The Hawaiian gazette., 1916-02-04
ALL sGNSPO|NI
u 10. HIGHER PRICES
WilIett & Gray Report Heavy
Buying Of Raws ByRefinsrs
To Meet Demand
British Consumption per Capita
Higher Than Before
gs9i the War ~ yisN
-lB1ygl9n n mo po3GaS..-

Sales Of raw sugar at New YORK
during the week. ending January 20
were phenomenal, over 100000 bags
cubas and Porto Ricos having changed
hands and one 1000 ton lot Of Sg de.
gree Philippines. Refners were The
principle buyers.
7 wiliett 4 Gray state, in part, in
their weekly report that stocks IN the
United States and Cuba together were
19l ,952 tons, against 1T0,564 tons last
week and 244y422 tons last year, de-
crease of 52,470 tons from last year.
Special and somewhat abnormal con
ditions, contributed 10 make a decided
ly strong and improving tendency TO
the market for raw sugar during the
week under review. At the close last
week Cuba Centrifugais, 96o test, were
at 4.5l5c per ID. duty paid, and Port0
Rico, free-duty, at 4.33e per lb, SO +
test.
Immediately thereafter decided in:
tereet was shown BY refners, who had
been for some time indifferent to the
market but now became Eager buyers,
especially for sugar promptly available
for use.
ship Shortage
The special and abnormal conditions
relating to tonnage to the United
States and obligations for early con
tracing by Cuban estates for Faro
pean shipments, reduced the offerings
q Of such prompt shipments as refiners
required to minimum amount, and
the advance since made became prac.
tieable. EftTE.
The buying also extended to the
future months shipments, and quite a
large business to refners has resulted
at advancing. rates, the sales being. as
follows: Monday, prompt at 4.Glc,
with early. February at 4.5se = Tuesday,
prompt and early February 4.64c,, and
March at 4.5Sc; :, Wednesday. prompt
and February.,4. 77c, followed by prompt
Jat 4.SBe.igassi Seq = #,yset M r.sN,f.
Porto Ricos Almost Par. Isl pa,js
Porto, Rieosf sold ous Saturday, at
j4.33c per ID. for date Janua ~ early
February shipment, and to-day at A.64e
for same Positions The offerings of
these sugars are light, as there appears
10 be some labor troubles occurring In
Porto Rico. K s,H9'" -stsF.r B
's2 Refhets have had and are, having
such a good demand, both domestic and
foreign, for their product, and their
,insoId supplies are at low minimum
rarely touched, and the important ques,
ti6n still flnlshns open as TO how long
the present congestion Is to hold.
Louisiana Sells To Trust Ia
Present indications of foreign and
domestic demand for Cuba sugar are
doing away with recent expectations
of the usual annual Temporary decline
20 the low point of the early months
of former years. f1ss' ..t #N
Business with Europe in Cubas on al
TO. b. basis continued quietly but in
good volume, the last sales basis being
3.l5c, I. o. b. Cuba. l.g
Louisiana planters participated in the
business to the extent of selling the
American some $4,000 bags refining
grades at 4hc per h., basis 96o, for
delivery at New Orleans up to Febru
airy l5. .r@.#l WI
The Cuban Outlook i>...,-.. . -. T.
The Cuban crop Is making excellent
progress, as is shown by the. receipts
for the week ending January Is, Of
"a ,523 tons, against $4,000 and $4,000 |
tons for the corresponding weeks of the
two previous years. The strong position |
of the holders of sugar is shown by
the small exports of last week, and
this at a time when the Atlantic ports
refiners are rather short of stock, as is
usual at the beginning of the year, and |
which temporary condition is causing
the strong. market prevailing.
Total exports of the week were TO-.
299 tons, Of which amount 27,96l tons
were for Europe and the balance, Az
33s tons, destined for the United states
Atlantic ports. Stocks are Increased
to l02,l65 tons in the Island on Jann.
airy IL, AMI on that date 1856 centrals
were grinding, against l35 and l54 on
corresponding dates of 1918 and 1914.
Labor Shortage In Cuba
The weather during the week has con
tinued favorable, with l6l centrals
according TO our latest ad-
vices. Visible production to January
is is 2f6,923 tons, against 144 ,676 tons
last yeariahd s94, ls1 tons in 1914.
10 Mr.. III. A.. Himely writes, in part,
under date Of Havana, January l0;''A
scarcity. of labor is reported from ,Guan-
tanamo and Manzanillo, bus we have
heard of no unusual complaints in that
respect from other quarters. The ar
rival in Havana of laborers from Spain
continues large "a y u
Recent charters have been made for
February shipment from Cuba to New
York at forty.thEee to forty five cents
per 100 pounds NJ u 1
The changed course Of the raw sugar
market, in connection with the in.
creased calls upon refners to meet the
demands Of both foreign and home con.
sumers, has turned the refined market
upwards to the extent Of ten cents per
one hundred pounds. All reilners now
quote 5.SSe, less two per, cent, for Fine
Granulated for domestic eonsnmptiOn.
Some delay in shipments is IN cyl,
dence. Orders placed today with the
American win probably be shipped Sat
urJby., Howell is behind, but expect to-
be in better shape by the first of the
A A a Il. \ i