The Hawaiian gazette., 1916-07-14
trade CONDITIONS \
!. REMAIN VERY SLOW
No New Developments In Sugar
Market To the End
Of June ID.

receipts 27,0e8 tons, against lo, 742 tom
last week, $4,000 tons last year and 81,
900 tons in 1914. Exports, o0,s09 tons
Stock, 6s1,S2s tons, against last yea
6sl 900 tons. Centrals grinding II
against 90 last week, 20 last year and
/ II in 1914. Stocks in the United State,
land Cuba together Of 932,535 tons
against l,003O07 tons last week and
a,l60;04s tons last year, decrease Of
227, 607 tons from last year. y
No Buying Yet ..s
The price Improvement was due 10
support by operators and to some ex-
tent by refhers. There has been no
general buying movement, and for this
reason 1t is difficult at the present time
TO maintain any advance established.
i The lack Of any general buying move.
ment in raws is due to the small local
i demand for refined. tt%EnAA tTeJl q
Il Cuban receipts for the week Of 81
09S tons are small, as is to be expected
| towards the close of the crop, although
they are slightly larger than those Of
last week Export continue of good
size at 90,609 tons total, Of which the
fairly liberal quantity of 53,226 tons
| are for the United States Atlantic
ports, with 5943 tons to New Orleans.
1920 tons to Galveston and 29,ll1 tons
TO Europe. ~. III. " =.
Cuban Stocks Small - t'' p 'n". .
Stocks in the Island continue their
decline and now stand at 6Sl 1928 tons.
Visible production is 2,814,20S tons to
June "a, against 2,3l6,7l3 tons and
1885, 223 tons to corresponding dates
for the two preceding years. 1t will be
noted the estimated balance of supply
is nearly 100000 tons less than last
year at this time, the figures eompar.
ing 867,620 TONS against 956.954 tons.
After July last year there we're ship
ped $4,000 tons to Europe. and as fully
this amount will be shipped this year,
ana from a smaller balance of supply, |
it would indicate a firm market for the !
unsold balance of crop, all of which |
win be needed by the United States re-
hners. Seventeen Centrals are grind.
ing. against twenty year ago.
weather continues to be reported fav-
orabie for the growing crop.
Porto Rico reports rainfall during
the first half of June as only about half
Of the normal, although temperatures
are high. a+s tt| ~ -"
British Control After the War
United Kingdom reports continue to
show an undated demand, while the
supplies do not arrive freely enough to
satisfy the trade. Reports from Lon.
Ion show that it is evidently the BRIT
sh government Is intention to continue
The royal commission in charge of the
sugar situation for d considerable time.
covering the period Of uncertainty and
vide fluctuations in prices that are
ikely TO ensue following the cessation
II hostilities or the declaration of peace
n Europe, whenever that stage is
cached. No one at the present time is '
wen able to predict approximately =
when the war will be over. .
In Russia. the area that IL 10 expected
will be planted to beets this year il !
'ver eighteen per cent smaller than last =
ears area. The reason given Is that
he areas affected are located near the I
REVEALING military operations. Short.
.ge OF labor is another reason for the y
ecrease. AS il is, there is a shortage .
T sugar in Russia. which will be felt Il
u the more so IL the supply to the civ. .
han population Is curtailed TO allow :
nficient sugar for the armies in the g
ED. -. I
Small
The demand for refined is verv light -
I the Td5c basis, and even withdraw. !,
IL are not up TO expectations. No ex. r
ort business OF volume is reported this a
1eek, although rumor was current "
hat Argentine had purchased some TO- a
1000 tons. This report hicks conRr. =,
iati"n and may possibly have been -
onfused with the, report emanating n
rom Europe that some 10000 tons Gu. Il
an raw and American refined mpar q
ad been disposed of TO Italy. = a,
In Australia there has been no .,
hanRe in prices since last adyices, the n
sderal government having decided to n
llaintain nresent values until the mid. /,
he Of 1917 -, W ". V.''|' y
The Australian erop, estimated ot a,
10000 tons. together with some 40 COO "
ms. from Fiji will provide, for :he
reater part OF our requirements and
NY ieave some further 10000 tons to
imported from other countries. OF
ExcHptionallv favorable weather has f,
revailed in FIJI, and il 10 expected d.
Jay the output will reach 10000 tons
W. SsoSoc ooot OrOp Li
Based on government weather reports 4:
DIG: - V u - " ~ vi
Temperature changes have been I'm. 6,
nPortant and the mild weather. of last l.,
eek continues generally in beet sec. (
ons' The rains Of the week in Ohio h,
ave continued to retard field work on h,
'count OF the wet soil. Michigan re. Ii
orts cool weather, but less rain than e,
Is been the case recently. In 'Wiscor. Il
n the weather has been more favor. p
Die, sunshine having been deficient for
me time past. .,
In Wyoming some rain fell during w
lie week, which in some sections of the q,
ate was much needed. The week was :,
lirly favorable for field work in Colo. III
lido, although rain is badly needed in al
me sections. Prom Utah the beets t,
70 reported to be In good condition. W
Leather has been -drN hut irri nntinn sr