The Hawaiian gazette., 1916-11-03
SUGAR SHORTAGE
Getting ACUTE
Worlds Stocks Reduced 70 Mini
mumFrst louisiana Crop
At Fancy Price

u t'0Ss VI iuW cubui ~ AN0W lVIh uuT-
ing the week ending October 10 we're
l57 900 bags cubas and 10000 full
duty Peru, San Domingo, Jamaica, Bra
iii and venczuelas. willett q Gray re!
port receipts at the United States At
iantic ports, 4o,7so tons; Meetings., So.
600 tons. Total stock, 5,5O7 tons,
against l0S,727 tons last week and
225.l75 tons last year.
Estimated aioats to the Upited
States from Cuba and Porto Rico, &c.
900 tons; Hawaii $4,000 tons; Philip
pine Islands $4,000 tons; various, TO-,
900 tons. Total $4,000 tons, against
total $4,000 tons last year. gss
Stocks in the United States and
Cuba together Of 3l6,8S2 tons, against
370,0l3 tons last week and 47l,380 tons
last year, decrease of 154, 40S tons
from last year.
Market Very Strong
The market for raw sugar continued
fully az strong throughout the week.
Full duty sugars, TO considerable
extent, in store and nearby, and No
ycmber shipment, were taken by re.
fners at Be per ID. elf. basis, including
also some preferential British sugar al
4Hc c. 4 {. These latter sugars are
subject 20 special conditions and
ALSO to war risk insurance. The
latest sales Of Perus and st. Croix in
nearby positions were at s Lice elf.
The reduction in stocks Of Cuba and
the United States still continues and
forms the basis for the strength and
advances TO the market.
Cuban Stocks e
The Atlantic ports stock has declined
to S5,507 tons, of which 25,140 tons
are owned by importers. The Cuba
and Atlantic ports stocks together are
now 3l0,67S tons against 363,5l5 tons
last week and 443,25l tons last year
/. With the first arrivals Of new Louisi.
ana crop sugar, the New Orleans sugar
market has taken on quite a degree OF
activity. Aside from the American q
10000 ton contract, there has been fur
Their buying by this company Of Oeto,
Der delivery sugars at &c TO the extent
OF several thousand bags. Henderson
has also been buyer at this price.
Texas Is Buyer ~ t,.'i5..q
+ Our adyices also state that the I'm
peiial Sugar Company, Sugar Land,
Texas, has entered into, a contruct with
some Louisiana planters for some So.
GOD bags at price understood TO be
isc below New York market quota ton
day Of arrival. Louisiana telegraphs
today that a heavy storm, with torren-
tial rains, occurred, stopping temporar.
lily grinding operations, but that no
damage was done to the crop. ~
Louisiana
This crop is now under way, as is
Witnessed by the first arrivals OF new
crop sugars at New Orleans on October
10. consisting Of leo barrels from
Anendale plantation, chasing choice Y.
c.. and selling at the sentimental price
of &c, Last year the trst new sugar
arrived on November 6. ~. .n.
Cuba IT. ..','7S.
Exports for the week total 34,44S
tons, destined 33,S58 tons to the United
Stntes Atlantic ports, with 500 tons TO
New Orleans, and no shipments to Eu.
rope, During the corresponding week
last year, 20,043 tons were exported.
Stocks stand at 225,lTI tons, Or about
the same as last years figures, 7.776
tons Weather has continued unsettled
throughout the week, which is favor,
Java -, AK "a
Special cable from Batavia reports
Java exports in September of lS9, 900
tons direct TO Europe, 1000 hons 70 Port
Said for orders and $500 tons to Suez
for orders ultimate destination some
port In Europe for the two latter ear.
goes, making a total Of 1871, 500 TOP 4
for Europe). To Asiatic counties
there were shipped 10000 tons.
Total new crop shipments since the
beginning of the crop are $4,000 tons
to Europe, compared with 329,453 tons
last year, and TO all ports sos, 900 tons,
Against 754.l67 tons last year. -.
Nail adviees state that Temporary
tax on sugar estates has been levied
effective from January 1, 1916. at ten
per cent Of such part Of the gross pro
ceeds that exceed certain scale Of
prices realized on the different grades
OF sugar manufactured, basis of S.25
fprins per Picui for No. 10 d. 8. -
Australia ~ "
peculiar and serious condition ex
lists in this continent. The Common
wealth last year. took over the regula.
tion Of the sugar trade. Local produc,
tion Is mot expected TO exeeed 2O0.O0(
tors, while consumption is around 270,
0Oo tons, leaving about 10000 tons Ia
be imported .n, y. - 7
A court decision has awarded a big
Increase to laborers, aud sugar pro,
dqoers under This decree cannot sell su
gars except at below cost of pr0duc
tion, at the selling prices fixed by tn,
government. The burden Of response
bility for the shortage Of supplies ii
shifted on the authorities, who refuse
TO move to effect an alienation OF tIp
impossible conditions causing manufac
turers TO produce sugar at loss.