actual negotiations.
A continuation of a high level Of
values, with occasional reactions, ap-
pears plausible before cane crops in
crease or consumption decreases to an
equalizing point, under war conditions
and consequent absence Of some two
million tons beet sugar unavailable
from Germany and Austria
Cuban Season Ending
The decreased receipts for the week of
73,l36 tons against los, 229 tons for last
week, reflect the closing down from 80
Centrals during the week to 80 fac
tories continuing grinding May %
The exports are the strong point OF the
cabled figures, 69,549 tons total, OF
which only 1895 tons are destined I'd
the U. s. Atlantic Ports, while 1907
tons are for New Orleans and 20,69t
tons for Europe, showing the firm GRASP
Cuba has on the situation. Stocks are
increased slightly in consequence tt
945,92O tons, the highest point so far
Visible production to May 20 Ii
2,642,0S2 tons, against 2,0S6,092 toni
to corresponding date last year, and 2,
1871, 1923 tons in 1914. 1t will be noted
the visible production at 2,642,0S2 tom
this year has already exceeded the tota
crop Outturns of the two previous year
of 2,502, 667 tons and 1887, 1882 tons re
spectively. Unsettled weather, will
heavy rains in some parts, has prevail
ed throughout the week.
United Kingdom
Many complaints are heard of sever
shortages of supply of sugar. 1t run
the entire list from the refneries dow
through the wholesalers, retailers AM
actual consumers. In other words, tn
proposed reduction of consumption
being felt by the people.
Negotiations are under way betwee
the fruit growers, the fruit Gamers an
the Royal Commission to care for tn
full canning of the fruit crop this yea
Some reports state the Commission
lava purchases amount to from 10000
to zoo, 900 tons!
Europe win Increase Acreage
Efforts are being made by all tn
Continental governments to increase