The Hawaiian gazette., 1916-03-10
Curious CONDITION
/ or SUGAR MARKET
> h'ts24'3 {,
Higher Prices Paid By Refiners
For May Deliveries Than
For Spot Raws 1,a 81.

f. Gales Of Cuban and Porto Rican raw
rugars during the week ending Febru-
airy "a, as reported by Willett & Gray
amounted to about 100000 bags, foi
March, April and May delivery. vac
Stocks IN the United States and
tuba together were 456,042 tons,
against 1872, 06l tons last week and
An;S74 tons last year, au increase Of
45,6GS tons from last year. g.. 'g.fa
IN part they state that at the close
last week Cuba CentrifugaIs, 90 degree
test sold at 5.O5c. duty paid 10,
y pmpt and March shipments, and ai
LIE, for April shipment, the latte
and part of the former being to opera
tors.
kcfncrS Buy'ny For May 5,
Later, however, it appeared that re,
tl9rs were also Interested In the April
and May shipments, aud II developed
that on Thursday large business, es-
timatsd at about $4,000 tons, was put
through with refners for the above
aPecihqa shipments at l4e... -.
This buying made the highest price
Of Che week and still left a surplus
Offering of prompt sugars, for which
sellers reduced their price while still
maintaining the. prices for the future
mouths, ". a. V4tF
A sale Friday on Cubas in Port al
Q O5c. reduced the market quotation TO
6.05c. per pound duty paid. - "
Spot Sales SLOW - L.
Later sellers made rathe- free Of.
ferings of February and early March
Mt a.02c., but in absence of buyers the
market quotation remained over the
Tuesday holiday at 5.05c. per h., with
late March and early April sellers az
5ye8cs and all April at SIDE. The
present Is an exceptional condition,
when prompt and early deliveries are
of loss value than future months, and
as we 90 to press sellers of nearby
sugars are inclined to give concessions
to- dispose nf their sugars The futusf
position, while Influenced to some ex
tent by the easier position of nearby
sugar, does not show the desire to sell
exhibited by the sellers of spot sugars
AZ we go to press operators paid 5.Osc
Cor April and. 5.02e. for March. 81.
Cuban Activities E,,,,
Cuban receipts this week are large
than those of last week, being 1873, ia
tons for the. week ending February
10, against $4,000 tons last year. The
exports are more liberal. the totar
beng 90,s3l tons, of which 81 900 tons
are destined to Europe, 10, 900 tons to
New Orleans and $500 tons to Calves.
ton, making 5G,24l tons for United
states Atlantic Ports. ~ g.
stock in the Islands stands at ,345:.
2G0 tons ON February 81, and on which
date 17S Gehtrals ! were grinding
against l73 last year. Visible pfodue
ton is making rapid strides, amount
ing to 9i0,45S tons to February 10
against 5Tl,848 tons last year. During
the early part Of the week the cables
mentioned rain as being wanted, but
later advices Indicated that light rains
occurred in the eastern portions Of thu
Island. iIipf Efft' l. TtRF 4
Cuban Warehouses Crowded ,
Mr.. Himley, the agent in Havana of
the Federal Sugar. Refining Company,
writes nnder date of February Ia. 1915,
The scarcity Of railroad ears TO carry
the sugar'to the ports is causing ser.
IONS Inconvenience to the centrals of
III" Six Principal Ports, the majority
Of which have but q very limited stof.
age Eoom, and in most eases that space
ls already overcrowded, so much SO
that some Central owners are declar,
ing that they will be Obliged 10 stou
grinding unless the congestion ii soon
relcved. r., 49,. g..
Abroad ~ Z s'-
The state government of Queens,
land has arranged to take over the
coming crop. Australia and Fiji crops
together show an Improvement, est.
mats being raised 10000 tons.
>, The Argentine Government has pro.
hlbit"d sugar exports.
Refined Going UP
notwithstanding the advances made
IN the refined market aud the Increase
of MEETINGS since the strikes were set
Tied, it is with extreme difficulties that
the buyers Of contracts eau get tleliv.
cry Of the sugar they really need for
theS fnstoinars. Va combination OF
circumstances has caused this eondi,
ton, hackwardness in production due
to strikes. large Withdrawals by buy
ers, shortage Of freight ears, etc. ~
! Quotations advanced and are firm at
b.23ciless per cent for Fine Granu.
lated with some new hIlAin aassi ohi,,t, II,