Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-28
BELGIAN SUGAR
CROP SHORT OF
NEEDED TONNAGE
In Russia Production Likely to
Be Less Than One Quarter
Annual Consumption

That Belgium's sugar crop will fall
under the requirements OF that war
ridden country by about - 900 tons,
and that only - Of Russia S ~ refin-
cries are in working order. is the in
terestng foreign news contained in
! WiIlett 4 Gray for March lG. Ex-
! rerpts follow:
/ Rsws.
influenced by a steady and con-
tinuous demand for refined sugars,
! both locally and for export, the mar
ket has continued strong and advanc-
! ing. AS We went to press last week
cost and freight quotations were 4.c
! for prompt, 412c for April and 4 &c
for May shipment The strength Of
| the market is shown in the fact that
| advances made were in eighths, say
| from 5.39C to J.52c to 5.64c to SIC to
! $3.50, or totalinG an advance of 80
! points for the week
Porto Ricos sold today at 564c. an
! advance of 81 points Philadelphia
! jaid sic for Porto Ricos
"Full-dutv sugars have also been
active and at advancing prices, last
sales being at 434C eff. New York
| Perus and San DOmingOs comprise the
chief sales.
Buying For Export.
Among the recent sales of raws
were purchases by European opera
tors of 10000 tons Cubas for imme-
date, March and April shipments to
cover purchases of graduated for en-
port. The prices paid for these raw
sugars were 4.70c c.&f. (5.72c) and
4&c c.&f. (5.77c).
AS we go to press the market is
very strong, with sales at 47sC C.&f.
! (5.S9Cl for any position.
| The Atlantic Port figures continue
To show large MEETINGS (7O,0O0 tons)
and with receipts only about sufficient
to cover the MEETINGS (72.526) tons
the rcfiner's stocks are not able to
increase materially.
Cuba.
The weekly cabIed figures this
week were buIlish. receipts being 1884,
H49 tons or 2i,S3U tons less than those
of last week. The total exports, 81
SS4 tons, were comparatively small.
1885 tons being consigned TO Flu
rope, and according to Mr.. Himely,
10000 tons to New Orleans, leaving
only S2,52S tons for the United States
Atlantic ports, which is only about
one-half weeks MEETINGS at the rate
that the Atlantic refineries have been
working lately. Stocks in the island
are increased considerably, in conse-
/ quence, and now stand at 49, $50
tons, against 900 tons last year.
On March IS there were 1873 centrals
grinding, compared with ia. cores
bonding date last year. Visible pro.
duction to March Il was 1873, AGO
tons, against 964.715 tons last year
and 1,177.352 tons in 1914.
Our latest cable advices 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 more
favorable than the previously existing
dry weather conditions.
Java.
Our regular monthly cable gives
to Asiatic ports. The last exports to
Europe were in October, 1915.
Belgium.
THE production of the 1856 cam
paign is placed at l2U.000 tons, while
| the stock at the end of the campaign
year is placed at about $4,000 tons to-
gether $4,000 tons, whereas require
ments are figured about 5000 tons.
The deficit could be imported from
| Holland, but the Dutch export values
are. above the maximum prices al.
lowed in Belgium by the German au.
thorities.
| France.
The government has arranged to
pay beet factories 1855 cat the par
of exchange) per ton for beets for the
coming campaign.
4 Russia.
only - of the 81 beet factories are
in working order. ard the production
of these Is factories is less than one,
quarter of the usual annual consump,
ticn.
Refined.
THE refined market has closely
followed raws, and quotations have
advanced to soc. regular terms, an
advance of 40 points for the week.
The demand locally has been fairly
active, although restricted in many
cases by refiners, who are reluctant
sellers.
The export demand has been brisk
and in addition to the usual daily bus.
mess in moderate size lots, the follow.
ing round lots have been placed:
March $40, $500 tons at 555c; March
II. 1000 tons at $500: March l3, 1000
tons at 5.65c and March Il. 1920, 900
tons at 5.S0-S5 -90c. The above lots
are for various shipments up to May,
and quotations net cash, in bond. fob.
New York.
The announcement is made that
the English commission has entered
into contract with the American to
refine raws for them to the extent OF
$4,000 tons, extending into a period of
several months.
/ AS we go to press quotations are.
Federal 700c and others $500. War.
ner is still withdrawn.
Delays in shipments are still con.
| siderable American is today shin