The Hawaiian gazette., 1916-03-17
DOUBTFUL SUPPLY. !.
INCREASES VALUES
Views Are Changing As 10
Whether Sugar 10 Sight Is
Enough
w III ,ssgyi "A bas - III z 49, LFat
domestic Beet Crop Has Been
Absorbed and Cuban Supply 4.
Controls Market

4 Sales Of raw sugar at New York
during the week ending March 2, re.
ported by wiiiett b Gray, amounted
to 3s0Oe0 bags Cuban, 200, 900 bags
Porto Isicos, 900 tons Pcrus ana 1900
tons San Domingos, practically all
first or second half March or early
April, deliveries. y s}, 4
'@@ Stocks in the United States and
Cuba together were s23,64s tons,
against 45s;O4e tons last week and
47l,9eO tons last year, on increase of
5l,6ss tons from last year, ,4,F n
Il RAWsThe week under review
showed various degrees OF Rrmness,
: Last week the market had some
what Of an easier tone, particularly
for sugars in nearby positions. On
Friday and Saturday the market i'm
proved in tone, Sard when. operators
accepted the sugars In nearby posi-.
items which wore pressing on the mar,
ket at 5.Oec, the market continued to
gain strength. .iyei ~ H.. -
At the close the market shows
strength and aetisity; WIS ~vIne 200,
' 600 bags sold TO re9ners and operators
at, 5.2Oc for nearby pos, tions, and 5.27c
for March and April shipments. .
Dry weather In Cuba ny E'>'
Among the causes heading tn the
stronger market are the Increased de
mand Tor fefned locally. re renorto,I
business in Cuba on an f.o.b, Cuba
basis and the continuation NJ M
weather III Unba cneouragrng rsrorts
Of REDUCED crop estimates. Of Cuba,
w. Canadian refners have /, been 6. active
during. the, week, 5000 10 3 500 tons
Barbados having been. taken nv then,
at from a .25e to: 4.3Oe.. San Dcmingos
have .also, been sold moderately to Al
lantic Sugar Refinery gat, Al, l8c G If.
/, St. John for sugars afiqats =, " =. :
+ oahsn sales Fob 81 i1s't
Z During the past week sora so Cubag
q have been quite active on m = fob
Cuba basis ON an advancing scale. II
10 always difficult to obtain definite
conformation of this class of business,
but from various sources ii appears
that the recent business amounted to
about $4,000 tons at 3.55c and $500
fob. Cuba, the largest business result,
ing at the higher Sprices" Since these
sales cable advices report sales of ba,
lance cargoes at from 3,6Se to 3.72c.
fob. Cuba, and today business is re-
ported, In Havana at 377c. .
Cuban receipts for the week ending
February 20 were larger, being. ,I45,-
3O2 tons, against 100000 tons last wear.
Exports also are larger, total o., l55
tons for the week, OF which 26,23l
tons are destined to Europe, and, az
cOrdipg to Mr.. Himely, II 800 TONS 10
New Orleans, leaving 57,424 tons for
the u s. Atlantic Ports, rejecting the
active raw market of late. Stocks,
howeyer.s continue To- increase, del G
39p4l6 tons on February, %, against
295,OOQ tons last year,
Passes the NnIlion, MAX "a & ~ al
", --latest reports give 1871 Centrals IA
grinding. compared with ma n wear
q %. Visible production 4passed ME-
million ton mark this week, total I'd
February, fR6 IiO55 Tl54 fonsI mo rad
with 6sa.s48 tons ana oI8 ooS stops' ~
same date of two previous eampaisns
Weather during the fYst mart ~ the
week was dry, although some rains oc.
CURED in the east, Recent cables bave
mentioned 4drv wcather: and this con.
tinuancs Of drought. some places bay.
ing had no rain since last Deeember.
has been further confirmed nv our on.
bic stating the crop was, suffering from
drought although Il il too early 10 re-.
visa icron sast;,nafas pha. inror.an,,xl
of this information lies in the fact
that estimates Of cane drops Of the
world are hardly more than sufficient
TO cdyer estimated REQUIREMENTS for
1916. ~ p - NJ i. y -ts-.o.',-
Mr.. Himaiy Says That Il