The Hawaiian gazette., 1916-11-17
MARKET RESUMEBY
= W|LLETT & GRAY
High Price Is Only Noteworthy
IT, Feature Of Weeks
Business

Sales of raw sugar at New York, dur.
ing the weeI ending November 2
were $1,000 bags Cubas, 1900 tons
BraHils and $40 tons perus according
IN Wi!ett & Gray. -
Stocks in the United States and
Cuba together were 2O0,B44 tons,
eP"irst 2G2.72S tons Inst week and
366,S64 tons last year, decrease Of
100000 tons from last year.
Louisiana new crop sugar Is now
reaching New Orleans in increased
quantity and a goodly portion Of the
receipts are to lie forwarded to Allan.
tic Ports g., s#A
Louisiana advices report that fully
100000 bags 0f the Louisiana. crop
have been sold TO tefners, Including
the 800, 000.bag contract made with the
American, and sugars to be refined on
toll basis. The crop is now moving
more rapidly md receipts at New Or.
leans are about $500 tons per day.
The market at New Orleans has de-
clined in Sympathy with New York
f'om 6.30c to 8l5e. Plantation Cram.
lated is quOtedlat 7.05c. Es
Stocks Are Slender
The supphek Of raws for November
December use are being reduced. The
Sto2k in Cuba and United States to-
gether is 20D,Sl4 tons, against 262, 72s
tons last week and 500 1854 tons last
year. THESE figures speak for them
selves as to the course of the market
before new crop Cuba supplies become
available III quantity. III
New crop Cubas have been freely
offered on Z cost and freight basis OF
41Sc for Wenuafy and 4%e for Febru-
ary-Aprils shipment. ..' ... *, :.
Gable aupfSes from England report
that there hake been heavy offerings
of new crop qIbas at &c fob. Cuba. ,
Cuba Gets Rain rs
The exportI Of the week Increased
considerably, being 1926 tons to the
u. s. Atlantic Ports Sufficient with
the arrival Of sugars from other eoun-
tries TO eoyet refiners' meltings) and
$3.50 tons TO Europe; n total Of Az
Bl6 tons. Stneks in the Island stand
at lab, lO4 tbls, against lSl,77S tons
at this timei Hast year. Heavy rains
have occurred in the eastern provinces,
while unsettled weather is reported Il.
the western end. Later cables state
that the weather is warm and un.
settled, Heavy rains have fallen in
| Oriente and borthern Pinar del Rio
Provinces, With variable precipitation
throughout the balance of the Island.
French Statistics
French Statistics for the year ending
September 1 show production this
year less than half that of the proceed.
ing year---l35iS99 tons, against 302,.
96l tons, while imports are much
larger this year-532,72l tons, against
| 3G6, S6l tons Consumption was re.
duced to 565,ol4 tons, against 63s,674
tons last year, Approximate stock at
the end Of year $4,000 tons, which is
figuring very close, it would seem. +
Refined Sugars y ,
The demand for refined has been
| light during the week, both for export
and local use. Sugars from second
hands are obtainable. at 7.40c basis.
Refners call attention TO the closing
Of lake navigation from October 81 TO,
November IA, and advise the trade
that If il is not possible to ship sugars
IN time the lake and rail rate, the
all.rah freight rate win be added.
Domestic Beet sugars are offered nj
! 1.3Oe for all territory West OF Buffalo
and Pittsburg- Prompt shipment. can
be obtained from some of the factor.
'"s, while others are delayed owing to
sales made before the factories were
able to start operations, ..a ~
The export asking price is about
6.4oc, net cash, in bond, with sugars
obtainable from second hands ten to
fifteen points cheaper, p "A'E'@.