The Hawaiian gazette., 1916-05-05
MARKET RENEWED
.,BYk \. BROKERS
u Ia ) - a
Details d British Dreams Of
Tropical Cane Extension
Are Interesting
Over Two-thirds d, Big Cuban
Crop Has Been
Harvested

SAFES OF raw sugar at New York
during the week ending April 10 to,
tailed 2S5,0OO bags Cuban and Porto
Rioen, and 1000 tons Pcrus, according
70 Willctt q Gray.
Stocks In the United States and
Cuba together were 10lB,136 tons,
against 952,274 tons last week and
S76,014 tons last year, an increase Of
l42, l22 tons from last year.
They stated in part that the strength
of the market noted last week con.
timed through the week under review
and during a part of the time business
was impracticable at the previous sales
basis, owing TO the advanced views Of
sellers, although one sale was made
at 602, duty paid.
More Export Orders
On Tuesday, however, orders for
Graduated for export to extent of
l0-15D00 tons were placed, and these
orders Immediately stimulated the raw
market, and sales Of Cubans for late
May shipment were made at 6.145c.
At close the market was strong, with
sales reported Of ahoats, April and
May at 6.145c, and with further buy
ers at 5he c. & 4. for all positions,
but with sellers at bc higher.
Cuban Visible Supply
In Cuba receipts for the week were
slightly smaller, at 1873, 700 tons, re-
fecting the closing of eight centrals
during the week, leaving ia grinding
on the 18th instant. The exports of
the week are slightly smaller in total,
amounting to 7s,905 tons, although tho
exports to the United States Atlantic
ports of 60,0l4 tons are slightly more
liberal than those Of last week, There
were l4,062 tons shipped to New Or
leans, and 1929 tons to Europe. The
stock in the island is further increased
to S73,332 tons.
The visible supply has passed the
two million tons mark, and to April
II the figure is 2,l2l 0aS tons. Esti-
mating the crop at three millions tons,
the balance of production, is. $4,000
tons, which is about the same as the
existing stock at the shipping ports,
the two amounts taken together leav-
ing visible estimated balance of
supply of 1855, pa tons. .-,. d.
The visible production at the cor.
responding date last year was 1875, 79f
tons, and the visible production in
1914 was 1,742,3Sl tons. Weather has
been favorable for harvesting through.
out the week, and during the latter
part light rains occurred In some parts
Of the Island,
United Kingdom supplies continue
scarce and the trade in some localities
ere entirely without supplies Tho
commission promise more liberal sup
plies during the coming month.
The l9l5-16 French crop has out.
turned l35,268 tons. Germany has pro-
duced only about enough sugar for
her own consumption, although Aus.
tria has a surplus. Russian l9l5-l6
crop is expected to give 1,5267S3 tons
Holland has prohibited the exporta.
ton of. sugar. Sweden's crop out.
turned 1885 tons.
Far Eastern Countries
India has increased the sugar import
duty from per cent to 10 per cent
The l9l5'l6 crop has Outturned 1896
6T3 tons, an increase of 1882 tons
from last years. crop, or .7.2 per cent.
decent inquiries in to ,freights from
Java and Eastern countries to tho
United States showed that rates were
about 3e per pound, but we understa nd
Government freights have been arTangt
ed lately at Is per ton, plus 90 per
cent, equal to abont $l.25 per 100 lbs.
In Australia, where the Dominion
Government is running the sugar bus
mess, the refners are allowed los. per
ton refining profit, against about fl
per ton, as we hear it, as allowed
United Kingdom .refners for profit on
the refined outturned.
EYnanai0n NJ prifioh Qnnor Tuduakr.x
A movement is on foot TO get the
British Government to support, foster
and extend the cane sugar industry
in British tropical possessions by
means of nome ntary aid, and also by
preferential tariffs into the U. X. on
British grown sugars, and also by
countervailing duties against foreign
sugars, especially. beet sugars, and
against such countries that have in the
past tended toward export bounties.
Representatives of the important
British sugar producing countries are
now on their, way to a conference in
London. The committees report shows
possibility of increase in British
tropical sugar production Of from $780,
900 to 4,541 900 tons. The PROPOSE.
ton, II put into operation, would ex-
ert an important change in the world s
sugar business, to say the least
Would Take Some Labor
In explanation of the very large pos.
Utilities in British Guiana, the letter of
the Government Secretary of British
Guiana dated Georgetown, January 10,
1918, addressed to The West India
Committee, London:
THE possible annual crop on suita.
BILE sugar lands eastward of the Pom
Groom River Is not less than 100000
tons, while il the large virgin allu
vial areas to the east OF. the PomeroOn
River and between thcre and the
Yenezpelad boundary were brought
under cultivation, the maximum total