The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-09-01
ENGLAND NOWBUYS
.lAvAS'AND BOURBON


DISTRESSED Surinam, San Domingo
and Philippine sugars In small lots,
10000 bags Cubas aud 1000 bags Porto
RieOs, comprised the total of raw sugar
sold at New York during the week
ending August II! Willett q Gray re-
ported receipts at the United States
| Atlantic ports, 26,833 tons; meltings,
$1,000 tons;. total stock, 266,672 tons,
\ against 29l, 039 tons last week and
324,9 1927 tons last year. .rEr.,L.s&
] Estimated ahoats to the United
states from Cuba and Porto Rico, CO.,
4 900 tons; Hawaii $4,000 tons; Phil.
/ ippine Islands 10000 tons; Various,
5000 tons. Total $4,000 tons, against
total 10000 last year. -, ~, ~.
Il Cuba, the. entire island receipts, G, 424
tons againstN13, 500 tons last week, Ia
lao tons last year and $4,000 tong in
4 1914. Exports, 25,0g5 tons; Stock,
i45,S29 tons, against last year 423,9s0
tons. Centrals grinding s, against 5
last week, 5 last year and 3 in 1914.
stocks in the United States. and Cubn
together of ,62l tons, against 76S,.
53s tons last week and 1884 tons last
year, a decrease Of 1921 tons from
| last year.
Trading In Options .'E'. ~e'
| The week under review has been
quite exceptional in the respect that It
marks, a distinct division line between
the general sugar market and the So
called option market. d.
The general sugar market, that in
which refiners participate, has been en-.
tEely nominal after o sale, on Friday,
of Cuba Centrifugals at 5.G4c, and for
the time, until Tuesday, it was quite
uncertain as to what the following
quotation might be. On Tuesday, how.
ever, a sale of 5000 bags Cubas, from
store, was made by one operator to
another at 4%c per h., in bond. This
established an option market quota
tion and a, nomiual general market quo.
tation Of 5.75e, for 96o test Centrifu.
gals. At the same time there were sell.
ers Of Cubas at ste, both spot and mr..
rival, WHICH were not taken by 70.
fners.
Details OF Trade
On Wednesday refners entered the
market and took 1900 bags full.duty
ourinams and 1900 bags San DOmiin-
Cos at 4hc elf. and 1890 tons Of free.
duty, 96' test, Philippine Centrifu.
gals at 51be, as we'll as 5000 bags Por.
to Ricos at 51ae.
The weekly Cuba cable, received late
Monday and given herewith, was con.
sidered favorable to a checking of the
weakening tone and tendency of the
| market, and accounts somewhat for the
transactions which have followed.
Entente Discriminates Against Us
From the recent high prices for raw
and refined sugar Bome exceptional re.
suits are beginning to be realized As
far back as July % our Paris cores
pOndents called attention to the fact
that the u. s. was being sidetracked by
the /" Entente" by sugars of Java and
Mauritius being bought at prices con.
siderably below the parity of the U. 8. |
As result, purchasing Of sugar in tho
u. S. and Cuba by Great Britain and
France has virtually ceased and ex-
ports of previous purchases are ap-
preaching an end.
In this'country consumers of refined
'ugar in most instances are paying !
to 10 cents per pound retail, and it |
cannot be supposed, that the family |
onsumption of sugar, goes on at the |
seine pace as when the cost is lower. |
A further decline in our market, how
ever, would very likely open the ex-
port field again for business with |
Great Britain, as their purchases lofl
MauFitius sugar do not become avail +,
able for cpnsnmption in the United |
Kingdom until November December.
As we 60 TO press the market il very |
auiet aud c3pditions remain un-
changed without business reported.
The figures this week lend frmer |
tone to the market. Receipts ARE
smaller, At GAIA tons, against 1886
tens last week. Exports are also much !
reduced, being 2A,Q95, tons total, des-
tined 1870 tons to ENNed States At |
lontie ports, 928 tons. to New Orleans
and, 4643 tons to Europe, with another
ShiPment Of s6i4 tons 70 Argentina.
Stocks are decreasing, standing now at
l45,Sa9 tons. FIVE centrals continue
to work. The weather remains favor
lhle for the growing 1907 crop.
Visible production to August - is
2D34l 7S9 tons, against 9,45l $50 tons
last year TO eorrespQnding date.
The royal commission has made ar
rangements with the jam makers TO en-.
able them TO obtain seventy.hve per
@@nt Of their last years supply of
sugar now and the remainder later on.
Part of the purchases of Java sugars
are being paid for by TREASURY bills.
Dutch exchange, which has been firm
for some time, has improved, going in
Englaud's favor. =
Java
Our special cable from Batavia re.
ports exports during July of l2g,O00
tons to Europe, 5000 tons to VancOu.
yer, British Columbia, and $4,000 tons
to AsiaticNports, Last year there were
shipped TO Europe in July 1915 tons,
while l37787 tons were exported TO
Oriental countries. The. large ship
ments this year were only to be ex-
pected in view Of the large purchases
NV tho Initial Kin0dnp, and L'ron.o