The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-03-31
STRONGER MARKET
lNAIE GRADES.
--.z.ss.s y
WiIlett & Gray Report Many
Favorable Factors In Sugar
"a, Y .ys'e.'a 0Htlook :" 'sa. y
Heavy Export Business IN Cuban
Raws andcAuiefican Refined
~. Continues =

f
ing the week, ending March le were
again heavy, totaiing over 665,000
bags Cubas, Porto Rieos, San DominJ
gossand Psrys. A 5000 ton lot Of Perus
was reported sold to Canada. The bus,
mess was about evenly divided be-
tween operators and rehners and in
clnded sugars In port, anoat, and
MarchsApril; delivery" ms
a willett q asay's report states, in
part, that stocks i'm the United States
and Cuba together were 670,795 tons,
against 5ss,13I tons last week and
566, 607 tons last year, an increase OF
l0s,1se tons from last year. ss #,
The Raws Market 3E. D.. .ssi
Influenced by steady and contin
nous demand for refined sugars, both
locally and for export, the market has
continued strong and advancing. !
Last week cost and freight quota.
tions, were 4kc for prompt, Aye for
April and AYE for May shipment. The
strength Of the market is shown in the
fact that the advances made were I'M
eighths, say from 5.39c to 5.52c to
5.64c to SITE to 5.89c, or totalihg an
advance Of 80 points for the week.
Porto Ricos sold March l6 at 5.64c,
an advance Of 81 points. Philadelphia
paid !5.7lc for Porto Ricos. vn.-
Full-dnty sugars have also been ac
tive and at advancing prices, last sales
being at 4Ec elf. New York. Perus
and San Domingos comprise the chief
sales. 4 -, -
Among the recent sales of raws were
purchases by European operators of
$4,000 tons Cubas for immediate,
March and April shipments to cover
purchases Of graduated for ex oort
The prices paid for these raw sugars
were 5,72c and b.77c. ,
4 Al the close the market was very
strong, with sales at 5.s9c for March
and April Cnbas, and with bolders ask
ing f6.02e for any position.
r ThesAtlantie port figures continue to
show large MEETINGS 10000 tons) and
cover the MEETINGS (72526 tons) the
materially XII.
Cuban Trade Bullish
The weekly eabled figures were bull
ish, receipts being 1909 tons or a..
SD tons less thar those of last week
The total exports, 1884 tons, we're
comparatively small, 1895 tons being
consigned to Europe, and according to
Mr.. Himley, 1900 tons to New Or
leans, leaving only S2,52S tons for the
United States Atlantic ports, which is
only about one-hAlf week 3 melt ngs
at the rate that the Atlantic refners
have been working lately.
Stocks in the Island are increased
ID AINg
stand at 535, $50 tons. against 1884, 900
tons last year. On March IS there
were 1873 centrals grinding, compared
with ia corresponding date last year.
Visible production to March IL was
1,S7s,460 tons, against 984,7l5 tons last
year and 1,l77,352 tons in 1914.
Latest cable adyiees covering the |
weather in the Island for the week
state that rains have. occurred in the
western provinces and some in Oriente |
province, which is mere favorable than |
the previously existing dry weather
conditions. u. q. -
Fofeign Situation.
Orr regular monthly cable gives
lava exports in February of $1,000
tons, all to Asiatic Ports. The latest |
exports to Europe were in October, !
1915, .... a...--..
Belgium productions of of the 1915, |
10 camDaign Is placed at 10000 tons,
while the stock at the end of the cam.
paign year is placed at about $4,000
tons, together $4,000 tons. whereas re.
quirCments are figured about 200, 0001
tons. The deficit could be importedl
from Holland, but the Dutch export |
values are above the maximum prices
allowed in Belgium by the German au.
th0rities. t,,,,ts - .'..s
\ France has arranged to pay beet fac |
tories 1855 lat the par of exchange) |
per ton for beets for the coming cam
paign.
in Russia only frteen OF the fifty. |
four beet factories are in working or
der, and the production of these if !
teen factories Is less than one,quarter /
OF the usual annual consumption.
Refned Also Advances
The refined market has closely fol. |
lowed raws. and quotations have ad- |
vaneed to 690c. regular terms, an ad- !
vance Of 40 points for the week. The
demand locally has been fairly active, |
although restricted In many cases by |
refYers, who are reluctant sellers.
The export demand has been brisk, |
and IN addition to the usual daily bust.
meas in moderate size lots, the follow.
irg round lots have been placed:
March , 9,l0, $500 tons at $3.50
March H. 5000 tons Tat 5000;
March 10. 1000 tors at 5H5c and
March IS, 1890 900 tons at s S0.s5. 9Oc.
The above lots are for various shin.
ments un to Nav, ard quotations net
cash in bond. feb. New York
Trust Gets Big Order gg.i., 4,
The announcement Is made that the
English Commission has entered into 4