The Hawaiian gazette., 1916-06-23
LABOR TROUBLES
= \. An l INFLUENCE
50. T., Zalg st 49, - 800
Sales At New York Confined To
Na Nearby distressed" !
Raw Sugars :.
49,. ..s. -A
European Consumption Has Been
High In Spite Of War
Conditions :" ~.
10 HHaN q g. III

SAFES OF raw sugar at New York dur
ing the week ending June were $4,000
bags Porto Ricos 1880 bags Cubas,
and 10000 San Domingos, all In port or
at nearby position. Willett q Gray re-
port Cuban centrals grinding SO, against
AZ last week, So last year and 20 in
1915 and stocks in the United States
and Cuba together Of LOGS, 6s7 tons,
against 1,096,749 tons last week and
Ll97,ll9 tons last year, % decrease of
127,432 tons from last year. AZ NJ
The week was slightly reactionary by
reason of the refners generally with,
drawing from the market because in
part Mt least Of the troubled labor con-,
ditions in the harbor and at the refn-
cries. A number of these difficulties
have been settled, but sufficient still re!
main an influence in checking free bust
ness. . - .siS -.ts, ~. !!
As result, sugars arriving and afloai
were without n market as before, and
have been pressed on unwilling buyers
at concessions, the sales Of such at the
close showing decline from s 5-l8c per
ID. {. & I. last week TO 5 3-16c G. & Z.
per Id. this week for Cuba eentrifugals
in port or afoat. This represents real.
" but a small reaction when taken id
connection with the frmer market OF
the previous week at the close. \
Sales are reported to renners and
operators at 6.2lc, giving the market
frmer tone.
Strength Will Develop 3.
Regarding present values from the
basis of the statistical position of sup.
plies and demand to October, little ap.
prehension need be felt Of any material
decline, and a recovery. to some extent
of lost values will not be surprising be-
fore very long
Receipts of the week and total stocks
increased, and MEETINGS fell off slightly
for reasons given. The increase il
stocks is all for account of importers,
the refners' stocks showing slight de.
crease. Full-duty sugars also declined,
the last sales being at 5Ac c. i. +. al
Renewed enquiry il noted on the>f. OBJ.
= G,fba basis, "hnd a. fair tihe of sugar
has been sold, fully 10000 tons, on pri.
vate terms.
Visible Production Grows
Cuban receipts for the week at 48,515I
tons continue in good size, notwith-
standing the shutting down of 10 CEN
trails during the week, leaving 80 grind.
ing on June 5. Exports continue of
fairly good size at 81, S63 tons total, and
which were distributed, 48,483 tons to
the U. 8. Atlantic Ports, II 800 tons to
New Orleans and 24,720 tons to Europe.
Stocks are in consequence reduced to
S59,S 41 tons.
Corrected visible production to May
81 is 2,709,7OQ tons, against 2,l72,7l3
tons last year and 2,244,223 tons in
1914, The production for the month OF
May, 1916, was 340,897 tons, while Az
62l tons were produced in May last
year. Visible production to June 3 is
2,733,957 tons, and compares with the
corresponding dates of the two previous
years of 2,2l1,Il3 tons and $3.50, 223
tons respectively. Weather has been |
unsettled, although rain is wanted in
the western portions of the island.
Consumption High in France
In France consumption for the year
ending March 81, 1916, shows falling
off of only 8.7% as compared with 4
normal consumption, notwithstanding |
the war and attendant high prices.
Beet sowings are 9.7% larger than last
year, and weather and cultural cOndi- |
tons are far superior, to last year. !
Argentine IL allowing raw or refined |
sugar to be imported Temporarily free
of duty until October l, 1916, but not
to exceed 10000 tons.
In Japan and FormOsa the 1918 1915
crop is expected to outturn 391 ,549 tons,
an increase of over 10000 tons from
previous estimate. Il
The Porto Rico crop estimate is raised
about $4,000 tons to 100000 tons mini;
mum.
Philippine Shipments !
Philippine Islands shipments during
May were even larger than those dur.1
ing April, $1,000 tons being shipped I'd
San Francisco, 1880 tons to England ,,
and Clio tons to Asiatic countries
Total shipments to the Y. s. so far this n
wear are 10000 tons, against $4,000 tons
last year. To England there has been
shipped from January to date 40 500
tons, against none last year, while total
shipments for this periOd are 10000
tons, compared with $4,000 tons.
Sugar Companies Dividends
The prosperity prevailing in the sugar I
producing industry is reflected in the
dividends that have been declared hate: II
ly, details as published by us elsewhere d
in this issue. II,
All refners' prices at New York re-
main unchanged from last week, at
1850 less two, per cent regular terms, !
the Federal making exceptional price of !
1859 less two per cent on local orders
and 765e for delivery from consign-
mBnts.
Soft Sugars Cheap
McCahan and Pennsylvania compa.
MES, of Philadelphia, however. on Tues.
day for local reasons named 1859 less 4
two per cent generally and-e7.3Oe for I
Pssortments with prompt shipping diFec. y
tions. These prices are still obtainable {
as we go TO press, but limitations point q
to some re-adiustment shortly. II
Arbuckle has an Accommodation Of Nos.
10, IL, IL and Is, soft sugars, in bar. 4