The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-08-04
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.CONSUNPTlONtONa
a' PRICES ALSO
A Gfa 2 t4E- Et3.m fyts
Sugar Market At New York
Draos Under FaiIirg
Interest
Experts Doubt Ability of British
Colonies to Fulfil Large
Contracts

1871 tons, against 1861 tons last
week, 24,792 tons last year and l7,00C
tons in 1914. Exports, 3S,43l tons
stock, $4,000 tons, against last yea
5Sl 900 tons.
Centrals grinding IL, against ~ las
week, III last year and in 1914.
Stocks in the United States and Cubs
together Of S9S,576 tons. against 925,
767 tons last week md l,0l4,457 ton,
last year, decrease of 1851 ton.
from last year. $50,
Raw Market Dull
The week under review has been dul
and uninteresting for the most part
The demand for refined has proved dis
appointing, and refiners consequently
stopped purchasing raws at 6.40c.
This withdrawal of refners from tn,
raw market had discouraging effec
on Cuban holders, and offerings grad
ually increased at 6.40e, $3.50 and thel
at 6.27e.
Even at the concession to 6.27c. re
fners continued to hold of, and it wa
not until 6.l45c was reached that busi
ness resulted. The sales at 5Isc c. L f
were made on Tuesday, and consisted
of two lots, one in port and one ahoat
Sales In Small Lots
The market continued firm at the de
cline to 6.l45c with buyers, but Il,
sugars being 0btainable operato OF
raised their bids 10 6.27c, and 2l.OO,
bags afiOat Cubas we're taken at thi
quotation 1t is understood that thes
purchases have been influenced by NJ
newed demand on the {. o. b. Cub.
basis at about sc f. o. b. Cuba. A.
close the market is firm, with buyer
at 6.27c, but with sellers at 6.4Oc TO-
July and Case for August.
Porto Rico sugars were sold to az
OutpOrt at 6.27c, and the week close,
nominally unchanged for these sugars
Sales, however, could not be made un
less at decline from this quotation
There are some 0,000 tons of Port,
RlcOs still unsOld With a crop estimat
ed at 4OO,OOO tons, and with arrival
at Atlantic and Gulf Ports Of 345,3O,
tons, leaves u balance of praeticall
$4,000 tons, part of which is sold t,
rchners for shipment, and part of which
is for, home consumption.
Our Sugars Arriving.
Hawaiian sugars are arriving stead
y, the total arrivals at Atlantic Port
inns Far totaling l23,O7O tons. Thi
ia al bout half the full quantity destine,
to these ports. 1t will be remem bere,
that these sugars now arrive overlan,
by rail from San Francisco.
Several shipments of PhiIippin,
sugars are to be shipped overland b,
rail from San Francisco. One lot ha
already arrived at New York. Recent
~ there has been quite some activit,
in Philippine sugars, some 1900 tom
having been sold at 47Oc, basis SO deg
part to an outport refiner.
Full-duty sugars, such asl San Domin
Cos, Costa Ricas, Venezuelas, &c, hav,
also declined in sympathy with Cubans
last sales being at SIC elf. after sell
ing at &c elf.
The Cuban Situation.
The weeks receipts of 0,97l ton,
have Increased the visible productio
to 2,SS6, C43 tons, against last yrar'
visible at this time of 2,387.72S tom,
The quiet markets prevailing are r,
nret"d IN the small exports of onl
3S+3l tons total, destined 3O,7Gl ton
I" the L. X. Atlantic Ports, 4.94I ton
10 New Orleans and 2,729 tons t.,
Europe. stocks are 500 800 tom
against $1,000 tons last year. Elever
Centrals continue work, the same mum
Der as last wear. but one less than las
week. weather continues favorabl,
Great Britain.
The Allied Countries now at wa
nave held conference at which it va
recommended TO deny to enemy power
during the period of reconstruction
after the war "mOst favored nation
treatment regarding enemy commerce
ana to further enact anti.dumpin,
duties, etc. Also for u DEVELOPMENT Of
the resources "f the Allies in the fol
lowing peace period, 80 as to be in
dependent of enemy countries as far a,
raw materials and manufactured arti
cles are concerned. Following up thi,
idea, the representatives of the British
sugar producing colonies have met at
London and have adopted suggestion,
which they hope to get the home GOV.
eminent to prOmulgate.
The main idea is to have a prefer
entail tariff in the U. X. for British
grown sugars and to get the necessar,
capital to extend the sugar industry
IN the various colonies. The scheme
IT enacted, will naturally have a far
reaching effect on the entire sugar
world, but it seems hardly possible t,
Increase the production of the British
Colonies (not including India, whose
crop = consumed locally), from $50, OOC
tons 20 4,54l,OOO tons in any short
period of time.
These figures are the ones mentioned
AS the capacity of the various colonies
IN reports from their governments. an,
as printed by us in our issue of April
10, 1916.
Some British Plans
One report from Glasgow this week
mentions the possible increase of the
capacity of one of the Clyde refineries
IN view of the above plan, as the Bri
fish refining ability is only about half
the consumption. New capital could
be easily attracted IL European Beet
refined is 70 be excluded. will the
plan be carried out, or will the low
nrI"es expected to be named nv the
Teuton beet producers prove too much
"t temptation to be excluded entire
lyf
Refined
Locally the market has been ouiet
ana unchanged. All refners quote
lose, and there has been a modera IA